Investor reaction to strategic emphasis on earnings numbers: An empirical study
We analyze the earnings information and stock prices of S&P500 firms and find that investors following S&P500 stocks (i) respond more to pro forma earnings than to GAAP earnings, (ii) respond to an emphasis on pro forma earnings, and (iii) are fixated on pro forma earnings. We provide the fi...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
VIZJA University
2013-10-01
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| Series: | Contemporary Economics |
| Online Access: | http://ce.vizja.pl/en/download-pdf/id/290 |
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