search query: @indexterm Loss / total: 123
reference: 53 / 123
Author: | Hayn, C. |
Title: | The information content of losses |
Journal: | Journal of Accounting & Economics
1995 : SEP, VOL. 20:2, p. 125-153 |
Index terms: | INFORMATION LOSS ACCOUNTING |
Language: | eng |
Abstract: | This study hypothesizes that because shareholders have a liquidation option, losses are not expected to perpetuate. They are thus less informative than profits about the firm's future prospects. The results are consistent with the hypothesis. They also show that the documented increase in the earnings response coefficient as the cumulation period increases appears to be due exclusively to the effect of losses. |
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