haku: @indexterm earnings / yhteensä: 723
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Tekijä:Zhang, H.
Zheng, L.
Otsikko:The valuation impact of reconciling pro forma earnings to GAAP earnings
Lehti:Journal of Accounting & Economics
2011 : FEB, VOL. 51: 1-2, p. 186-202
Asiasana:regulations
valuation
earnings
models
Vapaa asiasana:pro forma earnings
GAAP earnings
Pre-Reg G
Post-Reg G
reconciliation quality
Kieli:eng
Tiivistelmä:This article provides three findings related to the impact of reconciliations on mispricing of pro forma earnings. 1) prior to Reg G. It is found that mispricing of pro forma earnings is limited to firms with low reconciliation quality. There is no evidence of mispricing for firms with high reconciliation quality. 2) no evidence of mispricing after Reg G. 3) there is a cross-Reg G reduction of mispricing for firms whose reconciliation quality improves, and there continues to be no mispricing for firms that have high reconciliation quality both before and after Reg G.
SCIMA tietueen numero: 274072
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