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Managerial Actions, Stock Returns, and Earnings : The Case of Business-to-Business Internet Firms

Rajgopal, Shivaram - 2014

In this study we investigate the role played by managerial actions in explaining stock market returns and accounting earnings of 57 Internet firms engaged in Business-to-Business (B2B) e-commerce. We classify 3,166 managerial actions undertaken by our sample firms between the firm's IPO date and...

Persistent link: https://www.econbiz.de/10012710486

Lowballing for 'Pop' : The Case of Internet IPO Underpricing

DuCharme, Larry - 2014

Three explanations are commonly offered for the unprecedented levels of underpricing in recent IPOs by Internet firms: (1) media hype drives underpricing; (2) Internet firms leave money on the table to be able to follow up underpriced IPOs with follow on financing offers; and (3) underpricing is...

Persistent link: https://www.econbiz.de/10012710487

Determinants of Revenue Reporting Practices for Internet Firms

Bowen, Robert M. - 2014

, and examines economic factors that potentially influence Internet company managers' decisions to adopt allegedly … the extent of active individual investor interest in a firm influence Internet managers' use of allegedly aggressive … marketing and content alliances, suggesting the potential for future alliances may be another motivation for managers to enter …

Persistent link: https://www.econbiz.de/10012710488

Does the Quality of Online Customer Experience Create a Sustainable Competitive Advantage for E-Commerce Firms?

Rajgopal, Shivaram - 2014

Claims have often been made that the quality of the online customer experience in terms of web site ease of use, selection of goods offered, quality of customer service, the effectiveness of virtual community building, and site personalization are crucial to the success of e-commerce firms. If...

Persistent link: https://www.econbiz.de/10012710519

The Relevance of Web Traffic for Stock Prices of Internet Firms

Rajgopal, Shivaram - 2014

This study shows that web traffic is an important non-financial indicator of the market values of Business to Consumer (B2C) Internet firms. We add three important insights to the literature on the value-relevance of traffic. We show that traffic is a summary measure of the strategies that firms...

Persistent link: https://www.econbiz.de/10012710560

Response to the FASB's Preliminary Views on Financial Instruments with Characteristics of Equity

Stober, Thomas L. - 2013

The Financial Accounting Standards Committee of the American Accounting Association (the Committee) is charged with responding to requests for comments from standard-setters on issues related to financial reporting. The Financial Accounting Standards Board (FASB) recently requested comments on...

Persistent link: https://www.econbiz.de/10012710855

A Perspective on the SEC's Proposal to Accept Financial Statements Prepared in Accordance with International Financial Reporting Standards (IFRS) Without Reconciliation to U.S. GAA...

Jamal, Karim - 2013

The Securities and Exchange Commission (SEC) recently issued a call for comment on a proposal to accept financial statements prepared in accordance with international financial reporting standards (IFRS) without reconciliation to U.S. GAAP. Accounting researchers have attempted to assess the...

Persistent link: https://www.econbiz.de/10012711326

Comments by the American Accounting Association's Financial Accounting Standards Committee on the FASB's 'Conceptual Framework for Financial Reporting (Hereafter CF)', Call for Pre...

Benston, George J. - 2013

The American Accounting Association's Financial Accounting Standards Committee is pleased to have an opportunity to express its views on the FASB's Call for Preliminary Views on its Conceptual Framework. We applaud the decision of the FASB to develop a Conceptual Framework and seek comments on...

Persistent link: https://www.econbiz.de/10012711583

CEO and CFO Career Penalties to Missing Quarterly Analysts Forecasts

Mergenthaler, Richard - 2012

This study examines whether the board of directors penalizes CEOs and CFOs in the form of bonus cuts, fewer equity grants, and forced turnover for the act of barely missing the latest consensus analyst forecast and whether such penalties are consistent with efficient contracting or fixation. We...

Persistent link: https://www.econbiz.de/10012712709

Accelerated Vesting of Employee Stock Options in Anticipation of FAS 123-R*

Venkatachalam, Mohan - 2012

In December 2004, the Financial Accounting Standards Board (FASB) mandated the use of a fair value based measurement attribute to value employee stock options (ESOs) via FAS 123-R. In anticipation of FAS 123-R, between March 2004 and November 2005, several firms accelerated the vesting of ESOs...

Persistent link: https://www.econbiz.de/10012713391