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作者：Phillips, Fred
作者单位：University of Saskatchewan
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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：Thornton, Daniel B.
作者单位：Queens University - Canada; U.S. Securities & Exchange Commission (SEC)
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作者：Bandyopadhyay, Sati P.; Kao, Jennifer L.
作者单位：University of Waterloo; University of Alberta
摘要：The 1991 amendment to the auditor appointment requirement of section 86 of the Ontario Municipal Act removes certain barriers to entry into the Ontario municipal audit market. The purpose of this study is to provide evidence that the amendment has enhanced competition in this market. The results indicate that there is a general reduction in the real municipal audit fees compared with the pre-amendment levels, and that the market has become more contestable following the amendment. Notwithstand...
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作者：Sridhar, Sri S.; Magee, Robert P.
作者单位：Northwestern University
摘要：This paper examines the effects of disclosure and recognition requirements on investment decisions when shareholders have limited liability. Firms' investment projects have either high initial pollution prevention costs or high subsequent clean-up costs, and their liability for clean-up costs may be either individual or joint and several. Even with individual liability for clean-up costs, shareholders' limited liability creates an incentive to select the latter project type and to impose costs...
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作者：Hand, John R. M.
作者单位：University of North Carolina; University of North Carolina Chapel Hill
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作者：Sridhar, Sri S.; Magee, Robert P.
作者单位：Northwestern University
摘要：This paper examines the effects of disclosure and recognition requirements on investment decisions when shareholders have limited liability. Firms' investment projects have either high initial pollution prevention costs or high subsequent clean-up costs, and their liability for clean-up costs may be either individual or joint and several. Even with individual liability for clean-up costs, shareholders' limited liability creates an incentive to select the latter project type and to impose costs...
