Stock prices can be influenced by many factors. It is possible to determine two categories of
variables that can affect stock prices: macroeconomic and microeconomic variables. The …

Purpose The purpose of the study is to investigate the association of earnings and cash
flows with stock prices and returns, and the impact of regulatory changes on the value …

The earnings-return relation was subject of numerous studies since the first study of this
relation conducted by Ball and Brown in 1968. These studies are relatively rare in transition …

The study of capital markets is a significant area within financial and accounting literature.
This research for example investigates the value relevance of accounting figures in …

The earnings-return relation has been the subject of numerous studies since the first study of
this relation conducted by Ball and Brown in 1968. These studies are relatively rare in …