International Journal of Management and Applied Science (IJMAS)
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Volume-4,Issue-8  ( Aug, 2018 )
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Statistics report
Nov. 2018
Submitted Papers : 80
Accepted Papers : 10
Rejected Papers : 70
Acc. Perc : 12%
Issue Published : 54
Paper Published : 3319
No. of Authors : 6866
  Journal Paper




Paper Title :
Does The Market Value Earnings of Firms That are Generated from Financial Leverage? The Case of The Health Care Industry

Author :Joseph Cheng, Alfred Lam, Ellie Gao

Article Citation :Joseph Cheng ,Alfred Lam ,Ellie Gao , (2017 ) " Does The Market Value Earnings of Firms That are Generated from Financial Leverage? The Case of The Health Care Industry " , International Journal of Management and Applied Science (IJMAS) , pp. 26-29, Volume-3,Issue-9

Abstract : This paper sets forth a proposition that firms with debts be encouraged or required to disclose the unlevered EPS, which is derived by purging out the portion of earnings contributed by financial leverage. This alternative measure of earnings, which is referred here as zero leverage EPS or unlevered EPS, can provide a clearer focus on earnings which are purely performance related. This paper describes a statistical study for the health care industry which shows that stock return bears a stronger correlation with change in unlevered EPS than with the change in standard accounting EPS, thereby highlighting the merit of disclosing the unlevered EPS to stakeholders as an additional information for a more precise evaluation of pure operating performance of the firm.

Type : Research paper

Indexed : Google Scholar


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