The Accounting Review

最新文章

• INTERNATIONAL GUIDE TO ACCOUNTING JOURNALS, 2ND EDITION - SPICELAND,JD, AGRAWAL,SP AI翻译
  作者：ELIKAI, F
  作者单位：University of North Carolina; University of North Carolina Wilmington
• THE ACCOUNTING BASED VALUATION OF CORPORATE RESEARCH-AND-DEVELOPMENT AI翻译
  作者：SOUGIANNIS, T
  摘要：This article examines whether reported accounting earnings reflect benefits from past research and development (R&D) expenditures and uses the benefits, if any, to estimate the investment value of R&D. The issue is how to extract realized R&D benefits from income statement numbers and is important given the current accounting policy of expensing R&D as incurred. To the extent that market participants can determine realized benefits and expect these benefits to persist in the future, they will ...
• FAIR VALUE ACCOUNTING - EVIDENCE FROM INVESTMENT SECURITIES AND THE MARKET VALUATION OF BANKS AI翻译
  作者：BARTH, ME
  摘要：This study investigates how disclosed fair value estimates of banks' investment securities and securities gain and losses based on those estimates are reflected in share prices in comparison with historical costs. Fair value securities gains and losses are calculable because banks also disclose realized securities gains and losses. Thus, banks' investment securities provide an opportunity to examine two measurement methods, historical cost and fair value, for both an asset and its related earn...
• SOME EVIDENCE ON THE NEWS CONTENT OF PRELIMINARY EARNINGS ESTIMATES AI翻译
  作者：BAGINSKI, S; HASSELL, J; WAYMIRE, G
  作者单位：University of Texas System; University of Texas Arlington; Emory University
  摘要：This article provides evidence on the news content of managements' preliminary earnings estimates, which we define as projections of earnings conveyed in expectational language after the end of the reporting period but before the release of final earnings numbers. We examine stock price changes to assess whether a preponderance of these disclosures are interpreted as ''good news'' by investors, and the extent to which good news releases are disclosed earlier than bad news. Associated with prel...
• THE NATURE OF INFORMATION IN COMMERCIAL BANK LOAN LOSS DISCLOSURES AI翻译
  作者：WAHLEN, JM
  作者单位：University of North Carolina; University of North Carolina Chapel Hill
  摘要：Commercial bank loan portfolios are typically 10 to 15 times larger than bank equity; therefore bank loan portfolio cash flows and default risks are likely to have an important impact on bank stock market values. Bank financial statements provide three separate disclosures of changing default risks: non-performing loans, loan loss provisions, and loan charge offs. This study analyzes each of these disclosures for information about future bank cash flows and examines how investors impound this ...
• PRODUCT COSTING AND PRICING AI翻译
  作者：BANKER, RD; HUGHES, JS
  摘要：Recently, management accountants have focussed attention on the appropriate treatment of costs associated with resources committed to support activities which do not vary proportionally to production once initial capacities have been set. In one typical case, it is assumed that costs of committed resources will be incurred irrespective of actual usage, and increasing initial capacities to accommodate unexpected demand involves penalties above normal costs. There are at least two important issu...
• ERRORS IN DATABASES REVISITED - AN EXAMINATION OF THE CRSP SHARES-OUTSTANDING DATA AI翻译
  作者：COURTENAY, SM; KELLER, SB
  作者单位：University of Kentucky
  摘要：This article considers errors in databases commonly used by researchers. Specifically, the study investigates the manner in which the Center for Research in Security Prices (CRSP) tapes adjusts prices for stock distributions, i.e., stock dividends and stock splits. All distributions reported by CRSP during the period January 1 through December 31, 1989 were reviewed for proper distribution code, record date, ex-dividend date, and distribution date by comparison to a secondary data source, Mood...
• EFFICIENT AND OPPORTUNISTIC CHOICES OF ACCOUNTING PROCEDURES - CORPORATE-CONTROL CONTESTS AI翻译
  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...
• MARKET REACTION TO EARNINGS ANNOUNCEMENTS OF SUCCESSFUL EFFORTS AND FULL COST FIRMS IN THE OIL AND GAS-INDUSTRY AI翻译
  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...
• ACCOUNTING FOR THE MULTINATIONAL-FIRM - IS THE TRANSLATION PROCESS VALUED BY THE STOCK-MARKET AI翻译
  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...