... matching and cost of capital. This paper fills the void in the literature by showing that revenue-expense matching – a fundamental property of accounting earnings – affects equity investors’ required rate of returns. 21 06 2016 19 11 2016 30 09 2017 14 07 2018 11 08 2018 11 08...

... of the empirical analysis are as follows. First, the coefficient of accounting earnings is the highest in the samples of all firms in Korea, Japan, and China, followed by the coefficients for operating income, net cash flow, book value, and net operating cash flows. Next, Japan has the largest book value, followed...

...Dimitrios V. Kousenidis © Emerald Group Publishing Limited 2005 Accounting earnings Stock returns Firm size Life-cycle hypothesis Managerial Finance 24 Earnings - Returns Relation in Greece: Some Evidence on the Size Effect and on the Life-Cycle Hypothesis by Dimitrios V...