The Interaction of Financial and Non-financial Information Sources PDF Download

Author: Kenneth Robert Janson
Publisher:
ISBN:
Category :
Languages : en
Pages : 297

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Author: Kenneth Robert Janson
Publisher:
ISBN:
Category : Stock price forecasting
Languages : en
Pages : 642

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264281282
Category :
Languages : en
Pages : 424

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Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and balance sheets, by providing non-technical explanations illustrated with practical examples.

Author: Elyashiv David Wiedman
Publisher:
ISBN:
Category :
Languages : en
Pages : 105

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The purpose of the dissertation is to examine the interaction among multiple information sources in financial markets such as among analysts and firm managers and the effect of these interactions on the information available in financial markets. In the first chapter, analysts of heterogeneous abilities may choose which firm to cover, firms with or without prior coverage, and then issue earnings forecasts. The information an analyst observes depends on his ability and may be correlated with that of other analysts who cover the same firm. It is shown that analysts with career concerns, i.e., who aim to appear well informed, may differ in their coverage decisions. Thus, analyst initiations of coverage provide information about analysts' abilities. Also, depending on the correlation of analysts' information and the prevalence of competent analysts, analysts' reputations are not necessarily monotonic in forecast accuracy, in contrast to the prevalent assumption in the empirical literature. Further, incompetent analysts bias their forecast if their information is not sufficiently precise. It is shown that forecasting bias is more likely when a few analysts cover the same firm than when an analyst initiates exclusive firm coverage. In the second chapter, the interaction between analysts and firms' managers is examined. A firm's manager may be regarding future demand and may disclose it at his discretion. An analyst who covers the firm's industry observes relevant information and issues a (possibly biased) forecast. Whether the analyst issues a biased or unbiased forecast is unknown to investors, who price the firm based on the available information. It is shown that investors' beliefs about the manager's information endowment and the analyst's forecasting objective are endogenously intertwined. Thus, in addition to the direct role of the analyst's forecast in providing information, the forecast has an indirect effect by influencing investors' beliefs regarding the manager's information endowment. If the analyst's forecast comes after the manager's possible disclosure, it is shown that analyst coverage crowds out the manager's disclosure compared to the case without coverage. If the analyst's forecast precedes the manager's disclosure, the manager may disclose his information even when the analyst issues a positively biased forecast.

Author: David Procházka
Publisher: Springer
ISBN: 331968762X
Category : Business & Economics
Languages : en
Pages : 469

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This proceedings volume analyzes the impact of globalization on international financial flow as well as harmonized financial reporting. Featuring contributions presented at the 18th Annual Conference on Finance and Accounting held at the University of Economics in Prague, this book examines the economic consequences of the globalized world in the sphere of corporate and public finance, monetary systems, banking, financial reporting and management accounting. The global perspective is accompanied by local specific cases studies, including those from emerging markets. In addition, the combination of micro- and macroeconomic approaches provide insights on the behavior of all relevant stakeholders in the process and the results of dynamic pressures surrounding global capital markets and international investments. This book will serve as a useful resource for scholars and researchers, practitioners and policy makers in the fields of finance, economics and accounting.

Author:
Publisher: Academic Conferences and publishing limited
ISBN: 1911218530
Category :
Languages : en
Pages : 393

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Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Author: Daniel Tinkelman
Publisher: Edward Elgar Publishing
ISBN: 1800888287
Category : Business & Economics
Languages : en
Pages : 449

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Book Description
Bringing together a diverse team of renowned accounting scholars, this incisive Research Handbook presents a comprehensive evaluation of current research on nonprofit accounting, noting its major accomplishments and outlining opportunities for future study.

Author: Francesco De Luca
Publisher: Emerald Group Publishing
ISBN: 1839825049
Category : Business & Economics
Languages : en
Pages : 200

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The aim of the EU Directive 2014/95/EU, requiring the mandatory disclosure of non-financial information (NFI) by large undertakings and groups, is to rebuild trust with stakeholders. This book aims to summarize the relevant literature about company information with particular reference to the voluntary vis a vis mandatory NFI.

Author:
Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 816

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