Did Paypal report earnings?
Answers from top 17 papers
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| Papers (17) | Insight |
|---|---|
101 Citations | Such results indicate more informed earnings interpretations of quarterly earnings when firms provide balance sheet and/or cashflow information concurrently. |
| This study documents that the market places more reliance on earnings announcements with a completed audit than on earnings announcements with an incomplete audit. | |
| The findings suggest aggregate earnings news is positively related to contemporaneous stock returns. | |
| Originality/value - This paper is the first study to provide evidence that the opportunistic reporting of PF earnings is associated with managerial inability to meet earnings targets through earnings management. | |
| Moreover, it would appear that stock market investors see through earnings management and re-adjust the relationship between reported earnings and firm valuation in the year earnings are subject to external investigations by the tribunal. | |
| We also document that the change in the information content of earnings for more informative reconcilers was contemporaneous with a change in earnings attributes for these firms. | |
| Several studies on the relationship between earnings reports and security price behavior provide evidence suggesting that a significant portion of the information revealed through earnings reports is reflected in security prices prior to the report month (e. g., Ball and Brown [1968] and Brown and Kennelly [1972]). | |
20 Citations | Our experimental results suggest that when two peer firms sequentially preannounce positive earnings news, investors’ assessments of the target firm’s one-year-ahead earnings per share (EPS) are affected by the peer firm’s preannouncing behaviors. |
| This paper therefore fills this gap in the literature by providing the first evidence for UK FTSE 350 companies that auditor report is positively associated with real and accrual earnings management. | |
| The results confirm the earnings management hypothesis. | |
| Practical implications - The paper shows that reported earnings are viewed as a primary measure of firm performance and mechanisms behind earnings management have important implications in deriving informative summary measures of firm performance. | |
| We also show that that while both the SUEAF and standardized unexpected earnings (SUE) capture earnings surprise, each contains information that is not entirely subsumed by the other. | |
| It advances our understanding on the PF earnings reporting behaviour. | |
34 Citations | This provides direct evidence that the 'kink' in the distribution of earnings arises from earnings management. |
| While prior research has documented that the market uses industry peer earnings and customer earnings in pricing a firm’s stock, this is the first study to provide evidence on the market’s use of supplier earnings information. | |
| The study significantly finds evidence that fraud firms manage earnings on a sequential basis between accruals earnings management and real earnings management prior to fraud year. | |
| Finally, the results indicate that, under such circumstances, entities trade off earnings manipulation strategies and define earnings management behaviours based on the probability of being detected, rather than looking at the cost of such earnings management tools. |