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THE EFFECT OF ANALYSTS' FORECASTS ON EARNINGS MANAGEMENT IN FINANCIAL INSTITUTIONS
6 references·7 citing·48 second hop
THE EFFECT OF ANALYSTS' FORECASTS ON EARNINGS MANAGEMENT IN FINANCIAL INSTITUTIONS (1998)THE EFFECT OF ANALYSTS' FORECASTS ON EARN…The International Debt Crisis and Bank Loan-Loss-Reserve Decisions: The Signaling Content of Partially Anticipated Events (1990)The International Debt Crisis…Evidence of Earnings Management from the Provision for Bad Debts (1988)Evidence of Earnings Manageme…Divergence of Opinion in Complete Markets: A Note (1985)Divergence of Opinion in Comp…On Divergence of Opinion and Imperfections in Capital Markets (1983)On Divergence of Opinion and …Heterogeneous Expectations, Restrictions on Short Sales, and Equilibrium Asset Prices (1980)Heterogeneous Expectations, R…RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)RISK, UNCERTAINTY, AND DIVERG…Bank Performance with CAMELS Ratios towards earnings management practices In State Banks and Private Banks (2015)Bank Performance with CAMELS …The Risk of Earnings Quality Impairment (2014)The Risk of Earnings Quality …Earnings management, forecast guidance and the banking crisis (2013)Earnings management, forecast…Bank Earnings Forecasts, Risk and the Crisis (2011)Bank Earnings Forecasts, Risk…Accounting for credit risk: are the rules setting the right incentives? (2008)Accounting for credit risk: a…On the Market Discipline of Informationally-Opaque Firms: Evidence from Bank Borrowers in the Federal Funds Market (2006)On the Market Discipline of I…Disaggregated earnings and the prediction of ROE and stock prices: a case of the banking industry (2006)Disaggregated earnings and th…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Noise Trader Risk in Financial Markets (1990)Differences of Opinion and the Cross Section of Stock Returns (2002)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Financing Constraints and Corporate Investment (1988)Local Bank Financial Constraints and Firm Access to External Finance (2008)The effect of banking crisis on bank-dependent borrowers (2010)Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis (2011)Prices of State-Contingent Claims Implicit in Option Prices (1978)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Theory of Financial Decision Making. (1988)Differences of Opinion Make a Horse Race (1993)A Model of Competitive Stock Trading Volume (1994)Corporate performance and managerial remuneration (1985)Positive Accounting Theory (1985)An Analysis of the use of Accounting and Market Measures of Performance in Executive Compensation Contracts (1987)Research design issues in earnings management studies (2000)Accruals and the Prediction of Future Cash Flows (2001)Capital markets research in accounting (2001)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Herd Behavior and Investment (1988)Bank governance, regulation and risk taking (2008)Bank opacity, systemic risk and financial stability (2023)Measuring security price performance (1980)The market for corporate control (1983)Using daily stock returns (1985)The Brazilian default announcement and the contagion effect hypothesis (1991)The relationship between risk and capital in commercial banks (1992)Announcements of asset-quality problems and contagion effects in the life insurance industry (1994)Earnings Management During Import Relief Investigations (1991)Detecting Earnings Management. (1995)Earnings management and investor protection: an international comparison (2003)Mediating Effects of Liquidity in the Relationship between Earnings Quality and Market Value of the Share Price: Evidence from Jordan (2020)Does the IFRS improve earnings quality? A comparison of Turkish GAAP and IFRS (2021)Environmental information disclosure, earnings quality and the Readability and Emotional Tendencies of Management Discussion and Analysis (2023)Risk, Return, and Equilibrium: Empirical Tests (1973)The Pricing of Options and Corporate Liabilities (1973)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)The Cross‐Section of Volatility and Expected Returns (2006)Theory of Rational Option Pricing (1973)Constraints on short-selling and asset price adjustment to private information (1987)Theory of rational option pricing (2005)… and the Cross-Section of Expected Returns (2015)The effect of bonus schemes on accounting decisions (1985)The Relation of Company Risk, Liquidity, Leverage, Capital Adequacy and Earning Management: Evidence from Indonesia Banking Companies (2021)
this work references cited by second hop

References

  • 1977RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION3,714 cited
  • 1988Evidence of Earnings Management from the Provision for Bad Debts920 cited
  • 1985Divergence of Opinion in Complete Markets: A Note355 cited
  • 1980Heterogeneous Expectations, Restrictions on Short Sales, and Equilibrium Asset Prices324 cited
  • 1983On Divergence of Opinion and Imperfections in Capital Markets177 cited
  • 1990The International Debt Crisis and Bank Loan-Loss-Reserve Decisions: The Signaling Content of Partially Anticipated Events74 cited

Cited by

  • 2006On the Market Discipline of Informationally-Opaque Firms: Evidence from Bank Borrowers in the Federal Funds Market37 cited
  • 2014The Risk of Earnings Quality Impairment32 cited
  • 2011Bank Earnings Forecasts, Risk and the Crisis22 cited
  • 2015Bank Performance with CAMELS Ratios towards earnings management practices In State Banks and Private Banks15 cited
  • 2008Accounting for credit risk: are the rules setting the right incentives?15 cited
  • 2013Earnings management, forecast guidance and the banking crisis14 cited
  • 2006Disaggregated earnings and the prediction of ROE and stock prices: a case of the banking industry13 cited

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