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Accounting often is referred to as "the language of business"; unfortunately, many business professionals lack the … that readers have educational backgrounds-and/or have had years of professional experience-in accounting, financial … analysis, or corporate nance. Using Accounting and Financial Information targets professionals with limited ex …
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Earnings growth dispersion contains information about trends in labor reallocation, unemployment change, and, ultimately, aggregate output. We find that initial macroeconomic estimates released by government statistical agencies do not fully incorporate this information. As a consequence,...
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Betriebswirtschaftslehre mit dem Schwerpunkt externes Rechnungswesen Fach- und Führungskräfte im Rechnungswesen sowie in der Wirtschaftsprüfung …
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Value relevance studies, which examine the relationship between accounting numbers and equity valuation, use market …' belief that accounting information needs to be made available before it can be discounted in market prices, this approach … supports the interpretation of value relevance as the ability of accounting numbers to capture value-relevant information that …
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This paper contributes to model the industry interconnecting structure in a network context. General predictive model (Rapach et al. 2016) is extended to quantile LASSO regression so as to incorporate tail risks in the construction of industry interdependency networks. Empirical results show a...
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We show that the news is a rich source of data on distressed firm links that drive firm- level and aggregate risks. The news tends to report about links in which a less popular firm is distressed and may contaminate a more popular firm. This constitutes a contagion channel that yields...
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