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earnings. Fundamentals may drive earnings persistence, which in turn, may lead to earnings strings. Chen (2013) finds that time-varying earnings persistence model based on fundamentals can explain post
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, it seems logical that a firm with stronger fundamentals would exhibit either higher persistence of earnings or larger subsequent earnings growth or both, and in turn higher prices. • Theoretically, I
?Persistence of Equity Mutual Fund Performance in Thailand? evaluated whether or not the performance of Thai equity funds persist. Good mutual funds should provide both returns satisfying investment goals of
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