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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2003
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| Subjects: | |
| 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 |