This paper discusses the predictability of aggregate returns and aggregate earnings.The accounting identity of Voulteenaho(2000,2002)is used to identify the relat
Using a unique database that identifies the location of 18,446 financial analysts covering 20,725 firms from 48 countries during 1996-2010,we find that individual
This paper examines the impacts of one attribute of accounting recognition,i.e.,nonlinearity,on comparing the extents of conservatism based on Basu’s(1997)asymmetr