Eleanor Wiske Dillon University of Michigan Dissertation Abstract Three Essays on Career and Education Choices Chapter 1: “Risk and Return Tradeoffs in Lifetime Earnings” (JMP) There is a tradeoff between risk and expected earnings across occupations. Virtually all occupations require workers to invest in specific skills that tie them to that occupation‚ but workers face uncertainty about how much they can earn over a lifetime of that type of work. Rational‚ risk-averse workers will require
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LEARNING AND EARNING: WORKING IN COLLEGE JONATHAN M. ORSZAG PETER R. ORSZAG DIANE M. WHITMORE C OMMISSIONED BY UPROMISE‚ INC. AUGUST 2001 1 Executive Summary Students are increasingly likely to work while in college. Since 1984‚ the fraction of college students aged 16 to 24 who also work full- or part-time has increased from 49 to 57 percent. Not only are students more likely to work today‚ but they are more likely to work full-time: the share of students working full-time while going
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CFA Institute What Determines Price-Earnings Ratios? Author(s): William Beaver and Dale Morse Source: Financial Analysts Journal‚ Vol. 34‚ No. 4 (Jul. - Aug.‚ 1978)‚ pp. 65-76 Published by: CFA Institute Stable URL: http://www.jstor.org/stable/4478160 Accessed: 12/06/2010 17:20 Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR’s Terms and Conditions of Use provides‚ in part
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“How do earnings numbers relate to stock returns?” By D. Craig Nichols and James M. Wahlen Written by Tra My Nguyen Student ID 24458 Submission date 27 March 2014 Submitted to Mr John Mulenga Financial Statement Analysis Module Review’s layout: I. Main contribution the research paper II. Summary of the findings Research Paper Review The research paper summarized the theory and empirical evidence on the relationship between accounting earnings of a firm and its stock returns
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implications for related research in areas of accounting and finance‚ Time series behaviour of earnings is crucial for empirical studies (Beaver 1970). Issues regarding Income smoothing‚ the relative forecast ability of alternative income measurements‚ and interim reporting‚ were discussed by Beaver (1970: pp. 62). These studies share mutual reliance upon a knowledge of the process creating accounting earnings‚ despite representing a comprehensive spectrum of predictive contexts (Beaver 1970). When
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CHAPTER 1 1.1 INDUSTRY PROFILE 1.1.1 About this Industry: Finance and Share Market. [pic] 1.1.2 BSE • The Bombay Stock Exchange (BSE) (formerly‚ The Stock Exchange‚ Bombay) is a stock exchange is the oldest stock exchange in Asia. • The equity market capitalization of the companies listed on the BSE wasUS$1.63 trillion as of December 2010‚ making it the 4th largest stock exchange in Asia and the 8th largest in the world. • The BSE has the largest number of listed
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The Effect of SOX Section 404: Costs‚ Earnings Quality‚ and Stock Prices Introduction The Securities and Exchange Commission (SEC) Responsible for the application of the law THE SARBANES–OXLEY ACT (SOX) was passed in 2002 after a string of high profile corporate scandals. The law’s main goal was to improve the quality of financial reporting and to increase investor confidence‚ which requires companies to put in place and periodically test procedures that monitor the internal systems ensuring accurate
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2014 Real and Accrual Based Earnings Management 1.1 Introduction The most important item in the financial statements of a company is earnings. Earnings indicate the amount of value-added activities a company has engaged in over a period of time‚ as well as assist in the direction of resource allocation in capital markets. Just as the eyes are the window to the soul‚ earnings are the window to a company’s value. Increasing earnings represent an increasing company value‚ while the opposite can be
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1468-5957.2006.00621.x The Long-Term Price-Earnings Ratio Keith Anderson and Chris Brooks∗ Abstract: The price-earnings effect has been thoroughly documented and is the subject of numerous academic studies. However‚ in existing research it has almost exclusively been calculated on the basis of the previous year’s earnings. We show that the power of the effect has until now been seriously underestimated due to taking too short-term a view of earnings. Looking at all UK companies since 1975‚ using
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Empirical Literature on Earnings and Economic Value Added (EVA) in Explaining Stock Market Returns. Which Performance Measure is More Value Relevant in the Athens Stock Exchange (ASE)? Dimitrios Maditinos*‚ Željko Šević**‚ and Nikolaos Theriou* *TEI of Kavala‚ Greece‚ Department of Business Administration **University of Greenwich Business School‚ Department of Accounting and Finance Abstract The aim of this study is (a) to present the empirical research to date on earnings and EVA and (b)
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