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2016 | nr 1 (15) | 17--23
Tytuł artykułu

The Effect of Earnings Persistence, Predictability, Smoothness and Stability on the Returns-Earnings Relationship: Evidence from Warsaw Stock Exchange

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Warianty tytułu
Wpływ stabilności i predykcyjności zysku księgowego na jego użyteczność dla prognozowania stopy zwrotu z akcji na przykładzie giełdy papierów wartościowych w Warszawie
Języki publikacji
This paper examines whether and how earnings quality affects the role of earnings in a firm's valuation. It is basically focuses on the returns-earnings relationship taking into consideration four earnings attributes including persistence, predictability, smoothness and stability. For a large sample of Polish non-financial firms over the period 2009-2016, the study showed that earnings quality has a weak, but positive, influence on earnings response coefficient. JEL Classification: G11, G17 (original abstract)
Słowa kluczowe
  • Uniwersytet Warszawski
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