The Association of Earnings Management with Current Returns, Current Market Values, Future Returns, Executive Compensation and the Likelihood of Being a Target of 10b-5 Litigation PDF Download
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Author: Christopher L. Jones
Publisher:
ISBN:
Category :
Languages : en
Pages : 290
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Book Description
Author: Christopher L. Jones
Publisher:
ISBN:
Category :
Languages : en
Pages : 290
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Book Description
Author: Cheng F. Lee
Publisher: Center for PBBEFR & Airiti Press
ISBN: 9866286657
Category : Business & Economics
Languages : en
Pages :
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Book Description
Advances in Quantitative Analysis of Finance and Accounting (New Series) is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.
Author: J. Timothy Sale
Publisher: Elsevier
ISBN: 0080549640
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
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.
Author: Bo Sun
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 468
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Book Description
Author: Joshua Ronen
Publisher: Springer Science & Business Media
ISBN: 0387257713
Category : Business & Economics
Languages : en
Pages : 587
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Book Description
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:
Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 784
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 155
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Book Description
Studies in the accounting literature suggest that managers conduct earnings management in an opportunistic (OEM) manner which enriches the CEO at the expense of shareholders. An alternative view is that earnings management signals the firms future prospects (FSEM) which is consistent with shareholder value maximization. The current study uses a firm specific mapping of accruals into future cash flows to differentiate between FSEM and OEM and then investigates whether the CEOs FSEM and OEM choices map into their compensation mechanism. Using a fifteen-year panel data set of CEOs in the largest, publicly traded U.S. companies, I document that, after controlling for CEO and firm specific determinants of compensation, FSEM (OEM) CEOs receive a compensation incentive premium (discount). Second, I document a positive (negative) association between CEO compensation and total long term cumulative shareholder returns for the FSEM (OEM) portfolios. Finally, consistent with signaling theory, I document that, after controlling for all other effects, the group of FSEM firms have significantly higher annual abnormal returns than the group of OEM firms. My results also suggest that the relation between the FSEM signal and risk adjusted returns depends on the length of the horizon considered in calculating risk adjusted returns.
Author: American Bar Association. House of Delegates
Publisher: American Bar Association
ISBN: 9781590318737
Category : Law
Languages : en
Pages : 216
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Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author: Bobae Choi
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
This paper examines whether CEO stock-based compensation has an effect on the market's ability to predict future earnings. When stock-based compensation motivates managers to share their private information with shareholders, it will expedite the pricing of future earnings in current stock prices. In contrast, when equity-compensated managers attempt to temporarily manipulate the stock price to maximize their own benefit rather than that of shareholders, the market may not fully anticipate future performance. We find that a CEO's stock-based compensation strengthens the association between current returns and future earnings, indicating that more information about future earnings is reflected in current stock prices. In addition, we find that the positive effect is weaker for firms that have a high level of signed discretionary accruals or a low management forecast frequency. Overall, our study suggests that on average, equity-based compensation improves the informativeness of stock prices about future earnings, while opportunistic discretionary accruals or lowered earnings guidance hamper this improvement.
