Publication Information

{'id': 'https://openalex.org/W3123758172', 'doi': 'https://doi.org/10.2307/2329535', 'title': 'Expectations and the Cross-Section of Stock Returns', 'display_name': 'Expectations and the Cross-Section of Stock Returns', 'publication_year': 1996, 'publication_date': '1996-12-01', 'ids': {'openalex': 'https://openalex.org/W3123758172', 'doi': 'https://doi.org/10.2307/2329535', 'mag': '3123758172'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://doi.org/10.2307/2329535', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S5353659', 'display_name': 'The Journal of Finance', 'issn_l': '0022-1082', 'issn': ['0022-1082', '1540-6261'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310320595', 'host_organization_name': 'Wiley', 'host_organization_lineage': ['https://openalex.org/P4310320595'], 'host_organization_lineage_names': ['Wiley'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': ['crossref'], 'open_access': {'is_oa': False, 'oa_status': 'closed', 'oa_url': None, 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5112526522', 'display_name': 'Rafael La Porta', 'orcid': None}, 'institutions': [], 'countries': [], 'is_corresponding': True, 'raw_author_name': 'Rafael La Porta', 'raw_affiliation_strings': ["Harvard University. I thank Alberto Ades, Judith Chevalier, Kenneth Froot, Edward Glaeser, Gikas Hardouvelis, Steven Kaplan, Florencio López-de-Silanes, Patricia O'Brien, two anonymous referees, René Stulz, Thierry Wizman, and participants of the Chicago Finance Seminar for their helpful comments. I am deeply grateful to Andrei Shleifer for guidance and support and to Robert Vishny for many useful discussions. I gratefully acknowledge the contribution of I/B/E/S International Inc. for providing earnings forecast data, available through the Institutional Brokers Estimate System. This data has been provided as part of a broad academic program to encourage earnings expectations research. I thank Patricia Martin for editorial assistance."], 'affiliations': [{'raw_affiliation_string': "Harvard University. I thank Alberto Ades, Judith Chevalier, Kenneth Froot, Edward Glaeser, Gikas Hardouvelis, Steven Kaplan, Florencio López-de-Silanes, Patricia O'Brien, two anonymous referees, René Stulz, Thierry Wizman, and participants of the Chicago Finance Seminar for their helpful comments. I am deeply grateful to Andrei Shleifer for guidance and support and to Robert Vishny for many useful discussions. I gratefully acknowledge the contribution of I/B/E/S International Inc. for providing earnings forecast data, available through the Institutional Brokers Estimate System. This data has been provided as part of a broad academic program to encourage earnings expectations research. I thank Patricia Martin for editorial assistance.", 'institution_ids': []}]}], 'institution_assertions': [], 'countries_distinct_count': 0, 'institutions_distinct_count': 0, 'corresponding_author_ids': ['https://openalex.org/A5112526522'], 'corresponding_institution_ids': [], 'apc_list': {'value': 4020, 'currency': 'USD', 'value_usd': 4020, 'provenance': 'doaj'}, 'apc_paid': None, 'fwci': 2.275, 'has_fulltext': True, 'fulltext_origin': 'ngrams', 'cited_by_count': 251, 'citation_normalized_percentile': {'value': 0.965899, 'is_in_top_1_percent': False, 'is_in_top_10_percent': True}, 'cited_by_percentile_year': {'min': 98, 'max': 99}, 'biblio': {'volume': '51', 'issue': '5', 'first_page': '1715', 'last_page': '1715'}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T10047', 'display_name': 'Financial Markets and Investment Strategies', 'score': 0.9903, 'subfield': {'id': 'https://openalex.org/subfields/2003', 'display_name': 'Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T10047', 'display_name': 'Financial Markets and Investment Strategies', 'score': 0.9903, 'subfield': {'id': 'https://openalex.org/subfields/2003', 'display_name': 'Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T10081', 'display_name': 'Auditing, Earnings Management, Governance', 'score': 0.9835, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T12675', 'display_name': 'Financial Reporting and Valuation Research', 'score': 0.9727, 'subfield': {'id': 'https://openalex.org/subfields/1408', 'display_name': 'Strategy and Management'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/growth-stock', 'display_name': 'Growth stock', 'score': 0.75976264}, {'id': 'https://openalex.org/keywords/stock', 'display_name': 'Stock (firearms)', 'score': 0.63541}, {'id': 'https://openalex.org/keywords/value-premium', 'display_name': 'Value premium', 'score': 0.5028791}, {'id': 'https://openalex.org/keywords/earnings-growth', 'display_name': 'Earnings growth', 'score': 0.48422432}, {'id': 'https://openalex.org/keywords/value', 'display_name': 'Value (mathematics)', 'score': 0.44945705}], 'concepts': [{'id': 'https://openalex.org/C143591128', 'wikidata': 'https://www.wikidata.org/wiki/Q1746791', 'display_name': 'Growth stock', 'level': 5, 'score': 0.75976264}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.70332724}, {'id': 'https://openalex.org/C2781426361', 'wikidata': 'https://www.wikidata.org/wiki/Q5326940', 'display_name': 'Earnings', 'level': 2, 'score': 0.68561924}, {'id': 'https://openalex.org/C116168712', 'wikidata': 'https://www.wikidata.org/wiki/Q181201', 'display_name': 'Dividend', 'level': 2, 'score': 0.65509987}, {'id': 'https://openalex.org/C204036174', 'wikidata': 'https://www.wikidata.org/wiki/Q909380', 'display_name': 'Stock (firearms)', 'level': 2, 'score': 0.63541}, {'id': 'https://openalex.org/C163428354', 'wikidata': 'https://www.wikidata.org/wiki/Q1047513', 'display_name': 'Cash flow', 'level': 2, 'score': 0.5823813}, {'id': 'https://openalex.org/C2775933567', 'wikidata': 'https://www.wikidata.org/wiki/Q7912771', 'display_name': 'Value premium', 'level': 3, 'score': 0.5028791}, {'id': 'https://openalex.org/C2778392974', 'wikidata': 'https://www.wikidata.org/wiki/Q5326945', 'display_name': 'Earnings growth', 'level': 3, 'score': 0.48422432}, {'id': 'https://openalex.org/C106159729', 'wikidata': 'https://www.wikidata.org/wiki/Q2294553', 'display_name': 'Financial economics', 'level': 1, 'score': 0.48076126}, {'id': 'https://openalex.org/C2776291640', 'wikidata': 'https://www.wikidata.org/wiki/Q2912517', 'display_name': 'Value (mathematics)', 'level': 2, 'score': 0.44945705}, {'id': 'https://openalex.org/C149782125', 'wikidata': 'https://www.wikidata.org/wiki/Q160039', 'display_name': 'Econometrics', 'level': 1, 'score': 0.36608478}, {'id': 'https://openalex.org/C2780299701', 'wikidata': 'https://www.wikidata.org/wiki/Q475000', 'display_name': 'Stock market', 'level': 3, 'score': 0.36563343}, {'id': 'https://openalex.org/C181236170', 'wikidata': 'https://www.wikidata.org/wiki/Q848354', 'display_name': 'Capital asset pricing model', 'level': 2, 'score': 0.17744142}, {'id': 'https://openalex.org/C148126853', 'wikidata': 'https://www.wikidata.org/wiki/Q7316309', 'display_name': 'Restricted stock', 'level': 4, 'score': 0.15884206}, {'id': 'https://openalex.org/C10138342', 'wikidata': 'https://www.wikidata.org/wiki/Q43015', 'display_name': 'Finance', 'level': 1, 'score': 0.13533428}, {'id': 'https://openalex.org/C205649164', 'wikidata': 'https://www.wikidata.org/wiki/Q1071', 'display_name': 'Geography', 'level': 0, 'score': 0.056399137}, {'id': 'https://openalex.org/C2779343474', 'wikidata': 'https://www.wikidata.org/wiki/Q3109175', 'display_name': 'Context (archaeology)', 'level': 2, 'score': 0.0}, {'id': 'https://openalex.org/C166957645', 'wikidata': 'https://www.wikidata.org/wiki/Q23498', 'display_name': 'Archaeology', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C119857082', 'wikidata': 'https://www.wikidata.org/wiki/Q2539', 'display_name': 'Machine learning', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C41008148', 'wikidata': 'https://www.wikidata.org/wiki/Q21198', 'display_name': 'Computer science', 'level': 0, 'score': 0.0}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': False, 'landing_page_url': 'https://doi.org/10.2307/2329535', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S5353659', 'display_name': 'The Journal of Finance', 'issn_l': '0022-1082', 'issn': ['0022-1082', '1540-6261'], 'is_oa': False, 'is_in_doaj': False, 'is_core': True, 'host_organization': 'https://openalex.org/P4310320595', 'host_organization_name': 'Wiley', 'host_organization_lineage': ['https://openalex.org/P4310320595'], 'host_organization_lineage_names': ['Wiley'], 'type': 'journal'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}], 'best_oa_location': None, 'sustainable_development_goals': [{'score': 0.46, 'display_name': 'Decent work and economic growth', 'id': 'https://metadata.un.org/sdg/8'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 0, 'referenced_works': [], 'related_works': ['https://openalex.org/W2914293927', 'https://openalex.org/W2801763713', 'https://openalex.org/W2763010471', 'https://openalex.org/W2626358745', 'https://openalex.org/W2476564037', 'https://openalex.org/W2358088724', 'https://openalex.org/W2180698065', 'https://openalex.org/W2037500607', 'https://openalex.org/W1918254182', 'https://openalex.org/W1554717332'], 'abstract_inverted_index': {'Previous': [0], 'research': [1], 'has': [2], 'shown': [3], 'that': [4, 69, 72], 'stocks': [5, 26], 'with': [6], 'low': [7], 'prices': [8], 'relative': [9], 'to': [10, 74], 'book': [11], 'value,': [12], 'cash': [13], 'flow,': [14], 'earnings,': [15], 'or': [16], 'dividends': [17], '(that': [18], 'is,': [19], 'value': [20, 48], 'stocks)': [21], 'earn': [22, 28, 80], 'high': [23, 29, 44], 'returns.': [24], 'Value': [25], 'may': [27, 41], 'returns': [30, 45, 82], 'because': [31, 83], 'they': [32], 'are': [33, 90], 'more': [34], 'risky.': [35], 'Alternatively,': [36], 'systematic': [37, 56], 'errors': [38, 57, 76], 'in': [39, 77, 88], 'expectations': [40, 84], 'explain': [42], 'the': [43, 53], 'earned': [46], 'by': [47, 63], 'stocks.': [49], 'I': [50, 67], 'test': [51], 'for': [52], 'existence': [54], 'of': [55], 'using': [58], 'survey': [59], 'data': [60], 'on': [61], 'forecasts': [62, 79], 'stock': [64], 'market': [65], 'analysts.': [66], 'show': [68], 'investment': [70], 'strategies': [71], 'seek': [73], 'exploit': [75], "analysts'": [78], 'superior': [81], 'about': [85], 'future': [86], 'growth': [87], 'earnings': [89], 'too': [91], 'extreme.': [92]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W3123758172', 'counts_by_year': [{'year': 2024, 'cited_by_count': 6}, {'year': 2023, 'cited_by_count': 2}, {'year': 2022, 'cited_by_count': 5}, {'year': 2021, 'cited_by_count': 4}, {'year': 2020, 'cited_by_count': 3}, {'year': 2019, 'cited_by_count': 1}, {'year': 2017, 'cited_by_count': 5}, {'year': 2016, 'cited_by_count': 6}, {'year': 2015, 'cited_by_count': 7}, {'year': 2014, 'cited_by_count': 13}, {'year': 2013, 'cited_by_count': 7}, {'year': 2012, 'cited_by_count': 12}], 'updated_date': '2024-12-15T15:59:46.339684', 'created_date': '2021-02-01'}