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The Effect of the Default Risk of Debt on the Earnings Response Coefficient.

Dan S. Dhaliwal; Stanley S. Reynolds

The Accounting Review 1994

Abstract Examines the effect of the default risk of debt on the relation between accounting earnings and stock returns. Correlation between equity valuation and the earnings response coefficient (ERC); Cumulative abnormal returns; Equity beta; Earnings persistence; Unexpected earnings.

DOI
10.2308/tar-9412141425
Volume
69 (2)
Pages
412-419
Language
en
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