4Bernard, Victor. Stock Price Reactions to Earnings Annoucements: A Summary of Recent Anomalous Evidence and Possible Explanations. In Advances in Behavioral Finance, 1993,303-340. New York: Russell Sage Foundation.
5Campbell, John y., Andrew W. Lo and A. Craig Mackinlay, The Econometrics of Financial Markets. 1997, Princeton University Press.
6Fama, Eugene, and Kenneth French, Common risk factors in the returns on stocks and bonds. Journal of Financial Economics ,1993, 33,3-56.
7Hansen, Robert S., and Atulya Sarin. Is Honesty the Best Policy? An Examination of Security Analysts'Forecast Behavior Around Seasoned Equity Offerings. Working paper, 1997, Virginia Polytechnic Institute, Blacksburg,Va.
8Kent L.Womack. Do Brokerage Analysts' Recommendations Have Investment Value?. Journal of Finance, 1996,L1(1),March,137-67.
9Pratt,Tom. Wall Street' s fourletter word. Investment Dealers Digest March, 1993,18-22.
10Rendleman, R.J., C.P.Jones, and H.A.Latane. Empirical Anomalies Based on Unexpected Earnings and the Importance of Risk Adjustment. Journal of Financial Economics,1982,10,269- 287.
