Asthana, Sharad C.; Zhang, Yinqi - In: Review of Accounting and Finance 5 (2006) May, pp. 124-139
Purpose – This paper sets out to test the effects of firms’ and industry's R&D intensity on persistence of abnormal earnings. Design/methodology/approach – Ohlson's valuation model is used with pooled regressions along with Fama–Macbeth methodology on yearly regressions and partitioning...
