Business, Management and Accounting
7 years ago

Changing Deflators in Tunisia Fail to Boost Earnings' Impact on Stocks

International Journal of Finance and Accounting
Effects of Changing Deflators on the Value Relevance of Earnings per Share: Empirical Evidence from Emerging Market of Tunisia
Mohamed Rafik Ben Ayed, Ezzeddine Abaoub

Paper Summary

The study compared two ways of calculating earnings per share in Tunisia's stock market. They found that using domestic earnings per share (EPS) is more related to stock returns than using basic EPS based on international standards. However, changing the earnings measure or variables did not improve the relationship between earnings and stock returns.

Related papers

Business, Management and Accounting
3 years ago

Sweden's Stock Prices React Strongly to Earnings Disclosures, Boosting Investor Confidence

Value-based Management
Earnings Management
Business, Management and Accounting
4 years ago

Earnings losing value relevance in firm valuation, impacting market perceptions.

Earnings Management
Value-based Management
Corporate Governance
Business, Management and Accounting
4 years ago

Reported earnings of industrial firms closer to risk-free rate than growth.

Earnings Management
Value-based Management
Risk Management