Beisland, Leif Atle - In: International Journal of Economics and Accounting 4 (2013) 3, pp. 249-263
the crisis. Still, the earnings response coefficient increased significantly during the period of the crisis. The analysis … suggests a separation between the information content of book values and earnings in a crisis situation. The findings are … consistent with book values being highly relevant as a proxy variable for liquidation values in a crisis, whereas earnings, in …