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Mayew, William J.; Venkatachalam, Mohan - In: Foundations and Trends(R) in Accounting 7 (2013) 2, pp. 73-130

and accounting numbers. Managers communicate economically relevant information both verbally, in documents distributed and … communication that occurs in organizational contexts. We also explore possible ways in which accounting researchers can draw useful …

Persistent link: https://www.econbiz.de/10011163305

Economic Consequences of IFRS Adoption : The Role of Changes in Disclosure Quality

Li, Bin; Siciliano, Gianfranco; Venkatachalam, Mohan - 2020

This study adopts a two-step approach to highlight the disclosure quality channel that drives economic consequences of International Financial Reporting Standards [IFRS] adoption. This approach helps address the identification challenge noted by prior research and offer direct evidence on the...

Persistent link: https://www.econbiz.de/10014352039

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

Choudhary, Preeti - 2012

In December 2004, the Financial Accounting Standards Board (FASB) mandated the use of a fair value based measurement …

Persistent link: https://www.econbiz.de/10012755025

The Power of Voice : Managerial Affective States and Future Firm Performance

Mayew, William J. - 2011

We measure managerial affective states during earnings conference calls by analyzing conference call audio files using vocal emotion analysis software. We hypothesize and find that when managers are scrutinized by analysts during conference calls, positive and negative affect displayed by...

Persistent link: https://www.econbiz.de/10012756561

The Accrual Anomaly : International Evidence

Pincus, Morton - 2005

accounting structures across the countries. We consider a country's legal tradition, institutional and accounting characteristics … the accrual anomaly is more likely to occur in countries where extensive use of accrual accounting is permitted, the …

Persistent link: https://www.econbiz.de/10012737582

Does the Stock Market Fully Appreciate the Implications of Leading Indicators for Future Earnings? Evidence from Order Backlog

Rajgopal, Shivaram - 2003

A number of recent studies assume market efficiency and hence interpret an association between stock returns and leading indicators as evidence of the contribution of such indicators to future earnings. We explicitly examine (i) whether one leading indicator - order backlog - has predictive...

Persistent link: https://www.econbiz.de/10012740503

Is Institutional Ownership Associated with Earnings Management and the Extent to Which Stock Prices Reflect Future Earnings?

Rajgopal, Shivaram - 1999

Articles in the financial press suggest that institutional investors are overly focused on short-term profitability leading mangers to manipulate earnings fearing that a short-term profit disappointment will lead institutions to liquidate their holdings. This paper shows, however, that the...

Persistent link: https://www.econbiz.de/10012743843

Differential Pricing of Discretionary, Nondiscretionary and Noise Components of Loan Fair Values

Beaver, William H. - 1999

Using a sample of banks, this study examines the capital market pricing implications of three components of loan fair values. We find that the nondiscretionary component is priced on a dollar-for-dollar basis, the discretionary component is assigned a significantly larger multiple and the noise...

Persistent link: https://www.econbiz.de/10012743987

The Association between Earnings Sensitivity Measures and Market Determined Risk Exposures : The Case of Oil Price Risk for Petroleum Refiners

Rajgopal, Shivaram - 1999

Using a sample of petroleum refining firms, this paper provides evidence that earnings sensitivity measures analogous to those mandated by the SEC's (1997) new market risk disclosure rules are positively associated with stock market determined oil price exposures. We also find that earnings...

Persistent link: https://www.econbiz.de/10012743994

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 … firms' post-IPO life stock market returns beyond that explained by accounting earnings. However, accounting earnings do not … explain variation in post-IPO stock returns. Thus, investors appear to supplement relatively meager accounting information …

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