Essays about: "Accounting Fundamentals"

Found 5 essays containing the words Accounting Fundamentals.

  1. 1. Is Everyone Uninformed? A study of the relationship between profitability and IPO underpricing

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Niklas Willén; Jacob Jannering; [2023]
    Keywords : IPO Underpricing; IPO; Profitability; Information Asymmetry; Accounting Fundamentals;

    Abstract : In this paper, we investigate the explanatory power of profitability on IPO underpricing through the lens of information asymmetry over different time paradigms. We find that although profitability does not have an impact on IPO underpricing in general, during the time paradigm of 2001 to 2010 it has a positive significant impact- highlighting the necessity to account for variations over time. READ MORE

  3. 2. The Predictive Value of Abnormal Positive Tone in Earnings Conference Calls

    University essay from Göteborgs universitet/Graduate School

    Author : André Holmström; Haris Kovacevic; [2017-08-09]
    Keywords : qualitative disclosures; tone; earnings conference calls; market efficiency; abnormal returns; earnings information uncertainty;

    Abstract : Tone in qualitative firm disclosures has increasingly caught the academic in-terest. Earnings conference calls are however a form of firm communication that largely have been overlooked in accounting research. READ MORE

  4. 3. The Predictive Value of Optimism in Letters to Shareholders

    University essay from Göteborgs universitet/Graduate School

    Author : Axel Benjaminson; Jonas Vesterinen; [2017-08-08]
    Keywords : Accounting; Optimism; Letter to Shareholders; Predictive Value; Impression Management; DICTION;

    Abstract : In this study, we investigate the predictive value of optimism expressed in letters to shareholders. We explore if optimism in these letters can be used to predict the future performance of 457 firms traded on the NYSE. To measure future performance, we use six different performance measures. READ MORE

  5. 4. Measuring Swedish Investor Sentiment and its Effect on Stock Market Response to Earnings News

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Samuel Sjöström; Carl Magnus Lindblom; [2013]
    Keywords : Investor sentiment; Earnings response; Swedish capital markets; Efficient market hypothesis; Behavioral finance;

    Abstract : The purpose of this thesis is to examine whether the Swedish stock market reacts differently to earnings announcements during periods of high investor sentiment than during periods of low investor sentiment. We define investor sentiment as investor beliefs about future cash flows or discount rates not supported by prevailing economic and financial fundamentals. READ MORE

  6. 5. A Comparative Study of Models to Reveal Earnings Management : At Stockholm Exchange Market from year 2000-2009

    University essay from Institutionen för ekonomi och företagande

    Author : Hedström Anders; Tounkara Shekou; [2011]
    Keywords : Discretionary accruals; Earnings management; Positive accounting theory; Agency cost;

    Abstract : Background and problem: This paper illuminates the problem with temptation of earnings management. However, there are particular disadvantages when companies use this technique because it creates an information asymmetry at the stock market. READ MORE