The Level and Persistence of Growth Rates

By Louis K. C. Chan, Jason Karceski, Josef Lakonishok. 2003

361 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5babde70c9ad8a3dcc274e66b7b325f106f3ce59

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. John O. S. Wilson
2. Tong Yao
3. Gabrielle Wanzenried
4. K. Chan
5. Daniel Yi Xu
6. George J. Jiang
7. John Goddard
8. Louis K. C. Chan

In Finance

1. John O. S. Wilson
2. Gabrielle Wanzenried
3. John Goddard
4. Tong Yao
5. Daniel Yi Xu
6. George J. Jiang
7. Louis K. C. Chan
8. Yong Tan

In Strategy and Management

1. Tong Yao
2. Daniel Yi Xu
3. George J. Jiang
4. Louis K. C. Chan
5. Josef Lakonishok
6. Catherine Schrand
7. Roni Michaely
8. Tom Nohel

Citations in the corpus

• Determinants of profitability in European manufacturing and services: evidence from a dynamic panel model (2005, background): “( 2003 ) all present evidence in support of the random walk hypothesis.”
• How Do Accounting Variables Explain Stock Price Movements? Theory and Evidence (2007, neutral): “12 See, among others, Easton and Harris (1991), Ali and Zarowin (1992), Ely and Waymire (1999), Francis and Schipper (1999), and Lev and Zarowin (1999).”
• Analysts' Selective Coverage and Subsequent Performance of Newly Public Firms (2006, background): “On the other hand, Chan et al. (2003) find that earnings growth forecasts reported by analysts are overly optimistic and not predictive of”
• An Augmented q-Factor Model with Expected Growth* (2020, neutral): “For example, Chan, Karceski, and Lakonishok (2003) document a low R2 for earnings growth, even with a myriad of predictors, including valuation ratios.”
• The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, neutral): “Chan, Karceski, and Lakonishok (2003) Archival, I/B/E/S, 1982-1998.”
• What determines the speed of adjustment to the target capital structure? (2006, background): “Chen (1991) also documents that an above average term spread forecasts that the gross natural product will continue to increase over the next four to six quarters.”
• Momentum Profits, Factor Pricing, and Macroeconomic Risk (2008, critical): “Our evidence contrasts with that of Chan, Karceski, and Lakonishok (2003) , who conclude that: “Contrary to the conventional notion that high past returns signal high future growth, the coefficient of [past returns] is negative” (p. 681).”
• Analysts' Conflict of Interest and Biases in Earnings Forecasts (2007, neutral): “Degeorge, Patel and Zeckhauser (1999), and Chan et al. (2002) provide evidence consistent with managerial manipulation of earnings.”