Is comprehensive income superior to net income as a measure of firm performance?

Article Abstract:

There exists little evidence linking comprehensive income with market value. The issue of superiority between comprehensive income and net income as firm performance measurement instruments arose from the issuance by the FASB of the new Statement of Financial Accounting Standards (SFAS no. 130). The new SFAS requires companies to include a report of comprehensive income in their primary financial statements to be submitted to the government for assessment and measurement of firm performance.

Public Finance Activities, Corporate Income Taxes, Laws, regulations and rules, Financial Accounting Standards Board, Consolidated financial statements

---

Voluntary disclosures and insider transactions

Article Abstract:

A study demonstrated that managers more frequently trade in their own companies' shares after management earnings forecasts than at other times. Insider transaction concentrated after management earnings forecast are linked to subsequently abnormal stock returns. The findings generally suggest that managers exploit private information when making insider transactions but do so in subtle ways. Results have implications for other research on insider transaction activity.

Research, Economic aspects, Executives, Insider trading in securities, Insider trading (Securities), Corporate officers

---

Management communications with securities analysts

Article Abstract:

Firms and securities analysts are found to benefit both with corporate presentations. Firms increase analysts following while analysts gain information to increase accuracy and quality of forecasts. Abnormal returns are also observed during presentation dates with reactions larger for underprices stocks. There are also no notable differences in the quality of advisers' pre-announcement and post-announcement forecasts.

Investment advice, Investment Advisory Services, Usage, Investment advisers, Business communication

Similar abstracts:

• Abstracts: Recent trends in foreign direct investment. Salient features of international markets in early 1996. Special features: recent trends in foreign direct investment
• Abstracts: Chinese shares dominate new issues. The lure of the imperfect market
• Abstracts: Euro preparation becomes paper tiger. The great escape
• Abstracts: A neural network approach to the prediction of going concern status
• Abstracts: Does EVA beat earnings? Evidence on association with stock returns and firm values. Teams, repeated tasks, and implicit incentives

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.