Accounting Earnings Can Explain Most of Security Returns PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Accounting Earnings Can Explain Most of Security Returns PDF full book. Access full book title Accounting Earnings Can Explain Most of Security Returns by Peter Douglas Easton. Download full books in PDF and EPUB format.
Author: Peter Douglas Easton
Publisher:
ISBN: 9780646086972
Category : Stocks
Languages : en
Pages : 31
Get Book Here
Book Description
Author: Peter Douglas Easton
Publisher:
ISBN: 9780646086972
Category : Stocks
Languages : en
Pages : 31
Get Book Here
Book Description
Author: Robert Noel Freeman
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 29
Get Book Here
Book Description
Author: Peter D. Easton
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Gordon Spooner Potter
Publisher:
ISBN:
Category :
Languages : en
Pages : 336
Get Book Here
Book Description
Author: Pervin Keki Shroff
Publisher:
ISBN:
Category :
Languages : en
Pages : 260
Get Book Here
Book Description
Author: Debra Coleman Jeter
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 224
Get Book Here
Book Description
Author: V. V. Chari
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 80
Get Book Here
Book Description
Examines the empirical magnitude of the effect of the resolution of uncertainty on rates of return in the U.S. stock market.
Author: Robert Paul Magee
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 232
Get Book Here
Book Description
Author: Allen William Bathke
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 339
Get Book Here
Book Description
Author: Pervin K. Shroff
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
The weak correlation between accounting earnings and security returns documented by numerous empirical studies is an issue of concern in current accounting research. Given that price is determined not solely by accounting earnings but also by other sources of information about future earnings this paper focuses on the relation between earnings and other information to understand the returns- earnings association. The analysis indicates that current earnings exhibit high explanatory power for returns if they correlate with expected future earnings (or with other information which reflects expected future earnings). A high price-earnings (P/E) ratio coupled with a high return on equity (ROE) can ex ante indicate earnings growth and the earnings of firms with these attributes are positively correlated with future earnings. The high growth subset obtains an impressive returns-earnings R2 of 31 percent and an earnings coefficient of 6.17 demonstrating that it is possible to identify firms whose earnings are strongly correlated with returns using a parsimonious set of firm characteristics.
