Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings

Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings

This study investigates whether market participants perceive pro forma earnings to be more informative and more persistent than GAAP operating income by analyzing a sample of 1,149 actual pro forma press releases. We find that pro forma announcers report frequent GAAP losses and are mostly concentra...

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Bibliographic Details
Main Authors: BHATTACHARYA, Nilabhra, Black, Erv, Christensen, Ted, Larson, Chad
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2003
Subjects:
Pro forma earnings
Information content of earnings
Persistence of earnings
Analysts’ forecasts
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/967
https://ink.library.smu.edu.sg/context/soa_research/article/1966/viewcontent/assessing_the_relative_informativeness.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/967
https://ink.library.smu.edu.sg/context/soa_research/article/1966/viewcontent/assessing_the_relative_informativeness.pdf

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