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The relative information content of cash flows and earnings affected by their extremity : UK evidence

Mostafa, Wael - In: Managerial finance 40 (2014) 7, pp. 646-661

Persistent link: https://www.econbiz.de/10010391127

Reply to "Note on Earnings and stock returns : evidence from Germany"

Booth, G. Geoffrey; Broussard, John Paul; Loistl, Otto - In: European accounting review 8 (1999) 3, pp. 565-568

Persistent link: https://www.econbiz.de/10001518136

Sources of Momentum Profits : Evidence on the Irrelevance of Characteristics

Bandarchuk, Pavel - 2011

Several recent studies document that sorting stocks first on certain stock-level characteristics and then on past returns results in elevated momentum profits. We show that such strategies enhance momentum profits simply by trading in stocks with more extreme past returns. Adjusted for this...

Persistent link: https://www.econbiz.de/10013132024

Earnings Dispersion and the Stock Market Reaction to Aggregate Earnings News

Subasi, Musa - 2011

Sadka (2009) and consistent with the predictions of the modern portfolio theory, I find that there is no relation between …

Persistent link: https://www.econbiz.de/10013125333

An Analysis of Stock Returns and Aggregate Earnings

Chen, Yunhao - 2012

We reexamine the time-series properties and determinants of the relation between aggregate earnings and returns (earnings response coefficient, ERC) employing return decompositions with longer historical data. We find that aggregate ERC is time-varying, above and beyond the evidence documented...

Persistent link: https://www.econbiz.de/10013109120

Market Reaction to an Earnings Shock : A Test of the Conservatism Effect

Alwathainani, Abdulaziz M. - 2014

In this paper, I empirically test the conservatism effect of Barberis, Shleifer and Vishny (1998). Conditioning on a shock to quarterly earnings, firms ranking in the top (bottom) earnings shock quintile exhibit substantial price momentum over the next three-month periods following the initial...

Persistent link: https://www.econbiz.de/10013068900

Earnings, Retained Earnings, and Book-to-Market in the Cross Section of Expected Returns

Ball, Ray - 2019

Book value of equity consists of two economically different components: retained earnings and contributed capital. We predict that book-to-market strategies work because the retained earnings component of the book value of equity includes the accumulation and, hence, the averaging of past...

Persistent link: https://www.econbiz.de/10012902224

Effect of Inflation, Earning Per Share (EPS), Price Earnings Ratio (PER) on Stock Price PT. Siantar Top, Tbk

Sunartiyo, T - 2018

This study aims to determine the impact of inflation, Earning per Share (EPS), Price Earnings Ratio (PER) on stock prices. This study was conducted in one of the Food and Beverage Industry companies listed in Indonesia Stock Exchange (IDX), namely PT. Siantar Top Tbk during the period 2010-2016....

Persistent link: https://www.econbiz.de/10012910038

Evaluating the Long-Term Valuation Effect of Efficient Asset Utilization and Profit Margin on Stock Returns : Additional Evidence from the DuPont Identity

Houmes, Robert - 2017

identity components: profit margin and asset turnover. In particular, we examine the relative effectiveness of profit margin … raw, Capital Asset Pricing Model, and Fama-French returns on controls and variables of interest, profit margin, and asset … include returns lagged over years t-1, t-2, and t-3 to coincide with the lagged profit margin and asset turnover variables of …

Persistent link: https://www.econbiz.de/10012944539

Managerial overconfidence and firm profitability

Kim, Hyun Ah; Choi, Seung Uk; Choi, Wooseok - In: Asia-Pacific journal of accounting & economics : … 29 (2022) 1, pp. 129-153

Persistent link: https://www.econbiz.de/10012820821