Hirshleifer, David; Hou, Kewei; Teoh, Siew Hong; Zhang, … - 2003 - [Elektronische Ressource]
PERFORMANCE
David Hirshleifer*
Kewei Hou*
Siew Hong Teoh*
Yinglei Zhang*
*Fisher College of … MISPERCEPTIONS
OF BALANCE SHEET INFORMATION:
NET OPERATING ASSETS
AND THE SUSTAINABILITY OF FINANCIAL PERFORMANCE
This paper …-term sustainability of the firm’s financial
performance. In our 1964-2002 sample, the ratio of net operating assets to beginning total …