User profiles for J. Livnat
Joshua LivnatProfessor Emeritus Stern School of Business New York University Verified email at stern.nyu.edu Cited by 8688 |
Comparing the post–earnings announcement drift for surprises calculated from analyst and time series forecasts
J Livnat, RR Mendenhall - Journal of accounting research, 2006 - Wiley Online Library
… 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 …
t (Compustat item No. 19), and Pjt is the price per share for firm j at the end of quarter t from …
Management's tone change, post earnings announcement drift and accruals
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 …
Forms 10-Q and 10-K has incremental information content beyond financial measures such as …
Diversification strategies, business cycles and economic performance
… 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 …
another, we get different diversification measures for each year. The above computations are …
The incremental information content of cash-flow components
… 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- …
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- …
Revenue surprises and stock returns
N Jegadeesh, J Livnat - Journal of Accounting and Economics, 2006 - Elsevier
… 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 , …
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 , …
Diversification and the risk-return trade-off
… : 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 …
It weights each share, s j by the logarithm of 1/s j , thereby giving proportionally less weight …
Differential market reactions to revenue and expense surprises
This study investigates investors' reactions to revenue and expense surprises around
preliminary earnings announcements. Results show that investors value more highly a dollar of …
preliminary earnings announcements. Results show that investors value more highly a dollar of …
The impact of earnings on the pricing of credit default swaps
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, …
market using levels, changes, and event study analyses. We find that earnings (cash flows, …
The new Form 8-K disclosures
… 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 …
for firm i filing j is designated as: … day d obtained from CRSP; and RFF j,d is the Fama–French …
Diversification, capital structure, and systematic risk: An empirical investigation
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 …
diversification strategies on the capital structure of firms and on the systematic risk. It documents …