Publications

Publications

Filter Results: (1) Arrow Down

Show Results For

by Paul M. Healy, George Serafeim, Suraj Srinivasan Remove by Paul M. Healy, George Serafeim, Suraj Srinivasan →

Page 1 of 1 Result

Are you looking for?

→Search All HBS Web
  • December 2014
  • Article

Market Competition, Earnings Management, and Persistence in Accounting Profitability Around the World

By: Paul M. Healy, George Serafeim, Suraj Srinivasan and Gwen Yu
We examine how cross-country differences in product, capital, and labor market competition, and earnings management affect mean reversion in accounting return on assets. Using a sample of 48,465 unique firms from 49 countries, we find that accounting returns mean... View Details
Keywords: Corporate Performance; Valuation; Equity Valuation; Persistence; Competitive Advantage; Institutions; Earnings Management; Labor Market; Capital Markets; Competition; Profit; Performance; Supply and Industry; Financial Statements; Government and Politics; Globalized Markets and Industries
Related

Are you looking for?

→Search All HBS Web