earnings and firm value (e.g. Lev and Thiagarajan, 1993; Abarbanell and Bushee, 1997; Tomy, 2012; Yao, 2014). • If fundamental information is manifested in earnings persistence or reflects earnings growth
firm value. 8 If fundamental information is manifested in earnings persistence or reflects earnings growth, it seems logical that a firm with stronger fundamentals would exhibit either higher persistence
Fundamental Investment Analyst on Derivatives