Earnings Persistence and Market Reaction: Evidence from Korea

Hong-Bok, Ahn, Gee-Jung, Kwon

Abstract


This paper investigates the persistence of earnings and market reaction in Korean stock markets over the period
of 2000-2008. The empirical results of this paper show that Korean stock market has a high level of earnings
persistence and this is more attributed to cash flows than accruals. The study also suggests that Korean stock
market participants usually react more on cash flows than accruals.

Full Text: PDF DOI: 10.5539/ijbm.v5n10p10

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.