We appreciate comments received at the 2006 Journal of Accounting Research conference, Joseph Piotroski (discussant), Douglas Skinner (editor); seminars at Barclays Global Investors, Columbia University, Dartmouth University, Notre Dame University, RSA Erasmus, SUNY Buffalo, University of Amsterdam, UC Davis, University of New South Wales, University of Pennsylvania, Tilburg University, and the 2005 EFMA annual meeting; and those offered by Andrew Ang, Brad Barber, Peter Easton, Kenneth French, Nicholas Gonedes, Robert Holthausen, Charles Lee, Oliver Li, Tjomme Rusticus, Richard Sansing, Catherine Schrand, Thomas Stober, Phillip Stocken, and Moto Yogo.
The Book-to-Price Effect in Stock Returns: Accounting for Leverage
Version of Record online: 16 MAR 2007
Journal of Accounting Research
Volume 45, Issue 2, pages 427–467, May 2007
How to Cite
PENMAN, S. H., RICHARDSON, S. A. and TUNA, İ. (2007), The Book-to-Price Effect in Stock Returns: Accounting for Leverage. Journal of Accounting Research, 45: 427–467. doi: 10.1111/j.1475-679X.2007.00240.x
- Issue online: 16 MAR 2007
- Version of Record online: 16 MAR 2007
- Received 9 January 2006; accepted 19 December 2006
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