haku: @author Zarowin, P. / yhteensä: 7
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| Tekijä: | Ali, A. Zarowin, P. |
| Otsikko: | The role of earnings levels in annual earnings-returns studies |
| Lehti: | Journal of Accounting Research
1992 : AUTUMN, VOL. 30, p. 286-296 |
| Asiasana: | EARNINGS ACCOUNTING CHANGE |
| Kieli: | eng |
| Tiivistelmä: | Many accounting studies used earnings changes as a proxy for unexpected earnings under the assumption that annual earnings are purely permanent. The authors show that, as suggested by Easton and Harris, the explanatory power of the earnings level variable is consistent with the presence of transitory components in annual earnings. Earnings levels act as an additional proxy for unexpected earnings when the previous period's earnings are not purely permanent, and thereby contribute to the explanatory power of the unexpected earnings-abnormal returns model. |
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