investment institutions with substantial shareholdings in a firm have the resources and incentives to monitor and influence management decisions. whether the institutions actually monitor and exert pressure on managers is an empirical question.this study is designed to provide insights into the monitoring role of institutional investors by examining whether institutional ownership affects the i...

Consistent with prior evidence about greater persistence of revenues and greater noise caused by heterogeneity of expenses, this study shows that the post-earningsannouncement-drift is stronger when the revenue surprise is in the same direction as the earnings surprise. The results of the study are consistent for the earnings and revenue surprise estimated from historical time series and also f...

Between 1973 and 1987, men's average earnings declined and the percentage of men with low earnings (defined as annual earnings less than $12,000 a year) increased for whites, blacks, and Hispanics. We estimate regression models for the level and distribution of male earnings for each of these three groups using data from the 1974, 1980, and 1988 March Current Population Surveys. Much of the dec...

a r t i c l e i n f o Previous literature finds that situations that put managers under significant levels of pressure (e.g. IPO, upcoming credit rating changes, violation of debt covenant, etc.) might affect the way earnings are manipulated. The aim of this study is to investigate whether the pressure caused by the non-temporary level of financial distress, conditions the choice between real a...

A large literature has measured the regression to the mean in earnings and occupational status. One conclusion of this literature is that earnings regress to the mean more rapidly than status. This paper provides a theoretical model for intergenerational mobility in both status and earnings and examines its implications empirically. We consider the theoretical implications of parental investmen...

This research is entitled “The Effect of Accrual Reliability, Debt Level and Cash Flow Volatility on Earnings Persistence”. The question “Is the persistence earnings affected by accrual reliability, debt levels cash flow volatility? objective to examine empirically effect volatility persistence. level are independent variables in this study while dependent variable. used secondary data form ann...

We examine the impact of national culture on earnings. Specifically, we managers’ likelihood using accrual or real earnings management (REM) and role various attributes (accruals quality, persistence, smoothing, predictability). measure Hofstede’s six dimensions (1984, 2001, 2010). Using data from 36 countries during 1997–2018, find that managers are likely to use both accruals REM in high powe...

This study analyzes gender diff erences in the intergenerational earnings mobility of second-generation migrants in Germany. The analysis takes into account potential infl uences like assortative mating in the form of ethnic marriages and the parental integration measured by parents’ years since migration. First, intergenerational earnings elasticities are estimated at the mean and along the ea...

We investigate whether competing information, primarily analyst reports, reduces the usefulness of earnings announcements. Our examination of this issue has two parts. First, we examine whether investors’ use of analyst reports, as measured by the absolute abnormal returns to these reports, substitutes for their use of earnings announcements. We find that market reactions to earnings announceme...