Purpose – This paper seeks to investigate whether disaggregated bank earnings better predict next period earnings than contemporaneous aggregated earnings. Design/methodology/approach – Fairfield et al.'s (1996) regression approach is used for predicting next period's return of equity (ROE)...

This paper extends prior research in the areas of fundamental analysis and the information content of losses in an effort to explain unexpected market behaviour in certain circumstances. Specifically, we develop expectations related to the relevance of fundamental financial signals to explain...

Purpose – This paper seeks to investigate whether disaggregated bank earnings better predict next period earnings than contemporaneous aggregated earnings. Design/methodology/approach – Fairfield et al. 's (1996) regression approach is used for predicting next period's return of equity (ROE)...

This study examines rating agency explanations that accompany changes in credit ratings for nonprofit hospitals. A national sample of Standard & Poor’s revision announcements is used to identify hospital characteristics that purportedly motivate credit rating changes. Significant differences...