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Essays On Earnings Quality: Evidence From Net Share Issue, Put Option Sales, And Hedging, Jagadish Dandu Jan 2014

Essays On Earnings Quality: Evidence From Net Share Issue, Put Option Sales, And Hedging, Jagadish Dandu

Open Access Theses & Dissertations

There are three essays in this research. The main objective of the research is to extend the literature in corporate finance by investigating the quality of earnings around corporate events like net share issues, put option sales by firms on their own stock, and hedging commodities by high input cost group of firms.

The first paper is "Does Earnings Quality predicts Net Share Issuance". This paper investigates whether quality of earnings predicts net share issuance by corporations. Pontiff and Woodgate (2008) show that annual share issuance (ISSUE) measure is a better predictor of future cross-sectional returns and we use this …