Some Time Series Properties of Accounting Income Numbers
Open Access
- 1 December 1981
- journal article
- research article
- Published by SAGE Publications in Australian Journal of Management
- Vol. 6 (2) , 7-16
- https://doi.org/10.1177/031289628100600202
Abstract
Tests of serial correlation, and runs tests, are applied to net profit after tax, return on shareholders' funds, and earnings per share time series of 42 New Zealand listed public companies. The results are consistent with a “random walk” interpretation, and hence consistent with results from other countries.Keywords
This publication has 2 references indexed in Scilit:
- SOME TIME SERIES PROPERTIES OF ACCOUNTING INCOMEThe Journal of Finance, 1972
- The Time Series Behavior of EarningsJournal of Accounting Research, 1970