Accrual quality and expected returns: The importance of controlling for cash flow shocks

By M. Ogneva. 2008

155 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/eecf69b3c5b33f4621afaad3c042b60c94772448

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Citations in the corpus

How far can we trust earnings numbers? What research tells us about earnings management (2013, background): “When Ogneva (2012) repeats the analysis of Core et al. (2008) on her sample, she also finds that l4 is not significant.”
When Does Information Asymmetry Affect the Cost of Capital (2011, unknown): “Ogneva (2008) lags this variable one period, to avoid look-ahead bias.”
The effect of information quality on liquidity risk (2011, unknown): “It does not focus on the overall effect of information quality on cost of capital or whether information quality is, by itself, a priced risk factor (Francis et al., 2005; Core et al., 2008; Lambert et al., 2008; Ogneva, 2008).”
Accruals Quality, Information Risk and Cost of Capital: Evidence from Australia (2009, background): “Ogneva (2008) hypothesizes that CGV’s (2008) result arises because poor accrual quality firms experience negative cash flow shocks in the future, which results in negative returns that offset the higher expected returns for such firms.”
Earnings Smoothness, Average Returns, and Implied Cost of Equity Capital (2010, methodology): “First, I include a future earnings surprise measure as a control variable in the asset pricing regression from Table 1, following the methodology of Ogneva (2009), who argues that”
Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research (2008, unknown): “Ogneva (2007) also provides evidence that “accruals quality” seems to be a priced risk factor after controlling for shocks to a firm‟s expected cash flows.”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “The evidence has been controversial, although more recent work is generally supportive of a negative relation even using two-stage cross-sectional regressions (Core et al., 2008; Kim and Qi, 2010; Ogneva, 2012).”