Matches in SemOpenAlex for { <https://semopenalex.org/work/W2257139750> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W2257139750 abstract "This paper examines the conceptual and empirical implications of the two major research paradigms that underlie earnings-returns studies -- the earnings persistence paradigm and Ohlson's book value model. Although the motivation for the persistence paradigm arises from the income-consumption models the paper demonstrates the equivalence instead between the accounting book value model and the macroeconomic model of rational consumer. Within the book value model our analysis indicates that the accounting entry implicit in the clean surplus relation subsumes the notion of dividend irrelevance which is instrumental in relating unexpected returns to abnormal earnings. Under the earnings persistence paradigm our results indicate that a one-to-one relation between earnings persistence and ERC obtains only under restrictive conditions when the earnings-return relation is derived using a dividend-based valuation model. Moreover in such a scenario unexpected dividends are shown to be value relevant over and above unexpected earnings and therefore the earnings persistence model only partially explains unexpected returns. The paper also examines the contexts in which the earnings persistence and the book value models provide suitable specifications for examining the earnings- return relation." @default.
- W2257139750 created "2016-06-24" @default.
- W2257139750 creator A5002750902 @default.
- W2257139750 creator A5048587793 @default.
- W2257139750 date "1995-10-02" @default.
- W2257139750 modified "2023-09-23" @default.
- W2257139750 title "The Information Dynamics in Income-Consumption Models Versus Earnings-Price Models" @default.
- W2257139750 hasPublicationYear "1995" @default.
- W2257139750 type Work @default.
- W2257139750 sameAs 2257139750 @default.
- W2257139750 citedByCount "0" @default.
- W2257139750 crossrefType "posted-content" @default.
- W2257139750 hasAuthorship W2257139750A5002750902 @default.
- W2257139750 hasAuthorship W2257139750A5048587793 @default.
- W2257139750 hasConcept C10138342 @default.
- W2257139750 hasConcept C105795698 @default.
- W2257139750 hasConcept C106159729 @default.
- W2257139750 hasConcept C116168712 @default.
- W2257139750 hasConcept C121955636 @default.
- W2257139750 hasConcept C127413603 @default.
- W2257139750 hasConcept C144024400 @default.
- W2257139750 hasConcept C149782125 @default.
- W2257139750 hasConcept C162324750 @default.
- W2257139750 hasConcept C186027771 @default.
- W2257139750 hasConcept C187320778 @default.
- W2257139750 hasConcept C190775180 @default.
- W2257139750 hasConcept C2776291640 @default.
- W2257139750 hasConcept C2781009140 @default.
- W2257139750 hasConcept C2781426361 @default.
- W2257139750 hasConcept C30772137 @default.
- W2257139750 hasConcept C33923547 @default.
- W2257139750 hasConcept C36289849 @default.
- W2257139750 hasConceptScore W2257139750C10138342 @default.
- W2257139750 hasConceptScore W2257139750C105795698 @default.
- W2257139750 hasConceptScore W2257139750C106159729 @default.
- W2257139750 hasConceptScore W2257139750C116168712 @default.
- W2257139750 hasConceptScore W2257139750C121955636 @default.
- W2257139750 hasConceptScore W2257139750C127413603 @default.
- W2257139750 hasConceptScore W2257139750C144024400 @default.
- W2257139750 hasConceptScore W2257139750C149782125 @default.
- W2257139750 hasConceptScore W2257139750C162324750 @default.
- W2257139750 hasConceptScore W2257139750C186027771 @default.
- W2257139750 hasConceptScore W2257139750C187320778 @default.
- W2257139750 hasConceptScore W2257139750C190775180 @default.
- W2257139750 hasConceptScore W2257139750C2776291640 @default.
- W2257139750 hasConceptScore W2257139750C2781009140 @default.
- W2257139750 hasConceptScore W2257139750C2781426361 @default.
- W2257139750 hasConceptScore W2257139750C30772137 @default.
- W2257139750 hasConceptScore W2257139750C33923547 @default.
- W2257139750 hasConceptScore W2257139750C36289849 @default.
- W2257139750 hasOpenAccess W2257139750 @default.
- W2257139750 hasRelatedWork W133751029 @default.
- W2257139750 hasRelatedWork W1538137979 @default.
- W2257139750 hasRelatedWork W1604330656 @default.
- W2257139750 hasRelatedWork W20041675 @default.
- W2257139750 hasRelatedWork W2016388707 @default.
- W2257139750 hasRelatedWork W2052603699 @default.
- W2257139750 hasRelatedWork W2062103539 @default.
- W2257139750 hasRelatedWork W211280511 @default.
- W2257139750 hasRelatedWork W2114901848 @default.
- W2257139750 hasRelatedWork W2263944659 @default.
- W2257139750 hasRelatedWork W2266961164 @default.
- W2257139750 hasRelatedWork W2322117901 @default.
- W2257139750 hasRelatedWork W27156832 @default.
- W2257139750 hasRelatedWork W2907956417 @default.
- W2257139750 hasRelatedWork W3121892494 @default.
- W2257139750 hasRelatedWork W3122392148 @default.
- W2257139750 hasRelatedWork W3124234924 @default.
- W2257139750 hasRelatedWork W3125986755 @default.
- W2257139750 hasRelatedWork W58574073 @default.
- W2257139750 hasRelatedWork W87952834 @default.
- W2257139750 isParatext "false" @default.
- W2257139750 isRetracted "false" @default.
- W2257139750 magId "2257139750" @default.
- W2257139750 workType "article" @default.