Evidence from Analysts’ non-GAAP Forecast Performance and the Influence of Major Governmental Customers on non-GAAP Disclosure

This thesis examines the attributes of analysts' non-GAAP earnings forecasts in relation to analysts' GAAP earnings forecasts. It also considers the influence of accounting enforcement and governmental supplier status on non-GAAP earnings information. The thesis' findings document an important attribute of non-GAAP earnings, that is, mitigating the effect of restricted policy choice concurrently with the increase in the level of enforcement. Moreover, the thesis highlights the role of major customers, internal controls, and mechanisms of external monitoring on non-GAAP reporting.