The Informativeness of Balance Sheet Disaggregations: Evidence from Forecasting Operating Assets
References
- (2011) Modeling discretionary accrual reversal and the balance sheet as an earnings management constraint. Accounting Rev. 86(4):1189–1212.Crossref, Google Scholar
- (2016) Have financial markets become more informative? J. Financial Econom. 122(3):625–654.Crossref, Google Scholar
- (1998) Revalued financial, tangible, and intangible assets: Associations with share prices and non-market-based value estimates. J. Accounting Res. 36(Supplement):199–233.Crossref, Google Scholar
- (2002) The balance sheet as an earnings management constraint. Accounting Rev. 77(s-1):1–27.Crossref, Google Scholar
- (2024) Breaking it down: Economic consequences of disaggregated cost disclosures. Management Sci. 70(3):1374–1393.Link, Google Scholar
- (2014) Understanding and forecasting aggregate and disaggregate price dynamics. Empir. Econom. 46(2):765–788.Crossref, Google Scholar
- (1990) Evidence that stock prices do not fully reflect the implications of current earnings for future earnings. J. Accounting Econom. 13(4):305–340.Crossref, Google Scholar
- (2020) Disclosure processing costs, investors’ information choice, and equity market outcomes: A review. J. Accounting Econom. 70(2–3):1–46.Crossref, Google Scholar
- (2011) Disagreement and the cost of capital. J. Accounting Res. 49(1):41–68.Crossref, Google Scholar
- (1998) The influence of institutional investors on myopic R&D investment behavior. Accounting Rev. 73(3):305–333.Crossref, Google Scholar
- (2003) The level and persistence of growth rates. J. Finance 58(2):643–684.Crossref, Google Scholar
- (2015) A new measure of disclosure quality: The level of disaggregation of accounting data in annual reports. J. Accounting Res. 53(5):1017–1054.Crossref, Google Scholar
- (2022) Measuring accounting asset informativeness. Accounting Rev. 97(4):209–236.Crossref, Google Scholar
- (2013) Does fair value accounting for non-financial assets pass the market test? Rev. Account. Stud. 18(3):734–775.Crossref, Google Scholar
- (2003) Investor sophistication and the mispricing of accruals. Rev. Accounting Stud. 8:251–276.Crossref, Google Scholar
- (2008) Asset growth and the cross-section of stock returns. J. Finance 63(4):1609–1651.Crossref, Google Scholar
- (2002) The quality of accruals and earnings: The role of accrual estimation errors. Accounting Rev. 77(s-1):35–59.Crossref, Google Scholar
- (2011) Cash flow patterns as a proxy for firm life cycle. Accounting Rev. 86(6):1969–1994.Crossref, Google Scholar
- (2014) Disaggregating operating and financial activities: Implications for forecasts of profitability. Rev. Account. Stud. 19(1):328–362.Crossref, Google Scholar
- (2001) Using asset turnover and profit margin to forecast changes in profitability. Rev. Accounting Stud. 6(4):371–385.Crossref, Google Scholar
- (2009) Do industry‐level analyses improve forecasts of financial performance? J. Accounting Res. 47(1):147–178.Crossref, Google Scholar
- (1996) Accounting classification and the predictive content of earnings. Accounting Rev. 71(3):337–355.Google Scholar
- (2003) Accrued earnings and growth: Implications for future profitability and market mispricing. Accounting Rev. 78(1):353–371.Crossref, Google Scholar
- (1995) Valuation and clean surplus accounting for operating and financial activities. Contemporary Accting. Res. 11(2):689–731.Crossref, Google Scholar
- Financial Accounting Standards Board (FASB) (2016) Conceptual framework for financial reporting, FASB, Norwalk, CT.Google Scholar
- (2002) Expanded disclosures and the increased usefulness of earnings announcements. Accounting Rev. 77(3):515–546.Crossref, Google Scholar
- (2003) Idiosyncratic risk matters! J. Finance 58(3):975–1007.Crossref, Google Scholar
- (2016) … and the cross-section of expected returns. Rev. Financial Stud. 9(1):5–68.Crossref, Google Scholar
- (2021) Is all disaggregation good for investors? Evidence from earnings announcements. Rev. Account. Stud. 26(2):520–558.Crossref, Google Scholar
- (2012) Does enhanced disclosure really reduce agency costs? Evidence from the diversion of corporate resources. Accounting Rev. 87(1):199–229.Crossref, Google Scholar
- International Accounting Standards Board (IASB) (2018) Conceptual framework for financial reporting. IASB, London.Google Scholar
- (2009) Do firms manage fair value estimates? An examination of SFAS 142 goodwill impairments. Bus. Finance Accounting 36(9–10):1059–1086.Crossref, Google Scholar
- (1995) Differential interpretation of public signals and trade in speculative markets. J. Political Econom. 103(4):831–872.Crossref, Google Scholar
- (2004) How informed are actively trading institutional investors? Evidence from their trading behavior before a break in a string of consecutive earnings increases. J. Accounting Res. 42(5):895–927.Crossref, Google Scholar
- (2005) Do institutional investors exploit the post-earnings announcement drift? J. Accounting Econom. 39(1):25–53.Crossref, Google Scholar
- (2006) An analysis of the theories and explanations offered for the mispricing of accruals and accrual components. J. Accounting Res. 44(2):297–339.Crossref, Google Scholar
- (1994) Contrarian investment, extrapolation, and risk. J. Finance 49(5):1541–1578.Crossref, Google Scholar
- (2013) Non-discretionary conservatism: Evidence and implications. J. Accounting Econom. 56(2, Supplement 1):112–133.Crossref, Google Scholar
- (2017) Has goodwill accounting gone bad? Rev. Account. Stud. 22(2):964–1003.Crossref, Google Scholar
- (2001) Ratio analysis and equity valuation: From research to practice. Rev. Accounting Stud. 6(1):109–154.Crossref, Google Scholar
- (2013) The other side of value: The gross profitability premium. J. Financial Econom. 108(1):1–28.Crossref, Google Scholar
- (1992) Disaggregated accounting data as explanatory variables for returns. J. Accounting Audit. Finance 7(4):553–573.Crossref, Google Scholar
- (2012) Identifying expectation errors in value/glamour strategies: A fundamental analysis approach. Rev. Financial Stud. 25(9):2841–2875.Crossref, Google Scholar
- (2023) Goodwill impairment after M&A: Acquisition-level evidence. J. Financial Reporting 8(2):131–155.Crossref, Google Scholar
- (2008) The implications of unverifiable fair-value accounting: Evidence from the political economy of goodwill accounting. J. Accounting Econom. 45(2):253–281.Crossref, Google Scholar
- , (2005) Accrual reliability, earnings persistence and stock prices. J. Accounting Econom. 39(3):437–485.Crossref, Google Scholar
- (2004) An examination of long‐lived asset impairments. Accounting Rev. 79(3):823–852.Crossref, Google Scholar
- (1996) Do stock prices fully reflect information in accruals and cash flows about future earnings? Accounting Rev. 71(3):289–315.Google Scholar
- (2013) A new approach to predicting analyst forecast errors: Do investors overweight analyst forecasts? J. Financial Econom. 108(3):615–640.Crossref, Google Scholar
- (2008) The use of Dupont analysis by market participants. Accounting Rev. 83(3):823–853.Crossref, Google Scholar
- (2014) Why have measures of earnings quality changed over time? J. Accounting Econom. 57(2–3):196–217.Crossref, Google Scholar
- (2021) Investment styles and the multiple testing of cross-sectional stock return predictability. J. Financial Markets 56:1–24.Crossref, Google Scholar
- (2018) Life cycle models and forecasting growth and profitability. Accounting Rev. 93(6):357–381.Crossref, Google Scholar
- (2005) Accounting recognition of intangible assets: Theory and evidence on economic determinants. Accounting Rev. 80(3):967–1003.Crossref, Google Scholar

