Time-series distributional properties of financial ratios: Empirical evidence from Finnish listed firms

Time-series distributional properties of financial ratios: Empirical evidence from Finnish listed firms

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Article ID: iaor1996529
Country: Netherlands
Volume: 58
Issue: 3
Start Page Number: 344
End Page Number: 355
Publication Date: May 1992
Journal: European Journal of Operational Research
Authors:
Keywords: time series & forecasting methods
Abstract:

The distributional properties of time-series accounting numbers are studied. First, the distributional characteristics of raw financial ratio distributions are investigated. Second, the normality of the accounting index model residuals is researched. By doing this one aims to consider the firm-specific and economy-wide effects on the observed nonnormalities in financial ratio distributions. Empirical evidence indicates that a substantial part of the nonnormalities in financial ratio distributions is caused by economy-wide effects.

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