The goal of this diploma thesis "Aggressive earnings management in publicly traded companies and its impact on share prices" is to connect an interesting topic of earnings management, which is part of a wider group -- financial fraud, with specific impact on the capital market. This thesis includes identification and quantification of the impact on a well known case of corporate fraud -- Enron. First part of the thesis describes and discusses the topic earnings management including its definition, motivation, tests, connected risk and legislation. Second part discusses share valuation techniques -- relative and absolute methods, which will be used in the last part. Last part of the thesis, using the well known case of earnings management -- Enron, quantifies the extent of earnings management, its impact on share prices and total damages caused to investors.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:17097 |
| Date | January 2009 |
| Creators | Sysel, Vladimír |
| Contributors | Veselá, Jitka, Musílek, Petr |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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