File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: The estimation and determinants of associations between returns and earnings: evidence from cross-industry comparisons

TitleThe estimation and determinants of associations between returns and earnings: evidence from cross-industry comparisons
Authors
Issue Date1991
PublisherGreenwood Publishing Group Inc. The Journal's web site is located at http://w4.stern.nyu.edu/ross/research.cfm?doc_id=1746
Citation
Journal of Accounting, Auditing & Finance, 1991, v. 6 n. 2, p. 183-232 How to Cite?
AbstractAssociations between accounting earnings and stock returns are modeled and tested by examining relationships between earnings response coefficients and industry structure characteristics. Response coefficients are estimated using a new approach that does not require proxies for market earnings expectations. This approach appears to be well specified relative to a traditional approach and may have wider applicability in other research contexts. A randomization procedure for controlling for returns dependence is also applied. The results suggest that response coefficients differ considerably across industries and that these differences are related to industry entry barriers, product type, growth, financial leverage, and operating leverage.
Persistent Identifierhttp://hub.hku.hk/handle/10722/128984
ISSN
2015 SCImago Journal Rankings: 0.471
SSRN

 

DC FieldValueLanguage
dc.contributor.authorBiddle, GC-
dc.contributor.authorSeow, GS-
dc.date.accessioned2010-12-01T03:42:17Z-
dc.date.available2010-12-01T03:42:17Z-
dc.date.issued1991-
dc.identifier.citationJournal of Accounting, Auditing & Finance, 1991, v. 6 n. 2, p. 183-232-
dc.identifier.issn0148-558X-
dc.identifier.urihttp://hub.hku.hk/handle/10722/128984-
dc.description.abstractAssociations between accounting earnings and stock returns are modeled and tested by examining relationships between earnings response coefficients and industry structure characteristics. Response coefficients are estimated using a new approach that does not require proxies for market earnings expectations. This approach appears to be well specified relative to a traditional approach and may have wider applicability in other research contexts. A randomization procedure for controlling for returns dependence is also applied. The results suggest that response coefficients differ considerably across industries and that these differences are related to industry entry barriers, product type, growth, financial leverage, and operating leverage.-
dc.languageeng-
dc.publisherGreenwood Publishing Group Inc. The Journal's web site is located at http://w4.stern.nyu.edu/ross/research.cfm?doc_id=1746-
dc.relation.ispartofJournal of Accounting, Auditing & Finance-
dc.titleThe estimation and determinants of associations between returns and earnings: evidence from cross-industry comparisonsen_HK
dc.typeArticleen_HK
dc.identifier.emailBiddle, GC: biddle@hkucc.hku.hk-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1177/0148558X9100600203-
dc.identifier.volume6-
dc.identifier.issue2-
dc.identifier.spage183-
dc.identifier.epage232-
dc.publisher.placeUnited States-
dc.identifier.ssrn1700982-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats