✦ LIBER ✦

A TIME-SERIES APPROACH TO MEASURING THE DECLINE IN QUARTERLY EARNINGS PERSISTENCE

✍ Scribed by Stephen P Baginski; Bruce C Branson; Kenneth S Lorek; G.Lee Willinger

Publisher: Elsevier Science
Year: 2003
Tongue: English
Weight: 116 KB
Volume: 20
Category: Article
ISSN: 0882-6110
DOI: 10.1016/s0882-6110(03)20002-x

No coin nor oath required. For personal study only.

✦ Synopsis

Although prior research documents an inter-temporal decline in earnings relevance for equity investors, precise evidence has not been collected on why the decline has occurred. We document a substantial decline in the persistence of quarterly accounting earnings over a 35-year period for a sample of New York Stock Exchange firms. Our findings hold regardless of whether firms are in industries with dramatic increases in spending on information technology through time or not. Further, neither ex ante measures of expected economic change (changes in barriers-to-entry and product type) nor an ex post measure of economic change (quarterly sales persistence) decline inter-temporally for our sample firms.

📜 SIMILAR VOLUMES

Quarterly GPPA earnings data: Time-serie

Quarterly GPPA earnings data: Time-series properties and predictive ability results in the airlines industry

✍ W. A. Hillison; W. S. Hopwood; K. S. Lorek 📂 Article 📅 1983 🏛 John Wiley and Sons 🌐 English ⚖ 830 KB

This paper provides preliminary results regarding the impact of general purchasing power adjustments (GPPA) on quarterly earnings for 24 firms from the airlines industry. Findings indicated that GPPA transformations do not substantially alter the time-series properties of quarterly earnings data. Tw

A FOURIER SERIES APPROACH TO THE MEASURE

A FOURIER SERIES APPROACH TO THE MEASUREMENT OF FLEXURAL WAVE INTENSITY IN PLATES

✍ C.R. Halkyard; B.R. Mace 📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 358 KB

In regions sufficiently remote from excitation and discontinuities, the flexural motion of a plate can be expressed as the sum of plane propagating waves. In this paper this fact is used as the basis of a wave-based technique for plate intensity measurement. It is assumed that far field conditions e

A statistical approach to the biosynthet

A statistical approach to the biosynthetic route of fatty acids in olive oil: cross-sectional and time series analyses

✍ Ninni, Vassilia 📂 Article 📅 1999 🏛 John Wiley and Sons 🌐 English ⚖ 126 KB 👁 2 views

A study of the biosynthetic route of the fatty acids in Greek virgin olive oil is presented. The investigation of the behaviour of the fatty acids is based on the statistical analysis of data of percentage composition in fatty acids of Greek olive oil during the ripening period of the olive. The exi