The time series behaviour of corporate earnings in Singapore

• Main Authors: Chew, Chee Yuen, Ong, Kian Meng, Wong, Bernard Teck Theng
• Other Authors: Tan How Joo
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Business::Finance::Stock exchanges
• Online Access: http://hdl.handle.net/10356/63663
• Institution: Nanyang Technological University

Existing evidence indicates that the time-series behavior of corporate annual earnings is well approximated by a random walk, or some similar processes. However, no evidence on this issue has been collected in Singapore. This report presents the results of an investigation into the time-series behavior of the annual earnings of a sample of relatively large corporations listed on the Stock Exchange of Singapore. The conclusions, that successive changes in such earnings are well approximated by a random walk, is consistent with existing evidence.