Indispensable coverage of new federal regulatory reforms andfederal financial issues An essential guide covering new federal regulatory reformsand federal financial issues Financial Institutions, Valuations, Mergers and Acquisitions,Third Edition presents a new regulatory framework for...

"Indispensable coverage of new federal regulatory reforms and federal financial issuesAn essential guide covering new federal regulatory reforms and federal financial issuesFinancial Institutions, Valuations, Mergers and Acquisitions, Third Edition presents a new regulatory framework for...

We examine whether and how options trading activity curtails real activities manipulation. Using a large sample of US firms that are suspected of earnings manipulation, we document that an active options trading market significantly reduces real activities manipulation. We confirm our findings...

The market views bad-news management earnings forecasts as more credible than good-news forecasts not because good-news forecasts are biased, but rather because they are noisier than bad-news forecasts. After controlling for noise, the difference in market response disappears. Bad-news forecasts...

The market views bad-news management earnings forecasts as more credible than good-news forecasts not because good-news forecasts are biased, but rather because they are noisier than bad-news forecasts. After controlling for noise, the difference in market response disappears. Bad-news forecasts...