Skip to main content

Table 2 Correlation analysis

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

Variables

R

EPS/Pt−1

ΔEPS/Pt−1

Rit

1.0000

  

EPS/Pt−1

0.1017

1.0000

 

ΔEPS/Pt−1

0.0870

0.6238

1.0000

  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