A Deep Dive Into Earnings Quality with Columbia Professor Doron Nissim
Excess Returns
00:00
What's a Red Flag for Manipulating Earnings?
The value multiple tells you something about the likelihood of earnings manipulation. The number one red flag is actually the strength of the corporate governance. Weak corporate governance that will change for me, big red flag. You can still have volatility in reported revenue earnings quality. Do you think it could ever be quantified or modeled out? What are your thoughts on that quantitative model? Or maybe like 80% of the way there with a quantitative model?
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