References
- Akaike , H. Information theory and the extension of the maximum likelihood principle . Proceedings of the Second International Symposium on Information Theory . Edited by: Petrov , B. N. and Csaki , F. pp. 267 – 281 . Budapest : Akedemiai Kiado .
- Ball , R. and Brown , P. 1968 . An empirical evaluation of accounting income numbers . Journal of Accounting Research , Autumn : 159 – 178 .
- Ballas , A. A. 1994 . Accounting in Greece . European Accounting Review , 3 : 107 – 121 .
- Ballas , A. A. Valuation implications of the components of earnings: cross-sectional evidence for Greece . presented at the 4th Annual Conference of the Multinational Finance Society . June 24–27 . Thessaloniki, , Greece
- Beaver , W. H. 1968 . The information content of annual earnings announcements . Journal of Accounting Research , : 67 – 92 . Supplement:
- Beaver , W. H. 1996 . Directions in accounting research: NEAR and FAR . Accounting Horizons , 10 : 113 – 124 .
- Board , J. L. G. and Walker , M. 1990 . Intertemporal and cross-sectional variation in the association between unexpected rates of return and abnormal returns . Journal of Accounting Research , 28 : 182 – 192 .
- Booth , G. G. , Broussard , J. and Loistl , O. 1997 . Earnings and stock returns: evidence from Germany . European Accounting Review , 6 : 589 – 603 .
- Brief , R. P. and Lawson , R. A. 1992 . The role of the accounting rate of return in financial statement analysis . Accounting Review , 67 : 411 – 426 .
- Bulkley , G. and Harris , R. 1996 . Why does the ratio of book to market value of equity explain cross-section stock returns? , Discussion Paper in Economics 96/09 University of Exeter .
- Chan , L. K. C. , Hamao , Y. and Lakonishok , J. 1991 . Fundamentals and stock returns in Japan . Journal of Finance , 46 : 1739 – 1764 .
- Collins , D. W. and Kothari , S. P. 1989 . An analysis of intertemporal and cross-sectional determinants of earnings response coefficients . Journal of Accounting and Economics , 13 : 143 – 182 .
- Cooke , T. E. 1998 . Regression analysis in accounting disclosure studies . Accounting and Business Research , 28 : 209 – 224 .
- Easton , P. D. and Harris , T. S. 1991 . Earnings as an explanatory variable for returns . Journal of Accounting Research , 29 : 19 – 36 .
- Fairfield , P. M. 1994 . P/E, P/B and the present value of future dividends . Financial Analysts Journal , 50 : 23 – 31 .
- Fama , E. F. 1991 . Efficient capital markets: II . Journal of Finance , 46 : 1575 – 1617 .
- Fama , E. F. 1997 . Market efficiency, long-term returns and behavioral finance , University of Chicago . Working Paper
- Fama , E. F. and French , K. R. 1992 . The cross-section of expected stock returns . Journal of Finance , 47 : 427 – 465 .
- Fama , E. F. and French , K. R. 1993 . Common risk factors in the returns of stocks and bonds . Journal of Financial Economics , 33 : 3 – 56 .
- Fama , E. F. and French , K. R. 1995 . Size and book-to-market factors in earnings and returns . Journal of Finance , 50 : 131 – 155 .
- Fama , E. F. and French , K. R. 1996a . Multifactor explanations of asset pricinganomalies . Journal of Finance , 51 : 55 – 84 .
- Fama , E. F. and French , K. R. 1996b . The CAMP is wanted, dead or alive . Journal of Finance , 51 : 1947 – 1958 .
- Kayha , E. , Maggina , A. and Theodossiou , P. 1993 . The information content of accounting earnings in Greece: an empirical investigation . Journal of Multinational Financial Management , 3/4 : 143 – 157 .
- Kothari , S. P. , Shanken , J. and Sloan , R. G. 1995 . Another look at the cross-section of expected stock returns . Journal of Finance , 50 : 185 – 224 .
- Lakonishok , J. , Shleifer , A. and Vishny , R. W. 1994 . Contrarian investment, extrapolation and risk . Journal of Finance , 49 : 1541 – 1578 .
- La Porta , R. 1996 . Expectations and the cross-section of stock returns . Journal of Finance , 51 : 1715 – 1742 .
- Lev , B. 1989 . On the usefulness of earnings and earnings research: lessons and directions from two decades of empirical research . Journal of Accounting Research , : 153 – 192 . Supplement:
- Newey , W. K. and West , K. D. 1987 . A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix . Econometrica , 55 : 703 – 708 .
- Niarchos , N. A. 1995 . “ H Elliniki hrimatistiriaki agora: trehouses exelixeis kai prooptikes ” . In To Elliniko hrimatopistotifco systima: taseis kai prooptikes , Edited by: Provopoulos , G. 191 – 214 . Athens : IOBE .
- Pagan , A. R. and Hall , A. D. 1983 . Diagnostic tests as residual analysis . Econometric Review , 2 : 159 – 218 .
- Papaioannou , G. I. and Travlos , N. G. 1995 . “ Eisagoges etairion sto Hrimatistirio Axion Athinon: theoritiki kai empeiriki analysi ” . In To Elliniko hrimatopistotiko systima: taseis kai prooptikes , Edited by: Provopoulos , G. 215 – 278 . Athens : IOBE .
- Penman , S. H. 1991 . An evaluation of accounting rate-of-return . Journal of Accounting, Auditing and Finance , 6 : 233 – 255 .
- Penman , S. H. 1996 . The articulation of price-earnings ratios and market-to-book ratios and the evaluation of growth . Journal of Accounting Research , 34 : 235 – 259 .
- Penman , S. H. and Sougiannis , T. 1996 . A comparison of dividend, cash flow and earnings approaches to equity valuation , Berkeley : University of California . Working Paper, and University of Illinois at Urbana-Champaign, IL
- Schwarz , G. 1978 . Estimating the dimension of a model . Annals of Statistics , 6 : 461 – 464 .
- Shroff , P. K. 1995 . Determinants of the returns-earnings correlation . Contemporary Accounting Research , 12 : 41 – 55 .
- Strong , N. and Walker , M. 1993 . The explanatory power of earnings for stock returns . Accounting Review , 68 : 385 – 399 .
- Syriopoulos , C. 1996 . Analysi tis symperiforas kai ton haraktiristikon tou Hrimatistiriou Axion Athinon . Deltion Enosis Ellinikon Trapezon , June : 72 – 76 .
- Travlos , N. 1995 . “ Pleonektimata kai meionektimata eisagogis etairion sto hrimatistirio ” . In To Elliniko hrimatopistotiko systima: taseis kai prooptikes , Edited by: Provopoulos , G. 279 – 292 . Athens : IOBE .
- Vafeas , N. , Trigeorgis , L. and Georgiou , X. 1998 . The usefulness of earnings in explaining stock returns in an emerging market: the case of Cyprus . European Accounting Review , 7 : 105 – 124 .