Rajgopal, Shiva; Venkatachalam, Mohan - In: Journal of Accounting and Economics 51 (2011) 1-2, pp. 1-20
Campbell et al. (2001) document that firms' stock returns have become more volatile in the U.S. since 1960. We hypothesize and find that deteriorating earnings quality is associated with higher idiosyncratic return volatility over 1962-2001. These results are robust to controlling for (i)...