Value investing: the use of historical financial statement information to separate winners from losers
Article Abstract:
The capability of a simple accounting-based analysis strategy to cater to a broad portfolio of high book to market firms that can shift the distribution of returns is examined. The study shows that a mean return earned by a high book to market investor can be increased by 7.5% annually through proper selection of book to market firms.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2000
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Confirming management earnings forecasts, earning uncertainty, and stock returns
Article Abstract:
Studies suggested that confirming management forecasts affect stock prices and the dispersion of analyst expectations. Market's reaction to confirming forecasts is significantly positive, which imparts benefits accrue to firms that disclose such forecasts.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2003
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Favorable versus unfavorable recommendations: the impact on analyst access to management-provided information
Article Abstract:
Concerns regarding information being differentially provided by managers to financial analysts, based on latters stock recommendations, are examined. Analysts relative forecast accuracy is also examined.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2006
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