Title: An Empirical Study on the Perisistence of Earnings in Shahghai Stock Market
Abstract: Accounting earnings can provide value relevant information to investors in China′s stock market.We choose the persistence of earnings, one of the factors that contribute to the quality of accounting earnings, as the start point of our research and use the profit from principal operations as the proxy variable of permanent earnings to examine whether the market can differentiate the accounting earnings of different persistence. Our findings, based on manufacturing listed firms in Shanghai stock market, indicate that investors are not able to differentiate the distinct economic implications of different earning items.
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot