Share valuation : resolving the negative earnings
puzzle
(2015)
Presentation / Conference
puzzle. Presented at British Accounting and Finance Conference 2015, Manchester
This paper presents a resolution of the apparently illogical observation in a number of papers that higher losses are associated with higher share valuations. We create conditional distributions from a sample of 42,857 firm years on the London Stock... Read More about Share valuation : resolving the negative earnings puzzle.