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 periodof 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
This work is licensed under a Creative Commons Attribution 4.0 License.
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