Some Time Series Properties of Accounting Income Numbers

Kathryn G. Caird and David M. Emanuel
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David M. Emanuel: University of Auckland.

Australian Journal of Management, 1981, vol. 6, issue 2, 7-16

Abstract: Tests of serial correlation, and runs tests, are applied to net profit after tax, return on shareholders' funds, and earnings per share time series of 42 New Zealand listed public companies. The results are consistent with a “random walk†interpretation, and hence consistent with results from other countries.

Keywords: RANDOM–WALK; TIME SERIES OF EARNINGS (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:6:y:1981:i:2:p:7-16

DOI: 10.1177/031289628100600202

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