Non-GAAP earnings and stock price crash risk
We investigate whether non-GAAP earnings disclosures increase stock price crash risk. Consistent with non-GAAP disclosures allowing managers to inflate investors’ perceptions about firm performance, our results indicate that income increasing non-GAAP reporting increases crash risk. We also find tha...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1843 https://ink.library.smu.edu.sg/context/soa_research/article/2870/viewcontent/SSRN_id3454799.pdf |
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| Institution: | Singapore Management University |
| Language: | English |