WebApr 10, 2024 · Table 1 reports the descriptive statistics for earnings announcement premium, realized volatility, and expected volatility for the whole sample period. Panel A summarizes statistics for the 20-day window, and Panel B, for the 10-day window. As can be seen in Panel A, the average premiums for the pre-, over-, and post-announcement … WebEarnings Quality Measures and Excess Returns. Pietro Perotti, Alfred Wagenhofer; Business. Journal of business finance & accounting. 2014; TLDR. For a large sample of US non-financial firms over the period 1988–2007, it is shown that all measures except for smoothness are negatively associated with absolute excess returns, suggesting that ...
Prof. Dr. Dr.h.c Alfred Wagenhofer - Doctoral Program in …
WebJul 1, 2006 · We examine the properties of a returns‐based representation of earnings quality, estimated from firm‐specific asset‐pricing regressions augmented by an … http://aksioma.unram.ac.id/index.php/aksioma/article/view/90 earlee products brisbane
Income Classification Shifting and Mispricing of Core Earnings
WebEarnings Quality Measures and Excess Returns. PubMed. Perotti, Pietro; Wagenhofer, Alfred. 2014-06-01. This paper examines how commonly used earnings quality measures fulfill a key objective of financial reporting, i.e., improving decision usefulness for investors. We propose a stock-price-based measure for assessing the quality of earnings ... WebConceptually, earnings quality refers to the accuracy of the income statement reported by a company in predicting future financial performance. The term earnings quality can be … WebApr 9, 2024 · A third key valuation measure is corporate earnings relative to trend. Currently, the S&P 500 is over-earning our estimate of its normalized earnings by about 8%. earleen console table