Reuven Lehavy

University of Michigan, Stephen M. Ross School of Business

701 Tappan Street

Ann Arbor, MI 48109

United States

  • University of Michigan, Stephen M. Ross School of Business

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    • Tel: 734-763-1508
    • Fax: 734-936-0282
SCHOLARLY PAPERS

26

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1,040

CROSSREF CITATIONS

366

Scholarly Papers (26)

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1.

Overnight Returns and Firm-Specific Investor Sentiment

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 39 Posted: 24 Jan 2015 Last Revised: 07 Apr 2020
David Aboody, Omri Even-Tov, Reuven Lehavy and Brett Trueman
University of California, Los Angeles (UCLA) - Accounting Area, Haas School of Business - UC Berkeley, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 3,682 (6,069)
Citation 47

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investor sentiment, firm-specific, earnings announcements, overnight returns, close-to-open returns

2.

Biased Forecasts or Biased Earnings? The Role of Reported Earnings in Explaining Apparent Bias and Over/Underreaction in Analysts' Earnings Forecasts

Downloads 3,462 ( 6,697)
Citation 114

Biased Forecasts or Biased Earnings? The Role of Reported Earnings in Explaining Apparent Bias and Over/Underreaction in Analysts' Earnings Forecasts

Number of pages: 52 Posted: 06 Jan 2004
Jeffery S. Abarbanell and Reuven Lehavy
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Michigan, Stephen M. Ross School of Business
Downloads 3,462 (6,575)
Citation 114

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Biased Forecasts or Biased Earnings? The Role of Reported Earnings in Explaining Apparent Bias and Over/Underreaction in Analysts' Earnings Forecasts

Posted: 07 Jan 2004
Jeffery S. Abarbanell and Reuven Lehavy
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Michigan, Stephen M. Ross School of Business

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3.

Can Investors Profit from the Prophets? Consensus Analyst Recommendations and Stock Returns

Number of pages: 47 Posted: 04 Nov 1998
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 3,015 (8,340)
Citation 57

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4.

Can Stock Recommendations Predict Earnings Management and Analysts' Earnings Forecast Errors?

Downloads 2,583 (10,652)
Citation 53

Can Stock Recommendations Predict Earnings Management and Analysts' Earnings Forecast Errors?

Number of pages: 40 Posted: 24 Jul 1999
Jeffery S. Abarbanell and Reuven Lehavy
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Michigan, Stephen M. Ross School of Business
Downloads 2,583 (10,460)
Citation 53

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Can Stock Recommendations Predict Earnings Management and Analysts' Earnings Forecast Errors?

Posted: 09 Dec 2002
Jeffery S. Abarbanell and Reuven Lehavy
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Michigan, Stephen M. Ross School of Business

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5.

Differences in Commercial Database Reported Earnings: Implications for Empirical Research

Number of pages: 51 Posted: 01 Nov 2000
Jeffery S. Abarbanell and Reuven Lehavy
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Michigan, Stephen M. Ross School of Business
Downloads 1,984 (16,171)
Citation 27

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6.

Using Expectations to Test Asset Pricing Models

Downloads 1,847 (18,187)
Citation 83

Using Expectations to Test Asset Pricing Models

Number of pages: 46 Posted: 09 Jan 2003
Alon Brav, Reuven Lehavy and Roni Michaely
Duke University - Fuqua School of Business, University of Michigan, Stephen M. Ross School of Business and The University of Hong Kong
Downloads 1,753 (19,340)
Citation 37

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Using Expectations to Test Asset Pricing Models

Financial Management, Vol. 34, No. 3, Autumn 2005
Number of pages: 34 Posted: 22 Aug 2005
Alon Brav, Reuven Lehavy and Roni Michaely
Duke University - Fuqua School of Business, University of Michigan, Stephen M. Ross School of Business and The University of Hong Kong
Downloads 94 (537,017)
Citation 14

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7.

Prophets and Losses: Reassessing the Returns to Analysts' Stock Recommendations

Number of pages: 19 Posted: 18 May 2001
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,816 (18,642)
Citation 15

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8.

Limited Attention and the Earnings Announcement Returns of Past Stock Market Winners

Number of pages: 43 Posted: 05 May 2008 Last Revised: 09 Nov 2008
David Aboody, Reuven Lehavy and Brett Trueman
University of California, Los Angeles (UCLA) - Accounting Area, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,694 (20,774)
Citation 38

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earnings announcement, anomaly, limited attention, return

9.

Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach

Ross School of Business Paper No. 1229
Number of pages: 51 Posted: 16 Mar 2014 Last Revised: 10 Nov 2016
Allen H. Huang, Reuven Lehavy, Amy Zang and Rong Zheng
Hong Kong University of Science and Technology - Department of Accounting, University of Michigan, Stephen M. Ross School of Business, Hong Kong University of Science and Technology - Department of Accounting and Hong Kong University of Science and Technology - Business School - Department of Information Systems, Business Statistics and Operations Management
Downloads 1,640 (21,836)
Citation 49

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Financial Analysts; Conference Calls; Information Content; Textual Analysis; Topic Modeling

10.

Comparing the Stock Recommendation Performance of Investment Banks and Independent Research Firms

Downloads 1,581 (23,087)

Comparing the Stock Recommendation Performance of Investment Banks and Independent Research Firms

Number of pages: 43 Posted: 04 Aug 2004
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,581 (22,681)
Citation 80

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Analyst, recommendation, investment bank, broker, independent research, Global Analyst Research Settlement, accounting, stock recommendation performance, independent research firms

Comparing the Stock Recommendation Performance of Investment Banks and Independent Research Firms

Journal of Financial Economics, Forthcoming
Posted: 15 Dec 2005
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management

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Analyst, recommendation, investment bank, independent research, Global Research Analyst Settlement

11.

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Downloads 1,571 (23,219)
Citation 48

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Number of pages: 52 Posted: 06 Feb 2004
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,209 (33,715)
Citation 5

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Analyst, investment bank, broker, stock ratings, recommendations, NASD 2711

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Number of pages: 52 Posted: 17 May 2006
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 362 (159,758)
Citation 28

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accounting, investment banks, stock ratings, profitability

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 01 Mar 2006
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management

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Analyst, investment bank, broker, stock ratings, recommendations, NASD 2711

12.

Investor Recognition and Stock Returns

Ross School of Business Paper No. 1021
Number of pages: 44 Posted: 12 Oct 2005
Reuven Lehavy and Richard G. Sloan
University of Michigan, Stephen M. Ross School of Business and University of Southern California - Leventhal School of Accounting
Downloads 1,549 (23,822)
Citation 50

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Investor Recognition, Stock Returns, Asset Pricing

13.

The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts

The Accounting Review, Vol. 86, No. 3, 2011
Number of pages: 48 Posted: 24 Sep 2009 Last Revised: 05 Mar 2012
Reuven Lehavy, Feng Li and Kenneth J. Merkley
University of Michigan, Stephen M. Ross School of Business, Shanghai Advanced Institute of Finance, Shanghai Jiaotong University and Indiana University - Kelley School of Business
Downloads 1,471 (25,712)
Citation 53

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analyst coverage, analyst's forecasts, disclosure, annual report readability

14.

The Quality of Analysts' Cash Flow Forecasts

Downloads 1,272 (31,853)
Citation 53

The Quality of Analysts' Cash Flow Forecasts

Number of pages: 49 Posted: 12 May 2008
Dan Givoly, Carla Hayn and Reuven Lehavy
Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management and University of Michigan, Stephen M. Ross School of Business
Downloads 727 (68,241)
Citation 1

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The Quality of Analysts' Cash Flow Forecasts

Accounting Review, Forthcoming
Number of pages: 53 Posted: 21 Jun 2009
Dan Givoly, Carla Hayn and Reuven Lehavy
Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management and University of Michigan, Stephen M. Ross School of Business
Downloads 545 (98,641)
Citation 18

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15.

An Empirical Analysis of Analysts' Target Prices: Short Term Informativeness and Long Term Dynamics

Downloads 1,242 (32,959)
Citation 71

An Empirical Analysis of Analysts' Target Prices: Short Term Informativeness and Long Term Dynamics

Number of pages: 54 Posted: 15 Apr 2001
Alon Brav and Reuven Lehavy
Duke University - Fuqua School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,242 (32,413)
Citation 71

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An Empirical Analysis of Analysts' Target Prices: Short-Term Informativeness and Long-Term Dynamics

Posted: 08 Aug 2002
Alon Brav and Reuven Lehavy
Duke University - Fuqua School of Business and University of Michigan, Stephen M. Ross School of Business

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16.

The Earnings Announcement Premium Around the Globe

Number of pages: 49 Posted: 26 Jun 2011 Last Revised: 31 May 2012
Brad M. Barber, Emmanuel T. De George, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Miami - Department of Accounting, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 936 (49,325)
Citation 45

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earnings announcement premium, international, attention

17.

Ratings Changes, Ratings Levels, and the Predictive Value of Analysts' Recommendations

Financial Management, Forthcoming
Number of pages: 37 Posted: 24 Dec 2007 Last Revised: 18 Sep 2009
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 917 (50,697)
Citation 11

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analysts, ratings, recommendations, changes, levels, returns

18.

Brokerage Houses and Their Stock Recommendations: Does Superior Performance Persist?

Number of pages: 41 Posted: 04 Nov 1999
Brad M. Barber, Reuven Lehavy and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 867 (54,790)
Citation 2

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19.

A Contextual Analysis of the Impact of Managerial Expectations on Asymmetric Cost Behavior

Downloads 746 (67,004)
Citation 17

A Contextual Analysis of the Impact of Managerial Expectations on Asymmetric Cost Behavior

Review of Accounting Studies, Forthcoming
Number of pages: 44 Posted: 01 Nov 2015 Last Revised: 01 Apr 2019
Jason V. Chen, Itay Kama and Reuven Lehavy
University of Illinois at Chicago, University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 616 (84,369)
Citation 6

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cost asymmetry, cost stickiness, cost anti-stickiness, forward looking statements, managerial expectations, managerial decisions, adjustment costs, unused resources

A Contextual Analysis of the Impact of Managerial Expectations on Asymmetric Cost Behavior

Review of Accounting Studies, Forthcoming
Number of pages: 44 Posted: 18 Apr 2019
Jason V. Chen, Itay Kama and Reuven Lehavy
University of Illinois at Chicago, University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 130 (422,326)
Citation 15

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cost asymmetry, cost stickiness, cost anti-stickiness, forward-looking statements, managerial expectations, managerial decisions, adjustment costs, unused resources

20.

New Product Announcements, Innovation Disclosure, and Future Firm Performance

The Review of Accounting Studies
Number of pages: 47 Posted: 23 Mar 2020 Last Revised: 27 Nov 2023
Jenny Chu, Yuan He, Kai Wai Hui and Reuven Lehavy
University of Cambridge - Judge Business School, Xiamen University, University of Hong Kong and University of Michigan, Stephen M. Ross School of Business
Downloads 632 (82,749)
Citation 3

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new product announcements; innovation; voluntary disclosure; incentives; performance; qualitative, narrative disclosure.

21.

Analysts’ Cash Flow Forecasts are Not Sophisticated: a Rebuttal of Call, Chen and Tong (2013)

Downloads 459 (122,767)
Citation 3

Analysts’ Cash Flow Forecasts are Not Sophisticated: a Rebuttal of Call, Chen and Tong (2013)

Number of pages: 8 Posted: 24 Jul 2013
Dan Givoly, Carla Hayn and Reuven Lehavy
Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management and University of Michigan, Stephen M. Ross School of Business
Downloads 335 (173,815)
Citation 4

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analysts, cash flow forecasts, sophistication

Analysts’ Cash Flow Forecasts are Not Sophisticated: a Rebuttal of Call, Chen and Tong (2013)

Number of pages: 8 Posted: 24 Jul 2013
Dan Givoly, Carla Hayn and Reuven Lehavy
Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management and University of Michigan, Stephen M. Ross School of Business
Downloads 124 (438,206)
Citation 4

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analysts, cash flow forecasts, sophistication

22.

The Managerial Perception of Uncertainty and Cost Elasticity

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 48 Posted: 17 Jun 2020 Last Revised: 24 May 2023
Jason V. Chen, Itay Kama and Reuven Lehavy
University of Illinois at Chicago, University of Michigan, Stephen M. Ross School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 354 (165,021)
Citation 4

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uncertainty, volume, unit contribution margin, price, cost elasticity, demand, forward-looking statements, textual analysis

23.

Reassessing the Returns to Analysts' Stock Recommendations

Financial Analysts Journal, Vol. 59, No. 2, March/April 2003
Posted: 20 May 2003
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management

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Equity Investments: fundamental analysis and valuation models

24.

Reporting Discretion and the Choice of Fresh Start Values in Companies Emerging from Chapter 11 Bankruptcy

Posted: 15 Oct 2002
Reuven Lehavy
University of Michigan, Stephen M. Ross School of Business

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25.

The Association between Firms' Values and Accounting Numbers after Adoption of Fresh Start Reporting

Posted: 15 Nov 1999
Reuven Lehavy
University of Michigan, Stephen M. Ross School of Business

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26.

Reliability of the Financial Statements Following the Adoption of Fresh Start Reporting

Posted: 23 Sep 1996
Reuven Lehavy
University of Michigan, Stephen M. Ross School of Business

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