The Time Series Behaviour of Corporate Earnings
- 1 October 1978
- journal article
- research article
- Published by SAGE Publications in Australian Journal of Management
- Vol. 3 (2) , 195-202
- https://doi.org/10.1177/031289627800300206
Abstract
Existing evidence indicates that the time-series behaviour of corporate annual earnings is well approximated by a random-walk, or some similar process. There is, however, little Australian evidence on this issue. This note presents the results of an investigation into the time-series behaviour of the annual earnings of a sample of relatively large Australian corporations. The conclusion, that successive changes in such earnings are well approximated by a random-walk, is consistent with the existing evidence.Keywords
This publication has 4 references indexed in Scilit:
- The Time-Series Properties of Annual EarningsJournal of Accounting Research, 1977
- The Time Series of Annual Accounting EarningsJournal of Accounting Research, 1977
- SOME TIME SERIES PROPERTIES OF ACCOUNTING INCOMEThe Journal of Finance, 1972
- The Time Series Behavior of EarningsJournal of Accounting Research, 1970