عنوان

Earnings quality /

(Number (ISBN

1601981147

(Number (ISBN

1601981155

(Number (ISBN

9781601981141

(Number (ISBN

9781601981158

Number

b745306

Title Proper

Earnings quality /

General Material Designation

[Book]

First Statement of Responsibility

Jennifer Francis, Per Olsson, Katherine Schipper.

Place of Publication, Distribution, etc.

Hanover, MA :

Name of Publisher, Distributor, etc.

Now Publishers,

Date of Publication, Distribution, etc.

©2008.

Specific Material Designation and Extent of Item

ix, 85 pages :

Other Physical Details

illustrations ;

Dimensions

24 cm

Series Title

Foundations and trends in accounting ;

Volume Designation

v. 1, issue 4, p. 259-340

Text of Note

"Originally published as Foundations and Trends in Accounting, Volume 1, Issue 4 (2006)."

Text of Note

Includes bibliographical references (pages 75-85).

Text of Note

Ch 1. Introduction -- Ch 2. Component of information quality in capital markets -- Ch 3. Determinants of earnings quality -- Ch 4. measures of earnings quality -- Ch 5. Earnings quality and market outcomes -- Ch 6. Concluding remarks.

0

Text of Note

This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.

Source for Acquisition/Subscription Address

01251032

Title

Earnings quality.

International Standard Book Number

9781601981141

Parallel Title

Foundations and trends in accounting

Accounting.

Capital market-- Econometric models.

Capital market.

Corporate profits-- Accounting-- Econometric models.

Corporate profits-- Accounting.

Corporations-- Accounting.

Financial statements.

Income accounting-- Mathematical models.

Income accounting.

Accounting.

BUSINESS & ECONOMICS-- Accounting-- Financial.

Capital market-- Econometric models.

Capital market.

Corporate profits-- Accounting.

Corporations-- Accounting.

Financial statements.

Income accounting-- Mathematical models.

Income accounting.

BUS-- 001010

Number

Edition

Class number

Book number

Francis, Jennifer.

Olsson, Pers Hans.

Schipper, Katherine.

Date of Transaction

20201204053933.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y