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A Time-series Approach To Measuring The Decline In Quarterly Earnings Persistence by Stephen P Baginski; Bruce C Branson; Kenneth S Lorek; G.Lee Willinger is a Business, Management and Accounting article available to read on EtoBox.

What is A Time-series Approach To Measuring The Decline In Quarterly Earnings Persistence about?

Although prior research documents an inter-temporal decline in earnings relevance for equity investors, precise evidence has not been collected on why the decline has occurred. We document a substantial decline in the persistence of quarterly accounting earnings over a 35-year period for a sample of New York Stock Exchange firms. Our findings hold regardless of whether firms are in industries with dramatic increases in spending on information technology through time or not. Further, neither ex ante measures of expected economic change (changes in barriers-to-entry and product type) nor an ex post measure of economic change (quarterly sales persistence) decline inter-temporally for our sample firms.

Who reads A Time-series Approach To Measuring The Decline In Quarterly Earnings Persistence?

Author

Stephen P Baginski; Bruce C Branson; Kenneth S Lorek; G.Lee Willinger

Publisher

Elsevier Science; Elsevier ; Elsevier Ltd.; Elsevier BV (ISSN 0882-6110)

Published

2003

Language

EN

Field

Business, Management and Accounting (Social Sciences)