Wiek, Marcel; Eichner, Korbinian - In: Journal of Corporate Accounting & Finance 34 (2023) 3, pp. 47-63
This article analyzes non‐GAAP, pro forma earnings metrics of large German publicly traded companies to better understand their usage and relevance in practice. We base our analysis on a hand collected data set compiled from annual reports. Almost all companies in our data set use pro forma...