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Analysts’ GAAP Earnings Forecasts and Their Implications for Accounting Research

Bradshaw, Mark - 2018

We examine analysts' GAAP earnings forecasts and illustrate their usefulness in two prominent research settings. First, we find that the availability of GAAP forecasts has increased dramatically since 2003, and they are now available for most I/B/E/S-covered firms. Next, we utilize GAAP...

Persistent link: https://www.econbiz.de/10012937955

Non-GAAP reporting : evidence from Academia and current practice

Black, Dirk E.; Christensen, Theodore E.; Ciesielski, … - 2017

The number of firms reporting earnings on a non-GAAP basis has dramatically increased over the past decade, and non-GAAP reporting is now commonplace in capital markets. This proliferation of non-GAAP reporting has renewed both regulators' and standard setters' interest in these alternative...

Persistent link: https://www.econbiz.de/10011756878

Policy implications of research on non-GAAP reporting

Black, Dirk E.; Christensen, Theodore E. - 2018

Over the past two decades, the regulatory landscape for non-GAAP reporting has evolved significantly. Despite a temporary decline in the frequency of non-GAAP reporting following Regulation G, the incidence of non-GAAP disclosure has continued to increase steadily, leading to a current all-time...

Persistent link: https://www.econbiz.de/10011847846

Comments on Canadian Accounting Standards Board Exposure Draft on Generally Accepted Accounting Principles for Private Enterprises

Bloomfield, Robert J.; Christensen, Theodore E.; … - 2013

The Canadian Accounting Standards Board (AcSB) issued an exposure draft on a proposal to adopt a separate 'Made in … consider including the mechanism for financing the standard setting board, the need to ensure compatibility between accounting … support this new private enterprise GAAP. This comment was developed by the Financial Accounting Standards Committee of the …

Persistent link: https://www.econbiz.de/10014206622

Investor Sentiment and Pro Forma Earnings Disclosures

Brown, Nerissa C. - 2012

This study examines the influence of investor sentiment on managers' discretionary disclosure of ldquo;pro formardquo; (adjusted) earnings metrics in earnings press releases. We find that managers' propensity to disclose an adjusted earnings metric increases with the level of investor sentiment...

Persistent link: https://www.econbiz.de/10012755105

The Relation between Investor Uncertainty and Market Reactions to Earnings Announcements : Evidence from the Property-Casualty Insurance Industry

Christensen, Theodore E. - 2005

This paper examines the association between pre-disclosure uncertainty and investor reliance on reported earnings. Our study is unique because it incorporates both context-specific and forecast-based measures of uncertainty. The analysis is based on data for 118 publicly-traded property and...

Persistent link: https://www.econbiz.de/10012737707

Factors Associated with Differences in the Magnitude of Abnormal Returns Around NYSE Versus NASDAQ Firms' Earnings Announcements

Cheon, Youngsoon Susan - 2002

This study provides an explanation for the quot;exchange effectquot; puzzle documented in prior accounting research …

Persistent link: https://www.econbiz.de/10012741749

The Effects of Uncertainty on the Informativeness of Earnings : Evidence from the Insurance Industry in the Wake of Catastrophic Events

Christensen, Theodore E. - 2001

This study examines the effects of uncertainty caused by large-scale catastrophes on the informativeness of earnings announcements by property and casualty insurers. It contributes to the literature on the effects of uncertainty on the informativeness of earnings announcements by distinguishing...

Persistent link: https://www.econbiz.de/10012743032

Do We Really 'Know' What We Think We Know? A Case Study of Seminal Research and its Subsequent Overgeneralization

Bamber, Linda Smith - 2000

This study provides evidence that accounting researchers have not fully appreciated the sensitivity of empirical … overgeneralization of early evidence. Specifically, we trace the evolution of thought regarding the information content of accounting ….While accounting scholars quot;think we understandquot; the impact of research design choices, the evidence presented here suggests …

Persistent link: https://www.econbiz.de/10012743437

The Effects of Executive Compensation Contracts and Auditor Effort on Pro Forma Reporting Decisions

Black, Dirk E. - 2014

We investigate two potential deterrents of aggressive pro forma reporting. First, the design of compensation contracts can encourage managers to adopt either a short- or a long-term focus. While it is difficult to observe whether compensation contracts are tied directly to pro forma earnings...

Persistent link: https://www.econbiz.de/10012708604