The relation between security returns, firm earnings, and industry earnings

Contemporary Accounting Research

Volumn 13, Issue 2, 1996, Pages 607-629

  Lang, Mark ^a   Lundholm, Russell ^b  

^a UNIVERSITY OF NORTH CAROLINA   (United States)

^b UNIVERSITY OF MICHIGAN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 1542555816     PISSN: 08239150     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1911-3846.1996.tb00516.x     Document Type: Article

References (25)

1. Admati, A., P. Pfliederer, and M. Wolfson. Intra-Industry Information Transfers and Pre-Announcement Information. Working paper. Stanford University, 1990.
2. Antle, R., J. Demski, and S. Ryan. Multiple Sources of Information, Valuation, and Accounting Earnings. Working paper. Yale University, 1990.
3. Baginski, S. Intra-Industry Information Transfers Associated with Management Forecasts of Earnings. Journal of Accounting Research (Autumn 1987), 196-216.
4. Bernard, V. Cross-Sectional Dependence and Problems in Inference in Market Based Accounting Research. Journal of Accounting Research (Spring 1987), 1-48.
5. _, and J. Thomas. Evidence that Stock Prices Do Not Fully Reflect the Implications of Current Earnings for Future Earnings. Journal of Accounting and Economics (December 1990), 305-340.
6. Bernstein, L. Financial Statement Analysis: Theory, Application and Interpretation. Irwin, 1988.
7. Brown, P., and R. Ball. Some Preliminary Findings on the Association Between the Earnings of a Firm, Its Industry, and the Economy. Supplement to the Journal of Accounting Research (1967), 55-77.
8. Christie, A. On the Cross-Sectional Analysis of Accounting Research. Journal of Accounting and Economics (December 1987), 231-258.
9. Clinch, G., and N. Sinclair. Intra-Industry Information Releases: A Recursive Systems Approach. Journal of Accounting and Economics (July 1987), 89-106.
10. Collins, D., and S. Kothari. An Analysts of Intertemporal and Cross-Sectional Determinants of Earnings Response Coefficients. Journal of Accounting and Economics (July 1989), 143-181.
11. Easton, P., and M. Zmijewski. Cross-Sectional Variation in the Stock Market Response to Accounting Earnings Announcements. Journal of Accounting and Economics (July 1989), 117-141.
12. Foster, G. Quarterly Accounting Data: Time Series Properties and Predictive-Ability Results. The Accounting Review (January 1977), 1-21.
13. _. Intra-Industry Information Transfers Associated with Earnings Releases. Journal of Accounting and Economics (December 1981), 201-232.
14. Frost, C. Intra-Industry Information Transfer: An Analysis of Research Methods, and Additional Evidence. Review of Quantitative Finance and Accounting (July 1995), 111-126.
15. Gonedes, N. Properties of Accounting Numbers: Models and Tests. Journal of Accounting Research (Autumn 1973), 212-237.
16. Graybill, F. An Introduction to Linear Statistical Models. McGraw-Hill, 1961.
17. Joh, G., and J. Lee. Stock Price Response to Accounting Information in Oligopoly. Journal of Business (October 1992), 451-472.
18. Kirby, A. Trade Associations as Information Exchange Mechanisms. RAND Journal of Economics (March 1988), 138-146.
19. Kormendi, R., and R. Lipe. Earnings Innovations, Earnings Persistence and Rational Firm Valuation. Journal of Business (July 1987), 323-345.
20. Madalla, G.S. Econometrics. McGraw-Hill, 1977.
21. Magee, R. Industry-Wide Commonalities in Earnings. Journal of Accounting Research (Autumn 1974), 270-287.
22. Pownall, G., and G. Waymire. Voluntary Disclosure Choice and Earnings Information Transfer. Supplement to the Journal of Accounting Research (1989), 85-105.
23. Scofield, B. Industry Disclosures and Information Transfer Associated with Quarterly Earnings Announcements. Working paper. University of Florida, 1989.
24. Securities and Exchange Commission. Report of the SEC Advisory Committee on Corporate Disclosure. U.S. Government Printing Office, 1977.
25. Smith, D., and S. Pourciau. A Comparison of the Financial Characteristics of December and Non-December Year-End Companies. Journal of Accounting and Economics (December 1988), 335-344.