Revenue surprises and stock returns

By Narasimhan Jegadeesh, Joshua Livnat. 2006

299 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/f55c95f77de1e6dda5c46e9407a7acbec37679f0

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In Accounting

1. Chen Xue
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In Finance

1. Chen Xue
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Citations in the corpus

• Information interpretation or information discovery: which role of analysts do investors value more? (2012, unknown): “Specifically, most firms include in their earnings announcements not only information about earnings but also information about revenues (Jegadeesh and Livnat 2006).”
• Implications of Transaction Costs for the Post-Earnings Announcement Drift (2008, methodology): “The main measure of revenue surprise in Jegadeesh and Livnat [2006] assumes that expected revenue follows a seasonal random walk with drift, and they scale revenue surprise by the standard deviation of prior revenue surprises.”
• The Value-Relevance of Changes in Financial Leverage Beyond Growth in Assets and GAAP Earnings (2008, background): “This result is consistent with the findings of Bradshaw, Richardson, and Sloan (2006). The results for Model 2 show that this finding is not subsumed by investors’ underreaction to changes in operating cash flows and changes in accruals; the coefficient on XFIN in Model 2 remains similar to that in ”
• Digesting Anomalies: An Investment Approach (2015, methodology): “Harvey, C.,Y. Liu, and H. Zhu.”
• A re-examination of analysts’ superiority over time-series forecasts of annual earnings (2012, unknown): “For example, Lee (1992), Clement et al. (2003), and Jegadeesh and Livnat (2006) use analysts’ forecasts to proxy for earnings expectations for small firms, which are not represented in the early studies of analysts’ versus time-series forecasts.”
• Limited Investor Attention and Stock Market Misreactions to Accounting Information (2011, unknown): “, Kandel and Pearson (1995), who provides evidence supportive of prices re ecting average trader perceptions; and in the context of limited attention, Hirshleifer and Teoh (2003).”
• Identifying Expectation Errors in Value/Glamour Strategies: A Fundamental Analysis Approach (2012, unknown): “…(i.e., post-earnings announcement drift,Bernard and Thomas 1989,1990), extreme earnings and revenue innovations (Doyle, Lundholm, and Soliman 2006; Jegadeesh and Livnat 2006; Balakrishnan, Bartov, and Faurel 2010), the reversing nature of extreme accrual realizations (Sloan 1996), net financing…”
• Ratings Changes, Ratings Levels, and the Predictive Value of Analysts’ Recommendations (2010, unknown): “1 See, for example, Stickel (1995), Womack (1996), Barber et al.”