Do Income Smoothing Practices Explain the Lower Earnings-Price Ratio of Japanese Firms Compared to Those of the U.S. Firms?
This study examines the variation in earnings-price ratios across Japanese and U.S. firms. The earnings-price ratio is one of the indicators often used by investors to determine their trading strategy. Previous literature document that Japanese firms have consistently lower earnings-price ratios tha...
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Format: | Article |
Language: | English |
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Universitas Gadjah Mada
2005-01-01
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Series: | Gadjah Mada International Journal of Business |
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Online Access: | https://jurnal.ugm.ac.id/gamaijb/article/view/5564 |