Accounting anomalies and fundamental analysis: A review of recent research advances
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 …
forecasting of future earnings and returns as our organizing framework and suggest a …
The cross‐section of expected stock returns: what have we learnt from the past twenty‐five years of research?
A Subrahmanyam - European Financial Management, 2010 - Wiley Online Library
I review the recent literature on cross‐sectional predictors of stock returns. Predictive
variables used emanate from informal arguments, alternative tests of risk‐return models …
variables used emanate from informal arguments, alternative tests of risk‐return models …
Does weak governance cause weak stock returns? An examination of firm operating performance and investors' expectations
ABSTRACT We investigate Gompers, Ishii, and Metrick's (2003) finding that firms with weak
shareholder rights exhibit significant stock market underperformance. If the relation between …
shareholder rights exhibit significant stock market underperformance. If the relation between …
The financial analyst forecasting literature: A taxonomy with suggestions for further research
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 …
capital markets. The paper builds on the perspectives provided by Schipper [Schipper …
Financial analysts and their contribution to well-functioning capital markets
M Bradshaw, Y Ertimur, P O'Brien - Foundations and Trends® …, 2017 - nowpublishers.com
Well-functioning capital markets rely on a complex set of institutions and participants that
ensure capital is allocated to its best possible use, and that information flows between firms …
ensure capital is allocated to its best possible use, and that information flows between firms …
Value‐glamour and accruals mispricing: One anomaly or two?
H Desai, S Rajgopal… - The Accounting …, 2004 - publications.aaahq.org
We investigate whether the accruals anomaly is a manifestation of the glamour stock
phenomenon documented in the finance literature. Value (glamour) stocks, characterized by …
phenomenon documented in the finance literature. Value (glamour) stocks, characterized by …
Separating winners from losers among lowbook-to-market stocks using financial statement analysis
PS Mohanram - Review of accounting studies, 2005 - Springer
This paper combines traditional fundamentals, such as earnings and cash flows, with
measures tailored for growth firms, such as earnings stability, growth stability and intensity of …
measures tailored for growth firms, such as earnings stability, growth stability and intensity of …
The quest for multidimensional financial immunity to the COVID-19 pandemic: Evidence from international stock markets
What determines a country's financial immunity to a global pandemic? To answer this
question, we investigate the behavior of 67 equity markets around the world during the …
question, we investigate the behavior of 67 equity markets around the world during the …
Identifying expectation errors in value/glamour strategies: A fundamental analysis approach
JD Piotroski, EC So - The Review of Financial Studies, 2012 - academic.oup.com
It is well established that value stocks outperform glamour stocks, yet considerable debate
exists about whether the return differential reflects compensation for risk or mispricing …
exists about whether the return differential reflects compensation for risk or mispricing …
Stakeholder relations and stock returns: On errors in investors' expectations and learning
A significant number of institutional investors publicly state the belief that corporate
stakeholder relations are associated with firm value in a manner that the financial market …
stakeholder relations are associated with firm value in a manner that the financial market …