作者：ALI, A; KLEIN, A; ROSENFELD, J
作者单位：New York University; Emory University
摘要：An intriguing anomaly in recent market-based accounting research is that both the market and analysts appear not to recognize properly the time-series properties of quarterly earnings shocks. Bernard and Thomas (1990) and Freeman and Tse (1989) present evidence that the market underestimates the implications of previous period earnings for future earnings. Mendenhall (1991) and Abarbanell and Bernard (1991) find that analysts do not seem to utilize time-series information about earnings correc...
作者：GUENTHER, DA
摘要：Much of the research in positive accounting theory deals with whether managers choose accounting methods that reduce or minimize certain costs faced by firms, such as the cost of violating bond covenant restrictions, political costs, and the tax cost associated with the use of the FIFO rather than the LIFO inventory method. However, this research ignores some more fundamental costs associated with the legal form under which the firm chooses to operate, a much larger issue that precedes the cho...
