计量经济分析 = Econometric analysis

1. Introduction and Overview. 2. Detecting Influential Observations and Outliers. 3. Detecting and Assessing Collinearity. 4. Applications and Remedies. 5. Research Issues and Directions for Extensions. Bibliography. Author Index. Subject Index.

Regression Diagnostics: Identifying Influential Data and Sources of Collinearity

https://faculty.fuqua.duke.edu/~charvey/Research/Working_Papers/W73_The_economic_implications.pdf

The economic implications of corporate financial reporting

The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.

Economics of Information

https://isiarticles.com/bundles/Article/pre/pdf/14778.pdf

The market pricing of accruals quality

We survey 401 financial executives, and conduct in-depth interviews with an additional 20, to determine the key factors that drive decisions related to performance measurement and voluntary disclosure. The majority of firms view earnings, especially EPS, as the key metric for an external audience, more so than cash flows. We find that the majority of managers would avoid initiating a positive NPV project if it meant falling short of the current quarter's consensus earnings. Similarly, more than three-fourths of the surveyed executives would give up economic value in exchange for smooth earnings. Managers believe that missing an earnings target or reporting volatile earnings reduces the predictability of earnings, which in turn reduces stock price because investors and analysts dislike uncertainty. We also find that managers make voluntary disclosures to reduce information risk associated with their stock but at the same time, try to avoid setting a disclosure precedent that will be difficult to maintain. In general, management's views support stock price motivations for earnings management and voluntary disclosure, but provide only modest evidence consistent with other theories of these phenomena (such as debt, political cost and bonus plan based hypotheses).

/pdf/the-economic-implications-of-corporate-financial-reporting-3qt78ac76h.pdf

The Economic Implications of Corporate Financial Reporting

https://www0.gsb.columbia.edu/mygsb/faculty/research/pubfiles/12922/rajgopal_earnings.pdf

Earnings quality: Evidence from the field

Empirical evidence on the relation between stock option compensation and risk taking

https://isiarticles.com/bundles/Article/pre/pdf/14735.pdf

Shivaram Rajgopal

Papers

The economic implications of corporate financial reporting

The Economic Implications of Corporate Financial Reporting

Earnings quality: Evidence from the field

Empirical evidence on the relation between stock option compensation and risk taking

Why is the accrual anomaly not arbitraged away? The role of idiosyncratic risk and transaction costs $