Discussion of the relation between incremental subsidiary earnings and future stock returns in Japan

Journal of Business Finance and Accounting

Volumn 28, Issue 9-10, 2001, Pages 1141-1148

  Pope, Peter F ^a  

^a LANCASTER UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 42449154412     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/1468-5957.00409     Document Type: Conference Paper

References (12)

1. Bernard, V. and J. Thomas (1989), 'Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? Journal of Accounting Research (Supplement), pp. 1-36.
2. - (1990), 'Evidence That Stock Prices Do Not Fully Reflect the Implications of Current Earnings for Future Earnings, Journal of Accounting and Economics, pp. 387-404.
3. - and J. Whalen (1997), 'Accounting-based Stock Price Anomalies: Separating Market Inefficiencies From Risk, Contemporary Accounting Research (Summer), pp. 89-136.
4. Brown, S.J. and P.F. Pope (1998), 'Post-Earnings Announcement Drift?' Lancaster University Working Paper.
5. - W.N. Goetzmann and S.A. Ross (1995), 'Survival', Journal of Finance, Vol. 50, pp. 853-74.
6. Foster, G., C. Olsen and T. Shevlin (1984), 'Earnings Releases, Anomalies, and the Behavior of Securities Returns', The Accounting Review, Vol. 59, pp. 574-603.
7. Herrman, D., T. Inoue and W.B. Thomas (2001), 'The Relation Between Incremental Subsidiary Earnings and Future Stock Returns in Japan, Journal of Business Finance & Accounting (this issue).
8. Mishkin, F. (1983), A Rational Expectations Approach to Macroeconomics: Testing Policy Effectiveness and Efficient Markets Models (Chicago, IL: University of Chicago Press for the National Bureau of Economic Research).
9. Ohlson, J.A. (1999), 'On Transitory Earnings', Review of Accounting Studies, Vol. 3/4.
10. Pope, P.F. and P. Wang (2001), 'The Relevance of Earnings Components in Valuation and Forecasting', Lancaster University Working Paper.
11. Sloan, R. (1996), 'Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings? The Accounting Review (July), pp. 289-315.
12. Stark, A. (1997), 'Linear Information Dynamics, Dividend Irrelevance, Corporate Valuation and the Clean Surplus Relationship', Accounting and Business Research, Vol. 27, pp. 219-28.