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作者：Phillips, Fred
作者单位：University of Saskatchewan
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作者：Kida, Thomas E.; Moreno, Kimberly K.; Smith, James F.
作者单位：University of Massachusetts System; University of Massachusetts Amherst; Virginia Polytechnic Institute & State University
摘要：In this paper, we propose that affective reactions are integral to accounting decision contexts like capital budgeting, and that researchers must jointly consider affect and cognition to better understand accounting decision makers' behavior. We argue that interpersonal relationships are characteristic of many capital-budgeting contexts, and that these relationships can lead to emotional affective reactions. For example, reactions such as frustration and anger may result if a manager is treate...
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作者：Zhang, Guochang
作者单位：Hong Kong University of Science & Technology
摘要：Both private information production by market traders and public disclosure by firms contribute to dissemination of financial information in the capital market. However, the motives and economic consequences of the two are quite different. In general, private information production is intended by investors to increase their trading profit, which has the effect of widening the information gap between informed and uninformed investors and increasing the firm's cost of capital. On the other hand,...
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作者：Wong, Jilnaught; Wong, Norman
作者单位：University of Auckland
摘要：This paper examines how managers in New Zealand allocate the cost of firms' investments in subsidiaries between net tangible assets and acquired goodwill. We find a negative relation between acquired goodwill and leverage. This could be interpreted as the result of managers of highly leveraged acquiring firms opportunistically allocating a lower portion of the acquisition price to acquired goodwill. However, this analysis, like much of the research on accounting choice, suffers from an omitted...
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作者：Braun, Karen Wilken
作者单位：University System of Georgia; University of Georgia
摘要：While professional standards indicate that auditors have the responsibility to both detect and report material errors, empirical evidence shows that auditors waive approximately 50 percent of material errors (Wright and Wright 1997). Unlike prior research that has examined factors that may affect auditors' decisions to waive single material misstatements, the current study examines auditors' propensity to waive proposed adjusting journal entries (henceforth PAJEs) that exceed materiality, eith...
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作者：Ohlson, James A.
作者单位：New York University
摘要：This paper revisits Ohlson 1995 to make a number of points not generally appreciated in the literature. First, the residual income valuation (RIV) model does not serve as a crucial centerpiece in the analysis. Instead, RIV plays the role of condensing and streamlining the analysis, but without any effect on the substantive empirical conclusions. Second, the concept of other information in the model can be given concrete empirical content if one presumes that next-period expected earnings are o...
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作者：Dhaliwal, Dan S.
作者单位：University of Arizona
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作者：Lundholm, Russell J.; O'Keefe, Terrence B.
作者单位：University of Michigan System; University of Michigan; University of Oregon; University of Queensland
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作者：Penman, Stephen H.
作者单位：Columbia University
摘要：A claim is commonly made that cash flow and accrual accounting methods for valuing equities must always yield equivalent valuations. A recent paper by Lundholm and O'Keefe 2001, for example, claims that, because of this equivalence, there is nothing to be learned from empirical comparison of valuation models. So they dismiss recent research that has shown that accrual accounting residual income models and earnings capitalization models perform, over a range of conditions, better than cash flow...
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作者：Thornton, Daniel B.
作者单位：Queens University - Canada; U.S. Securities & Exchange Commission (SEC)
