Qualifying Special Items: An Identification and Examination of Lower-Quality versus Higher-Quality Income-Decreasing Special Items

@inproceedings{Cain2014QualifyingSI,
  title={Qualifying Special Items: An Identification and Examination of Lower-Quality versus Higher-Quality Income-Decreasing Special Items},
  author={Carol Anilowski Cain and Kalin S. Kolev and Sarah McVay},
  year={2014}
}
  • Carol Anilowski Cain, Kalin S. Kolev, Sarah McVay
  • Published 2014
  • Economics, Business
  • The frequency of special items has increased dramatically over time, both because of the underlying economics of firms, but also because of inappropriate misclassification of recurring expenses as non-recurring. Building on prior research, we propose a method to identify the higher- and lower-quality components of special items. We find that approximately two-thirds of the magnitude of the reported special items reflects appropriately classified, economically driven, transitory items that are… CONTINUE READING

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