Download or read book A Specification Analysis of the Unexpected Earnings Response Regression Model written by C. S. Agnes Cheng and published by . This book was released on 1991 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On the Factors Influencing Return Earnings Relationship written by Reza Espahbodi and published by . This book was released on 2000 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many studies have attempted to identify firm specific characteristics that influence the return-earnings relationship. The R-squared reported in these studies, however, are generally low and the earnings response coefficients are less than the theoretical value. Three factors have contributed to the low R-squared and the varying estimates of the earnings response coefficients: (1) violation of the OLS regression assumptions, particularly the linearity assumption, (2) omission of important (and correlated) variables, and (3) subjective specification of what variables (and interaction terms) to include in the earnings response regression.This study attempts to avoid these problems. Specifically, I examine all firm-specific characteristics that are known to influence the relationship between earnings and security return. This reduces the likelihood of an omitted correlated variable problem. More importantly, I use the recursive partitioning technique developed by Breiman et al. (1984), thus avoiding the subjectivity in specifying the earnings response regression model as well as the problems resulting from the distributional assumptions of the ordinary regression analysis.The recursive partitioning analysis indicates that five factors - size, market to book, earnings predictability, earnings persistence, and book value per share - affect the return-earnings relationship either individually and/or in interaction with each other and unexpected earnings. When included in the earnings response regression, these factors and their interactions explain a large percentage of the cross-sectional variations in return. Sensitivity tests are performed for alternate return windows and measure of earnings.

Download or read book Essays on Earnings Response Coefficient written by Krishnamoorthy Ramesh and published by . This book was released on 1991 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Analysts Overreaction underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior written by Jeffery Abarbanell and published by . This book was released on 1991 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Earnings Measurement Determination Management and Usefulness written by Ahmed Riahi-Belkaoui and published by Bloomsbury Publishing USA. This book was released on 1999-11-30 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Riahi-Belkaoui examines the crucial issues involved in the determination and uses of earnings as a measure of financial performance. He points out that the nature and measurement of earnings are subject to various interpretations, that determination of earnings follows determination of net value added, and that earnings is subject to management manipulation (earnings can be smoothed, for example.) A succinct, penetrating, illuminating treatment of earnings in general as well as its particulars, the book will be especially useful to upper management and accounting professionals, and to their colleagues in the academic community. Riahi-Belkaoui argues that the interest in earnings and its related issues of measurement, determination, management, and usefulness stems from three factors: 1) the crucial importance of earnings as the shareholders' share of the corporation's wealth; 2) the reliance of investors and users on earnings and the transformation of earnings for resource allocation decision making; and 3), the direct association between the efficiency of the capital markets and timely provision of earnings data. Each chapter identifies the nature of the issues surrounding the concept of earnings and presents empirical evidence that can be used to make enlightened corporate decisions or to aid in the development of public policy.

Download or read book Journal of Accounting Literature written by and published by . This book was released on 1991 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Earnings Management written by Joshua Ronen and published by Springer Science & Business Media. This book was released on 2008-08-06 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?

Download or read book Focus on Finance and Accounting Research written by Michael H. Neelan and published by Nova Publishers. This book was released on 2007 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Preface; The Role of Revenues and Costs in CEO Compensation; The Importance of Intellectual Capital Reporting: Perspectives from Finance Professionals; Has Regulation Changed the Market's Reward for Meeting or Beating Expectations?; Reaction of the Brazilian Stock Market to Positive and Negative Shocks; Earnings Management to Meet Earnings Benchmarks: Evidence from Japan; Audit in Ukraine; Auditor Reputation and Auditor Independence: Evidence from an Emerging Market; Trends of the Returns-Earnings Associations Over the Last Three Decades; Managers' Discretionary Behaviour, Earnings Management and Corporate Governance: An Empirical International Analysis; Index.

Download or read book A Reexamination of Auditor Versus Model Accuracy Within the Context of the Going concern Opinion Decision written by William S. Hopwood and published by . This book was released on 1991 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Advances in International Accounting written by J. Timothy Sale and published by Elsevier. This book was released on 2004-09-11 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in International Accounting is a refereed, academic research annual, that is devoted to publishing articles about advancements in the development of accounting and its related disciplines from an international perspective. This serial examines how these developments affect the financial reporting and disclosure practices, taxation, management accounting practices, and auditing of multinational corporations, as well as their effect on the education of professional accountants worldwide. Advances in International Accounting welcomes traditional and alternative approaches, including theoretical research, empirical research, applied research, and cross-cultural studies.

Download or read book Research in Finance written by Andrew H. Chen and published by Emerald Group Publishing. This book was released on 2008-03-04 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains contributions on a range of important issues in research in finance and economics. This volume includes topics such as the IPO underwriting spreads, the moral hazard problems in bank regulation as well as in the cost of deposit insurance, the loan yield spreads, and the aggregate bank performance at the state-level.

Download or read book Accounting Earnings Can Explain Most of Security Returns written by Peter Douglas Easton and published by . This book was released on 1990 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book journal of accounting economics written by and published by . This book was released on 1995 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Presentation of Multiattribute Data written by Narayan S. Umanath and published by . This book was released on 1991 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Journal of Forecasting written by International institute of forecasters and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Empirical Investigation of the Implications of Employee Ownership for the Agency Problem and the Information Content of Earnings written by Barbara Ann Lougee and published by . This book was released on 1999 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stochastic Precision and Market Reactions to Earnings Announcements written by K. R. Subramanyam and published by . This book was released on 1993 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: