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Keywords: ROE
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Journal Articles
Journal:
American Journal of Business
American Journal of Business (2016) 31 (3): 102–122.
Published: 01 August 2016
... to be those firms with sustainable (unsustainable) earnings, the second hypothesis predicts that performance returns (ROE/ROA) will be positively (negatively) associated with the standard deviation of earnings (assets/equity) for the winner (myopic) firms. We test this hypothesis by conditioning on above...
