An Evaluation of the Return-Earnings Research

摘要: Capital markets research in accounting began with inquiries into the relation between equity return and earnings. The collective efforts made by numerous researchers over past four decades or so have produced a vast body of work on this topic, which is commonly known as “ERC” (earnings response coefficient) literature. In chapter, we firstly give brief account evaluate it context model developed Chap. 9. Previously, Lev (1989) Kothari (2001), others surveyed evaluated literature at its various stages, but not to specific theoretical model.