Short selling: A review of the literature and implications for future research
This systematic literature review critically analyzes studies on the determinants of short
selling and the implications for information distribution, real economic decisions, financial …
selling and the implications for information distribution, real economic decisions, financial …
The drivers, consequences and policy implications of non-GAAP earnings reporting
S Young - Accounting and Business Research, 2014 - Taylor & Francis
Non-generally accepted accounting principles (GAAP)(pro forma) earnings form an
increasingly important part of firms' performance reporting narrative. This paper reviews the …
increasingly important part of firms' performance reporting narrative. This paper reviews the …
Non‐GAAP reporting: Evidence from academia and current practice
DE Black, TE Christensen, JT Ciesielski… - Journal of Business …, 2018 - Wiley Online Library
The number of firms reporting earnings on a non‐GAAP basis has increased dramatically
over the last decade, and non‐GAAP reporting is now commonplace in capital markets. This …
over the last decade, and non‐GAAP reporting is now commonplace in capital markets. This …
Disentangling managers' and analysts' non‐GAAP reporting
Researchers frequently proxy for managers' non‐GAAP disclosures using performance
metrics available through analyst forecast data providers (FDPs), such as I/B/E/S. The extent …
metrics available through analyst forecast data providers (FDPs), such as I/B/E/S. The extent …
Non‐GAAP earnings disclosure in loss firms
This study examines the incremental information in loss firms' non‐GAAP earnings
disclosures relative to GAAP earnings. Using a large sample obtained through textual …
disclosures relative to GAAP earnings. Using a large sample obtained through textual …
Non-GAAP earnings and board independence
We examine the association between board independence and the characteristics of non-
GAAP earnings. Our results suggest that companies with less independent boards are more …
GAAP earnings. Our results suggest that companies with less independent boards are more …
Analysts' GAAP earnings forecasts and their implications for accounting research
We use newly available GAAP forecasts to document that traditionally-identified GAAP
forecast errors contain 37% measurement error. Correcting for this measurement error, we …
forecast errors contain 37% measurement error. Correcting for this measurement error, we …
Do sophisticated investors interpret earnings conference call tone differently than investors at large? Evidence from short sales
Recent research finds that investors, broadly defined, react to the linguistic tone of quarterly
earnings conference calls; there is a positive relation between firms' stock returns and call …
earnings conference calls; there is a positive relation between firms' stock returns and call …
Non‐GAAP earnings: A consistency and comparability crisis?
DE Black, TE Christensen, JT Ciesielski… - Contemporary …, 2021 - Wiley Online Library
We use a novel data set to examine the across‐time consistency and across‐firm
comparability of firms' non‐GAAP earnings disclosures. Given widespread concern about …
comparability of firms' non‐GAAP earnings disclosures. Given widespread concern about …
Is corporate environmental investment a strategic risk management tool? Evidence from short selling threats
This study examines whether corporate environmental investment is employed as a strategic
management tool in response to short-selling threats. Using a difference-in-differences …
management tool in response to short-selling threats. Using a difference-in-differences …