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The Market Pricing of Earnings Quality
16 references·16 citing·28 second hopsampled
The Market Pricing of Earnings Quality (2003)The Market Pricing of Earnings QualityDetecting Earnings Management (2012)Detecting Earnings ManagementThe Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)The Quality of Accruals and E…Audit committee, board of director characteristics, and earnings management (2002)Audit committee, board of dir…Capital markets research in accounting (2001)Capital markets research in a…The Effect of Audit Quality on Earnings Management* (1998)The Effect of Audit Quality o…Earnings Management and the Long‐Run Market Performance of Initial Public Offerings (1998)Earnings Management and the L…Industry costs of equity (1997)Industry costs of equityEarnings management to avoid earnings decreases and losses (1997)Earnings management to avoid …Disclosure level and the cost of equity capital. (1997)Disclosure level and the cost…Multifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings? (1996)Do Stock Prices Fully Reflect…Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Causes and Consequences of Ea…Detecting Earnings Management. (1995)Detecting Earnings Management.Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The role of the audit committee in improving earnings quality: The case of industrial companies in GCC (2020)The role of the audit committ…Is skin in the game a game changer? Evidence from mandatory changes of D&O insurance policies (2019)Is skin in the game a game ch…Transparency, Tax Pressure, and Access to Finance (2015)Transparency, Tax Pressure, a…The impact of CEO duality attributes on earnings management in the East (2015)The impact of CEO duality att…Financial Reporting Quality - Before and After IFRS Adoption Using NiCE Qualitative Characteristics Measurement (2015)Financial Reporting Quality -…Do Temporary Increases in Information Asymmetry Affect the Cost of Equity? (2014)Do Temporary Increases in Inf…The Audit Committee Characteristics and Earnings Quality: Evidence from Jordan (2013)The Audit Committee Character…Fair Value Accounting and Managers' Hedging Decisions (2012)Fair Value Accounting and Man…Conditional conservatism and cost of capital (2010)Conditional conservatism and …ANALISIS FAKTOR-FAKTOR PENENTU PERSISTENSI LABA (2010)ANALISIS FAKTOR-FAKTOR PENENT…KUALITAS PELAPORAN KEUANGAN: BERBAGAI FAKTOR PENENTU DAN KONSEKUENSI EKONOMIS (2009)KUALITAS PELAPORAN KEUANGAN: …Gerenciamento de resultados e a relação com o custo da dívida das empresas brasileiras abertas (2009)Gerenciamento de resultados e…Earnings Predictability, Bond Ratings, and Bond Yields (2005)Earnings Predictability, Bond…Nonaudit Fees, Auditor Independence, and Bond Ratings (2004)Nonaudit Fees, Auditor Indepe…Earnings Quality and the Pricing Effects of Earnings Patterns (2003)Earnings Quality and the Pric…Costs of Capital and Earnings Attributes (2003)Costs of Capital and Earnings…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)The economic implications of corporate financial reporting (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Opaque financial reports, R2, and crash risk☆ (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)A review of archival auditing research (2014)The Behavior of Stock-Market Prices (1965)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)On Persistence in Mutual Fund Performance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)Accounting earnings and cash flows as measures of firm performance (1994)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Errors in Estimating Accruals: Implications for Empirical Research (2002)How does financial reporting quality relate to investment efficiency? (2009)Earnings management and investor protection: an international comparison (2003)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 1995Detecting Earnings Management.6,532 cited
  • 1997Industry costs of equity5,793 cited
  • 2002The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors5,163 cited
  • 2002Audit committee, board of director characteristics, and earnings management4,633 cited
  • 1996Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC*4,076 cited
  • 1997Earnings management to avoid earnings decreases and losses3,839 cited
  • 2012Detecting Earnings Management3,821 cited
  • 1997Disclosure level and the cost of equity capital.3,577 cited
  • 1998The Effect of Audit Quality on Earnings Management*3,243 cited
  • 1996Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?2,636 cited
  • 2001Capital markets research in accounting2,575 cited

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1998
Earnings Management and the Long‐Run Market Performance of Initial Public Offerings
2,300 cited

Cited by

  • 2004Nonaudit Fees, Auditor Independence, and Bond Ratings99 cited
  • 2010ANALISIS FAKTOR-FAKTOR PENENTU PERSISTENSI LABA81 cited
  • 2015Financial Reporting Quality - Before and After IFRS Adoption Using NiCE Qualitative Characteristics Measurement81 cited
  • 2003Costs of Capital and Earnings Attributes74 cited
  • 2013The Audit Committee Characteristics and Earnings Quality: Evidence from Jordan70 cited
  • 2015Transparency, Tax Pressure, and Access to Finance62 cited
  • 2003Earnings Quality and the Pricing Effects of Earnings Patterns61 cited
  • 2012Fair Value Accounting and Managers' Hedging Decisions56 cited
  • 2009Gerenciamento de resultados e a relação com o custo da dívida das empresas brasileiras abertas56 cited
  • 2005Earnings Predictability, Bond Ratings, and Bond Yields54 cited
  • 2015The impact of CEO duality attributes on earnings management in the East42 cited
  • 2009KUALITAS PELAPORAN KEUANGAN: BERBAGAI FAKTOR PENENTU DAN KONSEKUENSI EKONOMIS39 cited
  • 2014Do Temporary Increases in Information Asymmetry Affect the Cost of Equity?37 cited
  • 2010Conditional conservatism and cost of capital35 cited
  • 2020The role of the audit committee in improving earnings quality: The case of industrial companies in GCC34 cited
  • 2019Is skin in the game a game changer? Evidence from mandatory changes of D&O insurance policies34 cited