Kang, Tony - In: Managerial Finance 30 (2004) 11, pp. 30-44
In this study, we rely on the profitability of EP (earnings‐to‐price ratio) trading rules to infer the quality of … earnings. Under the extrapolation hypothesis (Lakonishok, Shleifer, and Vishney 1994), the profitability of an EP trading rule …