Corporate accounting earnings data relevant for determining value of the aggregate stock market
Friday, April 5, 2013 - 16:30
in Mathematics & Economics
While teaching a course on financial information analysis, Asst. Prof. Panos Patatoukas observed that capital market participants and policy makers are increasingly turning to accounting earnings data from corporate financial reports for hints regarding the prospects of the aggregate stock market. This observation indicated that, at the aggregate level, accounting earnings data could be relevant for gauging the value of the entire stock market.