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 fin...

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Bibliographic Details
Main Authors: HSU, Charles, WANG, Rencheng, WHIPPLE, Benjamin C.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/1972
https://ink.library.smu.edu.sg/context/soa_research/article/2999/viewcontent/Non_GAAP_Earning_Stock_Price_Crash_sv.pdf
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Institution: Singapore Management University
Language: English
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