Narrow search
Showing 1 - 10 of 1,396
Cover Image
Tone Management and Stock Price Crash Risk
Reichmann, Doron - 2022
In this study, we examine whether and how tone management affects future stock price crash risk, measured as the … conditional skewness of firm-specific returns. We document a positive relationship between tone management and one … asymmetry, and higher earnings management constraints. Finally, descriptive analyses suggest that the level of tone management …
Persistent link: https://www.econbiz.de/10013294748
Cover Image
Market reactions to the closest peer firm's analyst revisions
Hope, Ole-Kristian; Zhao, Wuyang - 2016
-transfer literature concentrates on the externalities of information provided by management. This paper fills gaps in both streams of …
Persistent link: https://www.econbiz.de/10011547602
Cover Image
The Buyback Monitor – July 2010 : Corporate Stock Buyback Profits of 275 Firms 2000-2010
Gumport, M. A. - 2011
This report updates and expands earlier studies to look at the profitability of $349.7 billion of buybacks executed from 2000 through early 2010 by a sample of 275 corporations. The sample companies, drawn mainly from the technology sector, enjoy total equity market value today of $945.6...
Persistent link: https://www.econbiz.de/10013133330
Cover Image
Overvalued Equity and Financing Decisions
Dong, Ming - 2012
We test whether and how equity overvaluation affects corporate financing decisions using an ex ante misvaluation measure that filters firm scale and growth prospects from market price. We find that equity issuance and total financing increase with equity overvaluation; but only among overvalued...
Persistent link: https://www.econbiz.de/10013114532
Cover Image
Insightful Insiders? Insider Trading and Stock Return around Debt Covenant Violation Disclosures
Griffin, Paul A. - 2012
This paper examines insider trading around first-time debt covenant violation disclosures in SEC filings, and is interesting from a research and regulatory standpoint for three reasons – delay and infrequency of a first-time disclosure, lack of attention to covenant disclosures by regulators,...
Persistent link: https://www.econbiz.de/10013115646
Cover Image
Współczynnik Przejęcia Niezbędnym Parametrem Oceny IPO (Takeover Ratio as the Parameter to Evaluate IPO)
Dudycz, Tadeusz - 2013
The English version of this paper can be found at; "http://ssrn.com/abstract=2240614" http://ssrn.com/abstract=2240614W artykule wykazano, że inwestorzy nie łączą ceny emisyjnej akcji z jej ceną nominalną, co umożliwia debiutującym spółkom maksymalizowanie agio poprzez obniżanie ceny...
Persistent link: https://www.econbiz.de/10013088350
Cover Image
Stock Liquidity and the Pricing of Earnings : A Comparison of China's Floating and Non-Floating Shares
Lou, Fang - 2013
The reform to convert non-floating shares to floating in China provides a setting in which shares are subject to different liquidity constraint. We show that the severity of this constraint is inversely related to the extent to which earnings information is reflected in the share prices....
Persistent link: https://www.econbiz.de/10013074963
Cover Image
Earnings Quality and Market Values of Indonesian Listed Firms
Hutagaol, Yanthi - 2018
We find that earnings quality (EQ) is reliably negatively correlated with market values of equity of firms listed on Jakarta Stock Exchange (IDX). The financial reporting process produces earnings viewed as increasingly “incomplete” for valuation purposes by the capital market despite moves...
Persistent link: https://www.econbiz.de/10012926791
Cover Image
The Buyback Monitor - July 2009 : Corporate Stock Buyback Profits of 273 Firms from 2000 into 2009
Gumport, M. A. - 2009
Few purely financial decisions rival stock repurchase programs in their bearing on the well-being of shareholders. Absent better financial reports on buybacks, an occasional tally of results seems appropriate. The current “Monitor” extends an earlier study back to 2000 to look at...
Persistent link: https://www.econbiz.de/10013158168
Cover Image
Financial Clusters, Industry Groups, and Stock Return Correlations
Fodor, Andy - 2017
Investors and analysts classify firms to conduct valuations or to evaluate performance. The industry groupings usually rely on SIC, NAIC, GICS, or Fama-French classifications. Our purpose is to form groups of companies based on the structure of their financial statements. Using cluster analysis,...
Persistent link: https://www.econbiz.de/10012954228