Resources

2 Resources for

biz.uiowa

A Reexamination of the Incremental Information Content of Capital Expenditures: "Under GAAP, recognition of the earnings impact of capital expenditures is postponed until the resulting revenues and expenses are realized. However, if current-period capital expenditures change in the profile of profits, an efficient capital market will impound the revision in current-period share prices. This suggests that unanticipated capital expenditures have...; Tags: Expenditure, Biz.uiowa, GAAP, Operational Accounting, Financial Services, Financial Accounting, Finance; White papers 1999-10-01
Earnings-Based and Accrual-Based Market Anomalies: One Effect or Two?: This paper investigates whether the accrual pricing anomaly documented by Sloan (1996) for annual data holds for quarterly data and whether this form of market mispricing is distinct from the post-earnings announcement drift anomaly. We find that the market appears to overestimate underestimate the persistence of the accrual cash flow...; Tags: Cash Flow, Earnings, Accrual, Biz.uiowa, Operational Accounting, Finance; White papers 1999-05-25