How investors value cash and cash flows when managers commit to providing earnings forecasts
Sign Up to like & getrecommendations! Published in 2018 at "Advances in Accounting"
DOI: 10.1016/j.adiac.2018.03.004
Abstract: Abstract Theory considers voluntary disclosure to be an important mechanism for reducing information asymmetry in the corporate setting (Bertomeu, Beyer, & Dye, 2011). Prior research on corporate cash policy suggests that investors value cash holdings… read more here.
Keywords: information; investors value; cash; cash flows ... See more keywords
Do investors value the nonfinancial disclosure in emerging markets?
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DOI: 10.1016/j.ememar.2018.05.001
Abstract: This paper studies the impact of the nonfinancial disclosure on firm value for a large sample of Indian firms, arguably emerging market with poor investor protections and legal enforcement. We proxy the nonfinancial disclosure by… read more here.
Keywords: value nonfinancial; investors value; disclosure; nonfinancial disclosure ... See more keywords
Do nonprofessional investors value the assurance of integrated reports? Exploratory evidence
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DOI: 10.1016/j.emj.2021.03.003
Abstract: Abstract Using an experimental design, this explorative study provides unique empirical evidence of the effects of an integrated reporting assurance (IRA) on nonprofessional investors’ (NPIs) financial decision-making in a laboratory experiment. For this purpose, two… read more here.
Keywords: value assurance; investors value; assurance; nonprofessional investors ... See more keywords