search query: @author Bodnar, G. / total: 4
reference: 3 / 4
| Author: | Bodnar, G. Weintrop, J. |
| Title: | The valuation of the foreign income of US multinational firms: a growth opportunities perspective |
| Journal: | Journal of Accounting & Economics
1997 : DEC, VOL. 24:1, p. 69-98 |
| Index terms: | ACCOUNTING ECONOMICS USA |
| Language: | eng |
| Abstract: | The authors demonstrate the value-relevance of foreign earnings for US multinational firms by examining the associations between annual abnormal stock performance and changes in firms' domestic and foreign incomes. For 2570 firm-year observations between 1985 and 1993, both foreign and domestic earnings changes have significant positive associations with annual excess return measures; however, the association coefficient on foreign income is significantly larger than the association coefficient on domestic income. |
SCIMA