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Future Business Journal

Table 1 Descriptive statistics

From: An empirical study of the earnings–returns association: an evidence from China’s A-share market

Variables

Obs.

Mean

SD

Min

Max

Rit

21,351

.366891

.9315731

− .86725

21.52632

EPS/Pt−1

21,351

.026085

.1204007

− 5.606327

2.97778

ΔEPS/Pt−1

21,351

.0041936

.1507418

− 5.659051

8.81215

  1. Rit is the stock return for i companies in t year, EPS refers to the earning per share, and ΔEPS is the change in the earning per share. The EPS/Pt−1 refers to earnings level variable, and ΔEPS/Pt−1 refers to the change in earnings, Pt−1 refers to the market price at the beginning of the period of each year, as all sample companies end their fiscal year on 31/12 each year
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