Jones, Jefferson P; Morton, Richard M; Schaefer, Thomas F - In: Review of Quantitative Finance and Accounting 15 (2000) 1, pp. 21-35
This study investigates the value-relevance of accounting earnings in the presence of investment (growth) opportunities after making two theoretical and methodological research design refinements. First, we test for the incremental effect of growth on firms' earnings response coefficients after...