This paper examines the usefulness of customer satisfaction to analysts when preparing their earnings forecasts. We draw on theory in marketing to predict how customer satisfaction should be associated with earnings forecasts and forecast errors. We assembled a dataset of companies studied in...

L'IASB et le FASB ont formé en 2003 un groupe de travail commun en vue de faire avancer le projet de création de normes de reporting de la performance financière. Intitulé à l'origine " Performance Reporting " et se référant à une conception étendue du résultat -- le comprehensive...

This study investigates the extent to which three key summary accounting income figures, namely operating income (OPI), net income (NI) and comprehensive income (CI), provide value-relevant information to investors in major EU capital markets. Using a large sample over the pre-IAS-compliance...

Selon le principe de continuité d'exploitation, une entreprise est réputée être en continuité d'activité en l'absence de toute information permettant d'établir le contraire. Durant les trente dernières années, la littérature académique s'est efforcée d'étudier les informations...

A recent report issued by the US-based audit company Ernst & Young (2006) stated that, in 2005, 23 out of the 39 French CAC 40 index companies initiated assets transfers. More specifically, 6 companies operated as transferee while 32 as assignor. Those transactions were mainly concerned with...

Motivated by the recent works by Lev [2001b ; 2004] and Villalonga [2004], and the current debate surrounding the international financial reporting standard n°38 (i.e. IAS 38) adoption related to reported intangible investment issues, this study investigates whether European firms using...

Alors que l'information financière et comptable, et la mesure du résultat sous-jacente, ont été perçues par les auteurs, pendant des décennies, comme relevant d'un processus de veille informationnelle n'ayant que peu d'impacts sur les fondamentaux économiques (Sapra 2008), de nombreux...

Following the debate on the Conceptual Framework revision undertaken by the IASB and the FASB, this paper discusses three major concerns about the way financial reporting standards should be determined: (1) What is the role a Conceptual Framework?; (2) For whom and for which needs are accounting...

This study examines the effects of customer satisfaction on analysts' earnings forecast errors. Based on a sample of analysts following companies measured by the American Customer Satisfaction Index (ACSI), we find that customer satisfaction reduces earnings forecast errors. However, analysts...

Motivée par les récents travaux de Lev [2001b ; 2004] et les débats actuels de l'IASB portant sur la traduction comptable de l'investissement immatériel (IIM), cette étude empirique pose la question de l'utilité de l'information comptable face à de tels investissements. Sur la base d'un...