메뉴 건너뛰기




Volumn 18, Issue 4, 2004, Pages 263-286

How do earnings numbers relate to stock returns? A review of classic accounting research with updated evidence

Author keywords

[No Author keywords available]

Indexed keywords


EID: 34547608777     PISSN: 08887993     EISSN: 15587975     Source Type: Journal    
DOI: 10.2308/acch.2004.18.4.263     Document Type: Article
Times cited : (111)

References (30)
  • 1
    • 0002742759 scopus 로고
    • An empirical evaluation of accounting income numbers
    • Autumn
    • Ball, R., and P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of Accounting Research (Autumn): 159-178.
    • (1968) Journal of Accounting Research , pp. 159-178
    • Ball, R.1    Brown, P.2
  • 2
    • 0003163002 scopus 로고
    • The relationship between returns and market value of common stocks
    • Banz, R. 1981. The relationship between returns and market value of common stocks. Journal of Financial Economics 6: 103-126.
    • (1981) Journal of Financial Economics , vol.6 , pp. 103-126
    • Banz, R.1
  • 3
    • 0002072633 scopus 로고
    • The information content of annual earnings announcements
    • Beaver, W. 1968. The information content of annual earnings announcements. Journal of Accounting Research (Supplement): 67-92.
    • (1968) Journal of Accounting Research , Issue.SUPPL. , pp. 67-92
    • Beaver, W.1
  • 4
    • 0000933708 scopus 로고
    • The association between unsystematic security returns and the magnitude of earnings forecast errors
    • Autumn
    • Beaver, W., R. Clarke, and F. Wright. 1979. The association between unsystematic security returns and the magnitude of earnings forecast errors. Journal of Accounting Research (Autumn): 316-340.
    • (1979) Journal of Accounting Research , pp. 316-340
    • Beaver, W.1    Clarke, R.2    Wright, F.3
  • 8
    • 0002232337 scopus 로고
    • Capital markets research in accounting during the 1980s: A critical review
    • edited by T. J. Frecka. Urbana, IL: University of Illinois at Urbana-Champaign
    • Bernard, V. 1989. Capital markets research in accounting during the 1980s: A critical review. In The State of Accounting Research as We Enter the 1990s, edited by T. J. Frecka. Urbana, IL: University of Illinois at Urbana-Champaign.
    • (1989) The State of Accounting Research As We Enter the 1990s
    • Bernard, V.1
  • 9
    • 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 (Supplement): 1-48.
    • (1989) Journal of Accounting Research , Issue.SUPPL. , pp. 1-48
    • Bernard, V.1    Thomas, J.2
  • 10
    • 84984174894 scopus 로고
    • The Feltham-Ohlson framework: Implications for empiricists
    • Bernard, V., and J. Thomas. 1995. The Feltham-Ohlson framework: Implications for empiricists. Contemporary Accounting Research 11: 733-747.
    • (1995) Contemporary Accounting Research , vol.11 , pp. 733-747
    • Bernard, V.1    Thomas, J.2
  • 11
    • 0002976802 scopus 로고
    • The incremental information content of accrual versus cash flows
    • October
    • Bowen, R., D. Burgstahler, and L. Daley. 1987. The incremental information content of accrual versus cash flows. The Accounting Review 62 (October): 723-747.
    • (1987) The Accounting Review , vol.62 , pp. 723-747
    • Bowen, R.1    Burgstahler, D.2    Daley, L.3
  • 12
    • 0010690266 scopus 로고
    • An analysis of intertemporal and cross-sectional determinants of earnings response coefficients
    • Collins, D., and S. P. Kothari. 1989. An analysis of intertemporal and cross-sectional determinants of earnings response coefficients. Journal of Accounting and Economics 11: 143.
    • (1989) Journal of Accounting and Economics , vol.11 , pp. 143
    • Collins, D.1    Kothari, S.P.2
  • 13
    • 43949157969 scopus 로고
    • Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals
    • Dechow, P. 1994. Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals. Journal of Accounting and Economics 18: 3-42.
    • (1994) Journal of Accounting and Economics , vol.18 , pp. 3-42
    • Dechow, P.1
  • 14
    • 84977737676 scopus 로고
    • The cross-section of expected stock returns
    • June
    • Fama, E., and K. French. 1992. The cross-section of expected stock returns. The Journal of Finance 47 (June): 427-465.
    • (1992) The Journal of Finance , vol.47 , pp. 427-465
    • Fama, E.1    French, K.2
  • 15
    • 84984207803 scopus 로고
    • Valuation and clean surplus accounting for operating and financial activities
    • Feltham, G., and J. Ohlson. 1995. Valuation and clean surplus accounting for operating and financial activities. Contemporary Accounting Research 11: 689-731.
    • (1995) Contemporary Accounting Research , vol.11 , pp. 689-731
    • Feltham, G.1    Ohlson, J.2
  • 16
    • 77249170581 scopus 로고
    • Financial Accounting Standards Board (FASB)., Statement of Financial Accounting Concepts No. 1, Norwalk, CT: FASB
    • Financial Accounting Standards Board (FASB). 1977. Objectives of Financial Reporting by Business Enterprises. Statement of Financial Accounting Concepts No. 1. Norwalk, CT: FASB.
    • (1977) Objectives of Financial Reporting By Business Enterprises
  • 17
    • 0032220236 scopus 로고    scopus 로고
    • The relation between nonrecurring accounting transactions and CEO cash compensation
    • April
    • Gaver, J. and K. Gaver. 1998. The relation between nonrecurring accounting transactions and CEO cash compensation. The Accounting Review 73 (April): 235-253.
    • (1998) The Accounting Review , vol.73 , pp. 235-253
    • Gaver, J.1    Gaver, K.2
  • 18
  • 19
    • 0001574630 scopus 로고    scopus 로고
    • A review of the earnings management literature and its implications for standard setting
    • December
    • Healy, P., and J. Wahlen. 1999. A review of the earnings management literature and its implications for standard setting. Accounting Horizons 13 (December): 365-383.
    • (1999) Accounting Horizons , vol.13 , pp. 365-383
    • Healy, P.1    Wahlen, J.2
  • 20
    • 0000055398 scopus 로고
    • Earnings innovations, earnings persistence, and stock returns
    • Kormendi, R., and R. Lipe. 1987. Earnings innovations, earnings persistence, and stock returns. Journal of Business 60: 323-345.
    • (1987) Journal of Business , vol.60 , pp. 323-345
    • Kormendi, R.1    Lipe, R.2
  • 22
    • 0000134524 scopus 로고    scopus 로고
    • Accounting-based valuation: Impact on business practices and research
    • Lee, C. M. C. 1999. Accounting-based valuation: Impact on business practices and research. Accounting Horizons 13: 413-425.
    • (1999) Accounting Horizons , vol.13 , pp. 413-425
    • Lee, C.M.C.1
  • 23
    • 0001208616 scopus 로고    scopus 로고
    • Market efficiency and accounting research: A discussion of "Capital markets research in accounting," by S. P. Kothari
    • Lee, C. M. C. 2001. Market efficiency and accounting research: A discussion of "Capital markets research in accounting," by S. P. Kothari. Journal of Accounting and Economics 31: 233-253.
    • (2001) Journal of Accounting and Economics , vol.31 , pp. 233-253
    • Lee, C.M.C.1
  • 24
    • 0000023612 scopus 로고
    • On the usefulness of earnings and earnings research: Lessons and directions from two decades of empirical research
    • Lev, B. 1989. On the usefulness of earnings and earnings research: Lessons and directions from two decades of empirical research. Journal of Accounting Research (Supplement): 153-192.
    • (1989) Journal of Accounting Research , Issue.SUPPL. , pp. 153-192
    • Lev, B.1
  • 26
    • 33751075696 scopus 로고    scopus 로고
    • Lease accounting research and the G4+1 proposal
    • September
    • Lipe, R. 2001. Lease accounting research and the G4+1 proposal. Accounting Horizons 15 (September): 299-310.
    • (2001) Accounting Horizons , vol.15 , pp. 299-310
    • Lipe, R.1
  • 27
    • 33745030430 scopus 로고    scopus 로고
    • Behavioral evidence on the effects of principles- and rules-based standards
    • March
    • Nelson, M. 2003. Behavioral evidence on the effects of principles- and rules-based standards. Accounting Horizons 17 (March): 91-104.
    • (2003) Accounting Horizons , vol.17 , pp. 91-104
    • Nelson, M.1
  • 28
    • 84984180909 scopus 로고
    • Earnings, book values, and dividends in equity valuation
    • Ohlson, J. 1995. Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research 11: 661-688.
    • (1995) Contemporary Accounting Research , vol.11 , pp. 661-688
    • Ohlson, J.1
  • 29
    • 0142126592 scopus 로고    scopus 로고
    • Third edition. Toronto, Ontario: Prentice Hall
    • Scott, W. 2003. Financial Accounting Theory. Third edition. Toronto, Ontario: Prentice Hall.
    • (2003) Financial Accounting Theory
    • Scott, W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.