Insider Trading, Earnings Quality, and Accrual Mispricing

By Mark E. Vargus, M. Beneish. 2001

540 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/57914ac9e1a25c411f78b600047a516bacb8c790

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Citations in the corpus

The Accrual Anomaly: International Evidence (2003, unknown): “Consistent with this, Beneish and Vargus (2002) ﬁnd that insiders in the U.S. behave as if they trade on information about the underlying persistence of income-increasing accruals.”
Corporate Governance and Pay-for-Performance: The Impact of Earnings Management (2008, background): “Similarly, Beneish and Vargus (2002) find that periods of abnormally high accruals (which temporarily inflate earnings) are associated with increases in insider sales of shares, and that after the ‘‘event period’’ stock returns tend to be poor.”
CEO Incentives and Earnings Management (2006, methodology): “This decile-based approach follows Beneish and Vargus (2002). Results based on analyzing the top 10%, 5%, and 1% of accruals, as well as results based on linear specifications, are robust to the particular specification choice.”
Earnings Manipulation and Expected Returns (2013, background): “Other related studies have examined whether different market constituents understand the implications of accruals (Bradshaw, Richardson, and Sloan 2001; Beneish and Vargus 2002; Collins, Gong, and Hribar 2003; Barth and Hutton 2004).”
Measuring the quality of earnings (2005, background): “Beneish and Vargus (2002) investigate whether insider trading is informative about earnings quality using earning persistence as a measure for the quality of earnings, they find that income-increasing accruals are significantly more persistent for firms with abnormal insider buying and significantly”
Internal Corporate Governance, CEO Turnover, and Earnings Management (2012, unknown): “Beneish and Vargus (2002) and Bergstresser and Philippon (2006) report that insider stock sales increase during periods in which firms have abnormally high accruals.”
Learning from Peers' Stock Prices and Corporate Investment (2014, methodology): “…for managerial information, we obtain corporate insiders trades from the Thomson Financial Insider Trading database.30 As in other studies (e.g., Beneish and Vargus (2002), or Peress (2010)), we restrict our attention to open market stock transactions initiated by the top ve executives (CEO,…”
The Impact of Earnings Quality on Firm Value: The Case of Vietnam (2020, background): “Richardson, Sloan, Soliman, and Tuna (2001) evaluated EQ basing on the persistence of future revenue and Beneish and Vargus (2002) also thought that the persistence of firm's revenue is will prove the business's EQ.”
Corporate governance and earnings management at large U.S. bank holding companies (2009, background): “Finally, Beneish and Vargus (2002) find that periods of abnormally high accruals, which inflate earnings, are associated with increases in insider sales o shares and that after the “event period” stock returns tend to be poor. t .”