Many investors take for granted that the earnings and other financial data that companies report provides an accurate representation of their business and its future. But the reality is that is often not the case. In this episode, we talk with Doron Nissim, who is the Ernst & Young Professor of Accounting & Finance Chair at Columbia University and one of the world's leading experts on earnings quality.

We discuss what earnings quality is, how it can be measured and evaluated and what investors can do to identify and adjust for issues with both earnings and other information reported on the financial statements of companies.

MORE ABOUT DORON AND EARNINGS QUALITY

Personal Research Website:
https://bit.ly/doron-research

Columbia:
https://www8.gsb.columbia.edu/cbs-dir...

Earnings Quality Paper:
https://papers.ssrn.com/sol3/papers.c...

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Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.

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