Reporting Non-GAAP Financial Measures
Subtitle: a Theoretical and Empirical Analysis in Europe
By: edited by Nicola Moscariello and Michele Pizzo
Publisher: Cambridge Scholars Publishing
Published: 2020
Place of publication: Newcastle upon Tyne, UK
Language: eng
Number of pages: 417
ISBN-13: 9781527543973
Subjects: Economic indicators; Economic forecasting
Description: The use of alternative performance indicators (APMs) (also known as 'Non-GAAP' earnings) is a widespread phenomenon, and the increased reliance on APMs has recently triggered a strong debate among regulators, managers and investors on the nature of these 'tailored' earnings and on the economic reasons behind them. On one hand, APMs might reflect managers' attempt to offer useful information to predict companies' future sustainable cash-flows and earnings (information hypothesis), while, on the other, the non-standardized nature of these metrics impacts on the comparability of the financial res.
Notes: Includes bibliographical references.