Kategoria BISAC: Business & Economics >> Accounting - General

The relation between stock return and
accounting earnings is complex and is not synchronous.
Accordingly, prices are useful for predicting accounting
earnings and vice versa. This monograph explores the
relation between stock market return and earnings with
particular emphasis on the tendency of prices to anticipate
earnings. The stock market has more timely sources of
information than annual earnings and also interprets any
accounting information it receives in the context of the
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