search query: @author Bernard, V. L. / total: 8
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| Author: | Bernard, V. L. |
| Title: | Cross-sectional dependence and problems in inference in market-based accounting research. |
| Journal: | Journal of Accounting Research
1987 : SPRING, VOL. 25:1, p. 1-48 |
| Index terms: | SHARE PRICES RATE OF RETURN ESTIMATION |
| Language: | eng |
| Abstract: | The study gives a framework and some empirical evidence to evaluate the significance of problems in inference that arise in stock-return-based investigations when the data are cross- sectionally dependent. The author seeks to identify characteristics of the research context that determine the amount of bias arising when cross- sectional dependence is ignored. As a byproduct, conflicting statements of the literature are reconciled and two empirical studies complement the theoretical investigation. |
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