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Post-Earnings-Announcement Drift: Expected Growth Risk or Limits-to-Arbitrage?
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Outgoing claims: the papers this work cites, builds on, or argues with.
inferredcites →https://doi.org/10.1007/s11142-009-9112-9openalex-snapshot
Inflation, earnings forecasts, and post-earnings announcement drift
inferredcites →https://doi.org/10.1016/0165-4101(90)90008-ropenalex-snapshot
Evidence that stock prices do not fully reflect the implications of current earnings for future earnings
inferredcites →https://doi.org/10.1016/0165-4101(94)90018-3openalex-snapshot
An informational efficiency perspective on the post-earnings announcement drift
inferredcites →https://doi.org/10.1016/0304-405x(93)90023-5openalex-snapshot
Common risk factors in the returns on stocks and bonds
inferredcites →https://doi.org/10.1016/j.jacceco.2004.02.002openalex-snapshot
Do institutional investors exploit the post-earnings announcement drift?
inferredcites →https://doi.org/10.1016/j.jacceco.2005.10.003openalex-snapshot
Revenue surprises and stock returns
inferredcites →https://doi.org/10.1016/j.jacceco.2006.04.004openalex-snapshot
Why is the accrual anomaly not arbitraged away? The role of idiosyncratic risk and transaction costs
inferredcites →https://doi.org/10.1016/j.jacceco.2007.07.001openalex-snapshot
Are accruals mispriced? Evidence from tests of an Intertemporal Capital Asset Pricing Model
inferredcites →https://doi.org/10.1016/j.jfi.2009.06.003openalex-snapshot
Costly arbitrage and idiosyncratic risk: Evidence from short sellers
inferredcites →https://doi.org/10.1016/j.jfineco.2005.04.005openalex-snapshot
Momentum and post-earnings-announcement drift anomalies: The role of liquidity risk
inferredcites →https://doi.org/10.1016/j.jfineco.2005.05.005openalex-snapshot
Earnings and price momentum
inferredcites →https://doi.org/10.1016/j.jfineco.2011.02.002openalex-snapshot
Real investment and risk dynamics
inferredcites →https://doi.org/10.1016/j.jfineco.2011.03.024openalex-snapshot
Limits-to-arbitrage, investment frictions, and the asset growth anomaly
inferredcites →https://doi.org/10.1016/j.jfineco.2014.10.010openalex-snapshot
A five-factor asset pricing model
inferredcites →https://doi.org/10.1016/s0165-4101(01)00030-1openalex-snapshot
Capital markets research in accounting
inferredcites →https://doi.org/10.1016/s0165-4101(02)00099-xopenalex-snapshot
The effect of experience on security analyst underreaction
inferredcites →https://doi.org/10.1016/s0304-405x(02)00206-4openalex-snapshot
The market for borrowing stock
inferredcites →https://doi.org/10.1016/s0304-405x(02)00223-4openalex-snapshot
Breadth of ownership and stock returns
inferredcites →https://doi.org/10.1016/s0304-405x(03)00116-8openalex-snapshot
Arbitrage risk and the book-to-market anomaly
inferredcites →https://doi.org/10.1016/s0304-405x(99)00042-2openalex-snapshot
The impact of cash flow volatility on discretionary investment and the costs of debt and equity financing
inferredcites →https://doi.org/10.1016/s1386-4181(01)00024-6openalex-snapshot
Illiquidity and stock returns: cross-section and time-series effects
inferredcites →https://doi.org/10.1017/s0022109010000293openalex-snapshot
Arbitrage Risk and Stock Mispricing
inferredcites →https://doi.org/10.1017/s0022109014000131openalex-snapshot
Interest Rate Risk and the Cross Section of Stock Returns
inferredcites →https://doi.org/10.1017/s002210901700028xopenalex-snapshot
Short-Term Interest Rates and Stock Market Anomalies
inferredcites →https://doi.org/10.1086/260061openalex-snapshot
Risk, Return, and Equilibrium: Empirical Tests
inferredcites →https://doi.org/10.1086/341636openalex-snapshot
Does Arbitrage Flatten Demand Curves for Stocks?
inferredcites →https://doi.org/10.1086/422627openalex-snapshot
Arbitrage Risk and Post‐Earnings‐Announcement Drift
inferredcites →https://doi.org/10.1093/rfs/1.1.3openalex-snapshot
A Theory of Intraday Patterns: Volume and Price Variability
inferredcites →https://doi.org/10.1093/rfs/5.1.1openalex-snapshot
On the Estimation of Beta-Pricing Models
inferredcites →https://doi.org/10.1093/rfs/hhn090openalex-snapshot
Momentum Profits, Factor Pricing, and Macroeconomic Risk
inferredcites →https://doi.org/10.1093/rfs/hhu068openalex-snapshot
Digesting Anomalies: An Investment Approach
inferredcites →https://doi.org/10.1111/0022-1082.00206openalex-snapshot
Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies
inferredcites →https://doi.org/10.1111/0022-1082.00259openalex-snapshot
Presidential Address: Friction
inferredcites →https://doi.org/10.1111/0022-1082.00490openalex-snapshot
Differences of Opinion and the Cross Section of Stock Returns
inferredcites →https://doi.org/10.1111/1911-3846.12310openalex-snapshot
Accounting Quality, Liquidity Risk, and Post‐Earnings‐Announcement Drift
inferredcites →https://doi.org/10.1111/j.1468-5957.2007.02030.xopenalex-snapshot
Information Uncertainty and Post‐Earnings‐Announcement‐Drift
inferredcites →https://doi.org/10.1111/j.1475-679x.2005.00181.xopenalex-snapshot
Inflation Illusion and Post-Earnings-Announcement Drift
inferredcites →https://doi.org/10.1111/j.1475-679x.2006.00193.xopenalex-snapshot
Volume, Opinion Divergence, and Returns: A Study of Post-Earnings Announcement Drift
inferredcites →https://doi.org/10.1111/j.1475-679x.2008.00290.xopenalex-snapshot
Implications of Transaction Costs for the Post–Earnings Announcement Drift
inferredcites →https://doi.org/10.1111/j.1540-6261.1985.tb04951.xopenalex-snapshot
Divergence of Opinion in Complete Markets: A Note
inferredcites →https://doi.org/10.1111/j.1540-6261.1997.tb03807.xopenalex-snapshot
The Limits of Arbitrage
inferredcites →https://doi.org/10.1111/j.1540-6261.1997.tb03808.xopenalex-snapshot
On Persistence in Mutual Fund Performance
inferredcites →https://doi.org/10.1111/j.1540-6261.2004.00678.xopenalex-snapshot
Estimation and Test of a Simple Model of Intertemporal Capital Asset Pricing
inferredcites →https://doi.org/10.1111/j.1540-6261.2006.00831.xopenalex-snapshot
Information Uncertainty and Stock Returns
inferredcites →https://doi.org/10.1111/j.1540-6261.2006.00848.xopenalex-snapshot
A Consumption‐Based Explanation of Expected Stock Returns
inferredcites →https://doi.org/10.1111/j.1540-6261.2007.01253.xopenalex-snapshot
Lazy Investors, Discretionary Consumption, and the Cross‐Section of Stock Returns
inferredcites →https://doi.org/10.1111/j.1540-6261.2010.01629.xopenalex-snapshot
Asset Pricing with Garbage
inferredcites →https://doi.org/10.2307/1913210openalex-snapshot
Continuous Auctions and Insider Trading
inferredcites →https://doi.org/10.2307/2490232openalex-snapshot
An Empirical Evaluation of Accounting Income Numbers
inferredcites →https://doi.org/10.2307/2491062openalex-snapshot
Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?
inferredcites →https://doi.org/10.2307/2946710openalex-snapshot
Costly Arbitrage: Evidence from Closed-End Funds
inferredcites →https://doi.org/10.2307/4126756openalex-snapshot
A Multifactor Explanation of Post-Earnings Announcement Drift
inferredcites →https://doi.org/10.2308/accr.2000.75.1.43openalex-snapshot
Investor Sophistication and Patterns in Stock Returns after Earnings Announcements
inferredcites →https://doi.org/10.2308/tar-4483133openalex-snapshot
Earnings Releases, Anomalies, and the Behavior of Security Returns.
inferredcites →https://doi.org/10.2308/tar-9312211785openalex-snapshot
Economic Determinants of the Relation Between Earnings Changes and Stock Returns.
inferredcites →https://doi.org/10.2308/tar-9603274120openalex-snapshot
A Test of the Extended Functional Fixation Hypothesis.
inferredcites →https://doi.org/10.2308/tar-9611271989openalex-snapshot
Corporate Disclosure Policy and Analyst Behavior.
inferredcites →https://doi.org/10.2469/faj.v62.n2.4081openalex-snapshot
Post-Earnings-Announcement Drift: The Role of Revenue Surprises
inferredcites →https://doi.org/10.2469/faj.v65.n4.3openalex-snapshot
Liquidity and the Post-Earnings-Announcement Drift
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