Smoothing Income Numbers

Smoothing Income Numbers
Author: Joshua Ronen
Publisher: Addison Wesley Publishing Company
Total Pages: 148
Release: 1981-01-01
Genre: Income accounting
ISBN: 9780201063479

Earnings Management

Earnings Management
Author: Joshua Ronen
Publisher: Springer Science & Business Media
Total Pages: 587
Release: 2008-08-06
Genre: Business & Economics
ISBN: 0387257713

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?

Cash Flow Reporting (RLE Accounting)

Cash Flow Reporting (RLE Accounting)
Author: Thomas Lee
Publisher: Routledge
Total Pages: 420
Release: 2014-02-05
Genre: Business & Economics
ISBN: 1317975685

There are introductory analyses by the editor and suggested further readings for discussion or essay papers.

Applications in Finance, Investments, and Banking

Applications in Finance, Investments, and Banking
Author: Diem Ho
Publisher: Springer Science & Business Media
Total Pages: 356
Release: 1998-12-31
Genre: Business & Economics
ISBN: 9780792382942

Not as in trying to get work as a teller, but applying mathematical and economic tools to optimization in portfolio management, regulatory issues in financial product management, and investment management issues in both domestic and international markets. In eight studies, examines principles for controlling asset liability management strategies in banks and insurance companies; a unified approach to performance attribution, volatility; diversifying earnings forecast errors through composites of market-based analyst and time-series predictions, the valuation of cross-currency interest-sensitive claims with application to Diff swaps, and other topics. Double spaced. No index. Annotation copyrighted by Book News, Inc., Portland, OR

Expectations and the Structure of Share Prices

Expectations and the Structure of Share Prices
Author: John G. Cragg
Publisher: University of Chicago Press
Total Pages: 185
Release: 2009-05-15
Genre: Business & Economics
ISBN: 0226116727

John G. Cragg and Burton G. Malkiel collected detailed forecasts of professional investors concerning the growth of 175 companies and use this information to examine the impact of such forecasts on the market evaluations of the companies and to test and extend traditional models of how stock market values are determined.

Dividend Behavior for the Aggregate Stock Market

Dividend Behavior for the Aggregate Stock Market
Author: Terry A Marsh
Publisher: Legare Street Press
Total Pages: 0
Release: 2022-10-27
Genre:
ISBN: 9781018157917

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Multinationality--Earnings, Efficiency, and Market Considerations

Multinationality--Earnings, Efficiency, and Market Considerations
Author: Ahmed Riahi-Belkaoui
Publisher: Bloomsbury Publishing USA
Total Pages: 289
Release: 2001-12-30
Genre: Business & Economics
ISBN: 031300482X

The impact of multinationality on the operations of a firm is clear and strong. Riahi-Belkaoui shows how it affects the known relationships between earnings, efficiency, disclosure, and market valuation by its role as a dependent, moderating, intervening antecedant or consequent variable. Its impact can be felt, for example, in relationships and phenomena such as the timeliness and the informativeness of earnings, the underreaction of securities analysts, post-earnings announcement drifts, and the level and quality of disclosure. An understanding of multinationality in the earnings-disclosure-efficiency-market valuation relationship can also be used by accountants and researchers in their daily activities, and by corporate executives in multinational organizational decision making. The result is a useful, probing exploration for academics and practitioners alike.

Growth Or Glamour?

Growth Or Glamour?
Author: John Y. Campbell
Publisher:
Total Pages: 66
Release: 2005
Genre: Stocks
ISBN:

The cash flows of growth stocks are particularly sensitive to temporary movements in aggregate stock prices (driven by movements in the equity risk premium), while the cash flows of value stocks are particularly sensitive to permanent movements in aggregate stock prices (driven by market-wide shocks to cash flows.) Thus the high betas of growth stocks with the market's discount-rate shocks, and of value stocks with the market's cash-flow shocks, are determined by the cash-flow fundamentals of growth and value companies. Growth stocks are not merely "glamour stocks" whose systematic risks are purely driven by investor sentiment. More generally, accounting measures of firm-level risk have predictive power for firms' betas with market-wide cash flows, and this predictive power arises from the behavior of firms' cash flows. The systematic risks of stocks with similar accounting characteristics are primarily driven by the systematic risks of their fundamentals.

New Directions in Finance

New Directions in Finance
Author: Dilip K. Ghosh
Publisher: Routledge
Total Pages: 308
Release: 2018-10-24
Genre: Business & Economics
ISBN: 1136156186

The stock market crash of 1987 had a tumultuous effect on the world of finance. The reverberations of this collapse are still being felt and a number of issues and problems are still unresolved. New Directions in Finance discusses these issues and looks to future developments in international finance. The book contains sections which look at capital structure; the cost of capital and agency issues; mergers and takeovers, and options, futures and forward trading. Including a contribution by Nobel Laureate Merton Miller, New Directions in Finance presents a state of the art guide to international finance.