Showing 61 - 70 of 107,319
This paper investigates whether the desire to achieve higher equity valuations induces conglomerates to manipulate their segment earnings. I extend the Stein (1989) model to a multi-segment setting and show that conglomerates have incentives to transfer profits from segments operating in...
Persistent link: https://www.econbiz.de/10013085431
in profit margin helps in predicting future profitability. For oil and gas firms, we disaggregate return on assets in the … full cost method, we show that change in asset turnover does not help predict future profitability whereas our efficiency … measure based on DEA is useful in forecasting future profitability. On the other hand, for firms that use the successful …
Persistent link: https://www.econbiz.de/10013074361
This paper aims at studying the market response surrounding profit warnings as well as annual earnings announcements … strong negative residual stock returns around profit warning announcements corresponding to bad news as well as abnormally … companies having previously released a profit warning in the market. Our results testify that those both disclosures convey an …
Persistent link: https://www.econbiz.de/10013158816
audit quality among profit firms; informs auditor reporting decisions such that when firm profitability is lower, auditors …This study examines the implications of firm profitability, as a potential indication of audit-related risk, to audit … non-financial public companies over the period 2005 – 2017, I find that profitability: is an important determinant of …
Persistent link: https://www.econbiz.de/10012833625
Previous studies of the impact of M&A on performance have employed a range of measures of “profitability” or “rate of … to shareholders. We discuss the profit margin, the return on net assets, the return on equity, earnings per share, and …
Persistent link: https://www.econbiz.de/10012835164
Analysis of profitability is more important to every business organization. Profitability gives an idea of operating … efficiency to a firm. Higher profitability shows high performance and lower will indicate the lower performance. The study used … Steel Limited from 2000-01 to 2014-15. To analyze the profitability statement were Simple Percentage Analysis and Ratios are …
Persistent link: https://www.econbiz.de/10012837401
We examine whether customer-base concentration has a differential impact on profitability for firms contracting with … major government customers versus firms contracting with major corporate customers. We document that firm profitability …
Persistent link: https://www.econbiz.de/10012902677
association between short-termism, competition, and agency costs and the lower future long-term changes in profitability for …We investigate the association between public versus private ownership and future long-term changes in profitability …-term changes in operating profitability compared to private firms matched on current profitability, size, growth and industry. We …
Persistent link: https://www.econbiz.de/10012905071
a firm's profitability. However, few studies allow for the decomposition of a firm's profitability into market, industry … shocks, and then assess whether and when this decomposition results in improved forecasts of profitability. For the overall … based on the decomposed values are superior versus forecasts using only total profitability. Across the sample as a whole …
Persistent link: https://www.econbiz.de/10012943116
constant growth residual income model. We investigate the joint influence of accruals, growth, and profitability on the ratios …
Persistent link: https://www.econbiz.de/10012822368