haku: @author Basu, S. / yhteensä: 14
viite: 5 / 14
| Tekijä: | Basu, S. |
| Otsikko: | The conservatism principle and the asymmetric timeliness of earnings |
| Lehti: | Journal of Accounting & Economics
1997 : DEC, VOL. 24:1, p. 3-38 |
| Asiasana: | ACCOUNTING ECONOMICS EARNINGS |
| Kieli: | eng |
| Tiivistelmä: | The author interprets conservatism as resulting in earnings reflecting "bad news" more quickly than "good news". this interpretation implies systematic differences between bad news and good news periods in the timeliness and persistence of earnings. Using firms' stock returns to measure news, the contemporaneous sensitivity of earnings to negative returns is two to six times that of earnings to positive returns. The author also predicts that negative earnings changes are less persistent than positive earnings changes. |
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