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| Author: | Jeon, S. Kang, I. Lee, S. |
| Title: | The relationship between persistence of abnormal earnings and usefulness of accounting information in hotel companies |
| Journal: | Tourism Management
2004 : DEC, VOL. 25:6, p. 735-740 |
| Index terms: | Tourism Tourist industry Accounting information systems Earnings |
| Language: | eng |
| Abstract: | The authors examine whether persistence of abnormal earnings affect book value of equity and earnings. According to Ohlson (Contemporary Accounting Res. (1995)661-687) theoretical framework, a company's market value is a function of its book value of equity, earnings and other information. The results indicate that the persistence of abnormal earnings is higher for hotels and manufacturing companies and for hotels of first class than of other classes. |
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