Results 121 to 130 of about 2,028 (299)
Explaining Returns-earnings Relation:The Role of Predictability
, 2013 自Ball與Brown於1968年提出報酬和盈餘為存在正向關係的實證研究後，陸續有許多文獻利用不同模型從各種觀點來解釋該關係；本論文藉由分析個別公司以及市場整體測試的實證結果，了解投資人對盈餘的預測能力是否能有效解釋報酬與盈餘之關係。 本研究之實證結果簡述如下： (1) 市場整體報酬與盈餘之正向關係較個別公司報酬與盈餘之正向關係明顯。 (2) 投資人對於個別公司之盈餘預測能力較佳。 (3) 當投資組合中加入越多公司，投資人對該投資組合之盈餘預測能力下降。由以上實證結果可推論 ...
Chang, Yun-Hsuan, 張芸軒
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On the Evolution of the Stock Market Efficiency: Evidence From Emerging Markets
International Studies of Economics, EarlyView.ABSTRACT The study of market efficiency is one of the most covered topics in the field of financial markets, with the Efficient Market Hypothesis gathering devotees as well as several critics. The perception of markets as agents with an adaptive nature gave rise to the Adaptive Market Hypothesis (AMH).
Júlio Lobão, Luís Pacheco, Nuno Cruz
wiley +1 more source
Governance structure, ownership structure and earnings predictability: Malaysian evidence
, 2013 This study is distinct from prior research focusing mainly on the relationship of corporate governance mechanisms to earnings management or earnings informativeness because it examines the associations between governance structure, ownership structure ...
Nik Zainun
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Performance Measures, Discretionary Accruals, and CEO Cash Compensation
Journal of Corporate Accounting &Finance, EarlyView.ABSTRACT This paper examines the relative weights assigned to three performance measures—stock returns, accounting earnings, and operating cash flows—in determining executive cash compensation. We find that returns receive the highest weight, followed by earnings, while cash flows carry the least weight.
Ya Dai, Harrison Liu, Jennifer Yin
wiley +1 more source
Strategic Change, EarlyView.ABSTRACT Digital platform (DP) enterprises have risen to the top of the global economy by inverting traditional business models. They earn money through matchmaking, transaction facilitation, and efficient orchestration of other stakeholders' resources.
Lukas R. G. Fitz, Jochen Scheeg
wiley +1 more source
Accruals and Aggregate Stock Market Returns
Past research has shown that the level of operating accruals is a negative cross-sectional predictor of stock returns. This paper examines whether the accrual anomaly extends to the aggregate stock market. In contrast with cross-sectional findings, there
Hou, Kewei +2 more
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Relative Accuracy of Judgmental and Extrapolative Methods in Forecasting Annual Earnings [PDF]
This paper identifies and analyses previously published studies on annual earnings forecasts. Comparisons of forecasts produced by management, analysts, and extrapolative techniques indicated that: (1) management forecasts were superior to professional ...
JS Armstrong
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The Bazaar as a Model for Knowledge Work
Knowledge and Process Management, EarlyView.ABSTRACT This paper presents fieldwork that extends existing metaphors of knowledge work as a process shaped by hierarchical or market forces. A qualitative, ethnographic study of six knowledge‐intensive businesses in two countries identifies striking parallels with the Middle Eastern bazaar in contrast to Western impersonal markets and hierarchies. We
Reed Elliot Nelson +2 more
wiley +1 more source
Own the turf or lose it: Ultrasound‐guided procedures and the future of shoulder repair
Knee Surgery, Sports Traumatology, Arthroscopy, EarlyView.Abstract To highlight why the current arthroscopy‐centred paradigm may be insufficient for rotator cuff disease and to propose a surgeon‐led transition towards office‐based, ultrasound‐guided ‘micro’ interventions. The central question is whether earlier, less invasive image‐guided procedures can preserve tissue biology and improve value while ...
Alexandre Lädermann +2 more
wiley +1 more source
The Economic Implications of Corporate Financial Reporting [PDF]
We survey 401 financial executives, and conduct in-depth interviews with an additional 20, to determine the key factors that drive decisions related to reported earnings and voluntary disclosure.
John R. Graham +2 more
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