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Intangibles and management earnings forecasts

Khallaf, Ashraf; Kannan, Yezen - In: China journal of accounting research : CJAR 17 (2024) 2, pp. 1-20

guidance (MEF). We find that unrecognized intangibles (immediately expensed) are negatively associated with MEF issuance, while … recognized intangibles (capitalized) show a positive association. These findings hold across various factors such as analysts … intangibles with greater earnings uncertainty. This suggests that managers may prioritize delivering value-relevant information to …

Persistent link: https://www.econbiz.de/10014580183

The Party's Over : The Role of Earnings Guidance in Resolving Sentiment-Driven Overvaluation

Seybert, Nicholas - 2014

This paper shows that an important link between investor sentiment and firm overvaluation is optimistic earnings expectations, and that management earnings guidance aids in resolving sentiment-driven overvaluation. Using the firm characteristics identified by Baker and Wurgler (2006), we find...

Persistent link: https://www.econbiz.de/10013068103

Management Forecasting Ability and Predictive Ability of Dividend Changes for Future Earnings

Chang, Hsihui; Ishida, Souhei; Kochiyama, Takuma - 2021

We revisit the predictive ability of dividend changes for firms’ future earnings and extend the literature by examining the effect of management forecasting ability. Although prior studies have examined the relationship between dividend changes and future earnings, the empirical evidence is...

Persistent link: https://www.econbiz.de/10013322005

Determinants of sales profitability for Polish agricultural distributors

Korneta, Piotr - In: International journal of management and economics 55 (2019) 1, pp. 40-51

Due to volatile micro- and macroeconomic conditions and increasing competition, companies experience great difficulties in attaining required profitability. The objective of this paper is to identify the profitability determinants for Polish agricultural distributors in a recent period, i.e.,...

Persistent link: https://www.econbiz.de/10012116052

The value relevance of accounting performance measures for quoted family firms : a study in the light of the alignment and entrenchment hypotheses

Basly, Sami; Saadi, Tayeb - In: European journal of family business 10 (2020) 2, pp. 6-23

Family business literature shows that family and nonfamily firms differ with respect to their financial reporting decisions. However, although the literature on financial reporting in fami - ly firms has developed over the last ten years, it is mostly oriented towards earnings management and...

Persistent link: https://www.econbiz.de/10012434235

Earnings Announcements in China : Overnight-Intraday Disparity

Liu, Junhao; Hope, Ole-Kristian; Hu, Danqi - 2023

Based on a unique arrangement of trading and disclosure times around earnings announcements in the Chinese stock market, we provide evidence of a striking overnight-intraday disparity in terms of the reaction to earnings news. Specifically, we find that the overnight period exhibits a strong and...

Persistent link: https://www.econbiz.de/10014348722

Consequences of financial reporting quality on corporate performance : evidence at the international level

Martínez-Ferrero, Jennifer - In: Estudios de economía 41 (2014) 1, pp. 49-88

This paper examines the consequences of Financial Reporting Quality (FRQ) on Corporate Performance, using three proxies of FRQ: (i) earnings quality; (ii) conservatism; and (iii) accruals quality. Our purpose is to analyze the effect of a good FRQ on financial performance (FP) measured by the...

Persistent link: https://www.econbiz.de/10010385817

Myth : external financial reporting quality has a 1st order effect on firm value

Zimmerman, Jerold L. - 2012

I argue that external financial reporting quality has at best a 2nd order effect on firm value of U.S. publicly traded companies and that attempts to improve a firm's external reporting quality has a 3rd order effect on these firms' value. Recognizing that external financial reporting quality is...

Persistent link: https://www.econbiz.de/10010250808

Earnings Quality and the Adoption of IFRS-Based Accounting Standards : Evidence from an Emerging Market

Wan Ismail, Wan Adibah - 2011

This study investigates the differences in earnings quality of Malaysian companies after the adoption of IFRS-based accounting standards named FRS. We hypothesize that under the new set of accounting standards, the quality of earnings reported by these companies is relatively higher. We measure...

Persistent link: https://www.econbiz.de/10013133843

Accountants’ Reports on Profit Forecasts : Regulation and Practice

Brennan, Niamh M. - 2013

Profit forecasts are rarely disclosed in the UK except in prospectuses, circulars and during takeover bids. There are few regulations governing the content of profit forecasts. Under stock exchange rules these forecasts must be reported on by both reporting accountants and the merchant bankers...

Persistent link: https://www.econbiz.de/10013082708

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