Accounting Anomalies and Fundamental Analysis: A Review of Recent Research Advances

By Scott A. Richardson, İ. Tuna, Peter D. Wysocki. 2010

432 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/80082f4eb449e308f393cf253f49e425ab7d1ff4

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Citations in the corpus

Predicting market returns using aggregate implied cost of capital (2013, neutral): “Existing cross-sectional studies on the ICC have been unable to conclusively establish such a positive relationship (see Richardson, Tuna, and Wysocki (2010), Hou, van Dijk, and Zhang (2010), and Plumlee, Botosan, and Wen (2011)).”
A Transaction-Cost Perspective on the Multitude of Firm Characteristics (2020, neutral): “To determine which characteristics are jointly significant, we use a screen-and- 1See also the survey papers Subrahmanyam (2010), Richardson, Tuna, and Wysocki (2010), and Nagel (2013), and the book Bali, Engle, and Murray (2016).”
The Implied Cost of Capital: A New Approach (2012, positive): “, Brown et al., 1987).(5) We compute five individual ICC estimates (based on five commonly used ICC models) and a composite ICC estimate (the average of the five individual ICC estimates) using the model-based earnings forecasts. For comparison purposes, we also compute the equivalent ICC estimates ”
The Investment Manifesto (2013, neutral): “Examples include shocks to total factor productivity, government policy shocks, and aggregate demand shocks driven by changes to preferences.”
Discussion of “disclosure processing costs, investors' information choice, and equity market outcomes: A review” (2020, background): “For instance, in difference of opinions models (e.g., Harrison and Kreps (1978); Harris and Raviv (1993); Kandel and Pearson (1990); Scheinkman and Xiong (2003); Banerjee and Kremer (2010)), investors have heterogenous priors over the joint distribution of signals and payoffs and therefore “agree…”
The supraview of return predictive signals (2013, positive): “In doing so, we have sought to take an initial step of response to the call made by Richardson et al. (2010) that researchers in the RPS area begin to move away from what they describe as ‘‘the haphazard nature of this line of research [into RPS]’’ and instead move toward imposing more structure on…”
How far can we trust earnings numbers? What research tells us about earnings management (2013, background): “However the most recent research suggests that the abnormal returns to accruals-based trading strategies now seem much smaller (see Richardson et al. 2010).”