engleski

THE SHAPE OF THE FREQUENCY DISTRIBUTIONS OF EARNINGS METRICS – EVIDENCE FROM CROATIA

The paper provides evidence on discontinuity around zero in the distribution function of reported earnings and earnings changes of companies listed on Croatian capital market. Namely, we document a significant frequency of companies reporting positive earnings while avoiding reporting losses, and unusually high frequencies of small increases in earnings. The contribution of this study can be found in the fact that it extends the existing evidence on the shapes of frequency distributions of earnings metrics around specific benchmark in alternative institutional setting.

earnings management; earnings distribution; earnings thresholds

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