Earnings quality and the heterogeneous relation between earnings and stock returns
We adopt a heterogeneous regime switching method to examine the informativeness of accounting earnings for stock returns. We identify two distinct time-series regimes in terms of the relation between earnings and returns. In the low volatility regime (typical of bull markets), earnings are moderatel...
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| Format: | article |
| Language: | eng |
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2020
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| Online Access: | http://hdl.handle.net/10071/20588 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/20588 |