earnings quality factors, the incremental usefulness of this accounting signal increases significantly. Second, this paper … profitability. In doing so, I incorporate the main drivers of earnings quality (i.e. fundamental performance and the accounting … accounting information. I document that both analysts and investors appear to efficiently incorporate earnings quality …

accounting, during their first (partial) year in charge, (2) incoming CEOs from outside the bank take a larger earnings bath than …

already known accounting information. …