Essays on the Determinants of the Relation Between Stock Prices and Accounting Earnings

Essays on the Determinants of the Relation Between Stock Prices and Accounting Earnings PDF Author: Tak-jun Wong
Publisher:
ISBN:
Category : Accounting and price fluctuations
Languages : en
Pages : 274

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Essays on the Determinants of the Relation Between Stock Prices and Accounting Earnings

Essays on the Determinants of the Relation Between Stock Prices and Accounting Earnings PDF Author: Tak-jun Wong
Publisher:
ISBN:
Category : Accounting and price fluctuations
Languages : en
Pages : 274

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Book Description


Essays on the Relationship Between Stock Proces, Dividends and Accounting Earnings

Essays on the Relationship Between Stock Proces, Dividends and Accounting Earnings PDF Author: Michael Constas
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 320

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Dissertation Abstracts International

Dissertation Abstracts International PDF Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 628

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Essays on the Determinants and Effects of Financial Reporting Quality

Essays on the Determinants and Effects of Financial Reporting Quality PDF Author: Ting Luo
Publisher:
ISBN:
Category :
Languages : en
Pages : 140

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Essays in Financial Economics

Essays in Financial Economics PDF Author: Rita Biswas
Publisher: Emerald Group Publishing
ISBN: 178973391X
Category : Business & Economics
Languages : en
Pages : 179

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Book Description
This volume, dedicated to John W. Kensinger, explores a variety of topics in financial economics, including firm growth, investment risks, and the profitability of the banking industry. With its global perspective, Essays in Financial Economics is a valuable addition to the bookshelf of any researcher in finance.

The Theory and Measurement of Business Income

The Theory and Measurement of Business Income PDF Author: Edgar O. Edwards
Publisher: Univ of California Press
ISBN:
Category : Business cycle
Languages : en
Pages : 344

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Earnings Quality

Earnings Quality PDF Author: Jennifer Francis
Publisher: Now Publishers Inc
ISBN: 1601981147
Category : Business & Economics
Languages : en
Pages : 97

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Book Description
This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.

Two Essays

Two Essays PDF Author: Carolyn Streuly
Publisher:
ISBN:
Category : Risk management
Languages : en
Pages : 382

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American Doctoral Dissertations

American Doctoral Dissertations PDF Author:
Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 776

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Valuation Approaches and Metrics

Valuation Approaches and Metrics PDF Author: Aswath Damodaran
Publisher: Now Publishers Inc
ISBN: 1601980140
Category : Business & Economics
Languages : en
Pages : 102

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Book Description
Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.