Gil Sadka

University of Texas at Dallas

Associate Professor

2601 North Floyd Road

Richardson, TX 75083

United States

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 3,800

SSRN RANKINGS

Top 3,800

in Total Papers Downloads

20,131

TOTAL CITATIONS
Rank 2,839

SSRN RANKINGS

Top 2,839

in Total Papers Citations

321

Scholarly Papers (31)

1.
Downloads 2,116 (15,744)
Citation 58

Liquidity and the Post-Earnings-Announcement Drift

AFA 2008 New Orleans Meetings Paper
Number of pages: 35 Posted: 20 Mar 2007 Last Revised: 24 Aug 2011
Emory University - Department of Finance, Boston College - Carroll School of Management, University of Lausanne, University of Texas at Dallas and London Business School
Downloads 1,657 (22,675)
Citation 58

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G11, G12, C11

Liquidity and the Post-Earnings-Announcement Drift

Financial Analysts Journal, Forthcoming
Number of pages: 36 Posted: 18 May 2009
Emory University - Department of Finance, University of Lausanne, University of Texas at Dallas, Boston College - Carroll School of Management and London Business School
Downloads 459 (130,674)

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Research Sources, Equity Investments, Technical Analysis, Investment Theory, Efficient Market Theory, Portfolio Management, Equity Strategies

Liquidity and the Post-Earnings-Announcement Drift

Financial Analysts Journal, Vol. 65, No. 4, 2009
Posted: 09 Aug 2009
Emory University - Department of Finance, University of Lausanne, University of Texas at Dallas, Boston College - Carroll School of Management and London Business School

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Equity Investments, Research Sources, Investment Theory, Efficient Market Theory, Portfolio Management, Equity Strategies

Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism

Number of pages: 54 Posted: 08 May 2007
Ray Ball, Gil Sadka and Ashok Robin
University of Chicago - Booth School of Business, University of Texas at Dallas and Rochester Institute of Technology (RIT)
Downloads 1,449 (27,764)
Citation 92

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reporting quality, association studies, conservatism, timeliness, international

Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism

Review of Accounting Studies, Forthcoming
Number of pages: 64 Posted: 10 Dec 2007 Last Revised: 24 Aug 2011
Ray Ball, Gil Sadka and Ashok Robin
University of Chicago - Booth School of Business, University of Texas at Dallas and Rochester Institute of Technology (RIT)
Downloads 647 (85,193)
Citation 4

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reporting quality, association studies, conservatism, timeliness, international

3.

Exploring the Auditor’s Role in Internal Control Misreporting:

Evidence from PCAOB Data

Number of pages: 60 Posted: 18 Sep 2016 Last Revised: 13 Feb 2025
Pennsylvania State University - Smeal College of Business, University of Arizona, Eller College of Management and University of Texas at Dallas
Downloads 1,969 (17,656)
Citation 3

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Internal Controls, Auditing, Material Weakness, Restatements, Audit Deficiencies, Detection Failure, Disclosure Failure

4.
Downloads 1,562 (25,217)
Citation 47

Aggregate Earnings and Asset Prices

Journal of Accounting Research, Vol. 47, No. 5, 2009
Number of pages: 40 Posted: 20 Mar 2007 Last Revised: 24 Aug 2011
Ray Ball, Gil Sadka and Ronnie Sadka
University of Chicago - Booth School of Business, University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 1,422 (28,548)
Citation 2

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Aggregate earnings, aggregate returns, excess volatility, anomalies

Aggregate Earnings and Asset Prices

Columbia Business School Research Paper
Number of pages: 41 Posted: 24 Aug 2011 Last Revised: 30 Aug 2011
Ray Ball, Gil Sadka and Ronnie Sadka
University of Chicago - Booth School of Business, University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 140 (432,410)
Citation 45

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Earnings factors, aggregate returns, SUE, market-to-book, systematic risk, cash-flow news, asset pricing

5.

Aggregate Earnings and Why They Matter

Journal of Accounting Literature, Forthcoming
Number of pages: 53 Posted: 19 Dec 2014 Last Revised: 08 Jan 2015
Ray Ball and Gil Sadka
University of Chicago - Booth School of Business and University of Texas at Dallas
Downloads 1,228 (35,961)
Citation 10

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Aggregate Earnings, Aggregate Returns, Asset Pricing, Earnings-Returns Relation

Downloads 1,196 (36,783)
Citation 25

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Accounting Fraud, Corporate Governance

The Economic Consequences of Accounting Fraud in Product Markets: Theory and a Case from the Us Telecommunications Industry (Worldcom)

American Law and Economics Review, Vol. 8, No. 3, pp. 439-475, 2006
Posted: 08 Feb 2007 Last Revised: 24 Aug 2011
Gil Sadka
University of Texas at Dallas

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Accounting Fraud, Corporate Governance

7.

What Determines the Aggregate Dividend-Price Ratio? Earnings Versus Dividends

Number of pages: 33 Posted: 20 Jul 2004
Gil Sadka
University of Texas at Dallas
Downloads 1,073 (43,821)

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Accounting valuation, expected-return variation, profitability, equity premium, variance

8.
Downloads 970 (50,441)
Citation 7

Predictability and the Earnings-Returns Relation

Number of pages: 44 Posted: 05 Mar 2007 Last Revised: 24 Aug 2011
Gil Sadka and Ronnie Sadka
University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 873 (57,397)
Citation 5

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Valuation, profitability, predictability, asset pricing

Predictability and the Earnings-Returns Relation

Journal of Financial Economics, Vol. 94, No. 1, pp. 81-106, 2008
Number of pages: 44 Posted: 20 Oct 2011
Gil Sadka and Ronnie Sadka
University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 97 (574,010)
Citation 2

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Predictability and the Earnings-Returns Relation

Journal of Financial Economics, Forthcoming
Posted: 26 Nov 2008
Gil Sadka and Ronnie Sadka
University of Texas at Dallas and Boston College - Carroll School of Management

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Valuation, profitability, predictability, asset pricing

9.

The Post-Earnings-Announcement Drift and Liquidity Risk

Number of pages: 41 Posted: 19 Jan 2004
Gil Sadka and Ronnie Sadka
University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 910 (55,046)
Citation 7

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Post-Earnings-Announcement Drift, Liquidity Risk, Market Efficiency, Asset Pricing, SUE, Information Uncertainty

10.
Downloads 767 (69,385)
Citation 22

Earnings Dispersion and Aggregate Stock Returns

Number of pages: 37 Posted: 09 Jan 2009 Last Revised: 24 Aug 2011
Bjorn Jorgensen, Jing Li and Gil Sadka
Copenhagen Business School - Department of Accounting, The University of Hong Kong - Faculty of Business and Economics and University of Texas at Dallas
Downloads 529 (110,023)
Citation 4

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accounting valuation, earnings dispersion, expected-return variation, profitability

Earnings Dispersion and Aggregate Stock Returns

Number of pages: 37 Posted: 06 Apr 2009
Bjorn Jorgensen, LI JING and Gil Sadka
Copenhagen Business School - Department of Accounting, affiliation not provided to SSRN and University of Texas at Dallas
Downloads 238 (267,165)
Citation 18

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earnings dispersion, expected return variation, profitability

11.

Using Accounting Earnings and Aggregate Economic Indicators to Estimate Firm-level Systematic Risk

Review of Accounting Studies, forthcoming
Number of pages: 61 Posted: 29 May 2019 Last Revised: 13 Jan 2021
Ray Ball, Gil Sadka and Ayung Tseng
University of Chicago - Booth School of Business, University of Texas at Dallas and UC Davis, Graduate School of Management
Downloads 648 (86,146)
Citation 8

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asset pricing, earnings beta, demand, supply, systematic risk

12.

Bias and Efficiency: A Comparison of Analyst Forecasts and Management Forecasts

Number of pages: 33 Posted: 20 Nov 2012 Last Revised: 24 Feb 2013
Urooj Khan, Oded Rozenbaum and Gil Sadka
University of Texas at Austin - McCombs School of Business, George Washington University - School of Business and University of Texas at Dallas
Downloads 646 (86,496)

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management forecasts, analyst forecasts, forecast bias, market efficiency

13.

Illiquidity and Earnings Predictability

Columbia Business School Research Paper No. 11-1, Management Science, Forthcoming.
Number of pages: 45 Posted: 04 Mar 2011 Last Revised: 31 Oct 2018
Jon N. Kerr, Gil Sadka and Ronnie Sadka
Brigham Young University - School of Accountancy, University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 638 (87,931)

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stock prices, aggregate earnings, illiquidity, expected returns, expected earnings

14.

Earnings News, Expected Earnings and Aggregate Stock Returns

Journal of Financial Markets, Forthcoming
Number of pages: 49 Posted: 21 Dec 2011 Last Revised: 22 Jan 2024
Jung Ho Choi, Alon Kalay and Gil Sadka
Stanford Graduate School of Business, Michigan State University - Eli Broad College of Business and University of Texas at Dallas
Downloads 524 (112,690)
Citation 11

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Stock prices, Aggregate earnings, Discount rates, Expected returns, Expected Earnings

15.

Financial Reporting and Product Markets: Learning from Competitors

Number of pages: 34 Posted: 16 Jun 2004
Gil Sadka
University of Texas at Dallas
Downloads 512 (115,924)
Citation 10

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Proprietary costs, Information Spillovers

16.

Debt Covenants and Capital Structure: Evidence from an Exogenous Shock to Debt Capacity

Western Finance Association 2012 Annual Meeting
Number of pages: 55 Posted: 31 Aug 2011 Last Revised: 12 Jul 2012
Moshe Cohen, Sharon P. Katz and Gil Sadka
Columbia Business School, INSEAD and University of Texas at Dallas
Downloads 462 (131,140)

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Debt, covenants, financial constraints, leverage, investments, default

Industry sensitivity to external forces and the information advantage of analysts over managers

Contemporary Accounting Research, Forthcoming
Number of pages: 54 Posted: 22 Sep 2015 Last Revised: 03 Nov 2022
Ashiq Ali, Dan Amiram, Alon Kalay and Gil Sadka
University of Texas at Dallas - Naveen Jindal School of Management, Tel Aviv University - Coller School of Management, Michigan State University - Eli Broad College of Business and University of Texas at Dallas
Downloads 451 (133,506)
Citation 4

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Management earnings forecasts, analyst earnings forecasts, analysts’ industry expertise, analysts’ industry-level information advantage over managers, industry sensitivity risk

Industry Sensitivity to External Forces and the Information Advantage of Analysts Over Managers

Contemporary Accounting Research, Forthcoming
Posted: 09 Mar 2023
Ashiq Ali, Dan Amiram, Alon Kalay and Gil Sadka
University of Texas at Dallas - Naveen Jindal School of Management, Tel Aviv University - Coller School of Management, Michigan State University - Eli Broad College of Business and University of Texas at Dallas

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management earnings forecasts, analyst earnings forecasts, analysts’ industry expertise, analysts’ information advantage over managers, industry sensitivity risk

18.

The Rising Importance of Aggregate Earnings for Asset Prices

Georgetown McDonough School of Business Research Paper No. 4068891
Number of pages: 54 Posted: 08 Apr 2022 Last Revised: 13 Sep 2022
Gil Sadka, Ronnie Sadka and Ayung Tseng
University of Texas at Dallas, Boston College - Carroll School of Management and UC Davis, Graduate School of Management
Downloads 401 (154,735)

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firm-specific earnings, market-wide aggregate earnings, firm stock returns, earnings response coefficient, production network, input-output, earnings timeliness predictability

19.

Blockchain-Induced Supply Chain Transparency and Firm Performance: The Role of Capacity Utilization

Number of pages: 44 Posted: 06 Sep 2024 Last Revised: 19 Feb 2025
Hong Kong Baptist University (HKBU) – Department of Accountancy and Law, University of Texas at Dallas, National University of Singapore (NUS) and University of Texas at Dallas
Downloads 393 (158,250)

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Supply Chain, Smart Contracts, Capacity Utilization, Blockchain

20.

Judge Financial Holdings and Case Outcomes: Evidence from Judge Financial Disclosures

Number of pages: 55 Posted: 08 Nov 2022 Last Revised: 06 Jul 2024
University of Texas at Dallas, University of Texas at Dallas, University of Texas at Dallas and University of Texas at Dallas
Downloads 378 (165,323)
Citation 1

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JEL Classification: D63, D73, G11, G18, G38, K41 Judge, Stock Ownership, Litigation, Justice, Capital Markets, Disclosure

21.

Uncertainty and Sectoral Shifts: The Interaction between Firm-Level and Aggregate-Level Shocks, and Macroeconomic Activity

Columbia Business School Research Paper No. 16-23
Number of pages: 44 Posted: 28 Feb 2016 Last Revised: 19 Aug 2016
Alon Kalay, Suresh Nallareddy and Gil Sadka
Michigan State University - Eli Broad College of Business, University of Washington - Foster School of Business and University of Texas at Dallas
Downloads 366 (171,368)
Citation 10

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22.

The Inherent Conflict Between Progressive Tax Rates and Income Inequality: Lessons from COVID-19 Restrictions

Number of pages: 28 Posted: 22 Mar 2021 Last Revised: 29 Dec 2021
North Carolina State University - Department of Accounting, University of Kentucky - Von Allmen School of Accountancy and University of Texas at Dallas
Downloads 288 (221,667)
Citation 2

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COVID-19, Progressive Tax Rates, Income Inequality, State Tax Collections, Health Economics; Political Economy

23.

When Micro Firms Speak Macro: Evidence on Firms' Macroeconomic Disclosures

Number of pages: 62 Posted: 03 Dec 2024
RPC Consulting, Michigan State University - Eli Broad College of Business, University of Texas at Dallas and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 274 (233,218)

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24.

Management Forecasting Behavior Following Public News Events

Number of pages: 36 Posted: 03 Aug 2022
University of Texas at Dallas, Indian School of Business and Rice University
Downloads 160 (386,636)

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Voluntary disclosures, management forecasts

25.

Impact of ASC 606 on the Cost of Debt: Implications for Expanding the Use of Principles-Based Accounting Standards

Number of pages: 49 Posted: 18 Sep 2024
Kyungran Lee, ShinWoo Lee and Gil Sadka
Neoma Business School, Hong Kong Baptist University (HKBU) and University of Texas at Dallas
Downloads 103 (549,026)

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ASC 606, cost of debt, principles-based accounting standard, revenue/earnings uncertainty, debt contract

26.

State Contract Law and the Use of Accounting Information in Debt Contracts

Review of Accounting Studies, Volume 26, pp. 124-171, 2021
Posted: 10 Sep 2015 Last Revised: 20 Jun 2021
Stanford Law School, INSEAD, Kennesaw State University - Michael J. Coles College of Business and University of Texas at Dallas

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debt contracts, debt covenants, state contract law

27.

Industry Characteristics, Risk Premiums, and Debt Pricing

Accounting Review, Forthcoming
Posted: 13 Mar 2014 Last Revised: 07 Mar 2016
Dan Amiram, Alon Kalay and Gil Sadka
Tel Aviv University - Coller School of Management, Michigan State University - Eli Broad College of Business and University of Texas at Dallas

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Debt, Probability of Default, Loss Given Default, Industry Characteristics

28.

State Contract Law and Debt Contracts

Journal of Law and Economics, Vol. 57 (2014)
Posted: 23 Jun 2013 Last Revised: 20 May 2016
Stanford Law School, INSEAD and University of Texas at Dallas

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debt contracts, legal environment, corporate finance, law and economics

29.

Do Debt Covenants Constrain Borrowings Prior to Violation? Evidence from SFAS 160

The Accounting Review, Vol. 94, No. 2, pp. 133–156, March 2019
Posted: 12 Jul 2012 Last Revised: 25 Jul 2020
Columbia Business School, INSEAD, Kennesaw State University - Michael J. Coles College of Business and University of Texas at Dallas

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Debt, covenants, financial constraints, leverage, investments, default

30.

The Economic Consequences of Accounting Fraud in Product Markets: Theory and a Case from the U.S. Telecommunications Industry (Worldcom)

American Law and Economics Review, Vol. 8, Issue 3, pp. 439-475, 2006
Posted: 29 Feb 2008
Gil Sadka
University of Texas at Dallas

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31.

Understanding Stock Price Volatility: The Role of Earnings

Journal of Accounting Research, Vol. 48, No. 1, 2007
Posted: 07 Feb 2007
Gil Sadka
University of Texas at Dallas

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Accounting valuation, expected-return variation, profitability, equity premium, variance

Other Papers (1)

Total Downloads: 113
1.

Complementarity between Audited Financial Reporting and Voluntary Disclosure: The Case of Former Andersen Clients

Number of pages: 49 Posted: 28 Jun 2017 Last Revised: 12 Apr 2021
Washington University in Saint Louis - Olin Business School, Michigan State University - Eli Broad College of Business, University of Texas at Dallas and Harvard University - Business School (HBS)
Downloads 113

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