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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
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作者：FOSTER, TW; KOOGLER, PR; VICKREY, D
作者单位：Texas State University System; Texas State University San Marcos; Arizona State University; Arizona State University-Downtown Phoenix
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作者：JONES, SK; PONEMON, LA
作者单位：Babson College; State University of New York (SUNY) System; Binghamton University, SUNY
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作者：ALCIATORE, ML
摘要：The purpose of this article is to investigate the information content of the change in the standardized measure (CSM) disclosure reported by oil and gas producers as assessed by market participants. Previous research by Doran et al. (1988) suggests that selected components of the CSM disclosure have a modest influence on share prices. This study reexamines this issue with a more homogeneous sample of oil and gas producers (e.g., excluding Canadian firms), and investigates all ten components of...
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作者：HAYES, RD; MILLAR, JA
作者单位：University of Arkansas System; University of Arkansas Fayetteville
摘要：THE ''extension'' of Hayes and Millar (1990) by Mensah and Li (1993) brings up essentially two areas of controversy. First, Mensah and Li find fault with our ''implied'' assumption of cross-sectionally fixed cost shares. Second, their use of an additional measure of output (AT) and an alternative measure of technology (TE) raises questions regarding model specification. In this rejoinder, we discuss these two areas of concern in order to address any previous omissions, needed clarifications, o...
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作者：SHAW, WH; WIER, HA
作者单位：University of Alberta
摘要：The Tax Reform Act of 1986 reduced individual income tax rates below that of corporations. The fear that this would lead to a systematic disincorporation has not apparently materialized since the major stock exchanges report that only about 100 partnerships were traded during the next five years.1 Scholes and Wolfson (1992) suggest that this result is predictable because of the additional nontax costs of operating as a partnership, which include increased transactions costs, more restricted ac...
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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...
