The methods underpinning the UK’s annual structural earnings survey – the New Earnings Survey (NES) – have remained largely unchanged since the survey’s inception in 1970. A recent major review of earnings statistics in the UK, along with gradual changes in the labour market in recent years have led to a re-design of the NES. This paper describes some of the shortcomings of the NES and then pre...

This study consists introductory survey and three essays where investors’ trading responses to interim earnings announcements are studied using Finnish data. The essays are individual papers, but their topics are closely connected since they address the trading response from different angles. The essays progress from an aggregated to a more detailed examination. The first essay was conducted on...

this study presents empirical evidence concerning the effect of different accounting standard on earnings management. prior studies have shown that accounting standards influence earnings management. tighter accounting standards regime restricts management’s descretion to manipulate accruals, and at the same time, induce more costly real earnings management activities. to investigate this iss...

Do firms time the release of news in response to investor inattention? We consider news about earnings and analyze the reaction of investors to announcements on Friday and on other weekdays. The announcements have two main effects on stock returns. First, the short-term response to Friday earnings announcements is 20 percent smaller than the response on other days of the week. Second, the post-...

In this study aims to examine the effect of foreign exchange earnings and promotional costs on profits PT. Bank Muamalat. The data source in is secondary form published financial reports. analysis method uses multiple regression with SPSS processing techniques. From test states 1) There a significant positive Foreign Exchange Income Promotion Costs. linear test, calculated F value 8.339, higher...

Information asymmetry in stock market can increase the risk of investment which in turn increases the capital cost of firms. Bhattacharya (1979) proposed a hypothesis that states dividend can act as a powerful signal in order to solve information asymmetry problem. We measured information asymmetry by lack of earnings transparency. Therefore we examine the effect of earnings transparency on cap...

We analyze the ability of earnings and non-earnings performance metrics to explain stock returns for industries where we identify, ex ante, an allegedly preferred (for valuation purposes) performance metric. We identify three industries each where earnings before interest, taxes, depreciation and amortization (EBITDA) and cash from operations are preferred, and three industries where specific n...

We evaluate the aggregate effects of expansions credit supply in environments where subsistence self-employment is prevalent. extend a standard macro development model to include unemployment risk, which becomes key driver selection into self-employment. The consistent with joint distribution earnings and occupations, reaction wages labor demand shocks, small microloans on self-employed. find t...

investment institutions with substantial shareholdings in a firm have the resources and incentives to monitor and influence management decisions. whether the institutions actually monitor and exert pressure on managers is an empirical question.this study is designed to provide insights into the monitoring role of institutional investors by examining whether institutional ownership affects the i...

full, on-time, and with quality disclosure of financial information can lead to the transparency of such information and decreases information asymmetry. among the published information of firms, earnings are of priority importance attended by many users; therefore, the issue of the transparency of accounting earnings is of high importance. the aim of this study is investigating the accounting ...