Business Commons^™

The Puzzle Of Negative Association Of Earnings Quality With Corporate Performance: A Finding From Chinese Publicly Listed Firms, Shiguang Ma

Faculty of Business - Papers (Archive)

Introduction

- Earnings management - Accounting data management. - Real earnings management.

- Earnings quality - Financial statement accurately and unbiased reports corporate operating status and financial position. - Earnings quality as the degree to which earnings persists or sustains into next period.

- Corporate performance - Low earnings quality leads to low corporate performance. - Theoretically approved, but empirical evidences are not consistent.

- The Puzzle of Negative Association of Earnings Quality with Corporate Performance in China - Probably, it is rational in an emerging market.

Mutual Fund Ownership, Firm Specific Information, And Firm Performance: Evidence From China, Wenhua Sharpe, Gary Tian, Hong Feng Zhang

Faculty of Business - Papers (Archive)

This paper shows empirically that the positive association between mutual fund ownership and firm value in China is mainly driven by the informed trading of mutual funds. Utilizing the unique short term feature of mutual fund holdings for the period from 2001 to 2010, we provide an informational link between a decomposed component of market-to-book ratio (firm specific valuation component) and mutual fund holdings. Specifically, we find that firms with a higher level of mutual fund ownership are associated with a higher specific value. Moreover, the positive association between the specific value of a firm and mutual fund ownership is …

Performance Of Automakers In China And India: An Empirical Investigation Using Ratio Analysis, Ying Deng, Anura De Zoysa, Shyam Bhati

Faculty of Business - Papers (Archive)

Automakers in China and India are continually increasing their shares of the automobile market by adopting cost leadership strategy. In this study, we examine the operational and financial performance of automobile firms in China and India through a range of accounting ratios. This analysis provides a snap shot of operating and financial performance of Chinese automakers in comparison to one of their main competitors, India. The results of the analysis suggests that despite the public view that Indian automakers are posing serious challenge to Chinese automaker in recent years on the cost competitiveness, Chinese automakers have shown continuous improvement in …

An Evaluation Of The World's Major Airlines' Technical And Environmental Performance, Amir Arjomandi, Juergen Seufert

Faculty of Business - Papers (Archive)

Abstract presented at the 26th European conference on operational research, 1-4 July 2013, Rome, Italy

An Evaluation Of The World's Major Airlines' Technical And Environmental Performance, Amir Arjomandi, Juergen Seufert

Faculty of Business - Papers (Archive)

This study is the first to use bootstrapped data envelopment analysis (DEA) models under variable returns to scale in order to examine both the environmental and technical efficiency of airlines. Using the regional classification of the International Air Transport Association (IATA), we chose 48 of the world's major full-service and low-cost carriers from six different regions, and then estimated their performance over the period 2007- 2010. Our empirical results show that many of the most technically efficient airlines are from China and North Asia, while many of the most environmentally efficient airlines are from Europe. We also found that although …