Reported earnings per share (EPS) are frequently rounded to the nearest cent. This paper provides evidence that firms manipulate earnings so that they can round-up and report one more cent of EPS. Specifically, we examine the digit immediately right of the decimal in the calculated earnings per share number expressed in cents. Evidence is presented that firms are more likely to round-up when ma...

The corporate performance of the banking sub-sector in any economy is not only interest to shareholders but also stakeholders such as government, employees, creditors, customers and general society. However, DMBs Nigeria had experienced different phases failures due mainly poor financial leading liquidation, merger outright revocation licenses many by Central Bank Nigeria. Financial innovation ...

Abstract This paper proposes changes to the calculation of diluted earnings per share (DEPS). The existing IAS 33 approach is flawed as it ignores time value options and treats equity‐settled differently cash‐settled options. We derive an alternative method then compare this with using examples based on a simple firm well small sample ASX companies. Our best describes change in economic current...

This study aims to determine the effect of leverage, earnings per share, and dividend policy on firm value in manufacturing companies listed Indonesia Stock Exchange for 2017-2019 period. uses a quantitative approach method. The population this were 182 companies. sampling technique using purposive method, order obtain 38 that meet criteria 2017-2019. results conclude that: 1) Leverage has no b...

Capital Market Pressures and Earnings Management: Evidence from U.S. Dual-Class Firms Feng Chen In a dual-class share structure, one class of common stock typically has more votes per share than the other, but both classes have equal or similar cash flow rights per share. While this dual-class structure is likely to entrench management, it potentially reduces capital market pressures on manager...

the valuation of companies is often complicated by a failure to understand how share prices are set. many senior executive believe that stock prices are set by some vague combination of earnings, growth rates, returns, book values, cash flows, dividends and trading volumes. in this article two general models of valuation are introduced. the firs t one is the accounting model which states that s...