Wednesday, April 9, 2014

The Disclosure of Non-GAAP Earnings Following Regulation G: An Analysis of Transitory Gains


We investigate how managers report one-time gains resulting from legal settlements and insurance recoveries in press releases following Regulation G. Regulation G may have had the unintended consequence of allowing managers to omit mention of these transitory gains, resulting in higher reported performance absent non-GAAP disclosure. We find that...more

No comments: