… where Xjt is primary Earnings Per Share (EPS) before extraordinary items for firm j in quarter
t (Compustat item No. 19), and Pjt is the price per share for firm j at the end of quarter t from …

This study explores whether the management discussion and analysis (MD&A) section of
Forms 10-Q and 10-K has incremental information content beyond financial measures such as …

… Since the percentage of consolidated income made by segment j changes from one year to
another, we get different diversification measures for each year. The above computations are …

… j, expressed as (CFj, k - CFjt_tk)/MI~j,_I, where CFjt k is the level of the cash-flow component
k for finn j in year t and MVj,_ 1 is market value of finn j's … abnormal return for finn j in year t- …

… Author links open overlay panel Narasimhan Jegadeesh a b , Joshua Livnat c … i , j be the
ijth element of V A . The estimator for V A in this section is υ i , j = ∑ n = 1 N ( A n - AR ) 2 ∀ i = j , …

… : l-(Σ j s j 2 )/(Σ j s j ) 2 , where s j is the share of a firm's total sales to the j th SIC industry group…
It weights each share, s j by the logarithm of 1/s j , thereby giving proportionally less weight …

This study investigates investors' reactions to revenue and expense surprises around
preliminary earnings announcements. Results show that investors value more highly a dollar of …

This study evaluates the impact of earnings on credit risk in the Credit Default Swap (CDS)
market using levels, changes, and event study analyses. We find that earnings (cash flows, …

… Thus, we designate the abnormal volume for firm i filing j as: … Thus, the abnormal volatility
for firm i filing j is designated as: … day d obtained from CRSP; and RFF j,d is the Fama–French …

This study uses theoretical considerations to empirically examine the effects of various
diversification strategies on the capital structure of firms and on the systematic risk. It documents …