2期

最新文章

• ADRs, analysts, and accuracy: Does cross listing in the United States improve a firm's information environment and increase market value? AI翻译
  作者：Lang, MH; Lins, KV; Miller, DP
  作者单位：University of North Carolina; University of North Carolina Chapel Hill; Utah System of Higher Education; University of Utah; Indiana University System; Indiana University Bloomington
  摘要：This paper investigates the relation between cross listing in the United States and the information environment of non-U.S. firms. We find that firms that cross list on U.S. exchanges have greater analyst coverage and increased forecast accuracy than firms that are not cross listed. A time-series analysis shows that a change in analyst coverage and forecast accuracy occurs around cross listing. We also document that firms that have more analyst coverage and higher forecast accuracy have higher...
• Discussion of ADRs, analysts, and accuracy: Does cross-listing in the United States improve a firm's information environment and increase market value? AI翻译
  作者：Leuz, C
  作者单位：University of Pennsylvania
  摘要：Lang, Lins, and Miller [2002] investigate the relation between cross-listing in the United States and information intermediation by analysts. The results suggest that cross-listing in the United States increases analyst following and forecast accuracy and that both variables are associated with Tobin's Q. These findings are interesting and advance the cross-listing literature in several ways. This discussion raises two issues. First, I highlight that the sources of cross-listing effects are no...
• The impact of SFAS no. 131 on information and monitoring AI翻译
  作者：Berger, PG; Hann, R
  作者单位：University of Chicago; University of Southern California
  摘要：We investigate the effect of the Financial Accounting Standards Board's (FASB) new segment reporting standard on the information and monitoring environment. We compare hand-collected, restated SFAS 131 segment data for the final SFAS 14 fiscal year with the historical SFAS 14 data. We find that SFAS 131 increased the number of reported segments and provided more disaggregated information. Analysts and the market had access to a portion of the new segment information before it was made public, ...
• Disclosure practices, enforcement of accounting standards, and analysts' forecast accuracy: An international study AI翻译
  作者：Hope, OK
  作者单位：University of Toronto
  摘要：Using a sample from 22 countries, I investigate the relations between the accuracy of analysts' earnings forecasts and the level of annual report disclosure, and between forecast accuracy and the degree of enforcement of accounting standards. I document that firm-level disclosures are positively related to forecast accuracy, suggesting that such disclosures provide useful information to analysts. I construct a comprehensive measure of enforcement and find that strong enforcement is associated ...
• Discussion of the impact of SFAS no. 131 on information and monitoring AI翻译
  作者：Piotroski, JD
  作者单位：University of Chicago
• Discussion of disclosure practices, enforcement of accounting standards, and analysts' forecast accuracy: An international study AI翻译
  作者：Pope, PF
  作者单位：Lancaster University
• Enforceable accounting rules and income measurement by early 20th century railroads AI翻译
  作者：Sivakumar, K; Waymire, G
  作者单位：Boston University; Emory University
  摘要：We investigate the extent to which income measurement by major early 20th-century U.S. railroads shows evidence of lower income smoothness and increased conservatism following new fixed asset accounting rules issued by the Interstate Commerce Commission (ICC) in 1907 and 1908 and concurrent rate regulation regime shifts. Accounting rules promulgated by the ICC after the Hepburn Act of 1906 are the first accounting rules in U.S. history in which regulators could enforce such rules under federal...
• Privacy in e-commerce: Development of reporting standards, disclosure, and assurance services in an unregulated market AI翻译
  作者：Jamal, K; Maier, M; Sunder, S
  作者单位：University of Alberta; Yale University
  摘要：Government regulation of financial reporting by publicly listed firms, coupled with a punitive regime for violation of generally accepted accounting principles (GAAP), has been in place in the United States for seven decades. Whether this regime is effective or useful is an open question, especially in the absence of data on the behavior of unregulated economies. Privacy disclosure in e-commerce is essentially an unregulated environment with some parallels to financial disclosure. A study of p...