메뉴 건너뛰기




Volumn 17, Issue 2, 2000, Pages 191-212

Why Do Large Firms' Prices Anticipate Earnings Earlier than Small Firms' Prices?

Author keywords

Earnings; Firm size; Market efficiency; Momentum

Indexed keywords


EID: 0348236963     PISSN: 08239150     EISSN: None     Source Type: Journal    
DOI: 10.1506/M9B9-RQD7-U8KA-503U     Document Type: Article
Times cited : (15)

References (14)
  • 1
    • 0002286246 scopus 로고
    • Predisclosure information, firm capitalization and security price behavior around earnings announcements
    • Atiase, R. 1985. Predisclosure information, firm capitalization and security price behavior around earnings announcements. Journal of Accounting Research 23 (Spring): 21-36.
    • (1985) Journal of Accounting Research , vol.23 , Issue.SPRING , pp. 21-36
    • Atiase, R.1
  • 2
    • 0031574540 scopus 로고    scopus 로고
    • Market assessment of industry and firm earnings information
    • Ayers, B., and R. Freeman. 1997. Market assessment of industry and firm earnings information. Journal of Accounting and Economics 24 (December): 205-18.
    • (1997) Journal of Accounting and Economics , vol.24 , Issue.DECEMBER , pp. 205-218
    • Ayers, B.1    Freeman, R.2
  • 3
    • 0000933708 scopus 로고
    • The association between unsystematic security returns and the magnitude of earnings forecast errors
    • Beaver, W., R. Clarke, and W. Wright. 1979. The association between unsystematic security returns and the magnitude of earnings forecast errors. Journal of Accounting Research 17 (Autumn): 316-40.
    • (1979) Journal of Accounting Research , vol.17 , Issue.AUTUMN , pp. 316-340
    • Beaver, W.1    Clarke, R.2    Wright, W.3
  • 4
    • 0001819765 scopus 로고
    • Post-earnings-announcement drift: Delayed price response or risk premium?
    • Bernard, V., and J. Thomas. 1989. Post-earnings-announcement drift: Delayed price response or risk premium? Journal of Accounting Research 27 (Supplement): 1-36.
    • (1989) Journal of Accounting Research , vol.27 , Issue.SUPPL. , pp. 1-36
    • Bernard, V.1    Thomas, J.2
  • 6
    • 38249033644 scopus 로고
    • On cross-sectional analysis in accounting research
    • Christie, A. 1987. On cross-sectional analysis in accounting research. Journal of Accounting and Economics 9 (December): 231-58.
    • (1987) Journal of Accounting and Economics , vol.9 , Issue.DECEMBER , pp. 231-258
    • Christie, A.1
  • 7
    • 0000749509 scopus 로고
    • Firm size and information content of prices with respect to earnings
    • Collins, D., S. Kothari, and J. Rayburn. 1987. Firm size and information content of prices with respect to earnings. Journal of Accounting and Economics 9 (July): 111-38.
    • (1987) Journal of Accounting and Economics , vol.9 , Issue.JULY , pp. 111-138
    • Collins, D.1    Kothari, S.2    Rayburn, J.3
  • 8
    • 84984175101 scopus 로고
    • Nonlinearity in the returns-earnings relation: Tests of alternative specifications and explanations
    • Das, S., and B. Lev. 1994. Nonlinearity in the returns-earnings relation: Tests of alternative specifications and explanations. Contemporary Accounting Research 11 (Fall): 353-79.
    • (1994) Contemporary Accounting Research , vol.11 , Issue.FALL , pp. 353-379
    • Das, S.1    Lev, B.2
  • 9
    • 38549147867 scopus 로고
    • Common risk factors in the returns on stocks and bonds
    • Fama, E., and K. French. 1993. Common risk factors in the returns on stocks and bonds. Journal of Financial Economics 33 (February): 3-56.
    • (1993) Journal of Financial Economics , vol.33 , Issue.FEBRUARY , pp. 3-56
    • Fama, E.1    French, K.2
  • 10
    • 0000864783 scopus 로고
    • The association between accounting earnings and security returns for large and small firms
    • Freeman, R. 1987. The association between accounting earnings and security returns for large and small firms. Journal of Accounting and Economics 9 (July): 195-228.
    • (1987) Journal of Accounting and Economics , vol.9 , Issue.JULY , pp. 195-228
    • Freeman, R.1
  • 11
    • 21144462546 scopus 로고
    • A nonlinear model of security price responses to unexpected earnings
    • Freeman, R., and S. Tse. 1992. A nonlinear model of security price responses to unexpected earnings. Journal of Accounting Research 30 (Autumn): 185-209.
    • (1992) Journal of Accounting Research , vol.30 , Issue.AUTUMN , pp. 185-209
    • Freeman, R.1    Tse, S.2
  • 12
    • 84993907227 scopus 로고
    • Returns to buying winners and selling losers: Implications for stock market efficiency
    • Jegadeesh, N., and S. Titman. 1993. Returns to buying winners and selling losers: Implications for stock market efficiency. Journal of Finance 48 (March): 65-91.
    • (1993) Journal of Finance , vol.48 , Issue.MARCH , pp. 65-91
    • Jegadeesh, N.1    Titman, S.2
  • 14
    • 0039064917 scopus 로고    scopus 로고
    • Do industries explain momentum?
    • Moskowitz, T., and M. Grinblatt. 1999. Do industries explain momentum? Journal of Finance 54 (August): 1249-90.
    • (1999) Journal of Finance , vol.54 , Issue.AUGUST , pp. 1249-1290
    • Moskowitz, T.1    Grinblatt, M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.