Investor reaction to strategic emphasis on earnings numbers: An empirical study

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Investor reaction to strategic emphasis on earnings numbers: An empirical study

We analyze the earnings information and stock prices of S&P500 firms and find that investors followingS&P500 stocks (i) respond more to pro forma earnings than to GAAP earnings, (ii) respond toan emphasis on pro forma earnings, and (iii) are fixated on pro forma earnings. We provide the firs...

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Bibliographic Details
Main Authors:	Sadique, Shibley, Rahman, M.
Format:	Journal Article
Published:	Vizja Press & IT 2013
Subjects:	fourth quarter earnings functional fixation hypothesis earnings press release stock market reaction emphasis on earnings numbers
Online Access:	http://hdl.handle.net/20.500.11937/47415

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