Meeting Or Beating Analyst Expectations In The Post Scandals World PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Meeting Or Beating Analyst Expectations In The Post Scandals World PDF full book. Access full book title Meeting Or Beating Analyst Expectations In The Post Scandals World.
| Author | : Kevin Koh |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 2007 |
| Genre | : |
| ISBN | : |
Download Meeting or Beating Analyst Expectations in the Post-Scandals World Book in PDF, ePub and Kindle
The pressure to meet/beat analysts' expectations is often blamed for the recent onslaught of accounting scandals. We investigate changes in the meeting/beating phenomenon post-scandals and find that the stock market premium to meeting or just beating analyst estimates has disappeared while the premium to beating by a larger margin has diminished. In the post-scandals period, managers tend to meet or just beat analysts' forecasts less often. Further, managers rely less on income-increasing discretionary accruals and more on earnings guidance. Consistent with lower earnings management, the relation between meeting/beating and future operating performance has increased post-scandals, suggesting that the decline in market premium is possibly unwarranted.
| Author | : Baruch Lev |
| Publisher | : Harvard Business Press |
| Total Pages | : 394 |
| Release | : 2012 |
| Genre | : Business & Economics |
| ISBN | : 142211502X |
Download Winning Investors Over Book in PDF, ePub and Kindle
A guide to dealing with Wall Street in order to boost a company's earnings and stock price features advice for executives on such topics as addressing investors' concerns and maintaining credibility on Wall Street.
| Author | : James J. Park |
| Publisher | : Cambridge University Press |
| Total Pages | : 199 |
| Release | : 2022-07-28 |
| Genre | : Law |
| ISBN | : 1108944914 |
Download The Valuation Treadmill Book in PDF, ePub and Kindle
Public companies now face constant pressure to meet investor expectations. A company must continually deliver strong short-term performance every quarter to maintain its stock price. This valuation treadmill creates incentives for corporations to deceive investors. Published more than twenty years after the passage of Sarbanes-Oxley, which requires all public companies to invest in measures to ensure the accuracy of their disclosures, The Valuation Treadmill shows how securities fraud became a major regulatory concern. Drawing on case studies of paradigmatic securities enforcement actions involving Xerox, Penn Central, Apple, Enron, Citigroup, and General Electric, the book argues that corporate securities fraud emerged as investors increasingly valued companies based on their future performance. Corporations now have an incentive to issue unrealistically optimistic disclosure to convince markets that their success will continue. Securities regulation must do more to protect the integrity of public companies from the pressure of the valuation treadmill.
| Author | : Rafay, Abdul |
| Publisher | : IGI Global |
| Total Pages | : 292 |
| Release | : 2023-08-10 |
| Genre | : Business & Economics |
| ISBN | : 1668485893 |
Download Concepts and Cases of Illicit Finance Book in PDF, ePub and Kindle
As fraud and corruption continue to spread globally, illicit and illegitimate finance is one of many areas of concern. To help stop the spread of corruption across fields and industries, further study on the best practices and strategies to combat illicit and illegitimate finance is required. Concepts and Cases of Illicit Finance provides understanding and lessons learned regarding all aspects of illicit and illegitimate finance. Covering key topics such as financial crimes, financial intelligence, and hacking fraud, this premier reference work is ideal for business owners, managers, policymakers, industry professionals, researchers, academicians, scholars, practitioners, instructors, and students.
| Author | : Sherry F. Li |
| Publisher | : |
| Total Pages | : 12 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download Analyst Reactions to Expectations Management in the Post-Regulation Fair Disclosure Period Book in PDF, ePub and Kindle
Using a uniquely hand-collected dataset, we examine how financial analysts react to expectations management in the post-Regulation Fair Disclosure (FD) period. We find evidence that management issues pessimistic public guidance to lower analysts' expectations to a beatable level in the new regulatory environment. Majority of the analysts revised their forecasts downward immediately (in terms of days rather than weeks) after the issuance of a pessimistic public guidance. The magnitude of the downward revision is significantly greater for firms that beat the expectations through managerial guidance than firms that beat the expectations without guidance. In addition, firms that beat analysts' expectations through pessimistic guidance are able to achieve a larger positive earnings surprise at the earnings announcement than the “legitimate beaters”
| Author | : Claire A. Hill |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 497 |
| Release | : 2012-04-01 |
| Genre | : Law |
| ISBN | : 1781005214 |
Download Research Handbook on the Economics of Corporate Law Book in PDF, ePub and Kindle
Comprising essays specially commissioned for the volume, leading scholars who have shaped the field of corporate law and governance explore and critique developments in this vibrant and expanding area and offer possible directions for future research. This important addition to the Research Handbooks in Law and Economics series provides insights into subjects such as the role of directors, shareholders, creditors and employees; empirical studies of litigation and shareholder activism; executive compensation; corporate gatekeepers; comparative law; and behavioral approaches to law and finance. Topics are organized within five sections: corporate constituencies, insider governance, gatekeepers, jurisdiction, and new theory. Taken as a whole, the volume serves as an introduction for those new to the field and as a reference for those unfamiliar with some of the topics discussed. Authoritative and accessible, the Research Handbook on the Economics of Corporate Law will be a valuable resource for students, scholars, and practitioners of corporate law and economics.
| Author | : |
| Publisher | : |
| Total Pages | : 324 |
| Release | : 2008 |
| Genre | : Corporate governance |
| ISBN | : |
Download The Sarbanes-Oxley Act of 2002 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 | : American Accounting Association |
| Publisher | : |
| Total Pages | : 366 |
| Release | : 2006 |
| Genre | : Accounting |
| ISBN | : |
Download Program and Proceedings Book in PDF, ePub and Kindle
| Author | : Yale Law Journal |
| Publisher | : Quid Pro Books |
| Total Pages | : 455 |
| Release | : 2015-02-04 |
| Genre | : Law |
| ISBN | : 1610278496 |
Download Yale Law Journal: Volume 124, Number 4 - January-February 2015 Book in PDF, ePub and Kindle
The contents of the January-February 2015 issue of the Yale Law Journal (Volume 124, Number 4) are: Articles: • "Cost-Benefit Analysis of Financial Regulation: Case Studies and Implications," John C. Coates IV • "Beyond the Indian Commerce Clause," Gregory Ablavsky Essays: • "On Evidence: Proving Frye as a Matter of Law, Science, and History," Jill Lepore • "The End of Jurisprudence," Scott Hershovitz Notes: • "Against the Tide: Connecticut Oystering, Hybrid Property, and the Survival of the Commons," Zachary C.M. Arnold • "Perceptions of Taxing and Spending: A Survey Experiment," Conor Clarke & Edward Fox Comments: • "The Psychology of Punishment and the Puzzle of Why Tortfeasor Death Defeats Liability for Punitive Damages," Roseanna Sommers • "The Case for Regulating Fully Autonomous Weapons," John Lewis • "From Child Protection to Children's Rights: Rethinking Homosexual Propaganda Bans in Human Rights Law," Ryan Thoreson Quality ebook formatting includes fully linked footnotes and an active Table of Contents (including linked Contents for all individual Articles, Notes, and Essays), proper Bluebook formatting, and active URLs in footnotes.
