Accounting data and stock returns across business-cycle associated valuation change periods

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dc.contributor.authorKane, Gregory D.en
dc.contributor.committeechairBrown, Robert M.en
dc.contributor.committeememberKillough, Larry N.en
dc.contributor.committeememberMcGuirk, Anya M.en
dc.contributor.committeememberRichardson, Frederick M.en
dc.contributor.committeememberShome, Dilip K.en
dc.contributor.departmentAccounting and Information Systemsen
dc.date.accessioned2014-03-14T21:16:16Zen
dc.date.adate2008-07-28en
dc.date.available2014-03-14T21:16:16Zen
dc.date.issued1992-11-06en
dc.date.rdate2008-07-28en
dc.date.sdate2008-07-28en
dc.description.abstractThis study examines intertemporal variation in the associations of accounting data with subsequent firm returns. A number of accounting research studies pool data indiscriminately across time and firms. Previous research has disclosed the nature and effects of cross-sectional dependencies in pooled data. On the other hand, intertemporal dependencies associated with real macroeconomic phenomena have not been widely researched. The objective of this study was to provide evidence as to whether accounting data's associations with subsequent firm returns systematically vary across recession-associated and expansion-associated valuation change periods. Eighty-two accounting ratios were examined for evidence of systematic variation in association across business cycle-associated valuation events. Analyses are conducted, using both simple and multiple regression. Business cycle effects on the predictive accuracy of regression models were also examined.en
dc.description.degreePh. D.en
dc.format.extentxiii, 288 leavesen
dc.format.mediumBTDen
dc.format.mimetypeapplication/pdfen
dc.identifier.otheretd-07282008-134006en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-07282008-134006/en
dc.identifier.urihttp://hdl.handle.net/10919/38834en
dc.language.isoenen
dc.publisherVirginia Techen
dc.relation.haspartLD5655.V856_1992.K364.pdfen
dc.relation.isformatofOCLC# 27993026en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subject.lccLD5655.V856 1992.K364en
dc.subject.lcshBusiness cyclesen
dc.subject.lcshFinancial statementsen
dc.subject.lcshRatio analysisen
dc.titleAccounting data and stock returns across business-cycle associated valuation change periodsen
dc.typeDissertationen
dc.type.dcmitypeTexten
thesis.degree.disciplineAccounting and Information Systemsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.leveldoctoralen
thesis.degree.namePh. D.en

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