東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back to Search results for [ null ]

Switch To: Labeled | MARC Mode | ISBD

Measuring managerial optimism and op...

Lee, Hakyin.

Linked to FindBook

Google Book

Amazon

博客來

Measuring managerial optimism and opportunism using non-GAAP earnings disclosure.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Measuring managerial optimism and opportunism using non-GAAP earnings disclosure./
Author:	Lee, Hakyin.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2012,
Description:	78 p.
Notes:	Source: Dissertations Abstracts International, Volume: 74-05, Section: A.
Contained By:	Dissertations Abstracts International74-05A.
Subject:	Studies. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3541718
ISBN:	9781267684547

Measuring managerial optimism and opportunism using non-GAAP earnings disclosure.
Lee, Hakyin.

Measuring managerial optimism and opportunism using non-GAAP earnings disclosure. - Ann Arbor : ProQuest Dissertations & Theses, 2012 - 78 p.

Source: Dissertations Abstracts International, Volume: 74-05, Section: A.

Thesis (Ph.D.)--City University of New York, 2012.

This item is not available from ProQuest Dissertations & Theses.

In this dissertation, I propose and validate new measures of managerial optimism and opportunism using firms' non-GAAP earnings disclosures. I estimate the magnitude of managerial optimism versus opportunism using firm-level time-series regressions of non-GAAP exclusions on GAAP earnings and evaluate both the construct and criterion-related validity of these measures. I find that the non-GAAP earnings based measure of optimism is positively correlated with optimistic and point management earnings forecasts, and CEOs' delays in option exercising, while the measure of opportunism is positively correlated with the propensity to meet/beat analyst forecasts. These results provide evidence of construct validity. The measures also perform as expected in predicting firms' financial reporting, capital structure, and investment decisions, which provides criterion-related validity. Overall, these new disclosure-based representations perform well in capturing notions of managerial optimism and opportunism and offer researchers an easily-estimated, widely-available methodology for measuring these constructs.

ISBN: 9781267684547Subjects--Topical Terms:

3433795
Studies.
Subjects--Index Terms:

Disclosure

Measuring managerial optimism and opportunism using non-GAAP earnings disclosure.
LDR:02560nmm a2200433 4500 001 2278464
005 20210628075033.5
008 220723s2012 ||||||||||||||||| ||eng d
020 $a 9781267684547
035 $a (MiAaPQ)AAI3541718
035 $a (MiAaPQ)minarees:11920
035 $a AAI3541718
040 $a MiAaPQ $c MiAaPQ
100 1 $a Lee, Hakyin. $3 3556839
245 1 0 $a Measuring managerial optimism and opportunism using non-GAAP earnings disclosure.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2012
300 $a 78 p.
500 $a Source: Dissertations Abstracts International, Volume: 74-05, Section: A.
500 $a Publisher info.: Dissertation/Thesis.
500 $a Advisor: Marquardt, Carol A.
502 $a Thesis (Ph.D.)--City University of New York, 2012.
506 $a This item is not available from ProQuest Dissertations & Theses.
506 $a This item must not be added to any third party search indexes.
506 $a This item must not be sold to any third party vendors.
520 $a In this dissertation, I propose and validate new measures of managerial optimism and opportunism using firms' non-GAAP earnings disclosures. I estimate the magnitude of managerial optimism versus opportunism using firm-level time-series regressions of non-GAAP exclusions on GAAP earnings and evaluate both the construct and criterion-related validity of these measures. I find that the non-GAAP earnings based measure of optimism is positively correlated with optimistic and point management earnings forecasts, and CEOs' delays in option exercising, while the measure of opportunism is positively correlated with the propensity to meet/beat analyst forecasts. These results provide evidence of construct validity. The measures also perform as expected in predicting firms' financial reporting, capital structure, and investment decisions, which provides criterion-related validity. Overall, these new disclosure-based representations perform well in capturing notions of managerial optimism and opportunism and offer researchers an easily-estimated, widely-available methodology for measuring these constructs.
590 $a School code: 0046.
650 4 $a Studies. $3 3433795
653 $a Disclosure
653 $a Earnings
653 $a Non-GAAP earnings
653 $a Opportunism
653 $a Optimism
653 $a Overconfidence
653 $a Voluntary disclosure
690 $a 0272
690 $a 0454
710 2 $a City University of New York. $b Business. $3 1020697
773 0 $t Dissertations Abstracts International $g 74-05A.
790 $a 0046
791 $a Ph.D.
792 $a 2012
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3541718