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NUEVO ENFOQUE EN LA ESTIMACIÓN DE LOS AJUSTES POR DEVENGO ANORMALES: UN MODELO DESAGREGADO

Poveda, Francisco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003

A fundamental question about the analysis of financial information is the potential manipulations that could be introduced by insiders in the information that is revealed to investors. In this context, this article is focused on the analysis of abnormal accruals as a potential instrument to...

Persistent link: https://www.econbiz.de/10005212545

A NEW MARKETING SEGMENTATION APPROACH BASED ON MARGINAL INDIVIDUAL UTILITIES: APPLYING CRM IS NOT A CHIMERA ANYMORE

Más, Francisco J.; Nicolau, Juan Luis - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

In the advent of Customer Relationship Management, a more accurate profile of the consumer is needed. The objective of this paper is to show the usefulness of knowing consumer¿s complete utility function through his/her marginal utilities. This approach allows one to form groups of individuals...

Persistent link: https://www.econbiz.de/10005212546

Determinantes de la divulgación de información previsional en España: un análisis de las empresas del ibex 35

Trombetta, Marco; Urquiza, Francisco Bravo; Navarro, … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

In recent years, users' information needs have changed, and forward-looking information has become of great importance, as it has been highlighted in many international and national reports. Nonetheless, Spanish regulations are not very specific in this respect, since although it is required to...

Persistent link: https://www.econbiz.de/10005731097

ANÁLISIS EMPÍRICO DE LA RELACIÓN ENTRE CREACIÓN DE VALOR Y RESULTADOS

Poveda, Francisco; Iñiguez, Raúl - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000

MVA and several performance measures (accounting benefit vs. EVA)is carried out with a sample of Spanish firms. Using … other performance measures like accounting benefit. Furthermore, the fact of taking intoaccount a capital charge for the …

Persistent link: https://www.econbiz.de/10005731139

ANÁLISIS EMPÍRICO DE LOS DESTINOS DE LOS CASH FLOWS EN EMPRESAS ESPAÑOLAS

Mateos, Ana-Isabel; González, Mariano - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

In financial literature, different ways of estimating the cash flow generated in a firm can be found. These methods are based on the estimation of these flows and on the analysis of the components that are involved in them. Although the estimation is important, we want to know what these cash...

Persistent link: https://www.econbiz.de/10005731157

CUESTIONES ESTADÍSTICAS SOBRE MODELOS Y CONTRASTES DE AJUSTES POR DEVENGO ANORMALES

Poveda, Francisco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001

During the nineties, the main issue in earnings management research has beenfocused on models¿ specification to estimate the abnormal component of accruals buttoday it does not exist a generalised consensus about current models. In this paper, wepresent an analysis of statistic and econometric...

Persistent link: https://www.econbiz.de/10005731165

Corporate governance and impression management in annual press releases

Osma, Beatriz García; Saorín, Encarna Guillamón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

We study the association between corporate governance and impression management in annual results press releases (ARPRs). Press releases constitute a timely vehicle to communicate firm performance to third parties. However, oftentimes, managers provide self-serving disclosures that attempt to...

Persistent link: https://www.econbiz.de/10005731173

REVISIÓN DE EXPECTATIVAS EN LAS PRESENTACIONES DE EMPRESA ANTE LOS ANALISTAS FINANCIEROS

Sala, Juan Carlos Gómez; Gil, Ana; Poveda, Francisco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

This study examines the reactions of the Spanish capital market and financial analysts to CEO presentations organized by the Spanish Society of Financial Analysts. The sample contains 156 presentations that took place during the period 1994-2000. To estimate the effect of these meetings -on...

Persistent link: https://www.econbiz.de/10005812830

Strategic accounting choice around firm level labour negotiations

Sabater, Ana María; Mora, Araceli; Osma, Beatriz García - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2010

We study accounting choice around firm-level collective agreement negotiations. Prior literature argues that managers … make income-decreasing accounting choices to limit the concessions made to trade unions. However, empirical research to … than accounting actions to minimize payments. In particular, we find evidence consistent with (i) managerial strategic …

Persistent link: https://www.econbiz.de/10008678228

SUBJETIVIDAD DE LOS AJUSTES POR DEVENGO Y VALORACIÓN DE SU CALIDAD EN EL MERCADO DE DEUDA: EVIDENCIA EMPIRICA PARA EMPRESAS NO COTIZADAS

Albornoz, Belén Gill de; Muñoz, Manuel Illueca - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

This paper examines the effect of accruals subjectivity on the way investors use the information contained in accruals to set the interest rates charged in debt contracts. To measure the degree of subjectivity involved in the estimation of accruals we use several indicators of their ex ante...

Persistent link: https://www.econbiz.de/10005515811