Asymmetrically Timely Loss Recognition and the Accrual Anomaly. Evidence from Pakistan's Non-Financial Sectors PDF Download
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Author: Amna Asim Publisher: ISBN: Category : Languages : en Pages : 71
Book Description
An important role of Conditional conservatism is to align the timely expense recognition of revenue generated in terms of losses comparative to the profit over negative components of accruals. Accrual anomaly shows asymmetric differential persistence for accruals and cash flows in years of economic gains rather than losses. The direct implication of this research on the pattern of pricing of accruals component of earning exhibits positive relationship of excess returns with accruals and stock returns whereas the negative relationship with earnings, market capitalization, and indicator variable of profit firms. Overall, the research result is consistent with Konstantinidi et al. (2015), accrual effect on stock return is existent for earnings generated firms while not apparent for loss firms. This evidence provides relevant information on the aspects of accrual anomaly and its association with the variables of conditional conservatism on the pricing of accrual during the profit years.
Author: Amna Asim Publisher: ISBN: Category : Languages : en Pages : 71
Book Description
An important role of Conditional conservatism is to align the timely expense recognition of revenue generated in terms of losses comparative to the profit over negative components of accruals. Accrual anomaly shows asymmetric differential persistence for accruals and cash flows in years of economic gains rather than losses. The direct implication of this research on the pattern of pricing of accruals component of earning exhibits positive relationship of excess returns with accruals and stock returns whereas the negative relationship with earnings, market capitalization, and indicator variable of profit firms. Overall, the research result is consistent with Konstantinidi et al. (2015), accrual effect on stock return is existent for earnings generated firms while not apparent for loss firms. This evidence provides relevant information on the aspects of accrual anomaly and its association with the variables of conditional conservatism on the pricing of accrual during the profit years.
Author: Joshua Ronen Publisher: Springer Science & Business Media ISBN: 0387257713 Category : Business & Economics Languages : en Pages : 587
Book Description
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?
Author: Jennifer Francis Publisher: Now Publishers Inc ISBN: 1601981147 Category : Business & Economics Languages : en Pages : 97
Book Description
This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.
Author: Patricia M. Dechow Publisher: Research Foundation of the Institute of Chartered Financial Analysts ISBN: 9780943205687 Category : Corporate profits Languages : en Pages : 152
Author: World Bank Publisher: World Bank Publications ISBN: 0821381415 Category : Social Science Languages : en Pages : 280
Book Description
This book examines how to ensure that the preventive measures are worthwhile and effective, and how people can make decisions individually and collectively at different levels of government.
Author: Un-Habitat Publisher: Routledge ISBN: 1136565744 Category : Architecture Languages : en Pages : 298
Book Description
'Achieving the goals set by world leaders in the United Nations Millennium Declaration will be difficult without a significant improvement in the lives of slum dwellers, and the lives of slum dwellers cannot be improved without the sound and sustainable economic development that is conducive to the establishment of a strong shelter sector. As Financing Urban Shelter: Global Report on Human Settlements 2005 emphasizes, one of the key challenges in meeting the Millennium Declaration Goal on slums is mobilization of the financial resources necessary for both slum upgrading and slum prevention by supplying new housing affordable to lower income groups on a large scale. . . . It is my hope that, by highlighting the impacts of current shelter financing systems on low-income households and by identifying the types of financing mechanisms that appear to have worked for them, this report will contribute to the efforts of the wide range of actors involved in improving the lives of slum dwellers, including governments at the central and local levels, as well as non-governmental and international organizations.' From the Foreword by KOFI ANNAN, Secretary-General, United Nations Financing Urban Shelter presents the first global assessment of housing finance systems, placing shelter and urban development challenges within the overall context of macroeconomic policies. The report describes and analyses housing finance conditions and trends in all regions of the world, including formal housing finance mechanisms, microfinance and community funding, highlighting their relevance to the upgrading of slums. Recent shelter finance policy development is discussed at the international and national levels, and the directions that could be taken to strengthen shelter finance systems are examined. The Global Report on Human Settlements is the most authoritative and up-to-date assessment of conditions and trends in the world's cities. It is an essential tool and reference for researchers, academics, public authorities and civil society organizations around the world. The preceding issues of the Global Report on Human Settlements have addressed such topics as An Urbanizing World, Cities in a Globalizing World and The Challenge of Slums. Published with UN-HABITAT
Author: World Bank Publications Publisher: World Bank Publications ISBN: 1464802297 Category : Business & Economics Languages : en Pages : 391
Book Description
This Toolkit provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It concludes with guidance on managing the reform process, in particular how to prioritize and sequence reforms, build capacity, and engage with stakeholders.
Author: Blanca Moreno-Dodson Publisher: World Bank Publications ISBN: 0821396315 Category : Business & Economics Languages : en Pages : 285
Book Description
The effects of fiscal policy measures, both taxes and public spending, adopted by developing countries in response to the 2009 global crisis are still uncertain. This book discusses them using an analytical framework that allows for distilling possible implications on growth and social welfare.
Author: Amna Asim
Author: Amna Asim
Author: Joshua Ronen
Author: Jennifer Francis
Author: James Harris Bliss
Author: Patricia M. Dechow
Author: World Bank
Author: Un-Habitat
Author: 
Author: World Bank Publications
Author: Blanca Moreno-Dodson