Asher Curtis

Carol Anilowski1
Richard Sansing1
1Carol Anilowski
1Richard Sansing
1Mozaffar Khan
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We examine the relation between managerial ability and earnings quality. We find that earnings quality is positively associated with managerial ability. Specifically, more able managers are associated with fewer subsequent restatements, higher earnings and accruals persistence, lower errors in the bad debt provision, and higher quality accrual estimations.(More)
  • Jonathan Lewellen, Robert J Resutek, Asher Curtis, Amy Hutton, Mozaffar Khan, Chad Larson +5 others
  • 2016
We test whether investment explains the accrual anomaly by splitting total accruals into investment-related and 'nontransaction' accruals, items such as depreciation and asset write-downs that do not represent new investment expenditures. The two types of accruals have very different predictive power for firm performance, not just for future earnings but(More)
Comments Welcome. † We gratefully acknowledge the helpful comments from two anonymous reviewers, We are grateful for financial support received for this project from AFAANZ and the Australian National University and to the NYSE and the NASDAQ for providing some of the short-interest data used in this paper. All errors remain our own responsibility.(More)
I propose a bond-specific, time-varying friction measure of round-trip liquidity costs. The measure is robust to outliers in daily bond returns and accounts for the idiosyn-cratic information behind bond trading decisions. Using transactions from January 2004 to December 2010, I find that liquidity costs display a strong correlation with credit conditions(More)
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