Zobrazeno 1 - 10
of 18
pro vyhledávání: '"Alfred Zhu Liu"'
Publikováno v:
Accounting Horizons. 35:87-103
SYNOPSIS This study documents a stock return premium for meeting or beating management's own earnings guidance (MBMG) that is separate and distinct from the premium for meeting or beating analysts' earnings forecasts (MBAF) documented in prior litera
Publikováno v:
Journal of Accounting, Auditing & Finance. 37:352-377
This study investigates management forecast optimism and credit rating agencies’ role in disciplining opportunistic managerial disclosures in the setting of credit watch reviews. Our analysis shows that managers are generally more likely to issue e
Publikováno v:
Journal of Management Studies. 57:1437-1472
Prior research shows that a good record of corporate social responsibility (CSR) has an insurance‐like effect on shareholder value in negative events. We posit and provide empirical evidence that excessive CSR activities can also cause a boomerang
Publikováno v:
Advances in Accounting. 38:88-98
Our paper investigates whether analysts' experience mitigates their forecast over-optimism associated with high discretionary accruals. Prior literature shows that analysts' forecast optimism is associated with high total accruals and working capital
Publikováno v:
The Accounting Review. 93:267-298
We investigate whether issuers on negative credit watch manage earnings upward and whether such earnings management favorably influences the watch resolution. We find that rating, industry, and performance matched discretionary accruals reported duri
Publikováno v:
AUDITING: A Journal of Practice & Theory. 37:49-74
SUMMARY This paper examines the effect of the quality of a firm's internal control over financial reporting (ICFR) on the quality of corporate M&A decisions. We use material weaknesses in internal control (ICMWs) from SOX 404 audits as a proxy for th
Autor:
Le Sun, Alfred Zhu Liu
Publikováno v:
Journal of Accounting, Auditing & Finance. 32:271-299
Prior research documents significant negative long-term stock returns following bond-rating downgrades. Some downgraded firms are placed on credit watches before downgrades, and we find that the post-downgrade stock underperformance of such firms is
Publikováno v:
Journal of Corporate Finance. 35:329-344
We propose firm-level innovation performance to be an important determinant of corporate creditworthiness and examine this relation from the perspective of bond investors. We find that firms' default probabilities are negatively related to the quanti
Autor:
Na Dai, Alfred Zhu Liu
Publikováno v:
SSRN Electronic Journal.
We examine the roles of hedge funds in corporate financial misreporting using a unique dataset of private investments in public equity (PIPEs) transactions. We show that PIPE issuers are more likely to engage in financial misreporting when a hedge fu
Autor:
Alfred Zhu Liu
Publikováno v:
Accounting Horizons. 28:529-559
SYNOPSIS This study examines whether financial analysts and institutional investors play a disciplinary role in monitoring corporate financial reporting and disclosure. Using a sample of firms that meet or marginally beat analysts' forecasts, likely