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Investor Sentiment and Accounting Conservatism
Ge, Rui - 2018
This paper investigates the association between investor sentiment and accounting conservatism. We find that managers … recognize economic losses in earnings in a more timely manner during periods of high investor sentiment. Further, the sentiment-conservatism … relation is stronger for firms with greater sentiment-price sensitivity. We also find that the sentiment-conservatism …
Persistent link: https://www.econbiz.de/10012932575
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Investor sentiment and accounting conservatism
Ge, Rui; Seybert, Nicholas; Zhang, Feida - In: Accounting horizons : a quarterly publication of the … 33 (2019) 1, pp. 83-102
Persistent link: https://www.econbiz.de/10012121889
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Investment Behavior and Risk Dynamics : Evidence from Share Repurchases
Mietzner, Mark - 2019
We explore the distinguishing characteristics of firms that completed or stopped their repurchase programs. Our findings help further understanding the economic reasons why firms would stop buybacks. Based on our international sample of 818 completed and 101 stopped share repurchase programs...
Persistent link: https://www.econbiz.de/10012904763
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Does accounting conservatism deter short sellers?
Jain, Archana; Jain, Chinmay; Robin, Ashok J. - In: Review of quantitative finance and accounting 54 (2020) 3, pp. 1075-1100
Persistent link: https://www.econbiz.de/10012233114
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Investor sentiment and accounting conservatism : evidence from Iran
Aliahmadi, Saeid - In: Journal of financial reporting & accounting : JFRA 21 (2023) 2, pp. 401-419
Persistent link: https://www.econbiz.de/10014304861
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Earnings Management, Incentive Contracts and Private Information Acquisition
Chan, Derek - 2013
This paper analyzes the optimal design of compensation contracts in the presence of earnings management incentives, and its interplay with investors' information acquisition decisions. We consider a setting in which compensation contract is based on both accounting earnings and stock price when...
Persistent link: https://www.econbiz.de/10013077160
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How Does Earnings Management Influence Investors’ Perceptions of Firm Value? Survey Evidence from Financial Analysts
de Jong, Abe - 2014
Survey evidence shows CFOs to believe that earnings management can enhance investor valuation of their firms. This evidence raises the question of correspondence between the beliefs of CFOs and investors. Surveying financial analysts to gain insight into how earnings management influences...
Persistent link: https://www.econbiz.de/10013064719
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Dividends versus Stock Repurchases and Long-Run Stock Returns under Heterogeneous Beliefs
Bayar, Onur - 2017
We analyze a firm's choice between dividend payments and stock repurchases under heterogeneous beliefs and the subsequent long-term stock return performance of firms adopting the two forms of payout. Firm insiders, owning a certain fraction of its equity, choose between paying out its cash...
Persistent link: https://www.econbiz.de/10012974192
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Buyback Behaviour and the Option Funding Hypothesis
Sonika, Rohit - 2017
Payout flexibility from share repurchases enables firms to reduce dilution and funding cost of stock option grants. Using daily repurchase disclosures, we show that U.K. firms use this flexibility to implement (a) large repurchase payouts, (b) with increased frequency, and (c) with lower daily...
Persistent link: https://www.econbiz.de/10012969148
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How Does Investor Attention Affect Stock Repurchases?
Wu, Yuxin - 2022
I analyze attention-induced stock repurchases. I hypothesize that firms that announce an open market repurchase program of a certain size are likely to follow through to a larger extent if they receive greater investor attention to their repurchase behavior. I test this hypothesis using 10-K and...
Persistent link: https://www.econbiz.de/10014245027