By Cheng-Few Lee
"Advances in Quantitative research of Finance and Accounting" is an annual e-book to disseminate advancements within the quantitative research of finance and accounting. The book is a discussion board for statistical and quantitative analyses of concerns in finance and accounting in addition to purposes of quantitative the way to difficulties in monetary administration, monetary accounting, and company administration. the target is to advertise interplay among educational examine in finance and accounting and utilized study within the monetary group and the accounting occupation. The papers during this quantity conceal a variety of subject matters together with profits administration, administration reimbursement, choice thought and alertness, debt administration and rate of interest concept, and portfolio diversification.
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Additional resources for Advances in Quantitative Analysis of Finance and Accounting, Volume 4
Better for the positive profitability sub-samples than for the negative profitability sub-samples. The coefficients (a) and (/3) are all positive and significant, and in general terms, show, the expected variation with changing profitability. The earnings coefficient (y) varies with profitability. It is positive and significant for a positive profitability, not significantly different from zero near zero profitability, negative for a somewhat negative profitability and positive for a more negative profitability.
B. Herath Table 8. Summary comparison of estimated regression coefficients and R efficiency, steady state, and high efficiency sub-samples using Models 1-4. 88 — - 55 45 45 38 magnitude is small, suggesting that it does not make a great contribution to valuation. A comparison of the results of Models 1 and 3 for the steady state firms shows that Model 3 has a noticeably lower explanatory power than does Model 1. Although earnings makes a very important contribution to valuation in Model 3, the large changes in the intercept and earnings coefficients (a) and (y) from those in Model 1 suggest that the former Model 3 is not properly specified.
Review of Financial Studies 15, 35-64 (2002). Myers, S. " Journal of Financial Economics 5, 147-175 (1977). Ohlson. J. " Contemporary Accounting Research 11, 661-687 (1995). , D. Siegel and J. " Quarterly Journal of Economics 103, 479-508 (1988). " Journal of Finance 48, 621-640 (1993). Rees, W. " Journal of Business, Finance and Accounting 24, 111 1-1140 (1997). " Bell Journal of Economics 8, 23^-0 (1977). " The Accounting Review 66, 1-21 (1991). " Journal of Accounting Research 38, 271-295 (2000).
Advances in Quantitative Analysis of Finance and Accounting, Volume 4 by Cheng-Few Lee