The information content of security prices☆
References (27)
Forecasting in dynamic models with stochastic regressors
Journal of Econometrics
(1975)- et al.
The time series properties of annual earnings
Journal of Accounting Research
(1977) - et al.
An empirical evaluation of accounting income numbers
Journal of Accounting Research
(1969) - et al.
Stock price elasticity
(1971) - et al.
Some time series properties of accounting income
Journal of Finance
(1972) The investment performance of common stocks in relation to their price-earnings ratios: A test of the efficient market hypothesis
Journal of Finance
(1977)The effect of earnings yield on assessments of the association between annual accounting income numbers and security prices
Accounting Review
(1978)The time series behavior of earnings variables, empirical research in accounting: Selected studies
Supplement to Journal of Accounting Research
(1970)- et al.
The association between market-determined and accounting-determined measures of systematic risk
Journal of Financial and Quantitative Analysis
(1975) - et al.
What determines price earnings ratios?
Financial Analysts Journal
(1978)
The association between unsystematic security returns and the magnitude of earnings forecast errors
Journal of Accounting Research
(1979)
On systematic and unsystematic components of financial risk
Journal of Finance
(1972)
The capital asset pricing model: Some empirical tests
Studies in the theory of capital markets
(1972)
Cited by (407)
Aggregate earnings and market expectations in United States presidential election prediction markets
2023, Advances in AccountingInvestor information gathering and the resolution of uncertainty
2022, Journal of Accounting and EconomicsInferring Aggregate Market Expectations from the Cross-Section of Stock Prices
2023, Journal of Financial and Quantitative AnalysisFINANCIAL REPORTING QUALITY DURING COVID-19 PANDEMIC: INTERNATIONAL EVIDENCE
2023, Asian Academy of Management Journal of Accounting and FinancePolitical connections, board ethnicity and value relevance in Mauritius
2023, Asian Review of AccountingSecurities transaction taxes and stock price informativeness: evidence for France and Italy
2023, Financial Markets and Portfolio Management
- ☆
Financial support for this research was provided by the Stanford Program in Professional Accounting, the major sponsors of which are Arthur Andersen & Co., Arthur Young & Co., Coopers & Lybrand, Deloitte, Haskins & Sells, Ernst & Whinney, and Peat, Marwick, Mitchell & Co. We are indebted to the members of the Stanford Summer Research Seminar, to the Cornell Accounting Workshop, and to William Schwert, Ross Watts and Jerry Zimmerman of Rochester, for their many helpful comments.
Copyright © 1980 Published by Elsevier B.V.