Advancing the Field of Quantitative Finance
formerly the IAFE

Event

Event: How to Make Your Out-of-Sample Prediction More Robust in the Presence of Earnings Management
Date: March 25
Time: 5:30 pm
Location:
NY Helmsley Hotel
212 E. 42nd Street
(between 2nd & 3rd Aves)

Description: This event is presented by the Society for Quantitative Analysts.

Topic:
“How to Make Your Out-of-Sample Prediction More Robust
in the Presence of Earnings Management”

Speaker: Bjorn Jorgensen, Assistant Professor of Accounting, Columbia University
Time: 5:30 PM Registration and Cocktails / 6:00 Program
Location: NY Helmsley Hotel, 212 E. 42nd Street, between 2nd & 3rd Avenues, NYC, 3rd Floor


The pressure on company management to meet the expectations of the capital market is a major source of recent corporate governance failures, scandals, and bankruptcies. Professor Jorgensen will present recent research on how the management of earnings to meet thresholds creates discontinuities in the distribution of earnings, earnings changes, and analyst forecast errors, rendering valuation difficult.