Timeline for How to interpret Whited Wu index (WW-index)
Current License: CC BY-SA 3.0
6 events
when toggle format | what | by | license | comment | |
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Jan 4, 2015 at 0:08 | comment | added | Alecos Papadopoulos | All variables are ratios, percentages, dummies (so original units have been neutralized) except one which is in logarithms (and here units do matter). And in Table 2 they say that total assets are measured in millions of USD. | |
Jan 3, 2015 at 23:57 | vote | accept | Kirill Lykov | ||
Jan 3, 2015 at 23:41 | comment | added | Kirill Lykov | Not sure - they don't write explicitly that it is in percentages or in other units. More than that, Tables 2 and 3 suggest that everything is not in percent. Plus they write that assets are in $ millions in these tables. Do you think that they use the same numbers (units) in the calculations as for these tables? | |
Jan 3, 2015 at 23:18 | comment | added | Alecos Papadopoulos | All variables in the definition of the index are pretty straightforward: obtain magnitudes from balance sheets, use percentages for growth rates. The authors refer to an older paper of one of them, where one can find that "Cash Flow" is defined as "Income + Depreciation". | |
Jan 3, 2015 at 22:34 | comment | added | Kirill Lykov | Regarding negative values - didn't payed attention to this since some authors have negative values (which looks weird). The only thing where it might be a mistake in my calculations is units. I suppose that all ratios are in raw numbers (not percentage) and the unit of money is $ thousands (used in ln(TotalAssets)), am I right? | |
Jan 3, 2015 at 21:37 | history | answered | Alecos Papadopoulos | CC BY-SA 3.0 |