The information content of earnings and prices: a simultaneous equations approach
Article Abstract:
The simultaneous equations approach proves to be effective in terms of determining the relationship between securities prices and earnings. Some of the features of simultaneous equations approach that can be of great help in analyzing price-earnings relation include well-tested alternative estimation procedures and theoretically proven earnings and return response coefficients. Earnings and prices are endogenous in nature and are affected by factors that are not easy to specify.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 1997
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Management of the loss reserve accrualk and the distribution of earnings in the property-casualty insurance industry
Article Abstract:
In the property and casulaty insurance industry, loss reserves are distributed across earnings categories in public and mutual companies, but not in private companies.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 2003
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Differential properties in the ratings of certified versus non-certified bond-rating agencies
Article Abstract:
Bond pricing and service differentiation between certified and non-certified credit rating agencies is analyzed.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 2006
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