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Can earnings fixated investors survive in a competitive securities market? : implications for sustained price anomalies and mark-to-market accounting

Callen, Jeffrey L.; Luo, Guo Ying - 2018

We model the dynamic survival of earnings fixated investors in a competitive securities market that allows for learning and arbitrage and that is populated by heterogeneous investors. Our model is distinct from those based on aggressive trading by overconfident investors. We prove that in the...

Persistent link: https://www.econbiz.de/10011897946

Do Culture and Religion Mitigate Earnings Management? Evidence from a Cross-Country Analysis

Callen, Jeffrey L. - 2010

This study investigates whether culture in general and religion in particular mitigate earnings management. Using a cross-country data set, empirical tests based on rank regressions indicate that earnings management is unrelated to both religious affiliation and the degree of religiosity. In...

Persistent link: https://www.econbiz.de/10013136306

Protection of Proprietary Information and Financial Reporting Opacity : Evidence from a Natural Experiment

Callen, Jeffrey L.; Fang, Xiaohua; Zhang, Wenjun - 2021

shock to the proprietary costs of disclosure and study the impact of the IDD on corporate financial reporting policy. We … reporting opacity relative to firms headquartered in states that fail to adopt the IDD. Our finding is robust to a battery of … external monitoring. Further, our path analysis shows that financial reporting opacity engendered by the adoption of IDD had …

Persistent link: https://www.econbiz.de/10013248833

Board Composition, Committees and Organizational Efficiency : The Case of Nonprofits

Callen, Jeffrey L. - 2014

This paper investigates the relationship between nonprofit board composition and organizational efficiency. Overall, we find a significant statistical association between the presence of major donors on the board and indicators of organizational efficiency. While proof of a causal link is beyond...

Persistent link: https://www.econbiz.de/10012752711

The volatility of return revisions and financial statement literacy in emerging markets : the case of cross-listed Chinese firms

Callen, Jeffrey L.; Lai, Karen; Wei, Steven X. - 2016

Are foreign investors in emerging markets more financial statement literate than domestic investors? If so, this conjecture implies that foreign (domestic) investors are more likely to revise their return expectations to cash flow (discount rate) news. It also implies that cash flow news and...

Persistent link: https://www.econbiz.de/10011442813

The volatility of return revisions and financial statement literacy in emerging markets : the case of cross-listed Chinese firms

Callen, Jeffrey L.; Lai, Karen; Wei, Steven X. - In: Journal of business finance & accounting : JBFA 43 (2016) 5/6, pp. 572-596

Persistent link: https://www.econbiz.de/10011610323

Linear accounting valuation when abnormal earnings are AR(2)

Callen, Jeffrey L.; Morel, Mindy - In: Review of quantitative finance and accounting 16 (2001) 3, pp. 191-203

Persistent link: https://www.econbiz.de/10001748024

Can Earnings Fixated Investors Survive in a Competitive Securities Market? Implications for Sustained Price Anomalies and Mark-to-Market Accounting

Callen, Jeffrey L. - 2012

Persistent link: https://www.econbiz.de/10013112433

The pricing of conservative accounting and the measurement of conservatism at the firm-year level

Callen, Jeffrey L.; Segal, Dan; Hope, Ole-Kristian - In: Review of accounting studies 15 (2010) 1, pp. 145-178

Persistent link: https://www.econbiz.de/10003966359

Do culture and religion mitigate earnings management? : evidence from a cross-country analysis

Callen, Jeffrey L.; Morel, Mindy; Richardson, Grant - In: International journal of disclosure and governance 8 (2011) 2, pp. 103-121

Persistent link: https://www.econbiz.de/10009153487