Journal of Accounting Research Vol. 19 No. 2 Autumn 1981 Printed in U.S.A. Price and Trading Volume Reaction Surrounding Earnings Announcements: A Closer Examination DALE MORSE* I. Introduction The process of information dissemination and interpretation in securities markets is very complex and mostly unobservable. While changes in prices and the amount of trading that takes place at the market level provide evidence of information processing‚ Verrecchia [1981] demonstrated that these
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Causes and Effects of Water Pollution Public Service Announcement for Pollution What are the causes of water pollution? This question has no simple answer. Water pollution can be defined as anything humans do to cause harmful effects to our bodies of water. This can include pollution of rivers‚ lakes‚ oceans‚ and ground water pollution. The causes of pollution in the water are virtually endless. Manufacturing plants are major causes of water pollution‚ using bodies of fresh water to carry away
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constructions with non-finite forms of the verb (infinitive‚ participle‚ gerund) (c) attributive noun groups; (e) special word order; (f) absence of strictness in observing “sequence of tenses”. B. Advertisements and Announcements There are two basic types of advertisements and announcements in modern English newspapers: classified and non-classified (separate). In classified ones various kinds of information are arranged according to subject-matters into sections‚ each bringing an appropriate name
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Accounting Research Vol. 49 No. 3 June 2011 Printed in U.S.A. Earnings Quality Based on Corporate Investment Decisions FENG LI∗ Received 25 July 2007; accepted 20 September 2010 ABSTRACT In this paper‚ I examine a new approach for measuring earnings quality‚ defined as the closeness of reported earnings to “permanent earnings‚” based on firm decisions with regard to capital and labor investments. Specifically‚ I measure earnings quality as the contemporaneous association between changes in
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CHAPTER 11 Earnings Management 11.1 Overview 11.2 Patterns of Earnings Management 11.3 Evidence of Earnings Management for Bonus Purposes 11.4 Other Motivations for Earnings Management 11.4.1 Other Contracting Motivations 11.4.2 To Meet Investors’ Earnings Expectations and Maintain Reputation 11.4.3 Initial Public Offerings 11.5 The Good Side of Earnings Management 11.5.1 Blocked Communication 11.5.2 Theory and Empirical Evidence of Good Earnings Management
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Is earnings management good or bad? Who (or which part of corporate governance mechanisms) is responsible to constrain earnings management? To what extent can the auditor constrain earnings management? Propose some methods for the auditors to detect and constrain earnings management. Does market react to firm’s earnings management behavior? In order to discuss earnings management and what its affects are on business and whether or not it’s a good thing‚ one must first understand what earnings management
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European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4‚ No.1‚ 2012 www.iiste.org Earning Management and Dividend Policy: Empirical evidence from Pakistani listed companies Jahanzaib Haider (Corresponding author) Bahaudin Zakariya University‚ Multan Sub-Campus‚ Dera Ghazi Khan‚ Pakistan. Tel: 92-331-3312626‚ E-mail: haider_jahanzeb@yahoo.com Akbar Ali Bahaudin Zakariya University‚ Multan‚ Sub-Campus‚ Dera Ghazi Khan‚ Pakistan. Tel: 92-331-7304678‚ E-mail:
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Accounting has a long history of being an ethical profession. In recent years‚ however‚ some companies have asked their accountants to help "manage earnings." What does it mean to manage earnings? Who is more likely to be involved in such a situation‚ the financial accountant or the management accountant? Why? Do you believe that managing earnings is ethical? Discuss the rationale for your answer. The major role of financial reporting is to effectively communicate financial information
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Announcement Ladies and Gentleman I Warmly welcome the chief guest _________________ accompanied by the primary percussion band. In keeping with tradition let us begin today’s programme by lighting up the traditional oil lamp‚ So‚ I respectfully invite the following distinguished personal to carry out this ritual‚ The chief guest __________________ ‚ Wife __________________ ‚ The Managing Director of Al Imran International school‚ Mr. Inticab Khan‚ The Finance Directress
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Banking Industry of UAE Practice Earnings Management Dr. Mohammed Obeidat Introduction It is the right of external users of accounting information to be provided with more adequate information to protect their interests. Many questionable issues concerning the term of earnings management are still available. Auditors‚ accountants‚ financial analysts‚ and other concerned parties may hold the responsibility of detecting external users from the practices of earnings management. Many questionable
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