Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/94411
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Accounting and Finance | en_US |
dc.creator | Jo, KM | en_US |
dc.creator | Yang, S | en_US |
dc.date.accessioned | 2022-08-15T07:11:01Z | - |
dc.date.available | 2022-08-15T07:11:01Z | - |
dc.identifier.issn | 0888-7993 | en_US |
dc.identifier.uri | http://hdl.handle.net/10397/94411 | - |
dc.language.iso | en | en_US |
dc.publisher | American Accounting Association | en_US |
dc.rights | This is the accepted manuscript of the following article: Jo, K. M., & Yang, S. (2020). SEC Comment Letters on Firms' Use of Non-GAAP Measures: The Determinants and Firms' Responses. Accounting Horizons, 34(2), 167-184, which has been published in final form at https://doi.org/10.2308/horizons-16-134. | en_US |
dc.subject | Comment letter | en_US |
dc.subject | Non-GAAP | en_US |
dc.subject | Earnings release | en_US |
dc.title | SEC comment letters on firms' use of non-GAAP measures : the determinants and firms' responses | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.spage | 167 | en_US |
dc.identifier.epage | 184 | en_US |
dc.identifier.volume | 34 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.doi | 10.2308/HORIZONS-16-134 | en_US |
dcterms.abstract | This paper explores Securities and Exchange Commission comment letters that address firms’ use of non-Generally Accepted Accounting Principles (GAAP) measures in 10-Ks, 10-Qs, and earnings releases. We investigate the determinants of firms’ receiving non-GAAP comments and the revisions to non-GAAP reporting undertaken by these recipients. Firms that experience poor GAAP performance and emphasize non-GAAP measures are more likely to receive non-GAAP comments. Recipients of non-GAAP comments are more likely than other reviewed firms to abandon non-GAAP measures in future filings. When recipients of non-GAAP comments continue to report non-GAAP measures, they provide more justifications for the use and reduce the prominence of these measures. However, higher non-GAAP earnings and GAAP earnings differentials do not appear to attract non-GAAP comments. In addition, the amount of non-GAAP exclusions does not decrease after the receipt of non-GAAP comments. Overall, our findings suggest that non-GAAP comments are effective in deemphasizing non-GAAP measures. | en_US |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | Accounting horizons, June 2020, v. 34, no. 2, p. 167-184 | en_US |
dcterms.isPartOf | Accounting horizons | en_US |
dcterms.issued | 2020-06 | - |
dc.identifier.scopus | 2-s2.0-85088516197 | - |
dc.description.validate | 202208 bcfc | en_US |
dc.description.oa | Accepted Manuscript | en_US |
dc.identifier.FolderNumber | AF-0083 | - |
dc.description.fundingSource | Self-funded | en_US |
dc.description.pubStatus | Published | en_US |
dc.identifier.OPUS | 25514180 | - |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Jo_Sec_Comment_Letters.pdf | Pre-Published version | 927.51 kB | Adobe PDF | View/Open |
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