Purpose - The purpose of this study is to explain the poor informativeness of earnings in dual-class firms by examining the quality of earnings and the information environment. Design/methodology/approach - The earnings informativeness, earnings quality and information environment of dual-class firms ...
Earnings informativeness improves in firms that unify their shares. The third essay compares the level of information asymmetry between dual-class firms and single-class firms. It is documented that the information environment for dual-class... O Lobanova 被引量: 2发表: 2012年 Environmental effects...
Equities incentive is more and more frequently used for motivating management among Chinese listed companies, but whether it will degrade informativeness of stock price, thus reduce the efficiency of capital allocation in security market remains to be verified. This article used the data of A-share ...
The authors compare the informativeness of earnings and dividends for firms with dual class equity structures with firms with single class equity structure... Francis,Jennifer - Working Papers -- Duke Fuqua School of Business 被引量: 0发表: 2003年 Investigating the Relationship Between IPO Type and...
With regard to the influence of the controlling family's active control over the informativeness of accounting earnings, the results reveal that, the greater the family's concentration of power on the board of directors, either by the number of family directors or by the CEO's power in the ...
Aharony, Joseph,Jiwei Wang,Hongqi Yuan.The impact of related party sales by listed Chinese firms on earnings informative ness and earnings forecasts.. 2006Wang, J., and H. Yuan. 2012. The impact of related-party sales by listed Chinese firms on earnings informativeness and earnings forecasts. ...
Firms' SEC Filings: Firm Incentives and Changes in Earnings Informativeness, and Earnings Attributes Hansen, B., G. Pownall, R. Prakash, M. Vulcheva. 2010. Relaxing the reconciliation requirement in non-U.S. firms' SEC filings: Changes in GAAP, earnings attributes, and earnings informativeness...
Relaxing the reconciliation requirement in non-U.S. firms' SEC filings: Changes in GAAP, earnings attributes, and earnings informativeness. Working paper, Emory University.Hansen, B., G. Pownall, R. Prakash, and M. Vulcheva. 2011. Relaxing the reconciliation requirement in Non-U.S. firms' ...
The authors describe the sample and compares dual class and single class firms on dimensions capturing consequences of the dual class ownership structure. They include measures of management ownership in across-sample tests of earnings and dividend informativeness to sort out the effects of concentrated...
Moreover, as the level of voting rights in the hands of the family ultimate owner increases, the informativeness of earnings decreases. Only in family firms where the CEO is hired, the family nature affects positively on the informativeness of accounting earnings.Carolina Bona Sánchez...