Results 251 to 260 of about 2,028 (299)

Peer firms’ earnings predictability and pricing efficiency – evidence from IPOs*

European Journal of Finance, 2020
We examine the effect of peer firms’ earnings predictability on initial public offering (IPO) underpricing by investigating whether peer firms’ financial characteristics affect IPO pricing and whether the information disseminated by the IPO firm changes ...
Zabihollah Rezaee, Ji Yu
exaly   +2 more sources

The impact of audit quality on earnings predictability [PDF]

Managerial Auditing Journal, 2009
Purpose – This paper examines the impact of audit quality, measured by financial statements audited by the big four accounting firms, on the investors' ability to predict future earnings for profitable and unprofitable firms. Methodology – The paper uses
Khaled Hussainey
exaly   +2 more sources

Exploring the Impact of Ownership Structure on Earnings Predictability: Insights from Japan [PDF]

Indian Journal of Corporate Governance, 2016
Using a very recent data over the period from 2007 to 2012 (sample period 2001–2012), this study estimates the relationship between ownership structure and earnings predictability in Japanese listed companies.
Mohammed Mehadi Masud Mazumder
exaly   +2 more sources

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Predicting Earnings Management: The Case of Earnings Restatements

SSRN Electronic Journal, 2003
This paper examines the usefulness of accounting information in predicting earnings management. We investigate a comprehensive sample of firms from 1971-2000 that restated annual earnings. We find that firms restating earnings have high market expectations for future earnings growth and have higher levels of outstanding debt.
Scott A. Richardson, A. Irem Tuna, Min Wu   +2 more
openaire   +1 more source

The predictive qualities of earnings volatility and earnings uncertainty

Review of Accounting Studies, 2014
This study examines the differential predictive power of past earnings volatility for analyst forecast errors and future returns. Past earnings volatility jointly captures two correlated, but distinct, earnings properties: time-series earnings variation and uncertainty in future earnings. To distinguish between these two earnings properties, we develop
Dain C. Donelson, Robert J. Resutek
openaire   +1 more source

An investigation into the effect of surplus free cash flow, corporate governance and firm size on earnings predictability [PDF]

International Journal of Accounting and Information Management, 2014
Purpose– Existing studies on corporate governance mainly focus on how a strong governance system enhances the valuation of firms with cash holding or free cash flow agency problem. The aims of this paper are threefold.First, it investigates the impact of
Ku Nor Izah Ku Ismail
exaly   +2 more sources

Earnings predictability and bias in analysts' earnings forecasts.

The Accounting Review, 1998
Abstract This paper examines cross-sectional differences in the optimistic behavior of financial analysts. Specifically, we investigate whether the predictive accuracy of past information (e.g., time-series of earnings, past returns, etc.) is associated with the magnitude of the bias in analysts' earnings fore- casts.
Somnath Das, Carolyn B. Levine, K. Sivaramakrishnan   +2 more
openaire   +1 more source

Illiquidity and Earnings Predictability

SSRN Electronic Journal, 2011
This paper studies whether illiquidity affects the predictability of fundamental valuation variables. Firm-level, cross-sectional analyses show that returns of illiquid stocks contain less information about their firm's future earnings growth compared to those of more liquid stocks.
Jon N. Kerr, Gil Sadka, Ronnie Sadka
openaire   +1 more source

Bank Corporate Governance and Future Earnings Predictability [PDF]

Journal of Financial Services Research, 2019
This study examines the impact of corporate governance on earnings predictability (future cash flows) for banks operating in 71 countries over the period 2007 to 2016. We find that board structure and CEO power have a significant influence on future cash
Sabur Mollah, Omar Al Farooque, Asma Mobarek   +2 more
exaly   +2 more sources

The Variability of Earnings and Non‐Earnings Information and Earnings Prediction

Journal of Business Finance & Accounting, 1999
This paper examines the performance of a ‘composite’ model of earnings prediction that integrates current earnings and current price as predictors of next year's earnings. The results show that current earnings (current price) play a key role in predicting future earnings when the ratio of earnings variance to price variance is low (high).
openaire   +1 more source