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Takeovers and Voluntary Disclosures
Menon, Rahul - 2022
How does the possibility of being taken over affect a manager’s voluntary disclosure? This paper analyzes this question in a setting where the manager’s disclosure complements the rival’s expertise and influences the probability the firm is taken over by a rival. The threat of being...
Persistent link: https://www.econbiz.de/10013293318
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The Substitutive Relation Between Voluntary Disclosure and Corporate Governance in Their Effects on Firm Performance
Enache, Luminita - 2020
Prior literature shows that financial disclosures and corporate governance both impact firm performance. This paper documents an important topic that has been overlooked in the prior literature, their joint effect, because the two mechanisms could be independent, substitutive, or complementary...
Persistent link: https://www.econbiz.de/10012829492
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Does Financial Disclosure Readability Predict Shareholder Activism?
Anand, Abhinav; Huan, Xing; Pathak, Jalaj - 2022
We examine the impact of financial disclosures’ readability on future shareholder activism, as expressed by shareholder-initiated proxy proposals. Based on a sample of 1,560 proposals made by shareholders of 818 S& P 1500 firms between 2000 and 2014, we find that the semantic complexity of the...
Persistent link: https://www.econbiz.de/10013310275
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Environmental, social, and governance scores and earnings management in telecommunication companies : an international perspective
Acar, Goksel; Coşkun, Ali - In: Financial internet quarterly 19 (2023) 2, pp. 26-35
This study investigates the relationship between environmental, social, and governance (ESG) scores and potential tendencies to manipulate the earnings of telecommunication companies. We assumed a negative relationship between ESG scores and earnings management since the companies with higher...
Persistent link: https://www.econbiz.de/10014330074
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The Effects of Executive Compensation and Outside Monitoring on Firms’ Pre-Repurchase Disclosure Behavior and Post-Repurchase Performance
Chen, Sheng‐Syan - 2016
Using a sample of management forecasts, we find that higher CEO and CFO equity compensation and lower institutional ownership concentration, percentage of independent director, and number of analyst following induce managers to release significantly more bad news, downward biased management...
Persistent link: https://www.econbiz.de/10012991820
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Does greater transparency discipline the loan loss provisioning of privately held banks?
Bischof, Jannis; Foos, Daniel; Riepe, Jan - 2020
We investigate the relationship between the transparency of loan loss provision disclosures and the provisioning … mandatory disclosures of loan loss provisions. Using proprietary data provided by the national supervisor, we are able to … loss provisions to a lesser extent for income smoothing once they are required to disclose their accounting choice. At the …
Persistent link: https://www.econbiz.de/10012256499
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Non‐GAAP Earnings Disclosure in Loss Firms
Leung, Edith - 2018
This study examines the incremental information in loss firms' non‐GAAP earnings disclosures relative to GAAP earnings …. Using a large sample obtained through textual analysis and hand‐collection, we posit and find that loss firms' non …‐GAAP earnings exclusions offset the low informativeness of GAAP losses for forecasting and valuation. Loss firms' non‐GAAP earnings …
Persistent link: https://www.econbiz.de/10012911290
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Non-GAAP Earnings Disclosure in Loss Firms
Leung, Edith - 2018
This study examines the incremental information in loss firms' non-GAAP earnings disclosures relative to GAAP earnings …. Using a large sample obtained through textual analysis and hand-collection, we posit and find that loss firms' non …-GAAP earnings exclusions offset the low informativeness of GAAP losses for forecasting and valuation. Loss firms' non-GAAP earnings …
Persistent link: https://www.econbiz.de/10012935700
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The association between disclosures on control system over financial reporting and mechanisms of corporate governance : empirical evidence from Germany and Poland
Gad, Jacek - In: International journal of management and economics 56 (2020) 4, pp. 351-369
The aim of the research was to determine the impact of selected corporate governance mechanisms on the scope of disclosures related to control system over financial reporting in Poland and Germany. The research group comprised of companies from the Warsaw WIG 30 index and the German DAX index in...
Persistent link: https://www.econbiz.de/10012395278
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Uncertainty in Managers’ Reporting Objectives and Investors’ Response to Earnings Reports : Evidence from the 2006 Executive Compensation Disclosures
Ferri, Fabrizio - 2018
We examine whether the information content of the earnings report, as captured by the earnings response coefficient (ERC), increases when investors' uncertainty about the manager's reporting objectives decreases, as predicted in Fischer and Verrecchia (2000). We use the 2006 mandatory...
Persistent link: https://www.econbiz.de/10012934868