Managerial Entrenchment and Value-Relevance of Earnings During the Pre- and Post- Sarbanes Oxley Periods

2007 ◽  
Author(s):  
Anthony C. Ng ◽  
Ferdinand A. Gul ◽  
Yaw M. Mensah
Keyword(s):  
Value Relevance ◽  
Managerial Entrenchment ◽  
Sarbanes Oxley

scholarly journals The value-relevance of fundamental signals and the impact of financial regulations on security valuation and earnings management

2019 ◽  
Vol 16 (3) ◽  
pp. 73-88
Author(s):  
Sung Kwon
Keyword(s):  
Earnings Management ◽  
Value Relevance ◽  
Financial Analysts ◽  
Bottom Line ◽  
Sarbanes Oxley ◽  
Implementation Costs ◽  
Net Assets ◽  
The Impact ◽  
Book Values ◽  
Over Time

This article investigates the value-relevance of earnings and financial analysts’ fundamental signals, as identified by prior research. We document four primary findings. First, consistent with the claims in the accounting literature, the value-relevance of ‘bottom line’ earnings has declined over time. Second, the combined value-relevance of earnings and financial analysts’ fundamental signals have also declined over time. Prior studies in this line of research have generated mixed evidence. In other words, some previous studies support an increase and some others find a decrease in the value-relevance of book values of net assets (common equity) over time. This study focuses on the financial analysts’ fundamental signals, not the book values of net assets, and the change in the degree of the value-relevance of those signals over time. Third, we find a negative correlation between firms’ excess returns and regulations, such as Sarbanes-Oxley (SOX) and Dodd-Frank, which are consistent with the claims of some prior studies that the implementation costs of the regulations may exceed their benefits for shareholders of the corporations affected by the regulations. Finally, we also report that the levels of opportunistic earnings management, reflected in some of those fundamental signals, have declined following these regulations.

DİĞER KAPSAMLI GELİR KALEMLERİ İLE İŞLETMENİN PİYASA DEĞERİ ARASINDAKİ İLİŞKİ

2014 ◽  
Vol 1 (3) ◽  
pp. 269
Author(s):  
Serhan Gürkan ◽  
Yasemin Köse
Keyword(s):  
Financial Performance ◽  
Value Relevance ◽  
Net Income ◽  
Comprehensive Income ◽  
Income Statement ◽  
Other Comprehensive Income ◽  
The Difference ◽  
Gains And Losses

Other comprehensive income is the difference between net income as in the Income Statement and comprehensive income, and represents the certain gains and losses of the enterprise not recognized in the Profit or Loss Account. Value relevance of other comprehensive income is under discussion and considering other comprehensive income items all together might be misleading for financial performance. In the view of such information, discussing the value relevance of each other comprehensive income item, judgements are made.

Sarbanes-Oxley: Investment Company Compliance

CFA Digest ◽  
2003 ◽  
Vol 33 (4) ◽  
pp. 3-4
Author(s):  
Spencer L. Klein
Keyword(s):  
Investment Company ◽  
Sarbanes Oxley

The Study of Value Relevance of on Foreign Currency Transaction

2017 ◽  
Vol 35 (1) ◽  
pp. 97-120
Author(s):  
Seong Il Jeon ◽  
Ki Se Lee
Keyword(s):  
Foreign Currency ◽  
Value Relevance

A INFLUÊNCIA DA LEI SARBANES OXLEY NAS POLÍTICAS DE DIVIDENDOS DE EMPRESAS BRASILEIRAS LISTADAS NA BOLSA DE NOVA YORK

2018 ◽  
Author(s):  
Cícero GUERRA ◽  
Ricardo Carvalho da SILVA ◽  
WAGNER MOURA LAMOUNIER ◽  
José Roberto de Souza FRANCISCO
Keyword(s):  
Sarbanes Oxley

Enriching AIS Courses With SOX Compliance Activities

2010 ◽  
Vol 5 (1) ◽  
pp. 1-24 ◽  
Author(s):  
Joann Segovia ◽  
Carol M. Jessup ◽  
Marsha Weber ◽  
Sheri Erickson
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Internal Controls ◽  
Accounting Profession ◽  
Investor Confidence ◽  
Reporting Requirements ◽  
Sarbanes Oxley ◽  
Audit Firms ◽  
Significant Change

A very significant change to the accounting profession occurred in 2002 when the Sarbanes-Oxley Act of 2002 (SOX) was enacted. This legislation had a significant impact on corporations and their audit firms. The objective was to improve corporate governance and its quality of financial reporting to improve investor confidence. This paper provides instructors with a background on SOX and suggests readings and activities that reflect the requirements of SOX as it relates to the AIS environment and the analysis of internal controls. These activities can strengthen students' understandings of how corporations respond to the various reporting requirements of this Act.

Intangibles And Value Relevance Of Accounting Information: Evidence From UK Companies

2016 ◽  
pp. 437
Author(s):  
كيموش بلال ◽  
روابحي عبدالناصر
Keyword(s):  
Value Relevance ◽  
Accounting Information

The Effect of Derivatives on Accounting Value Relevance

2019 ◽  
Vol 20 (2) ◽  
pp. 39-69
Author(s):  
Jeong Ok Kim ◽  
Yoojin Shin
Keyword(s):  
Value Relevance
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