 Non†GAAP reporting: Evidence from academia and current practiceDirk E. Black, Theodore E. Christensen, Jack T. Ciesielski and Benjamin C. Whipple Journal of Business Finance & Accounting, 2018, vol. 45, issue 3-4, 259-294 Abstract: The number of firms reporting earnings on a non†GAAP basis has increased dramatically over the last decade, and non†GAAP reporting is now commonplace in capital markets. This proliferation of non†GAAP reporting has renewed both regulators’ and standard setters’ interests in these alternative performance metrics. For example, the SEC, FASB, and IASB have all recently questioned what this increasing reporting trend means for IFRS†and US†GAAP†based reporting and whether these measures are misleading to investors. This increasing focus on non†GAAP metrics motivates us to synthesize the nearly two decades of research on non†GAAP reporting to provide insights on what academics have learned to date about this reporting practice. Then, we utilize a novel dataset of detailed non†GAAP disclosures to provide new descriptive evidence on current trends in non†GAAP reporting and its recent proliferation. Finally, we discuss important questions for future researchers to consider in moving the literature forward. Date: 2018 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:jbfnac:v:45:y:2018:i:3-4:p:259-294 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of Business Finance & Accounting is currently edited by P. F. Pope, A. W. Stark and M. Walker More articles in Journal of Business Finance & Accounting from Wiley Blackwell |
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