As shown in Figure 5, total asset turnover increased by an average of 14 percent for firms adopting residual income relative to control firms in the period subsequent to adoption. This increase is statistically significant at conventional levels.
As shown in Figure 5, total asset turnover increased by an average of 14 percent for firmsadopting residual income relative to control firms in the period subsequent to adoption. Thisincrease is statistically significant at conventional levels.