The purpose of this paper is to investigate the efficiency of corporate governance characteristics in reducing earnings management among the listed firms of Shanghai and Shenzhen stock exchange, China. We took abnormal working capital accruals as a proxy for earning management. In this paper, we used modified Jones Model in order to calculate discretionary accruals (DAC). The sample comprises o...

This study takes a closer look at the relationship between money demand and the life-cycle motive using panel data from the Survey of Income and Program Participation. Findings indicate that the life-cycle motive exerts a direct impact on household demand for interest-earning monetary assets, but not on non-interest-earning checking deposits. The strength of the relationship, however, varies am...

Accounting earning represents the positive performance of companies during theirpertinent financial periods, thus it is assumed that accounting earning will benoted by investors, which could contribute to the optimum allocation of resourcesto successful companies. It can also play a major role in the economic growth anddevelopment of a society. This research focuses in the relationship between ...

accounting earning represents the positive performance of companies during theirpertinent financial periods, thus it is assumed that accounting earning will benoted by investors, which could contribute to the optimum allocation of resourcesto successful companies. it can also play a major role in the economic growth anddevelopment of a society. this research focuses in the relationship between ...

This project involves discovering how the company’s stock performs in after-hours on the release day of its quarterly financial report and the day after. Project aims to use a variety of machine learning models to make predictions regarding the stock price movements based on the factors that reflect and affect investor reactions, namely, media coverage of financial news, companys’ quarterly fin...

This tutorial focuses on dynamic pricing under model uncertainty: a class of problems whose first instance dates back at least 40 years, is relatively simple in structure, is widely considered fundamental, and has numerous manifestations across multiple application domains and academic disciplines. While significant progress has been made throughout the last several decades, including a flurry ...

On March 23, 2010 President Barack Obama signed the Patient Protection and Affordable Care Act (hereinafter “ACA”) into law. The enactment of the ACA was an enormous step in the history of the United States, as “no prior administration had successfully pushed national health reform through Congress, despite several attempts.” The Act was created with the primary goal of providing all American c...

Experimental choice data from 881 subjects based on 40 time-tradeoff items and 32 risky choice items reveal that most subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be explained by well-known theories of behavioral inconsistency, such as hyperbolic discounting and cumulative prospect theory. Aggregating expected payoffs and th...