The Relationship Between Unsystematic Security Returns and Earnings Forecast Errors

Alfred L C Loh; Terry S. Walter

doi:10.1111/j.1467-629X.1986.tb00071.x

The Relationship Between Unsystematic Security Returns and Earnings Forecast Errors

Alfred L C Loh^*, Terry S. Walter

^*Corresponding author for this work

Macquarie Business School

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

This paper extends the Australian evidence on the information content of earnings announcements by considering both the sign and magnitude of unexpected earnings for a sample of 120 firms in the period 1964–1972, and a further 117 firms for 1972–1980. Results at both the portfolio level and the individual security level are highly significant and are consistent with those documented in both the United States and New Zealand.

Original language	English
Pages (from-to)	13-24
Number of pages	12
Journal	Accounting & Finance
Volume	26
Issue number	1
DOIs	https://doi.org/10.1111/j.1467-629X.1986.tb00071.x
Publication status	Published - 1986

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The Relationship Between Unsystematic Security Returns and Earnings Forecast Errors

Abstract

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