Are Investors Misled by 'Pro Forma' Earnings?

By W. Johnson, William C. Schwartz Jr.. 2002

145 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/b85c65e40446731c4ee67e426271a50bf30ab8ea

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Theodore E. Christensen
2. Ervin L. Black
3. Richard D. Mergenthaler
4. Chad R. Larson
5. Nilabhra Bhattacharya
6. W. B. Elliott
7. Sarah E. McVay
8. Mark T. Soliman

In Strategy and Management

1. Richard D. Mergenthaler
2. Ervin L. Black
3. Nilabhra Bhattacharya
4. Theodore E. Christensen
5. W. B. Elliott
6. Sarah E. McVay
7. Mark T. Soliman

Citations in the corpus

• The Disclosure of Non-GAAP Earnings Information in the Presence of Transitory Gains (2014, unknown): “2 See for example, Bradshaw and Sloan 2002; Bhattacharya et al. 2003; Doyle et al. 2003; Lougee and Marqu dt 2004; Johnson and Schwartz 2005; Black and Christensen 2009; Frankel et al. 2011; Doyle et al. 2013.”
• Discretionary Disclosure Strategies in Corporate Narratives: Incremental Information or Impression Management? (2008, unknown): “…Only eight studies (all US) have effectively distinguished between these two competing schools [Lang and Lundholm, 2000]; [Frederickson and Miller, 2004]; [Barton and Mercer, 2005]; [Bowen et al., 2005]; [Johnson and Schwartz, 2005]; [Krische, 2005]; [Elliott, 2006]; [Matsumoto et al., 2006].”
• Impression Management: Developing and Illustrating a Scheme of Analysis for Narrative Disclosures - A Methodological Note (2008, unknown): “While there has been a small number of studies of disclosures in press releases in the US (e.g., Lougee and Marquardt, 2004; Bowen et al., 2005; Johnson and Schwartz, 2005; Davis et al., 2007; Henry, 2008), this is the first study of disclosures in press releases in another country.”
• Assessing the Relative Informativeness and Permanence of Pro Forma Earnings and GAAP Operating Earnings (2003, background): “5The reason we examine this time period is because it coincides with the Johnson and Schwartz (2001) sample period (and benchmarks their sample with ours and with all available non-GAAP announcements available on the PR Newswire and Business Wire).”
• Who Trades on Pro Forma Earnings Information (2004, background): “30 Since prior research finds that trading volume is significantly positively associated with the absolute price change (e.g., Karpoff, 1987), we control for firm-specific abnormal returns in regression models 1 through 4 as an additional robustness check.”