The relationship between accounting earnings and bond returns
Article Abstract:
The theoretical link between accounting earnings changes and bond returns is empirically validated. The option pricing model is applied to price stocks and bonds and combined with additional assumptions about the relationship between accounting earnings and economic income (or permanent earnings) in this analysis. Analysis of the model indicates a positive relationship between bond prices and accounting earnings.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Management control and hospital cost reduction: additional evidence
Article Abstract:
Research is presented describing the effectiveness of physician profiling in terms of hospital expenditure and the correlation of procedures performed on patients per day compared with length of stay reductions.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
The usefulness of financial and nonfinancial performance information in resource allocation decisions
Article Abstract:
Research is presented describing the change in financial planning policy when budget organizers are faced with both specific financial and nonfinancial information in reports.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Underwriting relationships, analysts' earning forecasts and investment recommendations. Do analysts generate trade for their firms? Evidence from the Toronto stock exchange
- Abstracts: The real election issue. Keeping the fat cats at bay
- Abstracts: Trustees can't shirk their responsibilities. Protecting your fund from predators. Fashion statement
- Abstracts: A call for papers: ethics and economic behavior in accounting and taxation. Further evidence on the ethics of managing earnings: an examination of the ethically related judgements of shareholders and non-shareholders,