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Chang Zhao
Former Member
Last Name
Zhao
First name
Chang
Phone
+41 71 224 75 41
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Item type:Publication, Alternative Performance Measures - Neueste Entwicklungen und Erkenntnisse aus der internationalen Forschung.(2018) - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Non-IFRS earnings information in financial highlights of annual reports – evidence from Australia; - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Non-IFRS earnings information in financial highlights of annual reports – evidence from Australia; - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Non-IFRS earnings information in financial highlights of annual reports – evidence from Australia; - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Non-IFRS earnings information in financial highlights of annual reports – evidence from Australia(2021); ; Kang, HelenType:conference paper - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Non-IFRS earnings reporting in highlights of annual reports : evidence from AustraliaThe highlights section in the annual reports warrants a closer analysis because it allows firms to direct the readers attention to specific figures and emphasize their relative importance. Throughout my dissertation, I observe the reporting behavior of Australian firms regarding non-IFRS earnings and earnings- before measures in the highlights section and in the income statements of annual reports. I make use of my sample of the top 200 Australian firms from 2013 to 2017 to conduct descriptive as well as empirical analyses to primarily gain an understanding when firms are more likely to present non-IFRS earnings and earnings-before measures in the highlights. My results suggest that firms might use non-IFRS earnings to complement statutory net income as it might allow them to provide incremental earnings information which reflects managements view on permanent earnings. Similarly, my results also suggest that firms might use earnings-before measures to complement statutory net income as they allow for a more disaggregated and comparable view. While firms in my sample appear more likely to present non-IFRS earnings in highlights when they exceed earnings benchmarks, the same reporting behavior is found for non-IFRS earnings from audited sections. This indicates that firms might guide the readers attention to firm-specific earnings information that can be found in the audited sections and thus can be expected to have a certain level of reliability and informativeness. Finally, my results suggest that emphasizing earnings-before measures might allow for better comparability and be associated with higher analyst forecast accuracy. Taken together, there is indication that an informative motivation might be behind the reporting of earnings-before measures and non-IFRS earnings in the highlights.Type:doctoral thesis