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Managerial Risk-Taking Incentives and Non-GAAP Earnings Disclosures

Bansal, Naresh - 2014

We investigate the association between risk-taking incentives provided by stock-based compensation arrangements and non-GAAP … to stock volatility sensitivity (vega) are more likely to be associated with voluntary non-GAAP earnings information … disclosures. In addition, higher-vega managers are found to be associated with more frequent and less opportunistic non-GAAP …

Persistent link: https://www.econbiz.de/10013066564

An Empirical Analysis of the Effects of Accounting Expertise in Audit Committees on Non-GAAP Earnings Exclusions

Seetharaman, Ananth - 2013

GAAP and non-GAAP financial information. However, there are gaps in our knowledge of how audit committees perform …, especially with respect to companies' non-GAAP financial information. Unlike companies' GAAP-based financial measures, non-GAAP … numbers are voluntary, not well-defined, and unaudited. Non-GAAP measures thus provide a particularly rich setting to examine …

Persistent link: https://www.econbiz.de/10013094357

The Use of Unsigned Earnings Quality Measures in Tests of Earnings Management

Hribar, Paul; Nichols, Craig - 2008

This paper examines the implications of using the absolute value of discretionary accruals when testing for earnings management. First, we analytically develop the mean and variance of the distribution of absolute discretionary accruals, and show that the expected value is an increasing function...

Persistent link: https://www.econbiz.de/10014221953

Earning Management, Corporate Governance and CEOs Optimism : Evidence from NYSE Panel Data

Baccar, Amel; Ben Mohamed, Ezzeddine; Bouri, Abdelfatteh - 2013

The aim of this paper is to explain relationship between earning management, corporate governance and managerial optimism through the governance characteristics that are board of directors such as independence, duality and size and ownership structure such as managerial participation, block...

Persistent link: https://www.econbiz.de/10014153449

The Post-Merger Performance of the European M&As : Does Pre-Merger Earnings Management Matter?

Alsharairi, Malek - 2016

This paper empirically examines the post-merger performance of a sample of 1,320 European mergers and acquisitions …

Persistent link: https://www.econbiz.de/10013002518

Blockholder Exit Threats and Financial Reporting Quality

Dou, Yiwei - 2016

Recent theoretical and empirical studies suggest that blockholders (shareholders with ownership ≥ 5%) exert governance through the threat of exit. Blockholders have strong incentives to gather private information and sell their shares when managers are perceived to underperform. To prevent...

Persistent link: https://www.econbiz.de/10013006858

Taking a Long View : Investor Trading Horizon and Earnings Management Strategy

Jang, Yeejin - 2017

This paper studies how the investment horizon of institutional investors affects firms' earnings management strategies. We find that firms largely held by long-term investors are more likely to manage earnings through adjusting operational decisions than through manipulating accruals. The impact...

Persistent link: https://www.econbiz.de/10012965758

Taking a Long View : Investor Trading Horizon and Earnings Management Strategy

Jang, Yeejin - 2017

This paper studies how the investment horizon of institutional investors affects firms' earnings management strategies. We find that firms with long-term investors are more likely to manage earnings through real activities manipulation than through accruals. The impact of the investor trading...

Persistent link: https://www.econbiz.de/10012965772

Executive Compensation, Corporate Governance and Earnings Management in an Emerging Market

Sheikh, Muhammad Fayyaz - 2017

We examine how compensation of chief executive officer (CEO) and corporate governance practices affect earnings management behavior in an emerging economy, Pakistan. Using 1836 firm-year observations from 260 firms listed in KSE for period 2005 to 2012, we do not find that CEO compensation has...

Persistent link: https://www.econbiz.de/10012967539

Effects of CEO Turnover in Banks : Evidence Using Exogenous Turnovers in Indian Banks

Subramanian, Krishnamurthy - 2017

We examine the effects of CEO turnover in banks. Incoming bank CEOs face problems from information asymmetry because banks' operations are opaque and bank risk can change dramatically in a short time. Incoming bank CEOs may therefore change bank policies to manage their personal risks. Since CEO...

Persistent link: https://www.econbiz.de/10012970063