Anderson, Kristen; Woodhouse, Kerrie; Ramsay, Alan; … - In: Pacific Accounting Review 21 (2009) 1, pp. 5-25
Purpose – The purpose of this paper is to test the persistence and pricing of earnings, free cash flows (FCF) and accruals using Australian data. In response to arguments concerning omitted variables in the Mishkin test, it seeks to explore asymmetric effects by incorporating categoric...