Do Accruals Drive Firm-Level Stock Returns? A Variance Decomposition Analysis

Do Accruals Drive Firm-Level Stock Returns? A Variance Decomposition Analysis

This paper extends the variance decomposition framework of Campbell [1991], Campbell and Ammer [1993], and Vuolteenaho [2002] to address the relative value relevance of accrual news, cash flow news, and expected-return news in driving firm-level equity returns. The extension is based on the Feltham-...

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書目詳細資料
Main Authors:	SEGAL, Dan, Callen, Jeffrey L.
格式:	text
語言:	English
出版:	Institutional Knowledge at Singapore Management University 2004
主題:	Accounting Corporate Finance
在線閱讀:	https://ink.library.smu.edu.sg/soa_research/809 http://dx.doi.org/10.1111/j.1475-679X.2004.t01-1-00140.x
標簽:	添加標簽沒有標簽, 成為第一個標記此記錄!
機構:	Singapore Management University
語言:	English

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