Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10011660904
Persistent link: https://www.econbiz.de/10011660906
Persistent link: https://www.econbiz.de/10010459687
Persistent link: https://www.econbiz.de/10010236028
Persistent link: https://www.econbiz.de/10011660903
Uncertainty about firms' future payoffs is the dominant factor in explaining stock return volatility at the firm level. However, summary financial statement numbers such as earnings only provide a limited measure of expected payoffs, as they do not reflect firms' fundamentals on a timely basis....
Persistent link: https://www.econbiz.de/10012706409
This study proposes and validates ldquo;other informationrdquo; in analysts' forecasts as a legitimate proxy for future cash flows, and examines its incremental role in explaining stock return volatility. We suggest that ldquo;other informationrdquo; contains information about fundamentals...
Persistent link: https://www.econbiz.de/10012706467
We demonstrate that managers' “normal” operating decisions associated with large (positive or negative) net external financing activities are likely to lead to significant measurement errors in unexpected accruals. The problem occurs pervasively in samples drawn from different time periods,...
Persistent link: https://www.econbiz.de/10012940654
“Say on pay” legislation has been introduced in several countries but Australia's version, namely the “two-strikes” rule, is unique in that it empowers shareholders to vote on a board spill if the compensation report of a public company receives 25% or more dissenting votes for two...
Persistent link: https://www.econbiz.de/10012967279
This study proposes and validates “other information” in analysts' forecasts as a legitimate proxy for future cash flows, and examines its incremental role in explaining stock return volatility. We suggest that “other information” contains information about fundamentals beyond that...
Persistent link: https://www.econbiz.de/10013075116