Reporting non-GAAP financial measures : a theoretical and empirical analysis in Europe / editado por Nicola Moscariello y Michele Pizzo.

Format:

Book

Contributor:

Moscariello, Nicola, editor.

Pizzo, Michele, editor.

Language:

English

Subjects (All):

Financial statements.

Genre:

Libros electrónicos.

Physical Description:

1 recurso en línea (417 páginas)

Edition:

1st ed.

Place of Publication:

Newcastle-upon-Tyne, England : Cambridge Scholars Publishing, 2020.

Summary:

The use of alternative performance indicators (APMs) (also known as 'Non-GAAP' earnings) is a widespread phenomenon, and the increased reliance on APMs has recently triggered a strong debate among regulators, managers and investors on the nature of these 'tailored' earnings and on the economic reasons behind them. On one hand, APMs might reflect managers' attempt to offer useful information to predict companies' future sustainable cash-flows and earnings (information hypothesis), while, on the other, the non-standardized nature of these metrics impacts on the comparability of the financial results, and reduces the reliability and the faithful representation of financial information (opportunistic hypothesis). By collecting several theoretical and empirical contributions on APMs, this book provides a number of interesting and useful insights on the economics of APMs and their impact on financial markets.

Contents:

Intro

Table of Contents

Introduction

Part I

Chapter 1

Chapter 2

Chapter 3

Part II

Chapter 4

Chapter 5

Chapter 6

Part III

Chapter 7

Chapter 8

Chapter 9

Part IV

Section A

Essay 1

Essay 2

Essay 3

Essay 4

Essay 5

Section B

Essay 6

Essay 7.

Notes:

Descripción basada en metadatos suministrados por el editor y otras fuentes.

Description based on publisher supplied metadata and other sources.

ISBN:

1-5275-4397-8

OCLC:

1183030623