... time patterns showthat the overall explanatory power is increasing for Korea, the Philippines, and Taiwan, and declining for Indonesia and Thailand and mixed for Malaysia. Similarly, the incremental ... the incremental explanatory power of BVPS is increasing for Korea, the Philippines, and Taiwan, decreasing for Indonesia and Thailand, and mixed for Malaysia. For the incremental explanatory power of residual ... book value and allow a better separation of the explanatory power of book value and earnings. Second, we investigate the effects of different price dates in the relation. We findthat year-end...