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Cited by 688

The DOI matches its Crossref record; 43 of the 43 references it cites were found in a registry or an index.

Price and return models

Open access
Kothari, S.P., Zimmerman, Jerold L.·1995·Journal of Accounting and Economics
DOI 10.1016/0165-4101(95)00399-4
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Abstract

Return models (returns regressed on scaled earnings variables) are commonly preferred to price models (stock price regressed on earnings per share). We provide a framework for choosing between these models. An economically intuitive rationale suggests that price models are better specified in that the estimated slope coefficients from price models, but not return models, are unbiased. Our empirical results confirm that price models' earnings response coefficients are less biased. However, return models have less serious econometric problems than price models. In some research contexts the combined use of both price and return models may be useful.

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Metadata

Authors
Kothari, S. P., & Zimmerman, J. L.
Venue
Journal of Accounting and Economics
Publisher
Elsevier BV
Published
1995-09
Volume
20
Issue
2
Pages
155-192
ISSN
0165-4101 (ISSN-L)
DOI
10.1016/0165-4101(95)00399-4
OpenAlex
W1978206521
Cited by
688
References
43
FWCI
17.08
Type
journal article
Language
en
Open access
hybrid

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CoChat. (2026). Citation check: Price and return models. https://app.cochat.ai/papers/10.1016/0165-4101(95)00399-4
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Kothari, S. P., & Zimmerman, J. L. (1995). Price and return models. Journal of Accounting and Economics. https://doi.org/10.1016/0165-4101(95)00399-4

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.