Researchers have used various measures as indications of “earnings quality” including
persistence, accruals, smoothness, timeliness, loss avoidance, investor responsiveness …

Abstract In 2002, the European Union (EU) Parliament passed a regulation that requires
consolidated and simple accounts for all companies listed in the EU to use International …

A four-factor model with two “mispricing” factors, in addition to market and size factors,
accommodates a large set of anomalies better than notable four-and five-factor alternative …

Buying is easier than shorting for many equity investors. Combining this arbitrage
asymmetry with the arbitrage risk represented by idiosyncratic volatility (IVOL) explains the …

Historically, bubbles are followed by crashes, which in turn are followed by punitive
legislation. The 1999–2003 era is fully consistent with this pattern….(Coffee, 2003a, p. 46) …

We survey recent research in accounting anomalies and fundamental analysis. We use
forecasting of future earnings and returns as our organizing framework and suggest a …

We measure managerial affective states during earnings conference calls by analyzing
conference call audio files using vocal emotion analysis software. We hypothesize and find …

The article reviews the recent academic research literature on earnings management (EM)
with a view to identifying research themes and results of interest to users and preparers of …

This study analyzes determinants and effects of differences between Domestic Accounting
Standards (DAS) and International Accounting Standards (IAS). We use an extensive list of …

We provide a model in which a single psychological constraint, limited attention, explains
both under-and overreaction to different earnings components. Investor neglect of earnings …