Reuven Lehavy

University of Michigan, Stephen M. Ross School of Business

701 Tappan Street

Ann Arbor, MI 48109

United States

SCHOLARLY PAPERS

24

DOWNLOADS
Rank 702

SSRN RANKINGS

Top 702

in Total Papers Downloads

26,234

CITATIONS
Rank 727

SSRN RANKINGS

Top 727

in Total Papers Citations

701

Scholarly Papers (24)

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

JAE Boston Conference October 2002
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 3,165 (2,418)
Citation 87

Abstract:

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

Journal of Accounting & Economics, Vol. 36, Nos. 1-3, pp. 105-146, December 2003
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

Abstract:

2.

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

Number of pages: 47 Posted: 04 Nov 1998
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 2,463 (3,644)
Citation 188

Abstract:

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 2,412 (3,909)
Citation 50

Abstract:

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

Journal of Accounting Research, March 2003
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

Abstract:

4.

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 1,723 (6,665)
Citation 17

Abstract:

5.
Downloads 1,694 ( 7,410)
Citation 50

Using Expectations to Test Asset Pricing Models

13th Annual Utah Winter Finance Conference
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 Johnson@Cornell Tech, Cornell University
Downloads 1,624 (7,805)
Citation 50

Abstract:

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 Johnson@Cornell Tech, Cornell University
Downloads 70 (279,156)
Citation 50

Abstract:

6.

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

Number of pages: 19 Posted: 18 May 2001
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 1,628 (7,492)
Citation 30

Abstract:

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 1,416 (9,706)
Citation 71

Abstract:

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

Abstract:

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

8.

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 California, Berkeley - Accounting Group
Downloads 1,403 (9,645)
Citation 30

Abstract:

Investor Recognition, Stock Returns, Asset Pricing

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
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 1,093 (14,633)
Citation 59

Abstract:

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
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 296 (83,186)
Citation 59

Abstract:

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
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

Abstract:

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

10.
Downloads 1,072 ( 15,404)
Citation 20

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 654 (31,034)
Citation 20

Abstract:

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 418 (55,465)
Citation 20

Abstract:

11.

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 1,030 (12,988)
Citation 6

Abstract:

earnings announcement, anomaly, limited attention, return

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 994 (16,888)
Citation 63

Abstract:

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

Forthcoming in Journal of Finance
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

Abstract:

13.

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 792 (23,612)
Citation 4

Abstract:

14.

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 Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 766 (19,413)
Citation 15

Abstract:

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

15.

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 729 (25,148)
Citation 8

Abstract:

analysts, ratings, recommendations, changes, levels, returns

16.

The Earnings Announcement Premium Around the Globe

Number of pages: 49 Posted: 26 Jun 2011 Last Revised: 31 May 2012
University of California, Davis, London Business School, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 566 (31,670)
Citation 4

Abstract:

earnings announcement premium, international, attention

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 238 (105,309)

Abstract:

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 92 (235,890)

Abstract:

analysts, cash flow forecasts, sophistication

18.

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 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 312 (20,779)

Abstract:

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

19.

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: 01 Feb 2017
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 180 (26,351)

Abstract:

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

20.

The Tone of Management Forward Looking Statements and Asymmetric Cost Behavior

Ross School of Business Paper No. 1292
Number of pages: 39 Posted: 01 Nov 2015 Last Revised: 06 Apr 2017
Jason V. Chen, Itay Kama and Reuven Lehavy
University of Illinois at Chicago, Tel Aviv University - The Leon Recanati Graduate School of Business Administration and University of Michigan, Stephen M. Ross School of Business
Downloads 0 (73,889)

Abstract:

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

21.

Reassessing the Returns to Analysts' Stock Recommendations

Financial Analysts Journal, Vol. 59, No. 2, March/April 2003
Posted: 20 May 2003
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

Abstract:

Equity Investments: fundamental analysis and valuation models

22.

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

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

Abstract:

23.

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

Journal of Accounting, Auditing, & Finance, Vol 14, No 3 (New Series) Summer 1999
Posted: 15 Nov 1999
Reuven Lehavy
University of Michigan, Stephen M. Ross School of Business

Abstract:

24.

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

Abstract: