2期

最新文章

• Applying reverse regression techniques in earnings-return analyses AI翻译
  作者：Cready, WM; Hurtt, DN; Seida, JA
  作者单位：Louisiana State University System; Louisiana State University; Western Michigan University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
  摘要：Measurement error in unexpected earnings is recognized as a source of bias in examinations of the relation between earnings and returns. Reverse regression procedures are commonly used as a means of coping with this bias. This study examines the properties of reverse regression procedures in multi-interacted variable settings with a specific focus on the earnings response coefficient (ERC) analysis of Collins and Kothari (J. Account. Econom. 11 (1989) 143.). It shows that both conventional rev...
• The effect of international institutional factors on properties of accounting earnings (vol 29, pg 1, 2000) AI翻译
  作者：Ball, R; Kothari, SP; Robin, A
  作者单位：Massachusetts Institute of Technology (MIT); University of Chicago; Rochester Institute of Technology
• Do analysts generate trade for their firms? Evidence from the Toronto stock exchange AI翻译
  作者：Irvine, PJA
  作者单位：Emory University
  摘要：It has generally been assumed that the potential commission revenue is an important determinant of a sell-side analyst's decision of what firms to cover and what information to publicly release. However, because stock volume has not been disaggregated on a brokerage-firm level, uncertainty remains regarding the economic importance of the relation between analyst coverage and brokerage-firm volume. Using a unique data set that identifies the broker(s) involved in each trade, I find that brokera...
• Auditor resignations: clientele effects and legal liability AI翻译
  作者：Shu, SZ
  作者单位：Boston College
  摘要：I examine two hypotheses of auditor resignation: litigation risk and clientele adjust ment. I find resignation is positively related to increased client legal exposure, and to occurrence of clientele mismatch. The summary-measure approach allows me to distinguish clientele mismatch caused by changes in auditor (supply-side) characteristics vs. changes in client (demand-side) characteristics. Evidence suggests resignation is likely driven by supply-side changes. I also find investors react nega...
• The effects of regulatory and contracting costs on banks' choice of accounting method for other postretirement employee benefits AI翻译
  作者：Ramesh, K; Revsine, L
  作者单位：Charles River Associates; Northwestern University
  摘要：This paper examines banks' choice of accounting methods in a new regulatory environment that more closely ties regulatory monitoring to GAAP numbers. The study finds that banks' choice of the implementation method for SFAS 106 is consistent with an attempt to balance the increased regulatory costs with earnings management benefits. Moreover, banks strategically chose the adoption timing of both SFAS 106 and SFAS 109 to further reduce regulatory costs. The implementation method choice is consis...
• The reliability of investment property fair value estimates AI翻译
  作者：Dietrich, JR; Harris, MS; Muller, KA III
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University System of Ohio; Ohio State University; Syracuse University
  摘要：We investigate the reliability of mandatory annual fair Value estimates for UK investment property. We find that appraisal estimates understate actual selling prices and are considerably less biased and more accurate measures of selling price than respective historical costs. Investigations of managerial discretion over fair value reporting reveal that managers select among permissible accounting methods to report higher earnings, time asset sales to smooth reported earnings changes, smooth re...