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dc.contributor.advisorMoses, O. Douglas
dc.contributor.authorHauge, Todd Allen
dc.dateDecember 1989
dc.date.accessioned2013-01-23T22:09:28Z
dc.date.available2013-01-23T22:09:28Z
dc.date.issued1989-12
dc.identifier.urihttp://hdl.handle.net/10945/27111
dc.descriptionApproved for public release; distribution is unlimited
dc.description.abstractThis thesis analyzes whether the quality of earnings concept can be usefully employed in the security analysis of defense contractors. Background is provided by an extensive review of the literature relevant to quality of earnings. Since the quality of earnings concept is very subjective, specific quantitative measures of quality of earnings are developed and used in a statistical analysis to validate the variables as explanatory predictors of a firm's price earnings (P/E) ratio. The statistical techniques employed include Pearson's Product Moment Correlation, Spearman's Rank Order Correlation, stepwise regression and other multiple linear regression models. Results of the study suggest that there are significant relationships between several hypothesized quality of earnings variables and a firm's P/E ratio. The statistically significant variables in the final regression models explain between 67.8% and 76.6% of the variation in the P/E ratio. The evidence indicates that variables related to cash flow, degree of government business, order backlogs and earnings stability reflect aspects of a firm's quality of earnings.
dc.description.urihttp://archive.org/details/investigationofq00haug
dc.format.extent86 p.en_US
dc.language.isoen_US
dc.publisherMonterey, California. Naval Postgraduate Schoolen_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
dc.titleAn investigation of the quality of earnings concept as applied to defense contractors.en_US
dc.typeThesisen_US
dc.contributor.secondreaderMatthews, Danny G.
dc.contributor.corporateNaval Postgraduate School (U.S.)
dc.contributor.departmentAdministrative Sciences
dc.subject.authorquality of earningsen_US
dc.subject.authordefense contractorsen_US
dc.description.serviceLieutenant, United States Navy
etd.thesisdegree.nameM.S. in Managementen_US
etd.thesisdegree.levelMastersen_US
etd.thesisdegree.disciplineManagementen_US
etd.thesisdegree.grantorNaval Postgraduate Schoolen_US


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