1-3期

最新文章

• Empirical research on accounting choice AI翻译
  作者：Fields, TD; Lys, TZ; Vincent, L
  作者单位：Northwestern University; Harvard University
  摘要：We review research from the 1990s that examines the determinants and consequences of accounting choice, structuring our analysis around the three types of market imperfections that influence managers' choices: agency costs, information asymmetries, and externalities affecting non-contracting parties. We conclude that research in the 1990s made limited progress in expanding our understanding of accounting choice because of limitations in research design and a focus on replication rather than ex...
• Assessing empirical research in managerial accounting: a value-based management perspective AI翻译
  作者：Ittner, CD; Larcker, DF
  作者单位：University of Pennsylvania
  摘要：This paper applies a value-based management framework to critically review empirical research in managerial accounting. This framework enables us to place the exceptionally diverse set of managerial accounting studies from the past several decades into an integrated structure. Our synthesis highlights the many consistent results in prior research, identifies remaining gaps and inconsistencies, discusses common methodological and econometric problems, and suggests fruitful avenues for future ma...
• The relevance of the value-relevance literature for financial accounting standard setting AI翻译
  作者：Holthausen, RW; Watts, RL
  作者单位：University of Rochester; University of Pennsylvania
  摘要：In this paper we critically evaluate the standard-setting inferences that can be drawn from value relevance research studies that are motivated by standard setting. Our evaluation concentrates on the theories of accounting, standard setting and valuation that underlie those inferences. Unless those underlying theories are descriptive of accounting, standard setting and valuation, the value-relevance literature's reported associations between accounting numbers and common equity valuations have...
• Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature AI翻译
  作者：Healy, PM; Palepu, KG
  作者单位：Harvard University
  摘要：Financial reporting and disclosure are potentially important means for management to communicate firm performance and governance to outside investors. We provide a framework for analyzing managers' reporting and disclosure decisions in a capital markets setting, and identify key research questions, We then review current empirical research on disclosure regulation, information intermediaries, and the determinants and economic consequences of corporate disclosure. Our survey concludes that curr...
• Contracting theory and accounting AI翻译
  作者：Lambert, RA
  作者单位：University of Pennsylvania
  摘要：This paper reviews agency theory and its application to accounting issues. I discuss the formulation of models of incentive problems caused by moral hazard and adverse selection problems. I review theoretical research on the role of performance measures in compensation contracts, and I compare how information is aggregated for compensation purposes versus valuation purposes. I also review the literature on communication, including models where the revelation principle does not apply so that no...
• Essays on disclosure AI翻译
  作者：Verrecchia, RE
  作者单位：University of Pennsylvania
  摘要：The purpose of this paper is two-fold. First, I attempt a taxonomy of the extant accounting literature on disclosure: that is, a categorization of the various models of disclosure in the literature into well-integrated topics. With regard to the taxonomy, I suggest three broad categories of disclosure research in accounting. The first category, which I dub association-based disclosure, is work that studies the effect of exogenous disclosure on the cumulative change or disruption in investors' ...
• Capital markets research in accounting AI翻译
  作者：Kothari, SP
  作者单位：Massachusetts Institute of Technology (MIT)
  摘要：I review empirical research on the relation between capital markets and financial statements. The principal sources of demand for capital markets research in accounting are fundamental analysis and valuation, tests of market efficiency, and the role of accounting numbers in contracts and the political process. The capital markets research topics of current interest to researchers include tests of market efficiency with respect to accounting information, fundamental analysis, and value relevanc...
• Financial accounting and corporate governance: a discussion AI翻译
  作者：Sloan, RG
  作者单位：University of Michigan System; University of Michigan
  摘要：Bushman and Smith (2001, this issue) provide a useful review of research on the role of accounting in management compensation contracts and an appealing future research agenda that builds on recent research using a cross-country approach. This paper rounds out their discussion by highlighting some limitations of their research agenda, providing a critical review of the contributions of accounting scholars to governance research and highlighting research opportunities on the role of financial a...
• Financial accounting information and corporate governance AI翻译
  作者：Bushman, RM; Smith, AJ
  作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of Chicago
  摘要：This paper reviews and proposes additional research concerning the role of publicly reported financial accounting information in the governance processes of corporations. We first discuss research on the use of financial accounting in managerial incentive plans and explore future research directions. We then propose that governance research be extended to explore more comprehensively the use of financial accounting information in additional corporate control mechanisms, and suggest opportuniti...