Stock Returns and Accounting Earnings

By Jing Liu, Jacob K. Thomas. 2000

273 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/14ad4126571be0654a2052eb03c6f7720c8642c7

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Citations in the corpus

Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “Liu and Thomas (2000) 37 Neither study addresses whether the strings are achieved by artificial smoothing.”
How Do Analysts Use Their Earnings Forecasts in Generating Stock Recommendations (2001, unknown): “Additionally, Liu and Thomas (1999) show that residual income model estimates, which incorporate other information implicit in analysts forecasts, dramatically improve the typical returns-earnings regression specification.”
Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets (2001, background): “Mehra and Prescott (1985) initiated a body of theoretical work that has examined the so-called “equity premium puzzle.”
Capital Markets Research in Accounting (2001, background): “…1994), Beaver et al. (1987, 1997), Freeman (1987), Collins and Kothari (1989), Kothari (1992), Kothari and Sloan (1992), Easton et al. (1992), Warfield and Wild (1992), Jacobson and Aaker (1993), Basu (1997), Ball et al. (2000), and Liu and Thomas (2000). information about future earnings changes.”
A Review of the Value Relevance Literature (2009, background): “not exhaustive, these explanations include: low earnings persistence [21, 46], a lack of timeliness of earnings due to strict requirements regarding objectivity and verifiability of accounting numbers [28], conservative accounting [44, 47], misspecification of statistical models [20, 35, 48-50], ina”
Is the US Stock Market Myopic (2000, unknown): “Liu and Thomas [1999] employ, essentially, this decomposition of abnormal earnings in assessing the impact of the residual income formulation on interpreting earnings response coefficients.”
Investor recognition and stock returns (2008, methodology): “These results highlight the importance of investor recognition as a determinant of firm-level expected return news and contribute to the literature on the drivers of firm-level stock returns (e.g., Lev, 1989; Roll, 1989; Liu and Thomas, 2000; Vuolteenaho, 2002).”
The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, unknown): “Liu and Thomas (2000) Archival, I/B/E/S, 1981-1994.”
How Do Accounting Variables Explain Stock Price Movements? Theory and Evidence (2007, unknown): “These studies are based upon the original form of the residual income model that relates equity value to expected future accounting data (e.g., Liu and Thomas, 2000; Copeland, Dolgoff, and Moel, 2003).”
Reexamining Stock Valuation and Inflation: The Implications Of Analysts' Earnings Forecasts (2002, unknown): “1 For example, Stulz (1986), Marshall (1992), and Bakshi and Chen (1996) analyze theoretical asset price relationships with inflation using models is which money is desired for transaction purposes but where the monetary/inflation process has no direct effect on output.”