Investor Sentiment and Pro Forma Earnings Disclosures

By Nerissa C. Brown, Theodore E. Christensen, W. B. Elliott, Richard D. Mergenthaler. 2012

231 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9ccb29142af3619994e9be4c9e4b367f2bfbd7f6

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Citations in the corpus

Why do pro forma and Street earnings not reflect changes in GAAP? Evidence from SFAS 123R (2012, unknown): “…Bhattacharya et al. (2003) find that manager and analyst exclusions are the same about two-thirds of the time, Black and Christensen (2009) and Brown et al. (2011) find that exclusions by managers of recurring items that analysts do not exclude are the most ‘‘aggressive’’ and are clear…”
The Disclosure of Non-GAAP Earnings Information in the Presence of Transitory Gains (2014, unknown): “Answering this call for additional research is particularly important because, although there was a temporary decline in the disclosure of non-GAAP earnings following Regulation G, the prevalence of these disclosures has been increasing steadily and is now at historic highs (Brown et al. 2012a).”
Sentiment Metrics and Investor Demand (2019, background): “…financing costs (McLean and Zhao (2014)), earnings management (Simpson (2013)), cash holdings (Li and Lou (2016)), managers’ earnings disclosures (Brown et al. (2012)), the qualitative tone of managers’ earnings disclosures (Bochkay and Dimitrov (2014)), and the CEO’s view of firm valuation…”
Firm Life Cycle, Corporate Risk Taking, and Investor Sentiment (2017, unknown): “In the financial reporting context, investor sentiment has been found to have influenced management forecast disclosures (Bergman and Roychowdhury, 2008), analyst forecast properties (Hribar and McInnis, 2012), disclosure of pro-forma earnings metrics (Brown et al. 2012), earnings management (Simpso”