... Barth (19 91) , and Shevlin (19 91) examine the role of balance sheet measures in equity valuation. Other studies such as Ball and Brown (19 68), Barth, Beaver, and Landsman (19 92), Collins and Kothari ... price-earnings anomaly observed for loss firms in the cur-rent paper and in Jan and Ou (19 95), Burgstahler and Dichev (19 97), and Kothari and Zimmerman (19 95). Collins, Pincus, and Xie (19 99) provide ... Department of Accounting and Finance University of West Georgia Carrollton, GA 3 011 8, USA Tel.: 678-839-4 812 Email: rbest@westga.edu Chapter 7 Min-Jeng Shiue Department of Accounting National...