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Quality of earnings as an investment indicator : a literature review.
Includes bibliographical references.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2014
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| _version_ | 1867613180768813056 |
|---|---|
| access_status_str | Open Access |
| author | Binneman, Jason |
| author2 | Gstraunthaler, Thomas |
| author_browse | Binneman, Jason Gstraunthaler, Thomas |
| author_facet | Gstraunthaler, Thomas Binneman, Jason |
| author_sort | Binneman, Jason |
| collection | Thesis |
| description | Includes bibliographical references. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/10172 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:00.945Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/10172 Quality of earnings as an investment indicator : a literature review. Binneman, Jason Gstraunthaler, Thomas Financial Management Includes bibliographical references. This paper examines the characteristics of earnings quality, reviews the literature that assesses whether earnings quality does in fact affect market valuations and evaluates whether trading strategies based on this knowledge yield abnormal positive returns. This paper looks at why earnings quality should be an important consideration in evaluation [of] a firm, then investigates research on the accounting effect on valuations, covering the accrual effect, the general growth effect and the value-glamour effect. Thereafter, other factors that can influence earnings quality are documented, from earnings manipulation to the effects of external factors on quality of earnings. The concept and measurement of economic profits are also examined. Lastly, trading strategies based on earnings quality are investigated to see if abnormal profits can be earned from such strategies. 2014-12-26T14:27:16Z 2014-12-26T14:27:16Z 2012 Master Thesis Masters MCom http://hdl.handle.net/11427/10172 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Binneman, Jason Quality of earnings as an investment indicator : a literature review. |
| thesis_degree_str | Master's |
| title | Quality of earnings as an investment indicator : a literature review. |
| title_full | Quality of earnings as an investment indicator : a literature review. |
| title_fullStr | Quality of earnings as an investment indicator : a literature review. |
| title_full_unstemmed | Quality of earnings as an investment indicator : a literature review. |
| title_short | Quality of earnings as an investment indicator : a literature review. |
| title_sort | quality of earnings as an investment indicator a literature review |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/10172 |
| work_keys_str_mv | AT binnemanjason qualityofearningsasaninvestmentindicatoraliteraturereview |