Danielson and Press provide an interesting look at how well accounting numbers can do to describe the economic returns of a firm. And they conclude, that in spite of the many complaints, accounting numbers do a pretty good job (not perfect) at proxying for actual economic returns. [FinanceProfessor.com Annotation]
Content: Article
Authors: Eric G. Press, Morris G. Danielson
Source: Social Science Research Network (SSRN)
Subjects: Accounting, Finance
Authors: Eric G. Press, Morris G. Danielson
Source: Social Science Research Network (SSRN)
Subjects: Accounting, Finance
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