A TIME-SERIES APPROACH TO MEASURING THE
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Stephen P Baginski; Bruce C Branson; Kenneth S Lorek; G.Lee Willinger
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Article
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2003
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Elsevier Science
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English
β 116 KB
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