Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1 Jan, 2022 erstellt
Description:
This research examines the ability of Earnings less Risk-free Interest Charge (ERIC) to predict stock returns. We find that that earnings, cash flow, and total income are more strongly associated with stock returns than ERIC or residual income. In conclusion, our research suggests that mandatory metrics typically outperform ERIC and residual income