Market misvaluation and earnings management. Evidence from Italian financial market

Raoli, Elisa (2012) Market misvaluation and earnings management. Evidence from Italian financial market. Tesi di Dottorato, LUISS Guido Carli, Department of Business and Management > PhD Program in Management (english language), tutor: Francesca Di Donato and Giovanni Fiori and Baruch Lev, p. 103. [Doctoral Thesis]

[img]
Preview
PDF (Full text) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
2068Kb
[img]
Preview
PDF (Summary) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
420Kb

Related URLs:

Abstract/Index

Classical and behavioural finance theory overview. Classical finance theory. Market Inefficiencies. Behavioural Finance Theory. Investors’ Sentiment. Stock market overvaluation and undervaluation. Earnings management. Earnings management definition. The relationship between earnings and stock market. The relation between earnings management and stock market incentives. Detecting Earnings Management. The agency theory of overvalued equity and earnings management. Empirical evidences supporting the Jensen’s agency cost of overvalued equity and earnings management. Hypothesis Development. The Italian Insider System. The Italian institutional contest. Earnings management in Italy. Sample, Data and Variables’ Description. Sample description and data gathering. Variables’ description. Dependent variable: Change in Current Accruals and Change in Discretionary Accruals. Independent variable: Change in Market to Book Ratio. Control Variables. Model Specification and Descriptive Statistics. Model Specification. Descriptive statistics. Primary test – Changes in Total Accruals as a Dependent Variable. Robustness checks. Alternative sample composition. Alternative model specification.

References

Bibliografia: pp. 88-99.

Item Type:Doctoral Thesis (PhD)
Research documents and activity classification:LUISS PhD Thesis
Divisions:Department of Business and Management > PhD Program in Management (english language)
Thesis Advisor:Di Donato, Francesca and Fiori, Giovanni and Lev, Baruch
Additional Information:Dottorato di Ricerca in Management (XXIV ciclo), LUISS Guido Carli, Roma, 2012. Relatori: Prof. Francesca di Donato, Prof. Giovanni Fiori, Prof. Baruch Lev.
Uncontrolled Keywords:Earning management. Firm's valuation. Agency cost of overvalued equity.
MIUR Scientific Area:Area 13 - Economics and Statistics > SECS-P/07 Business Administration
Deposited By:Maria Teresa Nistico
Deposited On:08 Jun 2012 14:13
Last Modified:08 Jun 2012 14:38

Repository Staff Only: item control page