Impact of managerial ability and firm-specific variables on insider’s abnormal returns

The Impact of The Relationship Between Managerial Ability and Earnings Management by Classification Shifting on Transparency of Financial Reporting and Firm Value: An Empirical Evidence from The Saudi Capital Market

“…MA is interpreted as the chief executive officer or top management team's capability to efficiently translate firm resources to revenue, earnings, or firm value respectively to its sector peers (Demerjian et al,2012). MA relates to the scale that managers can appreciate a firm's economic position, business environment, and ability to carefully assess both future chances and firm performance (Arora et al, 2017). Essential skills that lead to MA are (1) Human abilities; it means the feature owned by a manager to work effectively with others.…”

“…(2) Technical abilities: they involve appropriate technological knowledge and operate technology for various tasks. (3) Conceptual abilities; it implies the ability to see the firm as a one unit and recognize the linkage between different functions in the firm, furthermore, the capability to create ideas and accomplish strategies (Arora et al, 2017). MA is seen as one of the most significant features of managers that have been the subject of recent accounting studies.…”

“…Second, management's judgment on the choice of accounting policies and methods of preparing financial reports, such as the method of depreciation and the inventory valuation method (SeTin and Murwaningsari ,2018). As a result, a manager's ability is one of the most critical factors that has been examined intensively in recent years due to the positive effects on the quality of financial reporting and the value of the firm (Arora et al 2017;García-Meca and García-Sánchez 2018). Understanding the relationship between EMBCS practices and MA is critical for at least two reasons.…”

Effect of Insider Trading on Market Efficiency

“…annual report publication. It is evident from the research performed by Arora, Sharma, & Vashisht (2017) that Swedish market does not come under semi-strong level because external personnel are not able to deduce abnormal returns based on trading patterns followed by the insiders. Another level of EMH theory is based on strong-form, which indicates private information.…”

أثر القدرة الإداریة على سلوک المحللین المالیین والقیمة السوقیة للشرکات المساهمة المصریة: دراسة اختباریة

“…Theses results may help investors and other investment decision makers to rationalize the process of making investment decisions in firms. ‫اٚدارٔخ‬ Cantrell, 2013;Demerjian et al, 2013;Davis et al, 2015;Lee, 2015;Wang et al, 2017;Baik et al, 2018;Kim and Zhang, 2018;Meca and Sanchez, 2018;Chen and Chen, 2019;Baik et al, 2020;Hasan, 2020 Arora et al, 2017;Kang, 2017;Park and Hung, 2017;Chen and Lin, 2018;Tang et al, 2018;Wang et al, 2018;Yung and Chen, 2018;Cui and Leung, 2020…”