Prior literature documents the usefulness of the DuPont disaggregation for predicting firms future profitability, operating income, and stock market returns. In addition, research also emphasizes the importance of earnings quality information. However, there is a lack of research examining how...

We examine changes in cross-country financial statement comparability around mandatory IFRS adoption and the effects of these changes on firms' information environments, as captured by analyst properties and bid-ask spreads. First, we show that cross-country earnings comovement is negatively...

Der Einfluss der Rechnungslegung auf den Kapitalmarkt wir mittels verschiedener Ansätze empirisch untersucht. Insbesondere die Auswirkungen der Übernahme internationaler Rechnungslegungsstandards ist in den vergangenen Jahren in den Mittelpunkt der Forschung gerückt....

The mandatory adoption of IFRS by many countries worldwide fuels the expectation that financial accounting information might become more comparable across countries. This expectation is opposed to an alternative view that stresses the importance of incentives in shaping accounting information....

This is a course material (slides in pdf format) from the book 'Investment Decision Making For Firm and Project Valuation.' The book is originally in Spanish and is untitled as 'Decisiones de inversion. Para la valoracion financiera de proyectos y empresas.' Chapter 5 deals with how to prepare...

This is a course material (slides in pdf format) for the chapter Financial Analysis and Control Financial Ratio Analysis already in SSRN. In these slides I present a detailed explanation of different financial ratios commonly used in financial management. We introduce some examples in the slides...

This document describes the spreadsheets and the related textual narratives that we have developed for FSA and valuation. These spreadsheets and their related documents are available for free at http://www.godeohlson.com/. These spreadsheets can be used for two purposes: (1) teaching FSA and...

It appears from experiences that today's governance (Man-Management) has been degraded to such an extent that moral bankruptcy has become an integral part of day to day business activities — as evidenced by recent experiences — where righteousness is at a discount (account tampering,...

This paper identifies several approaches to detection of manipulation in financial statements and creates a combined practical approach, which uses each of the existing algorithms in the complement manner to the others. It also introduces new P-Score formula, which in conjunction with Altman...

The study discussed the impact of programmed accounting analysis (PAA) for the financial statements on qualitative characteristics of useful financial information. The practical study was conducted by an interview with the CEO for accounting information system company, The development in...