No. 39-2, September 2001

Index

• A Temporal Analysis of Earnings Surprises: Profits versus Losses
• Balance Sheet Management: The Case of Short‐Term Obligations Reclassified as Long‐Term Debt
• Book‐to‐Market Components, Future Security Returns, and Errors in Expected Future Earnings
• Equity Risk and the Labor Stock: The Case of Union Contracts
• Investor and (Value Line) Analyst Underreaction to Information about Future Earnings: The Corrective Role of Non‐Earnings‐Surprise Information
• Market Efficiency, Bounded Rationality, and Supplemental Business Reporting Disclosures
• Reporting Discretion and Private Information Communication through Earnings
• The Association between External Monitoring and Earnings Management in the Property‐Casualty Insurance Industry
• The Impact of Securities Litigation Reform on the Disclosure of Forward‐Looking Information By High Technology Firms
• The Inefficiency of the Mean Analyst Forecast as a Summary Forecast of Earnings