Recent Research:

"Differential Market Reactions to Revenue and Expense Surprises", Y. Ertimur J. Livnat and M. Martikainen, Review of Accounting Studies.

"Earnings Guidance after Regulation FD", R. Feldman, R. Lazer and J. Livnat , Journal of Investing.

"The Economic Value of the R&D Intangible Asset", M. Ballester, M. Garcia-Ayuso, and J. Livnat, European Accounting Review.

"Post-Earnings-Announcement Drift: The Role of Revenue Surprises", N. Jegadeesh and J. Livnat, Forthcoming, Financial Analysts Journal.

"Quarterly Cash Flows, Accruals and Future Returns", J. Livnat and M. Santicchia, Forthcoming, Financial Analysts Journal.

"Revenue Surprises and Stock Returns", N. Jegadeesh and J. Livnat, Forthcoming, Journal of Accounting and Economics.

"
Comparing the Post-Earnings-Announcement Drift for Surprises Calculated From Analyst and Time Series Forecasts"
J. Livnat and R. R. Mendenhall, Fortcoming, Journal of Accounting Research.



Working papers:


Do Investors Fully Understand the Implications of the Persistence of Revenue and Expense Surprises for Future Prices?, N. Jegadeesh and J. Livnat

Restatements of Quarterly Earnings: Evidence on Earnings Quality and Market Reactions to the Originally Reported Earnings, J. Livnat and C. Tan

Restatements and Accruals after Auditor Changes, R. Lazer, J. Livnat and C. Tan

The Calculation of Earnings Per Share and Market Value of Equity: Should Common Stock Equivalents Be Included?
Livnat and Segal

Pension Plan Contributions, Free Cash Flows and Financial Slack
Ballester, Livnat and Fried

Quarterly Accruals or Cash Flows? Return Analysis
J. Livnat and G. López-Espinosa

The New Form 8-K Disclosures
A. Lerman and J. Livnat

The Incremental Information Content of Tone and Sentiment in Management Discussion and Analysis
Feldman, Govindaraj, Livnat, Segal

The Standard and Poors' Filing Date Database - Research Applications
J. Livnat