Volume 9 Issue 3 (November-January 1993)

previous < 3 of 19 > next

Comments on 'Earnings forecasting research: its implications for capital markets research', by L. Brown

Thomas, J.K.
Pages 325-330
Abstract

This commentary extends Larry Brown's survey paper on the link between earnings forecasting research and capital markets research by discussing emerging research in four areas: (a) the relation between current earnings and future earnings or the time-series properties of reported earnings; (b) the relation between current earnings and current prices, based on the relation each has with future earnings; (c) the ability to predict future stock returns using accounting information to predict future earnings; and (d) specification issues to consider when estimating price-earnings regressions.

Keywords: Earnings time series , Stock returns , Earnings response coefficients , Efficient markets
FULL TEXT LINK
http://dx.doi.org/10.1016/0169-2070(93)90025-I
ONLINE SUPPLEMENTS
COMMENTSPost a comment