Reuven Lehavy

University of Michigan, Stephen M. Ross School of Business

701 Tappan Street

Ann Arbor, MI 48109

United States

SCHOLARLY PAPERS

26

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31,322

SSRN CITATIONS
Rank 1,259

SSRN RANKINGS

Top 1,259

in Total Papers Citations

529

CROSSREF CITATIONS

447

Scholarly Papers (26)

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 3,322 (4,001)
Citation 89

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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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2.

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
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 2,819 (5,436)
Citation 6

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

3.

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 2,780 (5,559)
Citation 57

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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 2,474 (6,605)
Citation 40

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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 1,904 (10,306)
Citation 27

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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 1,761 (11,690)
Citation 15

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7.
Downloads 1,740 ( 11,907)
Citation 72

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 1,669 (12,497)
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 71 (399,636)
Citation 5
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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 1,523 (14,429)
Citation 59

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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

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 1,160 (21,890)
Citation 6

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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
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 325 (113,981)
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
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

10.

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 1,482 (15,359)
Citation 21

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Investor Recognition, Stock Returns, Asset Pricing

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 1,422 (16,404)
Citation 12

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earnings announcement, anomaly, limited attention, return

12.

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 1,378 (17,220)
Citation 49

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

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 - Department of Accounting
Downloads 1,177 (21,815)
Citation 53

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

14.
Downloads 1,136 ( 22,980)
Citation 47

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 680 (46,435)
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 456 (77,116)
Citation 11

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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 1,064 (24,859)
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.

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 843 (35,150)
Citation 11

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analysts, ratings, recommendations, changes, levels, returns

17.

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 831 (35,805)
Citation 2

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18.

The Earnings Announcement Premium Around the Globe

Number of pages: 49 Posted: 26 Jun 2011 Last Revised: 31 May 2012
University of California, Davis, University of Miami, University of Michigan, Stephen M. Ross School of Business and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 819 (36,536)
Citation 45

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earnings announcement premium, international, attention

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 540 (62,503)
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 86 (356,767)
Citation 2

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

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 292 (127,830)
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 99 (325,987)
Citation 4

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analysts, cash flow forecasts, sophistication

21.

New Product Announcements, Innovation Disclosure, and Future Firm Performance

Number of pages: 58 Posted: 23 Mar 2020 Last Revised: 18 May 2021
Jenny Chu, Yuan He, Kai Wai Hui and Reuven Lehavy
University of Cambridge - Judge Business School, The University of Hong Kong - Faculty of Business and Economics, The University of Hong Kong (HKU) - Department of Accounting and University of Michigan, Stephen M. Ross School of Business
Downloads 240 (156,696)
Citation 2

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new product announcements; innovation; corporate disclosure; managerial incentives; earnings performance; qualitative disclosure; narrative disclosure

22.

The Managerial Perception of Uncertainty and Cost Behavior

Number of pages: 42 Posted: 17 Jun 2020
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 105 (311,283)

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uncertainty, demand, volume, price, cost elasticity, cost asymmetry, 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
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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