haku: @author Smith, P. / yhteensä: 49
viite: 30 / 49
| Tekijä: | Smith, P. Tremayne, A. R. |
| Otsikko: | On the information content of time series of accounting earnings. |
| Lehti: | Journal of Business Finance and Accounting
1992 : APR, VOL. 19:3, p. 363-385 |
| Asiasana: | INFORMATION ACCOUNTING EARNINGS DIVIDENDS FINANCIAL MODELS |
| Kieli: | eng |
| Tiivistelmä: | The paper is concerned with the information content of accounting earnings for a set of UK firms. In contrast to most previous studies, which examine information content in relation to security price movements, the study investigates the direct link between accounting earnings numbers and future dividends. The study shows that earnings do have a useful additional information content for most of the firms considered , but that the nature of this information can vary markedly from one firm to another. As well as giving a rationale for investors' interest in earnings announcements, a framework for evaluating alternative accounting policies and building models for valuation purposes is provided. |
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