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作者：CHRISTIE, AA; ZIMMERMAN, JL
摘要：Accounting numbers are an integral part of the firm's formal and informal contracts (Watts 1974; Holthausen and Leftwich 1983; Watts and Zimmerman 1986; Ball 1989; Christie 1990). This contracting-based theory of accounting is based on the premise that managers choose particular accounting procedures either efficiently to maximize the value of the firm, or opportunistically to make the manager better off at the expense of some other contracting partly (Holthausen 1990). The relative amounts of...
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作者：BANDYOPADHYAY, SP
摘要：From time to time over the last 25 years, the Accounting Principles Board (APB), the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC) have debated whether successful efforts (SE) or full cost (FC) accounting provides investors (creditors) with the more informative accounting numbers and thus should be mandated for all oil and gas firms.1 (See Deakin 1989 and Collins, Rozeff and Salatka 1982, for a description of regulatory events surrounding the SE v...
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作者：SOO, BS; SOO, LG
摘要：This study examines whether the stock market considers foreign exchange transaction and translation gains and losses when pricing equity securities, and whether the value assigned by the market is significantly different from that assigned to other components of accounting earnings. It also examines whether the market's valuation of foreign exchange gains and losses differed in the periods covered by Statement of Financial Accounting Standards (SFAS) 8 and SFAS 52. For a sample of firms affect...
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作者：RAMAN, KK; WILSON, ER
作者单位：University of Missouri System; University of Missouri Columbia
摘要：Government auditing standards place strong emphasis on strengthening internal controls and ensuring compliance with laws and regulations.1 A high quality audit can provide assurance to the municipal bond market that the local government's internal controls and legal compliance are adequate to minimize opportunities for waste and fraud and to assure the continued inflow of federal financial assistance. Simunic and Stein (1987) suggest that in the capital markets, auditor reputation is made cred...
