Aggregate Earnings Informativeness and Economic Shock: International Evidence

2019 ◽  
Author(s):  
Makoto Nakano ◽  
Yuto Yoshinaga
Keyword(s):  
International Evidence ◽  
Earnings Informativeness ◽  
Economic Shock ◽  
Aggregate Earnings

scholarly journals Is the U.S. Unique? International Evidence on the Aggregate Earnings-Returns Association

2018 ◽  
Author(s):  
Lindsey A. Gallo ◽  
Rebecca N. Hann ◽  
Congcong Li ◽  
Viktoriya Zotova
Keyword(s):  
International Evidence ◽  
Aggregate Earnings ◽  
The U.S

Aggregate Earnings and Market Returns: International Evidence

2014 ◽  
Vol 49 (4) ◽  
pp. 879-901 ◽  
Author(s):  
Wen He ◽  
Maggie (Rong) Hu
Keyword(s):  
United States ◽  
The United States ◽  
Financial Disclosure ◽  
Market Returns ◽  
Negative Relation ◽  
International Evidence ◽  
Aggregate Earnings

AbstractKothari, Lewellen, and Warner (2006) document that aggregate earnings changes in the United States arenegativelyrelated to contemporaneous market returns. In this study we show that this negative aggregate earnings-returns relation is unique to the United States. In 28 non-U.S. markets, aggregate earnings changes arepositivelyassociated with contemporaneous market returns. Further evidence shows that the aggregate earnings-returns relation becomes less positive in countries with more transparent financial disclosure that helps investors forecast earnings more precisely. Our result supports Sadka and Sadka’s (2009) argument that predictability of aggregate earnings leads to the negative relation between aggregate earnings and market returns in the United States.

Sign in / Sign up

Export Citation Format

Share Document