scholarly journals Competition or Manipulation? An Empirical Evidence of Determinants of the Earnings Persistence of the U.S. Banks

2017 ◽  
Author(s):  
Chi-Hsiou Daniel Hung ◽  
Yuxiang Jiang ◽  
(Frank) Hong Liu
2018 ◽  
Vol 88 ◽  
pp. 442-454 ◽  
Author(s):  
Chi-Hsiou D. Hung ◽  
Yuxiang Jiang ◽  
Frank Hong Liu ◽  
Hong Tu

Author(s):  
Tobias Basse ◽  
Meik Friedrich ◽  
Eduardo Vazquez Bea

2015 ◽  
Vol 29 (1) ◽  
Author(s):  
Dedhy Sulistiawan ◽  
Jogiyanto Hartono ◽  
Eduardus Tandelilin ◽  
Supriyadi Supriyadi

The main purpose of this study is to provide empirical evidence of the relationship betweeninvestors’ responses to two events, which are, (1) earnings anouncements, and (2) technicalanalysis signals, as competing information. This study is motivated by Francis, et al. (2002),whose study used stock analyst’s recommendations as competing information in the U.S stockmarket. To extend that idea, this study uses technical analysis signals as competing informationin the Indonesian stock market. Using Indonesian data from 2007-2012, this study shows thatthere are price reactions on the day of a technical analysis signal’s release, which is prior toearnings announcements. It means that investors react to the emergence of competinginformation. Reactions on earnings announcements also produce a negative relationship withthe reaction to a technical analysis signal before an earnings announcement. This study givesevidence about the importance of technical analysis as competing information to earningsannouncements.Keywords: competing information, earnings announcements, technical analysis, price reaction


10.3386/w4111 ◽  
1992 ◽  
Author(s):  
Val Eugene Lambson ◽  
J. David Richardson
Keyword(s):  

2019 ◽  
Vol 48 (3) ◽  
pp. 467-491 ◽  
Author(s):  
Peter Schubert ◽  
Silke Boenigk

The nonprofit starvation cycle describes a phenomenon in which nonprofit organizations continuously underinvest in their organizational infrastructure in response to external expectations for low overhead expenditure. In this study, we draw on nonprofit financial data from 2006 to 2015 to investigate whether the German nonprofit sector is affected by this phenomenon, specifically in the form of falling overhead ratios over time. We find reported overhead ratios to have significantly decreased among organizations without government funding and that the decrease originates from cuts in fundraising expenses—two results that are in contrast to previous findings from the U.S. nonprofit sector. With this study, we contribute to nonprofit literature by engaging in a discussion around the starvation cycle’s generalizability across contexts.


2020 ◽  
Vol 54 (5) ◽  
pp. 2961-2974 ◽  
Author(s):  
Ilya Gelfand ◽  
Stephen K. Hamilton ◽  
Alexandra N. Kravchenko ◽  
Randall D. Jackson ◽  
Kurt D. Thelen ◽  
...  

Author(s):  
Simon Yang

This study reexaminesthe role of earnings persistence as to understand the incremental value relevance of earnings levels and earnings changes in explaining stock returns in the stock market of U.S. The results show that earnings levels and earnings changes together provide the higher value relevant information than each earnings variable alone in explaining stock returns. An increase in earnings persistence, approximated by different time-serial and firm-specific measures, puts more (less) value relevant weight on earning changes (levels). However, the complementary value relevance between earnings levels and earnings changes is somehow weak, implying that a possibly deteriorating valuation role for earnings levels and earnings changes may occur in the recent years for the U.S. stock market.


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