@article{ART000920273},
author={전성일 and 강인원},
title={The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2003},
volume={27},
number={1},
pages={105-120}
TY - JOUR
AU - 전성일
AU - 강인원
TI - The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms
JO - Journal of Tourism Sciences
PY - 2003
VL - 27
IS - 1
PB - The Tourism Sciences Society Of Korea
SP - 105
EP - 120
SN - 1226-0533
AB - Based on Ohlson’s earning persistence thesis, this study examines whether persistence of abnormal earnings affects on the book value of equity and earnings. According to Ohlson’s theoretical framework, a firm’s market value is a function of its book value of equity, earnings, and other information, the persistence of abnormal earnings has a systematic relation with book value equity and earnings. The persistence is measured the first autocorrelation coefficient of abnormal earnings for two consecutive periods.The differences of persistence in abnormal earnings between hotel industry and manufacturing industry were compared. Results show that hotel, especially deluxe hotels have higher earning persistence coefficient than that of manufacturing industries.
KW -
DO -
UR -
ER -
전성일 and 강인원. (2003). The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms. Journal of Tourism Sciences, 27(1), 105-120.
전성일 and 강인원. 2003, "The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms", Journal of Tourism Sciences, vol.27, no.1 pp.105-120.
전성일, 강인원 "The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms" Journal of Tourism Sciences 27.1 pp.105-120 (2003) : 105.
전성일, 강인원. The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms. 2003; 27(1), 105-120.
전성일 and 강인원. "The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms" Journal of Tourism Sciences 27, no.1 (2003) : 105-120.
전성일; 강인원. The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms. Journal of Tourism Sciences, 27(1), 105-120.
전성일; 강인원. The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms. Journal of Tourism Sciences. 2003; 27(1) 105-120.
전성일, 강인원. The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms. 2003; 27(1), 105-120.
전성일 and 강인원. "The Relationship Between Persistence of Abnormal Earnings in Hotel firms and Non Banking Firms" Journal of Tourism Sciences 27, no.1 (2003) : 105-120.
