Sökning: "Per Erik Engström"

Hittade 1 uppsats innehållade orden Per Erik Engström.

  1. 1. Meeting and Beating Earnings Expectations in the Pre- and Post Sarbanes-oxley Act Eras: Prevalence and Stock Market Reactions

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Per Erik Engström; Martin Kleman; [2008]
    Nyckelord :SOX; MBE; earnings surprise; earnings management;

    Sammanfattning : The purpose of this paper is to study whether the prevalence of, and stock price premium to, firms meeting and beating analysts’ quarterly earnings expectations has changed in the wake of new legislation, namely the Sarbanes-Oxley Act, which set forth stricter rules for companies’ accounting arguably limiting earnings management. We study earnings surprises of S&P 500 companies and find that whereas the overall MBE frequency has continued to increase slightly, the levels of the constituents of MBE have changed. LÄS MER