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| Author: | Kothari, S. P. Shanken, J. |
| Title: | Time-series coefficient variation in value-relevance regressions: a discussion of Core, Guay, and Van Buskirk and new evidence |
| Journal: | Journal of Accounting & Economics
2003 : JAN, VOL. 34:1-3, p. 69-87 |
| Index terms: | Value analysis Economic growth Discount rate Statistical methods |
| Language: | eng |
| Abstract: | Core et al. compared financial information's value relevance for the New Economy stocks with other stocks. This article supplements their analysis with new evidence on the economic determinants of the time-series variation in the coefficients related to proxies for changing market growth expectations and discount rates and additional variation consistent with time-varying correlated omitted variables. |
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