... on the question why initial public offering (IPO) firms underperform the market within a 3–5 years period after the offerings. Findings Using ICC, the author finds that the market expects to earn higher risk premium for new listing firms than similar firms, which is contradictory to the documented new issue...

... possess information content when the announcement causes a deviation from a previously observed dividend pattern. We also find that returns are significantly greater for firms that also announced a recent reduction in earnings compared to firms announcing increased earnings. This result is consistent...

...Claude Francoeur; Walid Ben Amar; Philémon Rakoto Purpose The purpose of this paper is to investigate the link between ownership structure, earnings management (EM) preceding mergers and acquisitions (M&A) and the acquiring firm's subsequent long‐term market performance. Design/methodology...

..., the authors examine the trading behavior of foreign and domestic investors during the post‐announcement periods of scheduled earnings and unscheduled non‐earnings announcements. Findings The results show that the post‐announcement drift exists for both types of news, but only if the news is negative...

...Abdullah Iqbal; Norman Strong Purpose This paper aims to investigate the relation between corporate governance and earnings management around UK rights issues. Design/methodology/approach The paper examines the effect of board structure, ownership structure, adviser structure, and capital...

...Walid Ben‐Amar; Franck Missonier‐Piera Purpose Accounting research has emphasized target and bidder managers' incentives to manipulate earnings during corporate control contests. However, prior studies examining earnings management by takeover targets have obtained mixed results. Moreover...

...Carina Sponholtz Purpose The purpose of this paper is to examine the reaction to earnings announcements in a small stock market. Design/methodology/approach The paper uses the traditional event study method to examine the information content of annual earnings announcements in the small Danish...

...Faten Lakhal Purpose The purpose of this paper is to examine whether non‐mandated earnings disclosures include value‐relevant information and affect information asymmetry and stock market liquidity. Design/methodology/approach The event study methodology explores the informational content...

...Ron Bird; Lorenzo Casavecchia Purpose The purpose of this research is to study the extent to which various price and earnings momentum measures can be used to enhance portfolio performance by better timing entry into value stocks (and isolating those growth stocks that still have some period...

...Flora F. Niu Purpose The paper seeks to examine the association between corporate governance mechanisms and the quality of accounting earnings. Design/methodology/approach Quality of earnings is measured in two ways: the accounting‐based measure of earnings management and the market‐based...

...Douglas E. Coté; Rong Qi Purpose This study empirically examines whether there is an anomalous factor return to a stock's Honest EPS. Design/methodology/approach Honest EPS captures any large discrepancy between a company's primary earnings per share and the company's Pro‐forma earnings per...

...Pamela S. Stuerke Purpose To examine whether both the value relevance of accounting information, and the quality of earnings affect financial analysts' revisions of forecast annual earnings per share soon after an earnings release. Design/methodology/approach For firms whose accounting...