Results 271 to 280 of about 14,749 (306)
Some of the next articles are maybe not open access.
Persistence of Earnings Components and Price Momentum
SSRN Electronic Journal, 2018This study investigates whether the performance of stock price momentum is affected by factors associated with the persistence of earnings components. We find that stocks with high accruals (or low cash flows) generate higher momentum payoffs than low accruals (or high cash flows) stocks, and the additional momentum payoffs are mostly attributable to ...
Fangming Xu, Cheng Zeng, Liyi Zheng
openaire +1 more source
Earnings Management Through OCI Components
SSRN Electronic Journal, 2017This study examines whether firms transfer income between the income statement and other comprehensive income (OCI) to manage earnings. The results are consistent with managers opportunistically reclassifying income as OCI and OCI as income. Specifically, we find that firms strategically designate and de-designate derivatives in cash flow hedges to ...
Raluca Chiorean +2 more
openaire +1 more source
Review of Accounting Studies, 2007
We examine disagreement between management and Thomson Datastream over the persistence of earnings components. Using income statement and footnote disclosures, we identify the source and properties of disputed items. Disagreements typically reflect opaque reporting practices (for example, in the case of transitory operating items) and restrictive ...
Martin Walker +2 more
exaly +3 more sources
We examine disagreement between management and Thomson Datastream over the persistence of earnings components. Using income statement and footnote disclosures, we identify the source and properties of disputed items. Disagreements typically reflect opaque reporting practices (for example, in the case of transitory operating items) and restrictive ...
Martin Walker +2 more
exaly +3 more sources
Earnings and the principal components of job performance
Economics Letters, 1988Abstract Unlike earlier studies of the relationship between earnings and job performance, our study treats the latter as a multidimensional variable. We extract two principal components. We find that only the positive aspect of job commitment has a significant impact on earnings.
Kiong-Hock Lee, Shyamala Nagaraj
openaire +1 more source
On the pricing of the persistence of earnings components in China
Pacific-Basin Finance Journal, 2019Abstract We examine the market pricing of the persistence of earnings components in the Chinese stock market. We find that the market on average misprices the persistence of total earnings. By decomposing total earnings into components, we find that while the market shows no evident mispricing of the persistence of the industry-wide earnings ...
Xuan Wu +3 more
openaire +1 more source
The Persistence and Pricing of the Cash Component of Earnings
Journal of Accounting Research, 2006ABSTRACTPrior research shows that the cash component of earnings is more persistent than the accrual component. We decompose the cash component into: (1) the change in the cash balance, (2) issuances/distributions to debt, and (3) issuances/distributions to equity.
Richardson, S A, Dechow, P M, Sloan, R
openaire +1 more source
Value Relevance of Earnings Component in the Financial Industry
RSF Conference Series: Business, Management and Social Sciences, 2021PSAK No. 1 of 2009 is enforced from 2011 onwards. The presentation of the income statement changes to a comprehensive income statement consisting of operating income, non-operating income, net income, other comprehensive income (OCI). The purpose of this study was to test the value relevance of OCI and other components of earnings that were tested ...
Retno Yulianti, Zuhrohtun Zuhrohtun
openaire +1 more source
Estimating earnings trend using unobserved components framework
Economics Letters, 2009Regressions for predicting long-term stock returns often use moving averages of earnings to proxy for unobserved future earnings. We show that the earnings trend can be directly estimated using unobserved components models. Valuation ratios based on the estimated trends improve the fit of stock return predictive regressions.
Arabinda Basistha, Alexander Kurov
openaire +1 more source
Stationary Components of Earnings and Stock Prices
SSRN Electronic Journal, 2001I estimate a model for earnings containing a cyclical (stationary) component, in addition to a random walk trend modeled in extant studies, and investigate the extent to which the earnings cycle is capitalized in stock price. I estimate the cyclical component utilizing the Kalman filter.
openaire +1 more source
The Accounting Review, 2000
This paper provides evidence that managers strategically select the prior-period earnings amount that is used as a benchmark to evaluate current-period earnings in quarterly earnings announcements. Managers are more likely to separately announce a prior-period gain from the sale of property, plant, and equipment (PPE) than a loss.
Catherine M. Schrand, Beverly R. Walther
openaire +1 more source
This paper provides evidence that managers strategically select the prior-period earnings amount that is used as a benchmark to evaluate current-period earnings in quarterly earnings announcements. Managers are more likely to separately announce a prior-period gain from the sale of property, plant, and equipment (PPE) than a loss.
Catherine M. Schrand, Beverly R. Walther
openaire +1 more source