主  题：The Predictive Ability of Quarterly Financial Statements

季度财务报表的预测能力

报告人：Hui Zhou  Assistant Professor , University of Melbourne

时  间：2019年7月1日下午2点

地  点：同济大厦A楼305教室

学术报告摘要:

Abstract: A fundamental role of financial reporting is to provide information useful in forecasting future cash flows. Applying up-to-date time series modelling techniques, this study provides direct evidence on the usefulness of quarterly reports in predicting the realization of future operating cash flows. Moreover, we show that the predictive gain from using quarterly data is larger for asset-heavy industries and industries with higher levels of earnings smoothness. These results help fill the gap in knowledge on quarterly financial statements and provide new insights on why the frequency of financial reporting matters. In addition, our findings have important policy implications for the ongoing debate over whether to relax or expand the existing interim reporting requirements.

报告人简介：

Hui Zhou is an Assistant Professor of Accounting at Melbourne Business School, the University of Melbourne. Hui’s current research agenda covers three areas: the intersection of accounting and corporate governance, the role of accounting information in capital markets, and stakeholder accounting. Her research has been published in leading academic journals including Accounting, Organizations & Society, Australian Journal of Management, and Review of Accounting Studies. Hui has received multiple competitive grants and research awards, including the 2018 Dean’s Award for Exceptional Distinction in Research from the Faculty of Business & Economics at the University of Melbourne. She teaches Financial Accounting and Business in Asia in both MBA and EMBA programs at Melbourne Business School. Hui holds a PhD in Accountancy from University of Illinois at Urbana-Champaign, a MS in Information Systems from University of Missouri, and the designation of Chartered Financial Analyst (CFA).