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A note on the persistence of residual income

Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review

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A note on the persistence of residual income. / Landstrom, Joachim.
2010. 1-29 Paper presented at 33rd Annual Congress of European Accounting Association, Istanbul, Turkey.

Research output: Contribution to conference - Without ISBN/ISSN › Conference paper › peer-review

Harvard

Landstrom, J 2010, 'A note on the persistence of residual income', Paper presented at 33rd Annual Congress of European Accounting Association, Istanbul, Turkey, 19/05/10 - 21/05/10 pp. 1-29. <http://ssrn.com/abstract=1864804>

APA

Landstrom, J. (2010). A note on the persistence of residual income. 1-29. Paper presented at 33rd Annual Congress of European Accounting Association, Istanbul, Turkey. http://ssrn.com/abstract=1864804

Vancouver

Landstrom J. A note on the persistence of residual income. 2010. Paper presented at 33rd Annual Congress of European Accounting Association, Istanbul, Turkey.

Author

Landstrom, Joachim. / A note on the persistence of residual income. Paper presented at 33rd Annual Congress of European Accounting Association, Istanbul, Turkey.29 p.

Bibtex

@conference{a040edcc6b824495b105233600b98743,
title = "A note on the persistence of residual income",
abstract = "This paper investigates the behavior of residual income scaled by beginning of period book value, i.e., residual return on equity (ROE), by performing panel unit root tests as well panel regression tests on Swedish data. Results show that residual return on equity does not follow a random walk, nor is it transitory, yet it is much more transitory than what previous studies indicate. The study also proposes a method to design similar studies such that they can use data from privately held firms.",
keywords = "Accounting, Valuation, arbitrage pricing, Rational expectations, abnormal earnings, residual income, return on equity",
author = "Joachim Landstrom",
year = "2010",
month = may,
day = "19",
language = "English",
pages = "1--29",
note = "33rd Annual Congress of European Accounting Association ; Conference date: 19-05-2010 Through 21-05-2010",

}

RIS

TY - CONF

T1 - A note on the persistence of residual income

AU - Landstrom, Joachim

PY - 2010/5/19

Y1 - 2010/5/19

N2 - This paper investigates the behavior of residual income scaled by beginning of period book value, i.e., residual return on equity (ROE), by performing panel unit root tests as well panel regression tests on Swedish data. Results show that residual return on equity does not follow a random walk, nor is it transitory, yet it is much more transitory than what previous studies indicate. The study also proposes a method to design similar studies such that they can use data from privately held firms.

AB - This paper investigates the behavior of residual income scaled by beginning of period book value, i.e., residual return on equity (ROE), by performing panel unit root tests as well panel regression tests on Swedish data. Results show that residual return on equity does not follow a random walk, nor is it transitory, yet it is much more transitory than what previous studies indicate. The study also proposes a method to design similar studies such that they can use data from privately held firms.

KW - Accounting

KW - Valuation

KW - arbitrage pricing

KW - Rational expectations

KW - abnormal earnings

KW - residual income

KW - return on equity

M3 - Conference paper

SP - 1

EP - 29

T2 - 33rd Annual Congress of European Accounting Association

Y2 - 19 May 2010 through 21 May 2010

ER -