Earnings Momentum and Earnings Management

By James N. Myers, Linda A. Myers, Douglas J. Skinner. 2007

639 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c80205feabbcf5689403f10db854c8f74e8f66d3

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Citations in the corpus

Earnings Management and Cross Listing: Are Reconciled Earnings Comparable to US Earnings? (2006, positive): “correlation. Papers like Myers and Skinner (2002) and Land and Lang (2002) have”
How Do Analysts Use Their Earnings Forecasts in Generating Stock Recommendations (2001, neutral): “As observed by Schipper (1991), earnings forecasts are “not a final product but rather an input into generating a final product” (p.”
What Insiders Know About Future Earnings and How They Use it: Evidence from Insider Trades (2003, background): “Noe (1999) documents a significant positive association between net insider purchases made within twenty days after a management earnings forecast and a measure of growth in earnings over the next three to five years.”
Employee Stock Options, EPS Dilution, and Stock Repurchases (2003, result): “These results are also consistent with Myers and Skinner (2002), who find, in a different sample, that firms that are unable to meet EPS growth expectations are more likely to undertake stock repurchases.”
Inside the 'Black Box' of Sell-Side Financial Analysts (2014, positive): “, recent management turnover, company consistently meets or beats earnings targets, and management wealth is closely tied to stock prices) have relatively strong support in the literature (e.g., Desai et al., 2006; Efendi et al., 2007; Myers et al., 2007).”
Real Investment Implications of Employee Stock Option Exercises (2002, background): “Prior research indicates option grants are correlated with both exercises (Ofek and Yermack [2000]) and stock repurchases (Weisbrenner [2000]).”
Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “…of earnings increases relative to the prior year or relative to the same quarter of the prior year receive a price premium (Barth et al., 1999; Myers et al., 2007).37 Assuming that market participants assign a higher probability that earnings are managed when forecasts are met on an ad hoc…”
Do CFOs Have Style? An Empirical Investigation of the Effect of Individual CFOs on Accounting Practices* (2011, methodology): “The variance of the residuals for each CFO-firm from the following pooled regression (Myers et al. 2007): DNI i;t ¼ a 1 LEVERAGE i;t þ a 2 GROWTH i;t þ a 3 DEBT ISS i;t þ a 4 EQUITY ISS i;t þ a 5 ASSET TURN i;t þ a 6 SIZE i;t þ e i;t Where for firm i quarter t, DNI i,t is the current quarter net…”
Does Income Smoothing Improve Earnings Informativeness (2006, neutral): “Sankar and Subramanyam (2001) demonstrate that managers smooth income to smooth consumption and that in so doing they reveal private information about future earnings.”
Do Auditor-Provided Tax Services Improve the Estimate of Tax Expense? (2007, background): “Solomon 1988; Panel on Audit Effectiveness 2000). For the largest corporations, Kinney, Palmrose, and Scholz (2004) observe ATS are associated with fewer restatements.”
Are IFRS-based and US GAAP-based accounting amounts comparable? $ (2012, positive): “As in prior research (Land and Lang, 2002; Lang et al., 2003; Leuz et al., 2003; Ball and Shivakumar, 2005, 2006; Lang et al., 2006; Myers et al., 2007; Barth et al., 2008), we interpret a higher ratio of variances and a less negative correlation as evidence of less earnings smoothing.”