Biases and Lags in Book Value and Their Effects on the Ability of the Book-to-Market Ratio to Predict Book Return on Equity

Biases and Lags in Book Value and Their Effects on the Ability of the Book-to-Market Ratio to Predict Book Return on Equity

By
William H. Beaver, Stephen G. Ryan
Journal of Accounting Research.
2000, Vol. 38, Issue 1, Pages 127-148