… : D ^ j , q = expected dividend per share for the j-th firm in the q-th quarter and D j , q = actual
dividend per share announced by the j-th … 7 if D j , q > D ^ j , q , neutral if D j , q = D ^ j , q and …

… Given sample size and data limitations, we use a variant of the unexpected accruals estimates
described in Aharony, Lin, and Loeb [1993] and Friedlan [1994]. The change in accounts …

This paper investigates whether entrepreneurs manipulate earnings in the periods prior to
taking their firms public through the choice of accounting conventions. The preponderance of …

Using a sample of 185 Chinese IPO firms listed on the Shanghai Stock Exchange during the
period 1999–2001, we show that related-party (RP) sales of goods and services could be …

… For each firm j in the portfolio in week W, the market model (eq. [1]) is estimated again over
… parameters &j and j obtained are then used to calculate residuals for each firm j over weeks …

… Estimates of β j and Var ( e ~ j ) are derived from ordinary least squares regressions of
weekly firm returns ( R ~ j w ) on weekly market returns ( R ~ m w ) using the following market …

… equity per share minus goodwill and revaluation reserves per share for firm j in fiscal year t,
… share before extraordinary items and after excluding R&D expenses for firm j in fiscal year t, …

Recent theoretical models addressed the question of the nature of bank runs and what triggers
them. Two competing hypotheses emerged: pure panic and information-based contagion…

… The authors define unexpected earnings yield, UEY,,, as the actual minus expected EPS
of firm j in quarter k, divided by the closing common stock price of firm j in quarter k - l.5 The …

We examine executive turnover following environmental, antitrust, intellectual property (IP),
and contractual lawsuits filed against their companies. We find that companies' responses to …