This study investigates how sophisticated market participants use tax‐based information by
examining whether analysts' street effective tax rates (ETRs) are informative. When …

We investigate whether non‐GAAP reporting affects the audit process and thereby the
quality of the related financial statements. First, we provide evidence that auditors in …

The use of non-GAAP or adjusted financial metrics is ubiquitous among public firms and has
become increasingly common in the financial disclosures of private firms going public …

This study examines whether the smoothing of GAAP effective tax rates (ETRs) using tax
accruals informs or obscures financial reporting quality. We develop a GAAP ETR smoothing …

We provide the first evidence after Regulation G on firms' non-GAAP EPS denominator
choices and whether they are informative or opportunistic. From 2013 to 2019, 17 percent of …

Various organizations, including the FASB, have recently considered standardizing non-
GAAP financial measures. To examine potential outcomes of such standardization efforts …

In this paper, we investigate the consequences of the FMA guidelines on the relevance of
non-GAAP earnings (NGE). These guidelines require firms NGE to conform to a certain code …

Dans cet article, nous étudions les conséquences des recommandations de l'AMF sur la
pertinence des résultats non-GAAP (RNG). Ces recommandations imposent aux entreprises …