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A Guide to Earnings Quality
Dichev, Ilia D. - 2013
This teaching guide is based on a comprehensive survey as well as in-depth interviews of Chief Financial Officers (CFOs). We ask the CFOs about the definition and drivers of earnings quality, with a special emphasis on the prevalence and detection of earnings misrepresentation. CFOs believe that...
Persistent link: https://www.econbiz.de/10013073661
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Do Digital Technology Firms Earn Excess Profits? An Alternative Perspective
Rajgopal, Shivaram; Srivastava, Anup; Zhao, Rong - 2021
Regulators have alleged that digital giants (Alphabet, Facebook, Microsoft, Apple, and Amazon) have misused their market power to earn abnormal profits. Research that systematically documents whether technology firms earn abnormal profits is limited, arguably because (i) U.S. GAAP based...
Persistent link: https://www.econbiz.de/10013239505
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The Misrepresentation of Earnings
Dichev, Ilia D. - 2015
We ask nearly 400 CFOs about the definition and drivers of earnings quality, with a special emphasis on the prevalence and detection of earnings misrepresentation. CFOs believe that the hallmarks of earnings quality are sustainability, absence of one-time items, and backing by actual cash flows....
Persistent link: https://www.econbiz.de/10013034441
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Earnings Quality : Evidence from the Field
Dichev, Ilia D. - 2013
The final working paper version: 'http://ssrn.com/abstract=2103384' http://ssrn.com/abstract=2103384.Presentation slides: "http://ssrn.com/abstract=2347428" http://ssrn.com/abstract=2347428.We provide insights into earnings quality from a survey of 169 CFOs of public companies and in-depth...
Persistent link: https://www.econbiz.de/10013081032
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Non-audit services and financial reporting quality : evidence from 1978 - 1980
Koh, Kevin; Rajgopal, Shivaram; Srinivasan, Suraj - 2011 - Rev.
We provide evidence on the long standing concern on auditor conflicts of interest from providing non-audit services (NAS) to audit clients by using rarely explored NAS fee data from 1978-80 Using this earlier setting, we find cross-sectional evidence of improved earnings quality when auditors...
Persistent link: https://www.econbiz.de/10009241457
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Do the FASB's Standards Add Shareholder Value?
Khan, Urooj - 2017
in estimation risk. The average standard is a non-event from the investors' perspective. We find that 104 of the 138 …. Surprisingly, 25 standards are associated with an increase in estimation risk. In cross-section, we find that firms with higher … levels of information asymmetry, lower contracting costs, and firms that experience a decrease in estimation risk are those …
Persistent link: https://www.econbiz.de/10012959260
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The changing landscape of auditor litigation and its implications for audit quality
Honigsberg, Colleen; Rajgopal, Shivaram; Srinivasan, Suraj - 2019
We provide a comprehensive overview of shareholder litigation against auditors since the passage of the PSLRA. The number of lawsuits per year has declined, dismissals have increased, and settlements in recent years have declined. Our study asks why. Because we find that the likelihood an...
Persistent link: https://www.econbiz.de/10012064872
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Do the FASB's Standards Add Shareholder Value?
Khan, Urooj - 2017
in estimation risk. The average standard is a non-event from the investors' perspective. We find that 104 of the 138 …. Surprisingly, 25 standards are associated with an increase in estimation risk. In cross-section, we find that firms with higher … levels of information asymmetry, lower contracting costs, and firms that experience a decrease in estimation risk are those …
Persistent link: https://www.econbiz.de/10012950531
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Non-Audit Services and Financial Reporting Quality : Evidence from 1978-1980
Koh, Kevin; Rajgopal, Shivaram; Srinivasan, Suraj - 2011
We provide evidence on the long standing concern on auditor conflicts of interest from providing non-audit services (NAS) to audit clients by using rarely explored NAS fee data from 1978-80. Using this earlier setting, we find cross-sectional evidence of improved earnings quality when auditors...
Persistent link: https://www.econbiz.de/10014177281
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Competitive Target Pay Practices for CEO Compensation
Ferrari, Mascia; O'Byrne, Stephen F.; Rajgopal, Shivaram; … - 2022
The competitive target pay policy sets a target amount of total compensation within a specified range of the amount paid to executive peers. If such a policy were widely adopted by compensation committees, we would observe a negative cross-sectional association between the stock price...
Persistent link: https://www.econbiz.de/10013403344