Utilizing multiple regressions, results indicate that when analyzing the total sample of 397 firms in the sample (buyback and non-buyback), cross-sectional cumulative abnormal returns (CAR) contain significantly positive information content in relation to earnings response coefficients
Is the annual earnings response coefficient
statistically significant in Brazil?
The purpose of this work is to provide the basic theoretical and a detailed review of the earnings response coefficient
The effect of the default risk of debt on the earnings response coefficient
2005 in the US, and Chen, Chen, and Su, 2001 in China) all regression results in Table 3 show that the earnings response coefficients
(ERC), relating stock returns to the level and change in earnings, are positive and significant.
Based on nonaudit fees from 1978-80, the evidence indicates that smaller earnings response coefficients
are associated with higher auditor provided nonaudit services.
To test for a statistical difference in the magnitude of earnings response coefficients
in the two samples using Equation (6), I use the model specification in Equation (7).
2] of the mining industry is much higher than other industries in their study examining cross-industry earnings response coefficients
An additional measure of the importance of the event to a rival is the earnings response coefficient
Teoh and Wong (1993) show a positive association between auditor brand name and the earnings response coefficient
Because it is difficult to empirically control for such items, this other information may be partly responsible for the existing modest levels of explained variation in extant earnings response coefficient
i,q,x] is the product of the absolute unexpected earnings (absolute surprise) as of day -x and an earnings response coefficient