Do Stock Prices Fully Reflect the Implications of Special Items for Future Earnings

@inproceedings{Burgstahler2002DoSP,
  title={Do Stock Prices Fully Reflect the Implications of Special Items for Future Earnings},
  author={David Burgstahler and James Jiambalvo and Terry Shevlin},
  year={2002}
}
Previous research (Rendleman, Jones, and Latane [1987]; Freeman and Tse [1989]; Bernard and Thomas [1990]; and Ball and Bartov [1996]) indicates that security prices do not fully reflect predictable elements of the relation between current and future quarterly earnings. We investigate whether this finding also holds for the special items component of earnings. Given that special items are prominent in financial analysis and are assumed to have relatively straightforward implications for future… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 70 CITATIONS

New insights into equity valuation using multiples

VIEW 6 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

On Alternative Measures of Accruals

VIEW 4 EXCERPTS
CITES BACKGROUND & RESULTS
HIGHLY INFLUENCED

FILTER CITATIONS BY YEAR

2002
2019

CITATION STATISTICS

  • 20 Highly Influenced Citations