An Evaluation of Accounting Based Measures of Expected …

Analyses of raw values lead to similar inferences. Our univariate statistics are based on the definition of r_news shown in equation (11). However, the value of r_news underlying our multivariate tests equals the additive inverse of the solution to equation (11) (i.e., ). IV.1. Univariate Analysis. Descriptive statistics are shown on Table 1. ................
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