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作者：Barton, J; Simko, PJ
作者单位：Emory University; University of Virginia
摘要：The balance sheet accumulates the effects of previous accounting choices, so the level of net assets partly reflects the extent of previous earnings management. We predict that managers' ability to optimistically bias earnings decreases with the extent to which the balance sheet overstates net assets relative to a neutral application of GAAP. To test this prediction, we examine the likelihood of reporting various earnings surprises for 3,649 firms during 1993-1999. Consistent with our predicti...
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作者：Linsmeier, TJ; Thornton, DB; Venkatachalam, M; Welker, M
作者单位：Michigan State University; Queens University - Canada; Stanford University
摘要：We hypothesize that firms' 10-K market risk disclosures, recently mandated by SEC Financial Reporting Release No. 48 (FRR No. 48), reduce investors' uncertainty and diversity of opinion about the implications, for firm value, of changes in interest rates, foreign currency exchange rates, and commodity prices. We argue that this reduced uncertainty and diversity of opinion should dampen trading volume sensitivity to changes in these underlying market rates or prices. Consistent with this hypoth...
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作者：Kinney, WR Jr; Libby, R
作者单位：University of Texas System; University of Texas Austin; Cornell University
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作者：Beaver, WH
作者单位：Stanford University
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作者：Frankel, RM; Johnson, MF; Nelson, KK
作者单位：Massachusetts Institute of Technology (MIT); Michigan State University; Stanford University
摘要：This paper examines whether auditor fees are associated with earnings management and the market reaction to the disclosure of auditor fees. Using data collected from proxy statements, we present evidence that nonaudit fees are positively associated with small earnings surprises and the magnitude of discretionary accruals, while audit fees are negatively associated with these earnings management indicators. We also find evidence of a negative association between nonaudit fees and share values o...
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作者：Indjejikian, RJ; Nanda, D
作者单位：University of Michigan System; University of Michigan; Duke University
摘要：We provide evidence that CEOs' and lower-level business unit executives' target bonuses are negatively associated with a proxy for measurement noise in accounting-based performance measures, and positively associated with proxies for firms' growth opportunities and the extent of executives' decision-making authority. Non-CEO executives' target bonuses are also positively associated with their CEO's target bonus. In addition, we compare executives' actual and target bonuses over two consecutive...
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作者：Moehrle, SR
作者单位：University of Missouri System; University of Missouri Saint Louis
摘要：Many firms that take restructuring charges reverse a portion of those restructuring charge accruals in a later quarter. These reversals increase net income, often substantially. In this study, I investigate whether restructuring charge reversals are associated with incentives to meet or exceed analysts' forecasts, avoid earnings declines relative to prior-year levels, and avoid losses. I examine both the decision to record a reversal and the amount of the reversal, using a sample of 121 revers...
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作者：Ashbaugh, H; Olsson, P
作者单位：University of Wisconsin System; University of Wisconsin Madison; Duke University
摘要：Despite the increasing integration of global capital markets, there is little evidence on the valuation properties of cross-listed, non-U.S. firms' accounting variables. We use the relative performance of the earnings capitalization, the book value, and the residual income valuation models to explore the valuation properties of International Accounting Standards and U.S. Generally Accepted Accounting Principles earnings and book values reported by non-U.S., cross-listed firms trading in a comm...
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作者：Bowen, RM; Davis, AK; Matsumoto, DA
作者单位：University of Washington; University of Washington Seattle; Washington University (WUSTL)
摘要：In 1998, the SEC expressed concern that conference calls encourage selective disclosure by revealing new information to financial analysts privy to the call. This study investigates whether the regular use of earnings-related conference calls increases the amount of information available to financial analysts by examining the effect of conference calls on analysts' forecast error and dispersion. Results indicate that conference calls increase analysts' ability to forecast earnings accurately, ...
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作者：DeFond, ML
作者单位：University of Southern California
