Accounting Returns Revisited: Evidence of their Usefulness in Estimating Economic Returns
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