Accrual quality, investor reaction to earnings, and the confirmatory role of sales news
C D'Augusta - 2023 - torrossa.com
Purpose: agency theory predicts that information asymmetry provides agents with an
incentive to manipulate performance signals to maximize their utility, which gives principals …
incentive to manipulate performance signals to maximize their utility, which gives principals …
Liquidity Risk, Accounting Quality and Rewards for Beating Expectations During Periods of High Macroeconomic Uncertainty
This paper examines the effects of liquidity risk and accounting quality on the stock market
pricing of beating analyst earnings forecasts during periods of high macroeconomic (macro) …
pricing of beating analyst earnings forecasts during periods of high macroeconomic (macro) …