Author: Peter Douglas Easton
Publisher:
ISBN: 9780646086972
Category : Stocks
Languages : en
Pages : 31
Book Description
Accounting Earnings Can Explain Most of Security Returns
Author: Peter Douglas Easton
Publisher:
ISBN: 9780646086972
Category : Stocks
Languages : en
Pages : 31
Book Description
Publisher:
ISBN: 9780646086972
Category : Stocks
Languages : en
Pages : 31
Book Description
The Association Between Accounting Earnings and Security Returns for Large and Small Firms
Author: Robert Noel Freeman
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 29
Book Description
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 29
Book Description
Aggregate Accounting Earnings Can Explain Most of Security Returns
Author: Peter D. Easton
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Accounting Earnings Announcements, Fund Concentration and Common Stock Returns
Author: Gordon Spooner Potter
Publisher:
ISBN:
Category :
Languages : en
Pages : 336
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 336
Book Description
Essays on the Association of Accounting Earnings with Security Returns
Author: Pervin Keki Shroff
Publisher:
ISBN:
Category :
Languages : en
Pages : 260
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 260
Book Description
Accounting Earnings and Security Returns
Author: Debra Coleman Jeter
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 224
Book Description
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 224
Book Description
Seasonalities in Security Returns
Author: V. V. Chari
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 80
Book Description
Examines the empirical magnitude of the effect of the resolution of uncertainty on rates of return in the U.S. stock market.
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 80
Book Description
Examines the empirical magnitude of the effect of the resolution of uncertainty on rates of return in the U.S. stock market.
The Market Association of Accounting Earnings Numbers
Author: Robert Paul Magee
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 232
Book Description
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 232
Book Description
The Effect of Capital Structure on the Association Between Accounting Earnings Numbers and Security Returns
Author: Allen William Bathke
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 339
Book Description
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 339
Book Description
Determinants of the Returns-Earnings Correlation
Author: Pervin K. Shroff
Publisher:
ISBN:
Category :
Languages : en
Pages :
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.
Publisher:
ISBN:
Category :
Languages : en
Pages :
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.