Investors and analysts look to a company’s management forecasts to predict upcoming earnings announcements and decide whether to buy or sell its stock. Once earnings are actually reported, those forecasts become useless. Or do they?
With the economy still recovering from the burst of the housing bubble and the financial crisis, experts are combing the period before the crisis and after for all the clues that could help avoid similar economic problems in the future. According to new research, accounting numbers hold big clues to how the credit default market functions – both before and after the crisis.
Michael Kimbrough talk about his new research that looks at how investors respond to corporate news releases explaining quarterly earnings reports.
Savvy investors separate wishful thinking from meaningful facts in earnings statements
Research by Michael Kimbrough
Conference calls around merger announcements help companies gain credibility and favorably influence stock prices, but only if your CEO is well-spoken and well-prepared.
The Smith School is honored to welcome the following new faculty this fall.
Department of Management and Organization
Rajshree Agarwal, Chaired Professor in Entrepreneurship and Strategy, received her Ph.D. from the State University of New York, Buffalo.
Michael D. Kimbrough joined the Robert H. Smith School at University of Maryland in 2010 after spending eight years at Harvard Business School as a faculty member in the Accounting and Management Unit. Professor Kimbrough earned his B.A. in Economics from Washington University in St. Louis and his Ph.D. in Accounting from Indiana University in Bloomington. Prior to returning to graduate school for his doctoral studies, he worked as a certified public accountant with Price Waterhouse, where he worked with a variety of manufacturing and high-technology clients.