메뉴 건너뛰기




Volumn 15, Issue 1, 2010, Pages 32-69

Do analysts and investors fully understand the persistence of the items excluded from Street earnings?

Author keywords

Analyst forecast; Nonrecurring items; Regulation G; Street earnings

Indexed keywords


EID: 77950461250     PISSN: 13806653     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11142-008-9079-y     Document Type: Article
Times cited : (40)

References (32)
  • 1
    • 0001658321 scopus 로고    scopus 로고
    • Do stock prices of property casualty insurers fully reflect information about earnings, accruals, cash flows, and development?
    • Beaver, W., & McNichols, M. (2001). Do stock prices of property casualty insurers fully reflect information about earnings, accruals, cash flows, and development? Review of Accounting Studies, 6, 197-220.
    • (2001) Review of Accounting Studies , vol.6 , pp. 197-220
    • Beaver, W.1    McNichols, M.2
  • 2
    • 0742304038 scopus 로고    scopus 로고
    • Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings
    • Bhattacharya, N., Black, E., Christensen, T., & Larson, C. (2003). Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings. Journal of Accounting and Economics, 36, 285-319.
    • (2003) Journal of Accounting and Economics , vol.36 , pp. 285-319
    • Bhattacharya, N.1    Black, E.2    Christensen, T.3    Larson, C.4
  • 4
    • 0036004046 scopus 로고    scopus 로고
    • GAAP versus The Street: An empirical assessment of two alternative definitions of earnings
    • Bradshaw, M., & Sloan, R. (2002). GAAP versus The Street: An empirical assessment of two alternative definitions of earnings. Journal of Accounting Research, 40(1), 41-66.
    • (2002) Journal of Accounting Research , vol.40 , Issue.1 , pp. 41-66
    • Bradshaw, M.1    Sloan, R.2
  • 5
    • 3843152741 scopus 로고    scopus 로고
    • Comparing the value relevance of two operating income measures
    • Brown, L., & Sivakumar, K. (2003). Comparing the value relevance of two operating income measures. Review of Accounting Studies, 8, 561-572.
    • (2003) Review of Accounting Studies , vol.8 , pp. 561-572
    • Brown, L.1    Sivakumar, K.2
  • 6
    • 0036017580 scopus 로고    scopus 로고
    • Do stock prices fully reflect the implications of special items for future earnings?
    • Burgstahler, D., Jiambalvo, J., & Shevlin, T. (2002). Do stock prices fully reflect the implications of special items for future earnings? Journal of Accounting Research, 40(3), 585-612.
    • (2002) Journal of Accounting Research , vol.40 , Issue.3 , pp. 585-612
    • Burgstahler, D.1    Jiambalvo, J.2    Shevlin, T.3
  • 7
    • 0033163892 scopus 로고    scopus 로고
    • The effect of reporting restructuring charges on analysts' forecast revisions and errors
    • Chaney, P., Hogan, C., & Jeter, D. (1999). The effect of reporting restructuring charges on analysts' forecast revisions and errors. Journal of Accounting and Economics, 27, 261-284.
    • (1999) Journal of Accounting and Economics , vol.27 , pp. 261-284
    • Chaney, P.1    Hogan, C.2    Jeter, D.3
  • 8
    • 34249869545 scopus 로고    scopus 로고
    • Another look at GAAP versus The Street: An empirical assessment of measurement error bias
    • Cohen, D., Hann, R., & Ogneva, M. (2007). Another look at GAAP versus The Street: An empirical assessment of measurement error bias. Review of Accounting Studies, 12, 271-303.
    • (2007) Review of Accounting Studies , vol.12 , pp. 271-303
    • Cohen, D.1    Hann, R.2    Ogneva, M.3
  • 9
    • 0742276611 scopus 로고    scopus 로고
    • The predictive value of expenses excluded from pro forma earnings
    • Doyle J., Lundholm, R., & Soliman, M. (2003). The predictive value of expenses excluded from pro forma earnings. Review of Accounting Studies, 8, 145-174.
    • (2003) Review of Accounting Studies , vol.8 , pp. 145-174
    • Doyle, J.1    Lundholm, R.2    Soliman, M.3
  • 11
    • 77950457691 scopus 로고    scopus 로고
    • Motorola's profit: "Special" again?
    • October 15
    • Drucker, J. (2002, October 15). Motorola's profit: "Special" again? The Wall Street Journal, C1.
    • (2002) The Wall Street Journal
    • Drucker, J.1
  • 12
    • 33644675090 scopus 로고    scopus 로고
    • Are investors influenced by pro forma emphasis and reconciliations in earnings announcements?
    • Elliott, W. (2006). Are investors influenced by pro forma emphasis and reconciliations in earnings announcements? The Accounting Review, 81(1), 113-133.
    • (2006) The Accounting Review , vol.81 , Issue.1 , pp. 113-133
    • Elliott, W.1
  • 13
    • 33751585640 scopus 로고    scopus 로고
    • Financial reporting regulation and the reporting of pro forma earnings
    • Entwistle, G., Feltham, G., & Mbagwu, C. (2006). Financial reporting regulation and the reporting of pro forma earnings. Accounting Horizons, 20(1), 39-55.
    • (2006) Accounting Horizons , vol.20 , Issue.1 , pp. 39-55
    • Entwistle, G.1    Feltham, G.2    Mbagwu, C.3
  • 14
    • 0037289089 scopus 로고    scopus 로고
    • Accrued earnings and growth: Implications for future profitability and market mispricing
    • Fairfield, P., Whisenant, J., & Yohn, T. (2003). Accrued earnings and growth: Implications for future profitability and market mispricing. The Accounting Review, 78(1), 353-371.
    • (2003) The Accounting Review , vol.78 , Issue.1 , pp. 353-371
    • Fairfield, P.1    Whisenant, J.2    Yohn, T.3
  • 17
    • 3943111561 scopus 로고    scopus 로고
    • The effects of pro forma earnings disclosures on analysts' and nonprofessional investors' equity valuation judgments
    • Frederickson, J., & Miller, J. (2004). The effects of pro forma earnings disclosures on analysts' and nonprofessional investors' equity valuation judgments. The Accounting Review, 79(3), 667-686.
    • (2004) The Accounting Review , vol.79 , Issue.3 , pp. 667-686
    • Frederickson, J.1    Miller, J.2
  • 18
    • 12344283925 scopus 로고    scopus 로고
    • Analysts' treatment of nonrecurring items in Street earnings
    • Gu, Z., & Chen, T. (2004). Analysts' treatment of nonrecurring items in Street earnings. Journal of Accounting and Economics, 38, 129-170.
    • (2004) Journal of Accounting and Economics , vol.38 , pp. 129-170
    • Gu, Z.1    Chen, T.2
  • 20
    • 0013468441 scopus 로고    scopus 로고
    • Analyzing the analysts: Career concerns and biased earnings forecasts
    • Hong, H., & Kubik, J. (2003). Analyzing the analysts: Career concerns and biased earnings forecasts. Journal of Finance, 58(1), 313-351.
    • (2003) Journal of Finance , vol.58 , Issue.1 , pp. 313-351
    • Hong, H.1    Kubik, J.2
  • 21
    • 29844438315 scopus 로고    scopus 로고
    • Are investors misled by "pro forma" earnings?
    • Johnson, W., & Schwartz, W. (2005). Are investors misled by "pro forma" earnings? Contemporary Accounting Research, 22(4), 915-964.
    • (2005) Contemporary Accounting Research , vol.22 , Issue.4 , pp. 915-964
    • Johnson, W.1    Schwartz, W.2
  • 22
    • 39749188830 scopus 로고    scopus 로고
    • SEC scrutiny and the evolution of non-GAAP reporting
    • Kolev, K., Marquardt, C., & McVay, S. (2008). SEC scrutiny and the evolution of non-GAAP reporting. The Accounting Review, 83(1), 157-184.
    • (2008) The Accounting Review , vol.83 , Issue.1 , pp. 157-184
    • Kolev, K.1    Marquardt, C.2    McVay, S.3
  • 23
    • 35248822219 scopus 로고    scopus 로고
    • Regression-based tests of the market pricing of accounting numbers: The Mishkin test and ordinary least squares
    • Kraft, A., Leone, A., & Wasley, C. (2007). Regression-based tests of the market pricing of accounting numbers: The Mishkin test and ordinary least squares. Journal of Accounting Research, 45(5), 1081-1114.
    • (2007) Journal of Accounting Research , vol.45 , Issue.5 , pp. 1081-1114
    • Kraft, A.1    Leone, A.2    Wasley, C.3
  • 24
    • 3943101329 scopus 로고    scopus 로고
    • Earnings informativeness and strategic disclosure: An empirical examination of "pro forma" earnings
    • Lougee, B., & Marquardt, C. (2004). Earnings informativeness and strategic disclosure: An empirical examination of "pro forma" earnings. The Accounting Review, 79(3), 769-795.
    • (2004) The Accounting Review , vol.79 , Issue.3 , pp. 769-795
    • Lougee, B.1    Marquardt, C.2
  • 25
    • 33751168456 scopus 로고    scopus 로고
    • SEC interventions and the frequency and usefulness of non-GAAP financial measures
    • Marques, A. (2006). SEC interventions and the frequency and usefulness of non-GAAP financial measures. Review of Accounting Studies, 11, 549-574.
    • (2006) Review of Accounting Studies , vol.11 , pp. 549-574
    • Marques, A.1
  • 26
    • 33745289444 scopus 로고    scopus 로고
    • Earnings management using classification shifting: An examination of core earnings and special items
    • McVay, S. (2006). Earnings management using classification shifting: An examination of core earnings and special items. The Accounting Review, 81(3), 501-531.
    • (2006) The Accounting Review , vol.81 , Issue.3 , pp. 501-531
    • McVay, S.1
  • 27
    • 0043158770 scopus 로고    scopus 로고
    • Do security analysts improve their performance with experience?
    • Mikhail, M., Walther, B., & Willis, R. (1997). Do security analysts improve their performance with experience? Journal of Accounting Research, 37(3), 131-157.
    • (1997) Journal of Accounting Research , vol.37 , Issue.3 , pp. 131-157
    • Mikhail, M.1    Walther, B.2    Willis, R.3
  • 32
    • 0030305172 scopus 로고    scopus 로고
    • Do stock prices fully reflect information in accruals and cash flows about future earnings?
    • Sloan, R. (1996). Do stock prices fully reflect information in accruals and cash flows about future earnings? The Accounting Review, 71(3), 289-315.
    • (1996) The Accounting Review , vol.71 , Issue.3 , pp. 289-315
    • Sloan, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.