Dissecting Stock Price Momentum Using Financial Statement Analysis

ABSTRACT “Tempest in a K-Cup” chronicles financial reporting challenges faced by Green Mountain Coffee Roasters, Inc. during a period of rapid growth following its acquisition of Keurig. The case focuses on events during 2011–2012, a period in which Green Mountain experienced significant stock price volatility, was challenged by the Securities and Exchange Commission (SEC) about its business relationships and financial disclosures, and was subject to highly publicized scrutiny by a well-known hedge-fund manager, David Einhorn, of Greenlight Capital. Students completing the case will apply accounting guidance and perform financial statement analysis to gain an appreciation for the scrutiny that companies receive from regulators, investors, and journalists. The case and its requirements are designed to be used in intermediate accounting, financial statement analysis, forensic accounting, and accounting capstone courses.

Download Full-text

Transparency and Other Issues in Financial Statement Analysis: Uncovering Misleading Metrics and Avoiding Financial Shenanigans

CFA Institute Conference Proceedings Quarterly ◽

10.2469/cp.v26.n2.9 ◽

2009 ◽

Vol 26 (2) ◽

pp. 1-9

Author(s):

Jeremy Perler

Keyword(s):

Financial Statement ◽

Financial Statement Analysis

Download Full-text

Pengaruh Reputasi Underwriter, Umur Perusahaan, dan Persentase Penawaran Saham 53 kepada Publik terhadap Underpricing

Jurnal ULTIMA Accounting ◽

10.31937/akuntansi.v8i1.577 ◽

2016 ◽

Vol 8 (1) ◽

pp. 53-74

Author(s):

Maria Jeanne ◽

Chermian Eforis

Keyword(s):

Initial Public Offering ◽

Stock Price ◽

Stock Exchange ◽

Secondary Data ◽

Secondary Market ◽

Financial Statement ◽

Data Set ◽

Multiple Regression Method ◽

Underwriter Reputation ◽

Public Offering

The objective of this research is to obtain empirical evidence about the effect of underwriter reputation, company age, and the percentage of share’s offering to public toward underpricing. Underpricing is a phenomenon in which the current stock price initial public offering (IPO) was lower than the closing price of shares in the secondary market during the first day. Sample in this research was selected by using purposive sampling method and the secondary data used in this research was analyzed by using multiple regression method. The samples in this research were 72 companies conducting initial public offering (IPO) at the Indonesian Stock Exchange in the period January 2010 - December 2014; perform initial offering of shares; suffered underpricing; has a complete data set forth in the company's prospectus, IDX monthly statistics, financial statement and stock price site (e-bursa); and use Rupiah currency. Results of this research were (1) underwriter reputation significantly effect on underpricing; (2) company age do not effect on underpricing; and (3) the percentage of share’s offering to public do not effect on undepricing. Keywords: company age, the percentage of share’s offering to public, underpricing, underwriter reputation.

Download Full-text

PENGARUH MANAJEMEN LABA TERHADAP ABNORMAL RETURN

Jurnal Kajian Akuntansi dan Auditing ◽

10.37301/jkaa.v0i0.4842 ◽

2009 ◽

Author(s):

Zirman Zirman ◽

Lily Lily

Keyword(s):

Earnings Management ◽

Cash Flow ◽

Significant Influence ◽

Stock Price ◽

Abnormal Return ◽

Real Earnings Management ◽

Financial Statement ◽

Discretionary Accrual ◽

Stock Price Reaction ◽

Flow Components

This research investigates the consequence of earnings management by analyzing stock price reaction to the full set financial statement in 2008 which can be used by investors to detect earnings management by the firms. This research investigated two forms of earnings management (accrual and real earnings management). The samples is drawn from firms in IDX Statistic 2008 which categorized as active in frequency, value or volume. The method of analysis of this research used multi regression. The results show (1) discretionary accrual had negative significant influence to abnormal return, (2) abnormal cash flow from operation had negative significant influence to abnormal return. The results implicate that the investors are aware of the accrual earnings management (discretionary accrual) and real earnings management (abnormal cash flow) components in the earnings reported by the firms and they react negative to this components.

Download Full-text