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Improving profitability forecasts with information on earnings quality
Demmer, Matthias - 2015
Prior literature documents the usefulness of the DuPont disaggregation for predicting firms future profitability …. However, there is a lack of research examining how earnings quality affects forecasts of profitability. This paper explores … whether different earnings quality factors moderate the accuracy of profitability forecasts. This study contributes to the …
Persistent link: https://www.econbiz.de/10010520353
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Real Earnings Management by Benchmark-Beating Firms : Implications for Future Profitability
Beyer, Brooke - 2018
signal future performance. Consistent with expectations, we find the positive relation between REM and future profitability …
Persistent link: https://www.econbiz.de/10012915584
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Family Control, Board Independence and Earnings Management : Evidence Based on Hong Kong Firms
Jaggi, Bikki; Leung, Sidney; Gul, Ferdinand A. - 2009
In this study, we document that independent corporate boards of Hong Kong firms provide effective monitoring of earnings management, which suggests that despite differences in institutional environments, corporate board independence is important to ensure high quality financial reporting. The...
Persistent link: https://www.econbiz.de/10014207197
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Earnings Management and Corporate Governance in Family-Controlled Companies
Bar-Yosef, Sasson; Prencipe, Annalisa - 2009
Corporate governance literature advances the idea that certain aspects of board of directors' structure improve monitoring of managerial decisions. Among these is the managers' decision to manage earnings. Prior studies have shown that earnings management, in widely-held public companies, is...
Persistent link: https://www.econbiz.de/10014209639
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Earnings Management and Contests for Control : An Analysis of European Family Firms
Jara, Mauricio; López-Iturriaga, Félix J. - 2012
In this paper, the influence of large shareholders on earnings management in family-owned firms is analyzed using a sample of firms from nine European countries. How contests for control for the largest shareholder and the existence of a controlling coalition in family-owned firms affect...
Persistent link: https://www.econbiz.de/10014043637
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Earnings Properties of Co-Operative Firms
Bigus, Jochen - 2019
There is hardly any evidence on earnings properties of co-operatives for which profit maximisation is not a primary …, but in contrast to privately held corporations, cooperatives are generally not profit-maximizing firms and must be run by …
Persistent link: https://www.econbiz.de/10012858247
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Do Creditors Prefer Smooth Earnings? Evidence from European Private Firms
Gassen, Joachim - 2015
, we expect this relation to be more pronounced in regimes with higher bankruptcy and contract enforcement costs. Finally …
Persistent link: https://www.econbiz.de/10013032464
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Large Customers, Earnings Persistence, and Earnings Management
Huang, Lixin - 2019
We propose that the presence of large customers makes supplier firms' earnings more persistent, which leads to earnings shocks having a greater impact on stock prices of these firms. As a result, the managers of firms with large customers have stronger incentives to manage earnings. We formalize...
Persistent link: https://www.econbiz.de/10012902132
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Earnings : Concepts vs. Reported
Grambovas, Christos A. - 2017
The paper examines three benchmark earnings concepts: (i) permanent earnings with the cost-of-equity determining the capitalization, (ii) permanent earnings with the risk-free rate determining the capitalization, and (iii) economic earnings (Hicks's concept). The concepts can be measured...
Persistent link: https://www.econbiz.de/10012968157
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Real Earnings Management (REM) and Accrual Earnings Management (AEM) Around Seasoned Equity Offerings (SEOs) in Australia and Subsequent Operating Earnings Performance
Henry, Darren - 2013
The paper examines the existence of real earnings management (REM) and accrual earnings management (AEM) around seasoned equity offerings (SEOs) undertaken by Australian firms. We also investigate the subsequent operating earnings performance of the SEO firms that engaged in earnings...
Persistent link: https://www.econbiz.de/10013088469