Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
March 18, 2026The Accounting Review

The Information Content of General Price Level Earnings: A Reply.

View Full Paper
Ask AI
Bookmark
Share

Authors

JLJosef LakonishokBriar Cliff UniversityAOAharon R. OferTel Aviv University

Discussion

Loading...

Member takes

Overview

Analysis shows general price level earnings outperform historical cost earnings, indicating significant implications for financial assessments.

Key Points

  • The aim is to evaluate the information content of general price level earnings compared to historical cost earnings.
  • Critiques the binomial test for independence of observations.
  • Compares correlation coefficients of general price level and historical cost earnings.
  • Analyzes three earnings ratios across varying portfolio sizes.
  • General price level earnings outperform historical cost earnings in two out of three defined earnings ratios.
  • Statistical significance achieved at the five percent level for two earnings definitions.

Cite This Study

Lakonishok et al. (1985) studied this question.

synapsesocial.com/papers/69ba423c4e9516ffd37a24adhttps://doi.org/10.2308/tar-4491888
View Full Paper
Ask AI
Bookmark
Share

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1The Information Content of General Price Level Adjusted Earnings: A Comment.1985
  2. 2The Informational Content of General Price Level Adjusted Earnings: Some Empirical Evidence.1980
  3. 3Interindustry Estimation of General Price-Level Impact on Financial Information: A Comment.1978
  4. 4A Comparison of General Price Level and Historical Cost Financial Statements in the Prediction of Bankruptcy: A Comment.1980
  5. 5A Comparison of General Price Level and Historical Cost Financial Statements in the Prediction of Bankruptcy: A Reply.1980