Electronic Resource
Springer
Review of accounting studies
4 (1999), S. 145-162
ISSN:
1573-7136
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract The paper develops a concept of transitory earnings and contrasts this source of earnings to “core” (or recurring) earnings. It is shown that any two of the following three attributes of transitory earnings imply the third: (i) forecasting irrelevance with respect to next-period aggregate earnings, (ii) value irrelevance, and (iii) unpredictability. The paper makes the case that the current “dirty surplus” items make sense, especially if one expands the valuation perspective to also allow for agency considerations.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1009653114699
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