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Using novel earnings calendar data, we show that firms’ advanced scheduling of earnings announcement dates foreshadows their earnings news.
Our results suggest that as information about future earnings that could have been discerned from the earlier announcements (because past earnings surprises predict future ones) is disseminated in a more transparent form, investors revise their earnings expectations to reflect this information.
This paper shows that dividend changes reveal new information about future earnings levels and are mixed with regard to future earnings variance.
The question and answer portion of the call has incremental explanatory power for the post-earnings-announcement drift and this significance is primarily concentrated in firms that do not pay dividends, illustrating differences in investor behavior based on the level of cash flow uncertainty.
We also find that the future earnings response coefficient of earnings reported under Chinese GAAP continues to increase, indicating that the timeliness of recognition of earnings reported under Chinese GAAP worsened after a series of harmonization and convergence with IFRS in China.

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What is the difference between religion and denomination?
4 answers
Religion refers to a broader belief system and set of practices followed by a group of people, while a denomination is a specific subgroup within a religion that shares common beliefs and practices. Religion encompasses various faiths and spiritual traditions, while a denomination is a distinct branch or subgroup within a particular religion, often characterized by specific doctrines or practices. Denominations can have their own organizational structures, leadership, and interpretations of religious teachings, contributing to diversity within a broader religious framework. Additionally, denominations may impact factors like earnings and educational outcomes, as seen in studies analyzing the effects of religious backgrounds on human capital and earnings disparities.
1.How the profit has changed related to the turnover?
5 answers
The relationship between profit and turnover varies across different studies. In the study by Mohaghegh, it was found that changes in profit margins have an inverse relationship with aggregate accruals, indicating that as aggregate accruals increase, profit margins decrease. Effendi and Wangdra discovered that stock turnover and cash flow had a significant negative impact on net profit margin at PT Infineon Technologies Batam. Sari and Andriyani's research on PT. Perkebunan Nusantara III (Persero) Medan showed that cash turnover and inventory turnover were not optimal in increasing profitability, with a decrease in cash turnover and profitability increase observed. Winda et al. found that inventory turnover and sales had a positive and significant influence on net income at CV. Mulya Motor Ujung Gading, West Pasaman Regency. These studies collectively highlight the diverse impacts of turnover on profit margins in different organizational settings.
Are people who look poor paid less or more for the same jobs?
5 answers
Research indicates that physical appearance, including looking poor, can impact wages. Plain individuals tend to earn less than average-looking or good-looking people, with a plainness penalty of 5 to 10 percent, slightly larger than the beauty premium. This effect is observed for both men and women, with unattractive women experiencing lower labor-force participation rates and marrying men with less human capital. Additionally, workplace demands for attractiveness, style, and interactional mannerisms can lead to discrimination based on appearance, favoring individuals from more privileged backgrounds. While traditional models often link appearance to subjective factors like beauty, recent studies have focused on objective physical characteristics like weight and height, showing a potential for wage discrimination based on physical appearance.
Impact of Artificial Neural Networks in the Prediction of Stock Market Indices using Forecasting Algorithms (Nigeria Perspective)?
5 answers
Artificial Neural Networks (ANNs) play a crucial role in predicting stock market indices, particularly in the Nigerian perspective. By leveraging ANN indicators, investors can consistently earn good returns in the Nigerian stock market. Additionally, AI techniques like machine learning algorithms, including ANNs, can help forecast changes in the stock market by analyzing data from various sources. The integration of recurrent neural networks (RNNs) and long short-term memory (LSTM) models further enhances investment decision-making by identifying temporal relationships and patterns in stock market data. Overall, utilizing ANN and other AI techniques in forecasting algorithms provides a robust approach to understanding and predicting stock market trends, especially in the dynamic and noisy environment of the Nigerian stock market.
How does weather impact the performance of businesses, particularly in terms of sales and revenue?
5 answers
Weather significantly affects businesses, especially in terms of sales and revenue. Studies show that weather conditions have persistent effects on sales, leading to increased volatility, with adaptation moderating some adverse impacts. Extreme temperatures can reduce revenues and operating income for firms, impacting financial performance relative to analyst predictions and earnings announcement returns. Research highlights that various weather conditions influence daily retail sales, with wind being particularly influential, especially in summer and spring months. The negative impacts of weather events on the economy, including agriculture, industry, and energy consumption, emphasize the urgent need to study the economics of climate change. Understanding these relationships can help businesses adjust staffing, inventory, promotions, compensation, and financial reporting to mitigate weather-related risks and optimize performance.
What is tobin's q?
5 answers
Tobin's q is a metric commonly used in financial analysis to estimate firm performance and market value. It is calculated by dividing the market value of a firm by the replacement cost of its assets. Higher Tobin's q values are often associated with firms that are new, have intangible assets, or are more efficient in their operations. However, studies have shown mixed results regarding the relationship between Tobin's q and various factors such as credit risk, firm performance, and audit opinions. Despite its widespread use, Tobin's q has faced criticism for potentially providing misleading information in certain contexts, particularly in marketing-related research questions.
What are the long-term benefits of education for individuals and society as a whole?
5 answers
Education offers numerous long-term benefits for individuals and society. Research indicates that education leads to increased economic growth, with each additional year of education resulting in a 4-7% rise in annual production per person. Furthermore, prioritizing universal education, especially for females, can lead to a range of advantages such as lower desired family size, improved family health, poverty reduction, and enhanced resilience to climate change. Post-18 education has been linked to benefits like increased civil engagement, economic activity, health outcomes, and broader societal advantages in the UK. Lifelong education policies emphasize the importance of continuous learning, offering short, medium, and long-term non-monetary social benefits. Overall, education not only boosts individual earnings but also contributes to improved health, social stability, reduced crime rates, and enhanced community development.
What are the statistics on civil service workload?
5 answers
The workload in civil service is a significant concern, with studies showing that job strain affects civil servants' job burnout, mental fatigue, and chronic diseases. Research indicates that workload intensification, reduced staffing, and new working practices contribute to increased working hours and stress levels among civil servants. Additionally, a study on the Population and Civil Registry Office of Madiun City revealed varying workload levels across different sections, with some areas needing additional employees due to overload while others are understaffed. The annual Civil Service statistics also provide insights into characteristics such as gross annual earnings, gender, ethnicity, and disability status, offering a comprehensive view of the workforce's workload distribution.
What is the relation of industrial robots and female employment?
5 answers
Industrial robots have varying impacts on female employment and the gender pay gap. Research shows that robot adoption in manufacturing establishments can lead to increased churning among female workers, with hiring rising significantly at adoption but separations also increasing, albeit with a smaller magnitude a year later. Additionally, the adoption of robots has been found to increase both male and female earnings but also widen the gender pay gap, especially in countries with high gender inequality levels. Moreover, the effects of automation technologies like industrial robots and computing equipment on the gender wage gap differ, with robots decreasing the male wage more than the female wage, while an increase in computers reduces the female wage more than the male wage.
What forecasting techniques are commonly employed in hospitality operations to gain a competitive advantage?
5 answers
In hospitality operations, various forecasting techniques are utilized to gain a competitive edge. These include Seasonal ARIMA Models for predicting room sales, fee-oriented strategies coupled with ownership structure analysis to enhance analyst forecast accuracy, and models inspired by cubic smoothing splines to forecast demand curves per rate class over time. Additionally, the use of long short-term memory (LSTM) models based on recurrent neural networks has shown improved forecasting accuracy in predicting hotel reservations. By leveraging these techniques, hospitality businesses can optimize revenue management strategies, allocate resources efficiently, plan marketing activities, and make informed decisions to stay ahead in the competitive industry landscape.
Does inequality causes union memebrship decline?
5 answers
Inequality indeed plays a significant role in the decline of union membership. Research indicates that as earnings inequality rises, union density tends to decrease. The decline in unionization is associated with changes in the income distribution, where average union members have become relatively better off, potentially leading to reduced support for wage solidarity and redistributive policies. Moreover, cultural attitudes deeply rooted in historical processes like colonization have influenced the decline in union membership density and the rise in inequality in the United States, highlighting the impact of cultural values on these trends. Overall, the relationship between inequality and union membership decline is complex, involving economic, cultural, and political factors.