A Specification Analysis Of The Unexpected Earnings Response Regression Model PDF Download
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Author | : C. S. Agnes Cheng |
Publisher | : |
Total Pages | : 54 |
Release | : 1991 |
Genre | : |
ISBN | : |
Download A Specification Analysis of the Unexpected Earnings Response Regression Model Book in PDF, ePub and Kindle
Author | : Reza Espahbodi |
Publisher | : |
Total Pages | : 35 |
Release | : 2000 |
Genre | : |
ISBN | : |
Download On the Factors Influencing Return-Earnings Relationship Book in PDF, ePub and Kindle
Many studies have attempted to identify firm specific characteristics that influence the return-earnings relationship. The R-squared reported in these studies, however, are generally low and the earnings response coefficients are less than the theoretical value. Three factors have contributed to the low R-squared and the varying estimates of the earnings response coefficients: (1) violation of the OLS regression assumptions, particularly the linearity assumption, (2) omission of important (and correlated) variables, and (3) subjective specification of what variables (and interaction terms) to include in the earnings response regression.This study attempts to avoid these problems. Specifically, I examine all firm-specific characteristics that are known to influence the relationship between earnings and security return. This reduces the likelihood of an omitted correlated variable problem. More importantly, I use the recursive partitioning technique developed by Breiman et al. (1984), thus avoiding the subjectivity in specifying the earnings response regression model as well as the problems resulting from the distributional assumptions of the ordinary regression analysis.The recursive partitioning analysis indicates that five factors - size, market to book, earnings predictability, earnings persistence, and book value per share - affect the return-earnings relationship either individually and/or in interaction with each other and unexpected earnings. When included in the earnings response regression, these factors and their interactions explain a large percentage of the cross-sectional variations in return. Sensitivity tests are performed for alternate return windows and measure of earnings.
Author | : Krishnamoorthy Ramesh |
Publisher | : |
Total Pages | : 262 |
Release | : 1991 |
Genre | : Corporate profits |
ISBN | : |
Download Essays on Earnings Response Coefficient Book in PDF, ePub and Kindle
Author | : Jeffery Abarbanell |
Publisher | : |
Total Pages | : 50 |
Release | : 1991 |
Genre | : Stocks |
ISBN | : |
Download Analysts' Overreaction/underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior Book in PDF, ePub and Kindle
Author | : Ahmed Riahi-Belkaoui |
Publisher | : Bloomsbury Publishing USA |
Total Pages | : 200 |
Release | : 1999-11-30 |
Genre | : Business & Economics |
ISBN | : 0313388601 |
Download Earnings Measurement, Determination, Management, and Usefulness Book in PDF, ePub and Kindle
Riahi-Belkaoui examines the crucial issues involved in the determination and uses of earnings as a measure of financial performance. He points out that the nature and measurement of earnings are subject to various interpretations, that determination of earnings follows determination of net value added, and that earnings is subject to management manipulation (earnings can be smoothed, for example.) A succinct, penetrating, illuminating treatment of earnings in general as well as its particulars, the book will be especially useful to upper management and accounting professionals, and to their colleagues in the academic community. Riahi-Belkaoui argues that the interest in earnings and its related issues of measurement, determination, management, and usefulness stems from three factors: 1) the crucial importance of earnings as the shareholders' share of the corporation's wealth; 2) the reliance of investors and users on earnings and the transformation of earnings for resource allocation decision making; and 3), the direct association between the efficiency of the capital markets and timely provision of earnings data. Each chapter identifies the nature of the issues surrounding the concept of earnings and presents empirical evidence that can be used to make enlightened corporate decisions or to aid in the development of public policy.
Author | : |
Publisher | : |
Total Pages | : 308 |
Release | : 1991 |
Genre | : Accounting |
ISBN | : |
Download Journal of Accounting Literature Book in PDF, ePub and Kindle
Author | : Joshua Ronen |
Publisher | : Springer Science & Business Media |
Total Pages | : 587 |
Release | : 2008-08-06 |
Genre | : Business & Economics |
ISBN | : 0387257713 |
Download Earnings Management Book in PDF, ePub and Kindle
This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?
Author | : Michael H. Neelan |
Publisher | : Nova Publishers |
Total Pages | : 192 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9781600213809 |
Download Focus on Finance and Accounting Research Book in PDF, ePub and Kindle
Preface; The Role of Revenues and Costs in CEO Compensation; The Importance of Intellectual Capital Reporting: Perspectives from Finance Professionals; Has Regulation Changed the Market's Reward for Meeting or Beating Expectations?; Reaction of the Brazilian Stock Market to Positive and Negative Shocks; Earnings Management to Meet Earnings Benchmarks: Evidence from Japan; Audit in Ukraine; Auditor Reputation and Auditor Independence: Evidence from an Emerging Market; Trends of the Returns-Earnings Associations Over the Last Three Decades; Managers' Discretionary Behaviour, Earnings Management and Corporate Governance: An Empirical International Analysis; Index.
Author | : William S. Hopwood |
Publisher | : |
Total Pages | : 48 |
Release | : 1991 |
Genre | : |
ISBN | : |
Download A Reexamination of Auditor Versus Model Accuracy Within the Context of the Going-concern Opinion Decision Book in PDF, ePub and Kindle
Author | : J. Timothy Sale |
Publisher | : Elsevier |
Total Pages | : 261 |
Release | : 2004-09-11 |
Genre | : Business & Economics |
ISBN | : 0080549640 |
Download Advances in International Accounting Book in PDF, ePub and Kindle
Advances in International Accounting is a refereed, academic research annual, that is devoted to publishing articles about advancements in the development of accounting and its related disciplines from an international perspective. This serial examines how these developments affect the financial reporting and disclosure practices, taxation, management accounting practices, and auditing of multinational corporations, as well as their effect on the education of professional accountants worldwide. Advances in International Accounting welcomes traditional and alternative approaches, including theoretical research, empirical research, applied research, and cross-cultural studies.