| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086811 | Journal of Accounting and Economics | 2012 | 20 Pages |
Abstract
⺠This paper introduces cross-sectional earnings dispersion as a new measure of aggregate risk. ⺠We hypothesize that expected earnings dispersion result from uncertainty and/or unemployment. ⺠Aggregate stock market returns are positively (negatively) related to contemporaneous (future one-year ahead) earnings dispersion.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Bjorn Jorgensen, Jing Li, Gil Sadka,