Asthana, Sharad; Chen, Lucy Huajing - In: International Journal of Accounting and Finance 3 (2012) 3, pp. 207-222
We investigate the change in the value-relevance of earnings and book value information in the financial industry compared to other industries from 1970 to 2005. Prior literature provides mixed evidence as to whether value-relevance reduces over time. Our sample consists of 34,252 firm-year...