Cheng, C.S. Agnes; Lee, Bong-Soo; Yang, Simon - In: International Journal of Accounting and Information … 21 (2013) September, pp. 260-284
Purpose – Prior studies provide mixed propositions on whether earnings levels or earnings changes provide the better explanatory power for variations of stock returns and whether the time-series behavior of earnings affects the value relevance of both earnings variables. This paper aims to...
