Opportunistic Earnings Management And Management Earnings Forecast Likelihood PDF Download
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Author | : Haeyoung Shin |
Publisher | : |
Total Pages | : 150 |
Release | : 2007 |
Genre | : Business enterprise |
ISBN | : |
Download Opportunistic Earnings Management and Management Earnings Forecast Likelihood Book in PDF, ePub and Kindle
Author | : Leon Li (College teacher) |
Publisher | : |
Total Pages | : |
Release | : 2019 |
Genre | : |
ISBN | : |
Download Effects of Earnings Management Strategy on Earnings Predictability Book in PDF, ePub and Kindle
"This study argues that the managerial choice of earnings management strategy maybe contingent upon a firm's information asymmetry and such a strategy affects the firm's earnings predictability. Measuring information asymmetry by earnings predictability based on the subsequent dispersion in analysts' forecasts and employing a quantile regression to analyze28,383 U.S. firm-year observations obtained from 1988 to 2014, this study reports that the effect of earnings management strategy on earnings predictability is non-uniform. Specifically,the amount of absolute discretionary accruals negatively (positively) relate to the subsequent dispersion in analysts' forecasts in the low (high) quantiles of the latter. These results support our hypothesis that a firm may implement efficient or opportunistic earnings management strategies according to the degree of information asymmetry between the firm's management and corporate outsiders. Keywords: Discretionary accruals, analysts' forecasts dispersion, quantile regression"--Page [ii].
Author | : Baohua Xin |
Publisher | : |
Total Pages | : 144 |
Release | : 2008 |
Genre | : |
ISBN | : |
Download Earnings Forecast, Earnings Management, and Asymmetric Price Response 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 | : Arnoldo Jose Rodriguez |
Publisher | : |
Total Pages | : 114 |
Release | : 2005 |
Genre | : |
ISBN | : |
Download Whisper Forecasts and Earnings Management Book in PDF, ePub and Kindle
Author | : Andrew C. Call |
Publisher | : |
Total Pages | : 0 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download Short-Term Earnings Guidance and Earnings Management Book in PDF, ePub and Kindle
We study the relation between short-term earnings guidance and earnings management. We find that firms issuing short-term earnings forecasts exhibit significantly lower absolute abnormal accruals, our proxy for earnings management, than do firms that do not issue earnings forecasts. Regular guiders also exhibit less earnings management than do less regular guiders. These findings are contrary to conventional wisdom but consistent with the implications of Dutta and Gigler (2002) and the expectations alignment role of earnings guidance (Ajinkya and Gift 1984). Our results continue to hold after we control for self-selection and potential reverse causality concerns, and in a setting where managers are documented to have strong incentives to manage earnings. Additional analysis reveals that guiding firms exhibit less income-increasing accrual management whether firms guide expectations upwards or downwards, and no evidence that guiding firms inflate earnings through real activities management. We also provide evidence to demonstrate that meeting-or-beating benchmarks is not an appropriate proxy for earnings management in our research setting.
Author | : Hwa Deuk Yi |
Publisher | : |
Total Pages | : 236 |
Release | : 1994 |
Genre | : Corporate profits |
ISBN | : |
Download Management Earnings Forecasts Book in PDF, ePub and Kindle
Author | : Yuan Shi (Ph.D.) |
Publisher | : |
Total Pages | : 98 |
Release | : 2019 |
Genre | : Business forecasting |
ISBN | : |
Download An Empirical Test of Learning in Management Earnings Forecasts Book in PDF, ePub and Kindle
My dissertation examines whether managers issuing earnings guidance learn from the forecast errors in prior earnings guidance issued by them. Using data on quarterly earnings forecasts issued by managers during the period from 2001 to 2016, I find results that are consistent with managers learning from their previous forecast errors to improve their forecast accuracy. However, the intensity of the managers' reactions to previous forecast errors is asymmetric. Consistent with prior literature that emphasizes the importance of meeting or beating forecasts for managers, certain managers that miss their own forecasts tend to be conservative enough in their future forecasts to avoid missing their own forecasts again. However, as expected, when the managers have met or beaten their previous forecasts, they have a smaller forecast error, but they still beat their previous forecasts. Additional analysis suggests that these effects persist even after controlling for potential earnings management to achieve these earnings targets. I also examine the impact of managerial attributes and board governance characteristics on the learning process. My analysis suggests that while CEO overconfidence and CFO overconfidence appear to impede learning, Managerial ability, CEO duality and outside CEO(s) as director(s) strengthen the learning effect. My findings shed light on an important aspect of management guidance and may have implications for users of this information such as financial analysts and investors.
Author | : Lixin Su |
Publisher | : |
Total Pages | : 326 |
Release | : 2005 |
Genre | : Corporations |
ISBN | : |
Download Earnings Management and Forecast Guidance as Mechanisms to Meet Or Beat Analysts' Earnings Forecasts Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Meeting Mandatory Management Earnings Forecast Through Real Earnings Management Book in PDF, ePub and Kindle