2期

最新文章

• The value relevance of revenue for Internet firms: Does reporting grossed-up or Barter revenue make a difference? AI翻译
  作者：Davis, AK
  作者单位：Washington University (WUSTL)
  摘要：This study provides evidence on (a) the market's response to revenue and revenue announcements, (b) the extent of the use of grossed-up and barter revenue by Internet firms, and (c) whether the value relevance of revenue differs when Internet firms report grossed-up or barter revenue. Results indicate that revenue announcements are highly associated with three-day market returns and provide information incremental to that contained in earnings announcements. The rise of grossed-up and barter r...
• The role of information and opportunism in the choice of buyer-supplier relationships AI翻译
  作者：Baiman, S; Rajan, MV
  作者单位：University of Pennsylvania; Stanford University
  摘要：An important characteristic of any buyer-supplier relationship is the amount and type of information that is exchanged between the contracting parties. Buyer-supplier networks are characterized by greater information exchange than arm's-length transactions. This enhanced information exchange allows for greater production efficiency but increases the potential for information misappropriation. In this paper we characterize the set of innovations for which each of these forms of exchange relatio...
• Discussion of the roles of performance measures and monitoring in annual governance decisions in entrepreneurial firms AI翻译
  作者：Core, JE
  作者单位：University of Pennsylvania
• Managerial actions, stock returns, and earnings: The case of Business-to-Business Internet firms AI翻译
  作者：Rajgopal, S; Venkatachalam, M; Kotha, S
  作者单位：University of Washington; University of Washington Seattle; Stanford University
  摘要：In this study we investigate the valuation implications of managerial actions undertaken by 57 Internet firms engaged in Business-to-Business (11211) e-commerce. We classify 3,007 managerial actions undertaken by our sample firms between the firm's IPO date and September 30, 2000 into nine action categories: (1) acquisition of major customers, (2) introduction of new products and services, (3) promotional and marketing actions, (4) actions taken to address the concerns of stakeholders such as ...
• High-technology intangibles and analysts' forecasts AI翻译
  作者：Barron, OE; Byard, D; Kile, C; Riedl, EJ
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University System of Ohio; University of Cincinnati; University of Alabama System; University of Alabama Huntsville
  摘要：This studY examines the association between firms' intangible asset, and properties of the information contained in analyst's earnings forecasts. We hy pothesize that analysts will supplement firms' financial information by placing greater relative emphasis oil their own private (or idiosyncratic) information which deriving their earnings forecasts for firths with significant intangible assets. Our evidence is consistent with this hypothesis. We find that the consensus in analysts' forecasts, ...
• The roles of performance measures and monitoring in annual governance decisions in entrepreneurial firms AI翻译
  作者：Engel, E; Gordon, EA; Hayes, RM
  作者单位：University of Chicago; Rutgers University System; Rutgers University New Brunswick
  摘要：This paper analyzes annual corporate governance decisions at firms making initial public offerings (IPOs) of common stock between 1996 and 1999. Our objective is to examine relations between firms' corporate governance decisions and the informativeness of available measures of managerial performance. We consider financial measures such as earnings and stock return, as well as direct monitoring. We collect a sample of IPO firms from the manufacturing, Internet, and technology (non-Internet) ind...