This paper introduces an ‘adjusted’ rate of return (ROR) to women’s university education. The adjusted ROR is estimated by comparing the earnings of female university graduates to the earnings of male high school graduates. Results from a comparison of seventeen OECD countries reveal that the overall average of the adjusted ROR is actually negative: On average, female university graduates earn ...

The earnings response coefficient (ERC) measures the magnitude of a stock's abnormal return in to components (unexpected earnings) reported by company that issued stock. This study, thus, aims analyze effect growth opportunity, profitability, corporate social responsibility (CSR), size, and leverage on manufacturing companies listed Indonesia Stock Exchange for 2019-2021 period. sampling techni...

This paper examines how commonly used earnings quality measures fulfill a key objective of financial reporting, i.e., improving decision usefulness for investors. We propose a stock-price-based measure for assessing the quality of earnings quality measures. We predict that firms with higher earnings quality will be less mispriced than other firms. Mispricing is measured by the difference of the...

Earnings response Coefficient atau koefisien respon laba merepresentasikan reaksi pasar dalam hal perubahan harga, terhadap nilai unexpected earnings yang diperoleh oleh perusahaan. Tujuan dari studi empiris ini adalah untuk menganalisis pengaruh Corporate Social Responsibility (CSR) diukur menggunakan GRI Standards tahun 2016 dan kesempatan bertumbuh coefficient (ERC) diproksikan cumulative ab...

Behavioral Finance aims to explain empirical anomalies by introducing investor psychology as a determinant of asset pricing. This study provides strong evidence that anomalous stock price behavior following earnings announcements is due to a representativeness bias. It investigates current and past earnings surprises and subsequent market reaction for listed US companies over the period 1983-19...

Earnings non-response in household surveys is widespread, yet there is limited evidence on whether and how non-response bias affects measured earnings. This paper examines the patterns and consequences of non-response using internal Current Population Survey (CPS ASEC) individual records matched to administrative SSA data on earnings for calendar years 2005-2010. Our findings include the follow...