Information Content of Non-GAAP Earnings of Cross-Listed Companies
Description:
To supplement earnings reported under generally accepted accounting principles (GAAP), public companies often voluntarily report alternative measures of earnings called non-GAAP earnings (NGE). These companies assert that NGE exclude the effect of non-recurring transactions, thereby helping users of financial information to better assess the company's past performance and prospects. Because NGE measures are not well defined, managers can exploit the inherent discretion in calculating NGE to mis…
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Date:
May 2018
Creator:
Adhikari, Subash
Partner:
UNT Libraries