A Returns‐Based Representation of Earnings Quality
By Frank Ecker, Jennifer Francis, Irene Y. Kim, Per Olsson, Katherine Schipper. 2006
259 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/310b3b6bb8d23cb89a0938ee08acca77cbbac60f
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Peter D. Wysocki
- Christian Leuz
- G. He
- Clara Vega
- Mohan Venkatachalam
- Elizabeth Demers
- Irene Y. Kim
- Luzi Hail
In Finance
- Peter D. Wysocki
- Christian Leuz
- G. He
- Clara Vega
- Mohan Venkatachalam
- Elizabeth Demers
- Irene Y. Kim
- Luzi Hail
Citations in the corpus
- Soft information in earnings announcements: news or noise? (2008, background): “As higher EFKOS e-loading factors are representative of lower quality earnings (Ecker et al. (2006)), these findings are once again supportive of the hypothesis that higher weights are placed on soft information when the hard data is less informative.”
- Cost of Capital and Earnings Transparency (2008, unknown): “The basis for our prediction is the well-established positive relation between information asymmetry and cost of capital and our expectation that earnings transparency is negatively associated with information asymmetry.”
- Is Accruals Quality a Priced Risk Factor (2008, unknown): “The return evidence in FLOS (2004 and 2005) does not provide a test of whether AQ is priced; the daily hedge portfolio evidence in Ecker et al. (2006) and Nichols (2006) appears to be mispecified and driven by biases due to the compounding of daily returns; and the evidence for AQ in the…”
- Accounting restatements and information risk (2010, unknown): “Consistent with Francis et al. (2005), Aboody et al. (2005), Ecker et al. (2006) and Chen et al. (2007), we use factor returns based on the Dechow and Dichev (2002) AQ metric.”
- The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “That said, several studies document a negative relation between reporting quality proxies and firms’ cost of equity (e.g., Aboody et al., 2005; Francis et al., 2005; Ecker et al., 2006; Kim and Qi, 2010; Ogneva, 2012; Barth et al., 2013).”