文章基本信息

标题：Earnings Persistence and Market Reaction: Evidence from Korea
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作者：Hong-Bok, Ahn ; Gee-Jung, Kwon
期刊名称：International Journal of Business and Management
印刷版ISSN：1833-3850
电子版ISSN：1833-8119
出版年度：2010
卷号：5
期号：10
页码：10
DOI：10.5539/ijbm.v5n10p10
出版社：Canadian Center of Science and Education
摘要：This paper investigates the persistence of earnings and market reaction in Korean stock markets over the period
of 2000-2008. The empirical results of this paper show that Korean stock market has a high level of earnings
persistence and this is more attributed to cash flows than accruals. The study also suggests that Korean stock
market participants usually react more on cash flows than accruals.