Journal ArticleDOI
Earnings management, stock issues, and shareholder lawsuits
Reads0
Chats0
TLDR
This article found that abnormal accounting accruals are unusually high around stock offers, especially high for firms whose offers subsequently attract lawsuits, and that such accrual reversals tend to reverse after stock offers and are negatively related to post-offer stock returns.Citations
More filters
Journal ArticleDOI
Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences
TL;DR: This paper pointed out that the "quality" of earnings is a function of the firm's fundamental performance and suggested that the contribution of a firms fundamental performance to its earnings quality is suggested as one area for future work.
Journal ArticleDOI
Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences
TL;DR: In this paper, the authors point out that the quality of earnings is a function of the firm's fundamental performance and suggest that the contribution of a firms fundamental performance to its earnings quality is suggested as one area for future work.
Journal ArticleDOI
Accrual-Based and Real Earnings Management Activities Around Seasoned Equity Offerings
Daniel Cohen,Paul Zarowin +1 more
TL;DR: In this paper, the authors examine earnings management behavior around SEOs, focusing on both real activities and accrual-based manipulation, and show that the tendency for firms to tradeoff real versus accruality-based earnings management activities around SEO's varies cross-sectionally.
Journal ArticleDOI
Accrual-Based and Real Earnings Management Activities Around Seasoned Equity Offerings
Daniel Cohen,Paul Zarowin +1 more
TL;DR: The authors show that post-SEO operating underperformance is driven not only by accrual reversals, but also reflects the real consequences of operational decisions made to manage earnings, and they also show how firms' choices of real versus accruality-based earnings management activities around SEOs vary predictably as a function of the firm's ability to use Accrual management and the costs of doing so.
Journal ArticleDOI
Female Directors and Earnings Quality
References
More filters
Journal ArticleDOI
A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
TL;DR: In this article, a parameter covariance matrix estimator which is consistent even when the disturbances of a linear regression model are heteroskedastic is presented, which does not depend on a formal model of the structure of the heteroSkewedness.
Journal ArticleDOI
Earnings Management During Import Relief Investigations
TL;DR: In this article, the authors test whether firms that would benefit from import relief attempt to decrease earnings through earnings management during import relief investigations by the United States International Trade Commission (ITC).
Posted Content
Detecting Earnings Management
TL;DR: In this paper, the authors evaluate alternative models for detecting earnings management by comparing the specification and power of commonly used test statistics across the measures of discretionary accruals generated by each model.
Journal ArticleDOI
An empirical evaluation of accounting income numbers
Ray Ball,Philip Brown +1 more
TL;DR: In this article, it is argued that income numbers cannot be defined substantively, that they lack "meaning" and are therefore of doubtful utility, and the argument stems in part from the patchwork development of account-based theories.
Journal Article
Detecting earnings management
TL;DR: In this paper, the authors evaluate alternative accrual-based models for detecting earnings management and find that they appear well specified when applied to a random sample of firm-years.