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The stock price effects of changes in dispersion of investor beliefs during earnings announcements
Rees, Lynn; Thomas, Wayne B. - In: Review of accounting studies 15 (2010) 1, pp. 1-31
Persistent link: https://www.econbiz.de/10003966347
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The market's reaction to unexpected earnings thresholds
Herrmann, Don; Hope, Ole-Kristian; Payne, Jeff L.; … - In: Journal of business finance & accounting : JBFA 38 (2011) 1/2, pp. 34-57
Persistent link: https://www.econbiz.de/10008988790
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A test of the market's mispricing of domestic and foreign earnings
Thomas, Wayne B. - In: Developments in financial reporting by multinationals, (pp. 195-219). 2004
Persistent link: https://www.econbiz.de/10002129071
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A test of the market's mispricing of domestic and foreign earnings
Thomas, Wayne B. - In: Journal of accounting & economics 28 (1999) 3, pp. 243-267
Persistent link: https://www.econbiz.de/10001489455
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The persistence and forecast accuracy of earnings components in the USA and Japan
Herrmann, Don; Inoue, Tatsuo; Thomas, Wayne B. - In: Journal of international financial management and accounting 11 (2000) 1, pp. 48-70
Persistent link: https://www.econbiz.de/10001517690
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The Market’s Reaction to Unexpected Earnings Thresholds
Herrmann, Don - 2010
earnings thresholds – reporting a profit, reporting an increase in earnings, and meeting analysts' forecasts. In contrast to … prior research, the research design identifies the incremental market reaction to the profit and earnings increase …-related incentives to manage earnings at the profit and earnings increase thresholds suggests either that managers have other incentives …
Persistent link: https://www.econbiz.de/10013139531
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A Test of the Market’s Mispricing of Domestic and Foreign Earnings
Thomas, Wayne B. - 2011
This study investigates whether abnormal returns can be earned using public information about firms' domestic and foreign earnings. The results indicate that the market understates foreign earnings' persistence. As a result, it is possible to construct a zero-investment hedge portfolio that...
Persistent link: https://www.econbiz.de/10013117470
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The Influence of Strong Shareholders on Earnings Management
Lail, Bradley E. - 2014
Presumably, shareholder rights aim to better align the actions of managers with the interests of shareholders; however, it is not clear from prior research whether such alignment mitigates or exacerbates managers' propensity to manage earnings. We document that when shareholder rights are...
Persistent link: https://www.econbiz.de/10013064953
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Managerial Equity Holdings and Income Smoothing Incentives
Shu, Sydney Qing - 2017
Our study explores how managerial stock holdings and option holdings affect CEOs' income smoothing incentives. Given the different roles of stock holdings and option holdings in solving agency problems, managers may smooth past earnings using discretionary accruals for the purpose of revealing...
Persistent link: https://www.econbiz.de/10012971185
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The Market’s Reaction to Unexpected Earnings Thresholds
Herrmann, Don - 2010
earnings thresholds – reporting a profit, reporting an increase in earnings, and meeting analysts' forecasts. In contrast to … prior research, the research design identifies the incremental market reaction to the profit and earnings increase …-related incentives to manage earnings at the profit and earnings increase thresholds suggests either that managers have other incentives …
Persistent link: https://www.econbiz.de/10013144414