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Non-GAAP adjustments to net income appearing in the earnings releases of the S&P 100: An analysis of frequency of occurrence, materiality and rationale
16 references·0 citing·41 second hop
Non-GAAP adjustments to net income appearing in the earnings releases of the S&P 100: An analysis of frequency of occurrence, materiality and rationale (2013)Non-GAAP adjustments to net income appear…The Joint Effects of Corporate Governance and Regulation on the Disclosure of Manager‐Adjusted Non‐GAAP Earnings in the US (2011)The Joint Effects of Corporat…Non-GAAP earnings and board independence (2011)Non-GAAP earnings and board i…Investor Sentiment and Pro Forma Earnings Disclosures (2011)Investor Sentiment and Pro Fo…The valuation impact of reconciling pro forma earnings to GAAP earnings (2010)The valuation impact of recon…Disclosure strategies among S&P 500 firms: Evidence on the disclosure of non-GAAP financial measures and financial statements in earnings press releases (2010)Disclosure strategies among S…US Managers' Use of ‘Pro Forma’ Adjustments to Meet Strategic Earnings Targets (2009)US Managers' Use of ‘Pro Form…The impact of the SEC's regulation of non-GAAP disclosures (2008)The impact of the SEC's regul…SEC Scrutiny and the Evolution of Non-GAAP Reporting (2008)SEC Scrutiny and the Evolutio…Do analysts and investors fully understand the persistence of the items excluded from Street earnings? (2008)Do analysts and investors ful…Who Trades on Pro Forma Earnings Information? (2007)Who Trades on Pro Forma Earni…SEC interventions and the frequency and usefulness of non-GAAP financial measures (2006)SEC interventions and the fre…Financial Reporting Regulation and the Reporting of Pro Forma Earnings (2006)Financial Reporting Regulatio…Emphasis on Pro Forma versus GAAP Earnings in Quarterly Press Releases: Determinants, SEC Intervention, and Market Reactions (2005)Emphasis on Pro Forma versus …Assessing the Acceptability of International Accounting Standards in the US: An Empirical Study of the Materiality of US GAAP Reconciliations by Non-US Companies Complying with IASC Standards (2000)Assessing the Acceptability o…A Comparative International Analysis of the Impact of Accounting Principles on Profits: The USA versus the UK, Sweden and The Netherlands (1991)A Comparative International A…The Impact of International Accounting Differences from a Security-Analysis Perspective: Some European Evidence (1980)The Impact of International A…Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)The Role of Institutional and Economic Factors in the Strategic Use of Non-GAAP Disclosures to Beat Earnings Benchmarks (2014)The effect of voluntary clawback adoption on non-GAAP reporting (2018)Non‐GAAP Earnings: A Consistency and Comparability Crisis?* (2021)GAAP versus The Street: An Empirical Assessment of Two Alternative Definitions of Earnings (2002)Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings (2003)A Temporal Analysis of Quarterly Earnings Thresholds: Propensities and Valuation Consequences (2005)How far can we trust earnings numbers? 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(1996)The persistence of earnings and cash flows and the role of special items: Implications for the accrual anomaly (2006)Do managers define non-GAAP earnings to meet or beat analyst forecasts? (2013)Saying more with less? Disclosure conciseness, completeness and balance in Integrated Reports (2017)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Law and Finance (1998)The Disclosure of Non-GAAP Earnings Information in the Presence of Transitory Gains (2013)The role of audit committee attributes in corporate sustainability reporting (2019)What's My Line? A Comparison of Industry Classification Schemes for Capital Market Research (2003)Analysts’ GAAP earnings forecasts and their implications for accounting research (2018)Non‐GAAP Earnings Disclosure in Loss Firms (2018)Financial disclosure levels and foreign stock exchange listing decisions (1992)Cultural Relevance of Western Accounting Systems to Developing Countries (1995)Earnings Quality in U.K. Private Firms (2004)
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References

  • 2005Emphasis on Pro Forma versus GAAP Earnings in Quarterly Press Releases: Determinants, SEC Intervention, and Market Reactions399 cited
  • 2008SEC Scrutiny and the Evolution of Non-GAAP Reporting303 cited
  • 2011Investor Sentiment and Pro Forma Earnings Disclosures278 cited
  • 2007Who Trades on Pro Forma Earnings Information?261 cited
  • 2008The impact of the SEC's regulation of non-GAAP disclosures253 cited
  • 2009US Managers' Use of ‘Pro Forma’ Adjustments to Meet Strategic Earnings Targets249 cited
  • 2011Non-GAAP earnings and board independence248 cited
  • 2006SEC interventions and the frequency and usefulness of non-GAAP financial measures207 cited
  • 1980The Impact of International Accounting Differences from a Security-Analysis Perspective: Some European Evidence188 cited
  • 2010The valuation impact of reconciling pro forma earnings to GAAP earnings129 cited
  • 2000Assessing the Acceptability of International Accounting Standards in the US: An Empirical Study of the Materiality of US GAAP Reconciliations by Non-US Companies Complying with IASC Standards117 cited
  • 1991A Comparative International Analysis of the Impact of Accounting Principles on Profits: The USA versus the UK, Sweden and The Netherlands109 cited
  • 2006Financial Reporting Regulation and the Reporting of Pro Forma Earnings102 cited
  • 2011The Joint Effects of Corporate Governance and Regulation on the Disclosure of Manager‐Adjusted Non‐GAAP Earnings in the US

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89 cited
  • 2010Disclosure strategies among S&P 500 firms: Evidence on the disclosure of non-GAAP financial measures and financial statements in earnings press releases75 cited
  • 2008Do analysts and investors fully understand the persistence of the items excluded from Street earnings?56 cited
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