| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083855 | International Review of Economics & Finance | 2013 | 13 Pages |
Abstract
⺠We use panel smooth transition regression (PSTR) models to evaluate earnings persistence. ⺠Earnings persistence depends on transition variable in different regimes and varies with time. ⺠PSTR models have better fitting performance and predictability than linear models. ⺠PSTR model with lagged cash flows as regressors is the optimal forecasting model of earnings.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Che-Hui Cheng, Po-Chin Wu,