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作者：CHUNG, KH; GHICAS, D; PASTENA, V
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); State University of New York (SUNY) System; University at Buffalo, SUNY
摘要：A borrowing base is a line of credit set by the lender and secured by petroleum assets. Borrowers can draw on the borrowing. base only to the extent that their investment opportunities justify the related interest expenses. This measure of the firm's capacity to obtain secured loans is footnoted in the long-term debt section of the annual reports. In this paper we examine how lenders use accounting information to set the borrowing base of oil and gas firms. Determination of the borrowing base ...
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作者：PARKASH, M; VENABLE, CF
作者单位：California State University System; San Diego State University
摘要：The purpose of this research is to test the effects of agency incentives and knowledge spillovers in joint engagements for audit and nonaudit services. External parties and regulators have associated joint nonaudit purchases with beliefs about impaired auditor independence. Since reductions in perceived independence correspondingly reduce audit credibility, agency theory suggests that auditees have an incentive to limit nonaudit purchases because of the agency costs imposed when an audit's mon...
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作者：BANKER, RD; JOHNSTON, HH
作者单位：Rice University
摘要：Recent research on cost driver analysis by Miller and Vollman (1985) and Cooper and Kaplan (1987) suggests that transactions deriving from the diversity of a firm's product line and the complexity of its production process, in addition to output volume, drive overhead costs. As a consequence, it is argued, conventional cost accounting systems based only on volume-related measures, such as units of output, direct labor hours, or machine hours, produce biased and materially misleading cost estim...
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作者：BROWN, LD; KIM, KJ
作者单位：Chung Ang University
摘要：We formulate and test the hypothesis that nonearnings disclosures of small, but not large, firms generally are ''good news.'' Nonearnings disclosures are defined as disclosures by managers and outsiders about news other than earnings (e.g., stock splits, takeovers, new orders). ''Good news'' is defined as a positive stock price reaction at the time of the information disclosure. Our hypothesis is motivated by two lines of prior research. First, managers have incentives to disclose their privat...
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作者：FLORY, SM; PHILLIPS, TJ; REIDENBACH, RE; ROBIN, DP
作者单位：University of Southern Mississippi
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作者：MUTCHLER, JF; PANY, K
作者单位：Arizona State University; Arizona State University-Tempe
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作者：BUCKLESS, FA; PEACE, RL
作者单位：North Carolina State University
摘要：Auditor liability is a growing concern of public accounting firms (Collins 1985; Flynn et al. 1990; Mednick 1987; Minow 1984). In lawsuits brought by clients for breach of contract and tort actions for negligent execution of an audit, as well as in an increasing number of lawsuits brought by third parties, a common defense is the auditor's compliance with generally accepted auditing standards (GAAS). In this study, the source of professional auditing standards was manipulated to examine its in...
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作者：DAVIS, HZ; PELES, YC
作者单位：Hebrew University of Jerusalem; Hong Kong University of Science & Technology
摘要：We test several categories of ratios-short-term liquidity, performance measures, earnings per share (EPS), capital structure, and the gross margin ratio-to determine if they have equilibrium values or follow a random walk. For ratios with an equilibrium value, the speed at which the ratio returns to equilibrium from out-of-equilibrium conditions is measured. Since equilibrating forces may differ with firm size, we also test for differences in adjustment speeds between small and large firms. An...
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作者：CHEN, KCW; WEI, KCJ
作者单位：Hong Kong University of Science & Technology
摘要：Positive theory hypothesizes that accounting-based debt covenants are important factors in accounting choices. According to Watts and Zimmerman's (1990) survey, this hypothesis has generally been supported by earlier studies. That is, the closer the firm is to violating accounting covenants, the more likely managers would choose income-increasing methods. Recently, research attention has shifted to the event of covenant violation itself. For example, Beneish and Press (1993) estimate debtors' ...
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作者：LEE, CF; WU, CC
作者单位：Syracuse University
