ALISAMIENTO DE BENEFICIOS vs. RENTABILIDAD BURSÁTIL: EVIDENCIA EMPÍRICA

Preprint OPEN
Francisco Poveda ; Raúl Iñiguez (2001)
  • Subject: alisamiento de beneficios, rentabilidad anormal. income smoothing, abnormal returns.
    • jel: jel:M41

This study investigates the market valuation of income smoothing by a long run analysis of the relation income smoothing vs. return and risk in the Spanish stock market. Using several methodological approaches to estimate and test abnormal returns, the results suggest s... View more
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