Discussion of "Are special items informative about future profit margins?"

Richard Frankel

doi:10.1007/s11142-009-9091-x

Discussion of "Are special items informative about future profit margins?"

Richard Frankel

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

Fairfield et al. (Rev. Account. Stud., 2009. doi: 10.1007/s11142-009-9084-9 ) explore the predictive power of current special items for future profit margins over various forecast horizons. They also provide evidence on how this predictive power varies with current core profit margins. I discuss the motivation for this research and conclude that I am unable to attach a coherent economic story to these results.

Original language	English
Pages (from-to)	237-245
Number of pages	9
Journal	Review of Accounting Studies
Volume	14
Issue number	2-3
DOIs	https://doi.org/10.1007/s11142-009-9091-x
State	Published - Sep 2009

Keywords

Earnings persistence
Forecast horizon
Special items

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10.1007/s11142-009-9091-x

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abstract = "Fairfield et al. (Rev. Account. Stud., 2009. doi: 10.1007/s11142-009-9084-9 ) explore the predictive power of current special items for future profit margins over various forecast horizons. They also provide evidence on how this predictive power varies with current core profit margins. I discuss the motivation for this research and conclude that I am unable to attach a coherent economic story to these results.",

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AB - Fairfield et al. (Rev. Account. Stud., 2009. doi: 10.1007/s11142-009-9084-9 ) explore the predictive power of current special items for future profit margins over various forecast horizons. They also provide evidence on how this predictive power varies with current core profit margins. I discuss the motivation for this research and conclude that I am unable to attach a coherent economic story to these results.

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KW - Forecast horizon

KW - Special items

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Discussion of "Are special items informative about future profit margins?"

Abstract

Keywords

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