... variance of accounting- and marketbased measures of performance To devise a measure of signal in accounting- based measures, we apply recent research by Ball et al (2000) and Bushman et al (2004), ... ¼ 14; 846Þ E Engel et al / Journal of Accounting and Economics 36 (2003) 197–226 Table Summary statistics ARTICLE IN PRESS E Engel et al / Journal of Accounting and Economics 36 (2003) 197–226 ... PRESS 218 E Engel et al / Journal of Accounting and Economics 36 (2003) 197–226 Table Logit analysis of CEO turnover regressed on accounting and stock performance measures, signal and noise proxies,...