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The Promise and Challenges of New Datasets for Accounting Research

Teoh, Siew Hong - 2018

I describe a brief summary of the development of databases used in accounting research and discuss the research questions addressed in traditional databases and ‘new' databases. The new data include online searches such as Google Trends data; textual data from corporate disclosures, analyst...

Persistent link: https://www.econbiz.de/10012925671

Cater to Thy Client : Analyst Responsiveness to Institutional Investor Attention

Chiu, Peng-Chia - 2020

We study how institutional investor attention to a firm affects the timeliness of analysts' forecasts for that firm. We measure abnormal institutional attention (AIA) using Bloomberg news search activity for the firm on earnings announcement days. We find that analysts issue more timely...

Persistent link: https://www.econbiz.de/10012847939

Board Interlocks and Earnings Management Contagion

Chiu, Peng-Chia - 2013

We test whether earnings management (like a virus) spreads from firm to firm via board connections of shared directors (virus carriers). We use earnings restatements to identify firms that managed earnings and to identify the period when these firms manipulated earnings. We consider firms as...

Persistent link: https://www.econbiz.de/10013094062

Private Firm Investment and Public Peer Misvaluation

Badertscher, Brad A. - 2020

-held firms. An economic competition hypothesis predicts a negative relation because misvaluation-induced new investment by public … firms crowds out investment by private firms when they share common input or output markets. An alternative shared sentiment …-peer misvaluation and private firm investment. Our results indicate that private firms finance misvaluation-induced investment primarily …

Persistent link: https://www.econbiz.de/10012855895

Limited Attention, Statement of Cash Flow Disclosure, and the Valuation of Accruals

Miao, Bin - 2015

We test for the effect of limited attention on the valuation of accruals by comparing the immediate and long-term market reactions to earnings announcements between a subsample of firms that disclose only the balance sheet with a subsample of firms that disclose both the balance sheet and the...

Persistent link: https://www.econbiz.de/10013034793

The Psychological Attraction Approach to Accounting and Disclosure Policy

Hirshleifer, David; Teoh, Siew Hong - Volkswirtschaftliche Fakultät, … - 2009

We offer here the psychological attraction approach to accounting and disclosure rules, regulation, and policy as a program for positive accounting research. We suggest that psychological forces have shaped and continue to shape rules and policies in two different ways. (1) Good Rules for Bad...

Persistent link: https://www.econbiz.de/10005835730

Are Overconfident CEOs Better Innovators?

Hirshleifer, David; Low, Angie; Teoh, Siew Hong - Volkswirtschaftliche Fakultät, … - 2010

Using options- and press-based proxies for CEO overconfidence (Malmendier and Tate 2005a, 2005b, 2008), we find that over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain more patents and patent citations, and achieve greater...

Persistent link: https://www.econbiz.de/10008560965

Private firm investment and public peer misvaluation

Badertscher, Brad A.; Shanthikumar, Devin; Teoh, Siew Hong - In: The accounting review : a publication of the American … 94 (2019) 6, pp. 31-60

Persistent link: https://www.econbiz.de/10012134975

Overvalued Equity and Financing Decisions

Dong, Ming - 2012

issuance to misvaluation. Consistent with managers catering to maintain overvaluation and with investment scale economy effects …

Persistent link: https://www.econbiz.de/10013114532

Tone Management

Huang, Xuan - 2013

We investigate whether and when firms manage the tone of words in earnings press releases, and how investors react to tone management. We estimate abnormal positive tone, ABTONE, as a measure of tone management from residuals of a tone model that controls for firm quantitative fundamentals such...

Persistent link: https://www.econbiz.de/10013092143