haku: @indexterm RATE OF RETURN / yhteensä: 621
viite: 107 / 621
| Tekijä: | Jerris, S. I. |
| Otsikko: | Option-based EPS measures: an alternative to primary and fully-diluted EPS. |
| Lehti: | Journal of Business Finance and Accounting
1992 : APR, VOL. 19:3, p. 345-363 |
| Asiasana: | EARNINGS PER SHARE SHARE PRICES RATE OF RETURN STOCK OPTIONS |
| Kieli: | eng |
| Tiivistelmä: | Since 1969, generally accepted accounting principles have required firms with complex capital structures to disclose both primary and fully diluted earnings per share numbers. Neither of these two earnings measures take into account the probability of conversion of potentially dilutive securities into common stock. The purpose of this paper is to generate alternative earnings per share measures which incorporate conversion probabilities of convertible debentures. The option pricing model is used to generate these conversion probabilities. Results show that the association between abnormal returns and unexpected earnings per share measures. |
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