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作者：Langenderfer, HQ
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作者：Burgstahler, DC; Dichev, ID
作者单位：University of Michigan System; University of Michigan
摘要：This paper develops and tests an option-style valuation model, whose main prediction is that equity value is a convex function of both earnings and book value, where the function depends on the relative values of earnings and book value. Earnings provides a measure of how the firm's resources are currently used. Book value provides a measure of the value of the firm's resources, independent of how the resources are currently used. When the ratio earnings/book value is high, the firm is likely ...
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作者：Chen, KCW; Church, BK
作者单位：Wilfrid Laurier University
摘要：This study investigates the association between going concern opinions and the market's reaction to bankruptcy filings. The results of prior studies indicate that going concern opinions are useful in predicting bankruptcy and provide some explanatory power in predicting bankruptcy resolution, As such, going concern opinions may reduce the surprise associated with bankruptcy. Our results are consistent with this assertion. Firms receiving going concern opinions experience less negative excess r...
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作者：Asare, SK; McDaniel, LS
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：A review of preparers' workpapers can lead to the detection of ''classification'' errors (i.e., incorrect determinations with respect to sampled audit items) and/or ''conclusion'' errors (i.e., incorrect conclusions about populations of audited items). We examined the effects of familiarity with the preparer and task complexity on reviewers' effectiveness at detecting these errors. The results indicate that reviewers of unfamiliar preparers reperform more of the preparers' work but do not dete...
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作者：Eldenburg, L; Soderstrom, N
作者单位：University of Washington; University of Washington Seattle
摘要：Under hospital accounting guidelines, contractual adjustments are an allowable deduction from revenue that reflect the difference between gross charges and reimbursement amounts. This study explores the use of contractual adjustments to shift costs among payers and increase revenues within a regulatory environment that attempted to limit cost shifting and set revenue constraints, Throughout the regulatory period, we find that hospitals overestimated budgeted contractual adjustments in a system...
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作者：Arya, A; Glover, J
作者单位：Carnegie Mellon University
摘要：This paper studies a stylized model in which a division manager's historical cost reports are verified. In a one-period setting, the problem of tacit collusion between the verifier and the division manager is so severe that no mechanism can be constructed under which there is a unique equilibrium that has the verifier exercising anything other than the minimal level of care. However, by extending the contractual relationship to two periods, the tacit collusion problem can be resolved. A featur...
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作者：Beasley, MS
摘要：This study empirically tests the prediction that the inclusion of larger proportions of outside members on the board of directors significantly reduces the likelihood of financial statement fraud, Results from legit regression analysis of 75 fraud and 75 no-fraud firms indicate that no-fraud firms have boards with significantly higher percentages of outside members than fraud firms; however, the presence of an audit committee does not significantly affect the likelihood of financial statement ...
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作者：Lang, MH; Lundholm, RJ
作者单位：University of Michigan System; University of Michigan
摘要：This paper examines the relations between the disclosure practices of firms, the number of analysts following each firm and properties of the analysts' earnings forecasts. Using data from the Report of the Financial Analysts Federation Corporate Information Committee (FAF Report 1985-89), we provide evidence that firms with more informative disclosure policies have a larger analyst following, more accurate analyst earnings forecasts, less dispersion among individual analyst forecasts and less ...
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作者：Loudder, ML; Khurana, IK; Boatsman, JR
作者单位：University of Missouri System; University of Missouri Columbia; Arizona State University; Arizona State University-Tempe
摘要：Economic and political events have led to utility regulation decisions which, in turn, provide an impetus for significant changes in industry accounting and reporting practices, The prospect of continuing change in the operating environment for utilities suggests that some deferred assets created by regulatory actions are subject to uncertain recovery, Accounting regulators have responded by imposing additional constraints on the firm's ability to record these so-called ''regulatory assets.'' ...
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作者：Peterson, CA; Millar, JA; Rimbey, JN
作者单位：University of Arkansas System; University of Arkansas Fayetteville
摘要：Prior studies of stock dividends and stock splits have failed to provide valid tests of earnings signaling because they incorrectly assume that ''stock splits'' do not restrict future cash dividends. Unlike previous studies, which also incorrectly assume that cash dividends are limited only to the amount of retained earnings, we present a study based on actual accounting treatment and appropriate statutory definitions of distributable equity. We find that more positive information is signaled ...
