haku: @author Teets, W. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
| Tekijä: | Teets, W. |
| Otsikko: | The association between stock market responses to earnings announcements and regulation of electric utilities |
| Lehti: | Journal of Accounting Research
1992 : AUTUMN, VOL. 30, p. 274-285 |
| Asiasana: | EARNINGS STOCK MARKETS ASSOCIATIONS ELECTRICITY |
| Kieli: | eng |
| Tiivistelmä: | In this study the author examines whether regulation explains cross-sectional differences in the earnings response coefficients (ERCs) relating unexpected earnings to abnormal stick returns by comparing the ERCs of electric utilities with those of a random sample of nonregulated firms. He finds the ERCs are smaller on average for the electric utilities than for the nonregulated firms, consistent with the view that regulators buffer the firms they regulate from changes in the operating environment. |
« edellinen | seuraava »
SCIMA