Easton, Peter D.; Sommers, Gregory A. - In: Journal of Business Finance & Accounting 30 (2003-01) 1-2, pp. 25-56
The nature of the data we usually encounter in market-based accounting research is such that the results of the regressions of market capitalization on financial statement variables (referred to 'price-levels' regressions) are driven by a relatively small subset of the very largest firms in the...