The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Earnings Management and Firm Performance Following Open‐Market Repurchases
Open accessAbstract
Both post‐repurchase abnormal returns and reported improvement in operating performance are driven, at least in part, by pre‐repurchase downward earnings management rather than genuine growth in profitability. The downward earnings management increases with both the percentage of the company that managers repurchase and CEO ownership. Pre‐repurchase abnormal accruals are also negatively associated with future performance, with the association driven mainly by those firms that report the largest income‐decreasing abnormal accruals. The study suggests that one reason firms experience post‐repurchase abnormal returns is that post‐repurchase realized earnings growth exceeds expectations formed on the basis of pre‐repurchase deflated earnings numbers.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Common risk factors in the returns on stocks and bonds
Fama, E. F., & French, K. R. (1993) · Journal of Financial Economics · doi:10.1016/0304-405x(93)90023-5 · Cited by 25,754
On Persistence in Mutual Fund Performance
Carhart, M. M. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb03808.x · Cited by 17,283
Towards a Positive Theory of the Determination of Accounting Standards.
Watts, R. L., & Zimmerman, J. L. (1978) · The Accounting Review · doi:10.2308/tar-4500569 · Cited by 2,667
Improved Methods for Tests of Long‐Run Abnormal Stock Returns
Lyon, J. D., Barber, B. M., & Tsai, C. (1999) · The Journal of Finance · doi:10.1111/0022-1082.00101 · Cited by 1,828
Cited by
Earnings quality at initial public offerings
Ball, R., & Shivakumar, L. (2008) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2007.12.001 · Cited by 666
Professors in the Boardroom and Their Impact on Corporate Governance and Firm Performance
Francis, B., Hasan, I., & Wu, Q. (2015) · Financial Management · doi:10.1111/fima.12069 · Cited by 328
Managers’ and Investors’ Responses to Media Exposure of Board Ineffectiveness
Joe, J. R., Louis, H., & Robinson, D. (2009) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109009990044 · Cited by 299
Self-citationThe Accrual Anomaly: Risk or Mispricing?
Hirshleifer, D., Hou, K., & Teoh, S. H. (2012) · Management Science · doi:10.1287/mnsc.1100.1289 · Cited by 258
Farre-Mensa, J., Michaely, R., & Schmalz, M. (2014) · Annual Review of Financial Economics · doi:10.1146/annurev-financial-110613-034259 · Cited by 224
Metadata
- Authors
- GONG, G., LOUIS, H., & SUN, A. X.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2008-04
- Volume
- 63
- Issue
- 2
- Pages
- 947-986
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3125049125
- Cited by
- 364
- References
- 4
- FWCI
- 78.98
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Earnings Management and Firm Performance Following Open‐Market Repurchases. https://app.cochat.ai/papers/10.1111/j.1540-6261.2008.01336.x
- The paper
- GONG, G., LOUIS, H., & SUN, A. X. (2008). Earnings Management and Firm Performance Following Open‐Market Repurchases. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2008.01336.x
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.
