earnings management

Fair Value Accounting Impedes Performance Evaluation
DEFOND, Mark | HU, Jinshuai | HUNG, Mingyi | LI, Siqi

“Fair value” is a gold standard in valuation, but there is no consensus on its usefulness in other areas, such as evaluating management performance. HKUST’s Mingyi Hung and her colleagues settle this dispute in i ...

Firms’ Information Environment: Implications for Investors’ and Managers’ Decisions
HANN, Rebecca N. | KIM, Heedong | ZHENG, Yue

An earnings announcement – a public statement of a company’s profitability, usually issued on a quarterly basis – provides useful information to assess peer firms’ expected cash flows, as well as the uncert ...

The Benefits of Short-selling

Short sellers have been known to uncover companies that engage in financial. Indeed, several activist short sellers like Muddy Waters Research and Citron Research make a name for themselves by proactively targeting fraudsters, bri ...