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Does the Content of Pro Forma Earnings Influence Nonprofessional Investors?
Journal article

Does the Content of Pro Forma Earnings Influence Nonprofessional Investors?

Robert Lee and Anthony Curatola
Management accounting quarterly, Vol.18(4)
22 Jun 2017

Abstract

Accounting Accounting irregularities Corporate profits Earnings Initial public offerings Investments Pro forma financial statements Profitability Studies
This study examines the reactions of nonprofessional investors to pro forma earnings content, a timely and important topic given the recent high-profile cases involving alleged manipulation of pro forma content in IPO and publicly traded firms.

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