Three papers on non-gaap earnings

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dc.contributorBarrett, Bruce E.
dc.contributorBuchheit, Steven R.
dc.contributorJindapon, Paan
dc.contributorStone, Mary S.
dc.contributor.advisorTaylor, Gary
dc.contributor.authorMcCoy, Christopher
dc.contributor.otherUniversity of Alabama Tuscaloosa
dc.date.accessioned2018-07-11T16:49:34Z
dc.date.available2018-07-11T16:49:34Z
dc.date.issued2018
dc.descriptionElectronic Thesis or Dissertationen_US
dc.description.abstractThis dissertation explores non-GAAP earnings reporting. The first paper investigates the role that a lack of analyst following plays in the value relevance of non-GAAP earnings. I find that firms without analyst following have non-GAAP earnings that are less value relevant than GAAP. I also find evidence of opportunism in non-GAAP reporting for firms without analysts. The second paper examines the role of opportunism in non-GAAP market reactions. We find that firms with opportunistic non-GAAP reporting avoid the market penalty for missing forecasts. However, these same firms have future performance that is more consistent with firms that miss current forecasts. This finding suggests that investors are misled by opportunism in the short-run. The third paper looks into the role that consistent or inconsistent opportunism has in market reactions to non-GAAP earnings. We provide evidence that suggests that the market incentivizes ceasing opportunistic non-GAAP earnings. We also find that individual investors have a preference for consistently non-opportunistic non-GAAP reporting. The findings of this dissertation are relevant to investors, regulator, and researchers.en_US
dc.format.extent182 p.
dc.format.mediumelectronic
dc.format.mimetypeapplication/pdf
dc.identifier.otheru0015_0000001_0002984
dc.identifier.otherMcCoy_alatus_0004D_13417
dc.identifier.urihttp://ir.ua.edu/handle/123456789/3669
dc.languageEnglish
dc.language.isoen_US
dc.publisherUniversity of Alabama Libraries
dc.relation.hasversionborn digital
dc.relation.ispartofThe University of Alabama Electronic Theses and Dissertations
dc.relation.ispartofThe University of Alabama Libraries Digital Collections
dc.rightsAll rights reserved by the author unless otherwise indicated.en_US
dc.subjectAccounting
dc.titleThree papers on non-gaap earningsen_US
dc.typethesis
dc.typetext
etdms.degree.departmentUniversity of Alabama. Culverhouse School of Accountancy
etdms.degree.disciplineAccounting
etdms.degree.grantorThe University of Alabama
etdms.degree.leveldoctoral
etdms.degree.namePh.D.
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