Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida Ali, A., A. Klein and J. Rosenfeld. 1992. Analysts’use of information about permanent and transitory earnings components in forecasting annual EPS. The Accounting Review (January): 183-198. (JSTOR link). Arnold, D. F. and T. E. Humann. 1973. Earnings per share: An empirical test of the market parity and the investment value methods. The Accounting Review (January): 23-33. (JSTOR link). Balsam, S. and R. Lipka. 1998. Share prices and alternative measures of earnings per share. Accounting Horizons (September): 234-249. Barlev, B. 1983. Contingent equity and the dilutive effect on EPS. The Accounting Review (April): 385-393. (JSTOR link). Barth, M. E., T. B. Bell, D. W. Collins, G. M. Crooch, J. A. Elliot, T. J. Flecka, E. A. Imhoff, Jr. W. R. Landsman and R. G. Stephens. 1994. AAA’s Financial Accounting Standards Committee reports. Response to the FASB prospectus “Earnings per share”. Accounting Horizons (June): 111-113. Bens, D. A., V. Nagar, D. J. Skinner and M. H. F. Wong. 2003. Employee stock options, EPS dilution, and stock repurchases. Journal of Accounting and Economics (December): 51-90. Berenson, A. 2003. The Number: How the Drive for Quarterly Earnings Corrupted Wall Street and Corporate America. Random House. (“More than any other number, earnings per share determines whether a company’s shares will rise or fall, whether its chief executive will be rewarded or fired, whether it will build a new headquarters or endure a round of layoff. On Wall Street, a place of little subtlety, earnings per share is known as “the number”. Earnings per share is the number that counts. Too bad it’s a lie.” Berenson. 2003. The Number, p. xxviii). Biddle, G. C. 1988. Discussion of “Inventory accounting and earnings/price ratios: A puzzle”. Contemporary Accounting Research 5(1): 389-396. Bierman, H. Jr. and E. Liu. 1968. The computation of earnings per share. The Accounting Review (January): 62-67. (JSTOR link). Bird, F. A. and P. A. Jones. 1970. A decision-tree approach to earnings per share. The Accounting Review (October): 779-783. (JSTOR link). Cheung, J. K. 1992. An option-theoretic argument favoring EPS dilution over holding gain/loss. Accounting Horizons (June): 86-89. Choi, J., L. A. Myers, Y. Zang and D. A. Ziebart. 2011. Do management EPS forecasts allow returns to reflect future earnings? Implications for the continuation of management’s quarterly earnings guidance. Review of Accounting Studies 16(1): 143-182. Collingwood, H. 2001. The earnings game: Everyone plays, nobody wins. Harvard Business Review (June): 65-74. (Summary). Coughlan, J. W. 1988. Anomalies in calculating earnings per share. Accounting Horizons (December): 80-88. Coughlan, J. W. 1991. Fully diluted arithmetic. Management Accounting (October): 45-49. (Related to earnings per share). Coughlan, J. W. 1997. ESOs and EPS. Accounting Horizons (March): 25-38. (ESOs refers to employee stock options). Das, S. and H. Zhang. 2003. Rounding-up in reported EPS, behavioral thresholds, and earnings management. Journal of Accounting and Economics (April): 31-50. Das, S. and S. M. Saudagaran. 2002. Accuracy of analysts’ earnings forecasts: A comparison of non-U.S. cross-listed firms and U.S. multinationals. Journal of International Accounting Research (1): 61-74. Das, S., C. B. Levine and K. Sivaramakrishnan. 1998. Earnings predictability and bias in analysts’ earnings forecasts. The Accounting Review (April): 277-294. (JSTOR link). Dechow, P. M. and H. You. 2012. Analysts’ motives for rounding EPS forecasts. The Accounting Review (November): 1939-1966. Englard, B. 2009. Changes proposed under the FASB exposure draft on earnings per share. The CPA Journal (May): 42-45. Frankfurter, G. and B. Horwitz. 1972. The effects of Accounting Principles Board Opinion No. 15 on earnings per share: A simulation study. The Accounting Review (April): 245-259. (JSTOR link). Harwell, J. L., W. S. Nichols, III and S. D. Steffler. 1974. Recent developments in the presentation of earnings per share. The Accounting Review (October): 852-853. (JSTOR link). Huang, R., C. A. Marquardt and B. Zhang. 2014. Why do managers avoid EPS dilution? Evidence from debt-equity choice. Review of Accounting Studies 19(2): 877-912. Huefner, R. J. 1972. Accounting system for earnings per share. Management Accounting (March): 29-35. Jorgensen, B. N., Y. G. Lee and S. Rock. 2014. The shapes of scaled earnings histograms are not due to scaling and sample selection: Evidence from distributions of reported earnings per share. Contemporary Accounting Research 31(2): 498-521. Laing, G. and K. Dunbar. 2015. EVAв„ў, EPS, ROA and ROE as measures of performance in Australian banks: A longitudinal study. Journal of Applied Management Accounting Research (Winter): 41-48. Larcker, D. F. 2003. Discussion of вЂњemployee stock options, EPS dilution, and stock repurchasesвЂќ. Journal of Accounting and Economics (December): 45-49. Lee, C. J. 1988. Inventory accounting and earnings/price ratios: A puzzle. Contemporary Accounting Research 5(1): 371-388. Mahoney, J. J. 1970. Earnings per share and the insensitive denominator. Management Accounting (July): 15-20. Marquardt, C. A. and C. I. Wiedman. 2007. Economic consequences of financial reporting changes: Diluted EPS and contingent convertible securities. Review of Accounting Studies 12(4): 487-523. Martin, G. W. and B. P. McAllister. 2014. Sometimes doing nothing really is better. Strategic Finance (October): 40-46. (Reducing earnings per share dilution from exercised stock options). Mautz, R. D. Jr. and T. J. Hogan. 1989. Earnings per share reporting: Time for an overhaul? Accounting Horizons (September): 21-27. Miller, P. B. W., G. Martin and P. R. Bahnson. 2012. A penny for your thoughts: Sizing up manipulative EPS rounding. Strategic Finance (July): 35-39. Ohlson, J. A. and B. E. Juettner-Nauroth. 2005. Expected EPS and EPS growth as determinants of value. Review of Accounting Studies 10(2-3): 349-365. Parker, J. E. and B. E. Cushing. 1971. Earnings per share and convertible securities: A utilitarian approach. Abacus 7(1): 29-38. Penman, S. H. 2005. Discussion of вЂњOn accounting-based valuation formulaeвЂќ and вЂњExpected EPS and EPS growth as determinants of valueвЂќ. Review of Accounting Studies 10(2-3): 367-378. Rice, S. J. 1978. The information content of fully diluted earnings per share. The Accounting Review (April): 429-438. (JSTOR link). Spacek, L. 1969. Umpiring the earnings per share results. Management Accounting (March): 9-14. Wiseman, D. E. 1990. Holding loss/gain as an alternative to EPS dilution. Accounting Horizons (December): 18-34. Wiseman, D. E. 1992. Reply to “An option-theoretic argument favoring EPS dilution over holding gain/loss”. Accounting Horizons (June): 90-93.
Provided by James R. Martin, Ph.D., CMA
Earnings per share