We survey recent research in accounting anomalies and fundamental analysis. We use
forecasting of future earnings and returns as our organizing framework and suggest a …

I describe a model of earnings and earnings growth and I demonstrate how this model may
be used to obtain estimates of the expected rate of return on equity capital. These estimates …

This study investigates whether a firm's cost of equity capital is influenced by the extent of a
firm's real activities management. Using a large sample of US firms, we find that our proxy for …

This paper investigates the impact of corporate risk levels on aggregated, voluntary and
mandatory risk disclosures in the annual report narratives of UK non-financial listed …

This paper develops a taxonomy of research examining the role of financial analysts in
capital markets. The paper builds on the perspectives provided by Schipper [Schipper …

Managers, investors, and researchers have a compelling interest in identifying a reliable
empirical proxy for firm‐specific cost of equity capital (r). In theory, deducing r is possible if …

Equity risk premiums are a central component of every risk and return model in finance and
are a key input into estimating costs of equity and capital in both corporate finance and …

We investigate the risk relevance of the standard deviation of three performance measures:
net income, comprehensive income, and a constructed measure of full‐fair‐value income for …

This surveys reviews research regarding the role of financial analysts in capital markets. The
survey builds on the perspectives provided by Schipper (1991) and Brown (1993). We …

This study empirically investigates the effects of competitive intensity and business strategy
on the relationship between financial leverage and the performance of firms. Based on a …