Search Results - "Shivakumar, Lakshmanan"

The role of financial reporting in debt contracting and in stewardship by Shivakumar, Lakshmanan

“…In this paper, I review the role that financial accounting plays in contracts aimed at mitigating agency problems between shareholders and managers and between…”
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Earnings quality at initial public offerings by Ball, Ray, Shivakumar, Lakshmanan

“…We show that, contrary to popular belief, initial public offering (IPO) firms report more conservatively. We attribute this to the higher quality reporting…”
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Why Does Aggregate Earnings Growth Reflect Information about Future Inflation? by Shivakumar, Lakshmanan, Urcan, Oktay

“…We propose two explanations for the previously documented relation between aggregate earnings growth and future inflation: one based on firms changing their…”
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Contractibility and Transparency of Financial Statement Information Prepared Under IFRS: Evidence from Debt Contracts Around IFRS Adoption by BALL, RAY, LI, XI, SHIVAKUMAR, LAKSHMANAN

“…We outline several properties of IFRS that potentially affect the contractibility or the transparency of financial statement information, and hence the use of…”
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Earnings and price momentum by Chordia, Tarun, Shivakumar, Lakshmanan

“…This paper examines whether earnings momentum and price momentum are related. Both in time-series as well as in cross-sectional asset pricing tests, we find…”
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Macroeconomic effects of corporate tax policy by Shevlin, Terry, Shivakumar, Lakshmanan, Urcan, Oktay

“…•We argue that statutory tax rates ignore the complexity of tax credits, tax exemptions, tax deductions, tax enforcement and firms’ tax planning.•We propose a…”
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Earnings quality in UK private firms: comparative loss recognition timeliness by Ball, Ray, Shivakumar, Lakshmanan

“…UK private and public companies face substantially equivalent regulation on auditing, accounting standards and taxes. We hypothesize that private company…”
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The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition by BALL, RAY, SHIVAKUMAR, LAKSHMANAN

“…We investigate the role of accrual accounting in the asymmetrically timely recognition (incorporation in reported earnings) of gains and losses. Timely…”
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Discussion of Aggregate Market Reaction to Earnings Announcements by SHIVAKUMAR, LAKSHMANAN

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Aggregate earnings, stock market returns and macroeconomic activity: A discussion of ‘does earnings guidance affect market returns? The nature and information content of aggregate earnings guidance’ by Shivakumar, Lakshmanan

“…Anilowski, Feng and Skinner (Journal of Accounting and Economics, 2006, this issue) examine the relationship between aggregate earnings guidance, aggregate…”
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Momentum, Business Cycle, and Time-varying Expected Returns by Chordia, Tarun, Shivakumar, Lakshmanan

“…A growing number of researchers argue that time-series patterns in returns are due to investor irrationality and thus can be translated into abnormal profits…”
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Do firms mislead investors by overstating earnings before seasoned equity offerings? by Shivakumar, Lakshmanan

“…I examine earnings management around seasoned equity offerings and, consistent with Rangan (J. Financial Econ. 50 (1998) 101) and Teoh et al. (J. Financial…”
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Exchange‐Sponsored Analyst Coverage by Gao, Ru (Tina), Shivakumar, Lakshmanan, Sidhu, Baljit K.

“…Several major stock exchanges, including the NASDAQ and NYSE Euronext, have recently embarked on schemes to sponsor and promote analyst coverage for firms…”
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Self-Selection of Auditors and Audit Pricing in Private Firms by Chaney, Paul K., Jeter, Debra C., Shivakumar, Lakshmanan

“…Prior research has examined audit pricing for publicly held firms and provided some evidence of a Big 8 premium in pricing. We investigate audit pricing among…”
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Accruals, Cash Flows and the Post-Earnings-Announcement Drift by Shivakumar, Lakshmanan

“…:  Several prior studies have shown that cash flows have significantly greater impact on stock prices than accruals. We examine the implications of these…”
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The debt market relevance of management earnings forecasts: evidence from before and during the credit crisis by Shivakumar, Lakshmanan, Urcan, Oktay, Vasvari, Florin P., Zhang, Li

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How Much New Information Is There in Earnings? by BALL, RAY, SHIVAKUMAR, LAKSHMANAN

“…We quantify the relative importance of earnings announcements in providing new information to the share market, using the R² in a regression of securities'…”
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Cross-sectional estimation of abnormal accruals using quarterly and annual data: effectiveness in detecting event-specific earnings management by Jeter, Debra C., Shivakumar, Lakshmanan

“…This paper addresses certain methodological issues that arise in estimating abnormal (or discretionary) accruals for detection of event-specific earnings…”
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Analysts’ estimates of the cost of equity capital by Balakrishnan, Karthik, Shivakumar, Lakshmanan, Taori, Peeyush

“…We explore a large sample of analysts' estimates of the cost of equity capital (CoE) to evaluate their usefulness as expected return proxies (ERP). We find…”
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Audited financial reporting and voluntary disclosure as complements: A test of the Confirmation Hypothesis by Ball, Ray, Jayaraman, Sudarshan, Shivakumar, Lakshmanan

“…We examine the “confirmation” hypothesis that audited financial reporting and disclosure of managers' private information are complements, because independent…”
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