Earning response coefficients of firms in merger and acquisition.

• Main Authors: Cheng, Fan Fah, Md Nasir, Annuar, Lim, Voon Lee
• Format: Book Section
• Language: English
• Published: Universiti Putra Malaysia Press 2012
• Online Access: http://psasir.upm.edu.my/id/eprint/26163/
• Institution: Universiti Putra Malaysia

A large body of studies has done to examine the fundamental relationship between accounting variables and firm valuation using earnings response coefficients. They further demonstrate that the earnings have valuation and information content. In fact, when investors weight current-period earnings hea...