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Frankel, Richard M. - 2019

This monograph is not a review of the empirical accounting literature. This monograph tells a story and relates it to salient empirical phenomena. Why does accounting exist? Our answer is that financial accounting helps firms function efficiently. That efficiency is manifested in many ways, and...

Persistent link: https://www.econbiz.de/10012899532

Evidence of accelerating mismeasurement of growth and inflation in the U.S. in the 21st century

Nakamura, Leonard Isamu - 2020

Persistent link: https://www.econbiz.de/10012373133

Expanded GDP for welfare measurement in the 21st century

Hulten, Charles R.; Nakamura, Leonard Isamu - 2020

The information revolution currently underway has changed the economy in ways that are hard to measure using … conventional GDP procedures. The information available to consumers has increased dramatically as a result of the Internet and its … now has an unprecedented amount of information on which to base consumption choices, and the “free” nature of the …

Persistent link: https://www.econbiz.de/10012198573

Is GDP becoming obsolete? : the "Beyond GDP" debate

Hulten, Charles R.; Nakamura, Leonard Isamu - 2022

Persistent link: https://www.econbiz.de/10013499596

Factor structural time series models for official statistics with an application to hours worked in Germany

Weigand, Roland; Wanger, Susanne; Zapf, Ines - 2015

We introduce a high-dimensional structural time series model, where co-movement between the components is due to common factors. A two-step estimation strategy is presented, which is based on principal components in differences in a first step and state space methods in a second step. The...

Persistent link: https://www.econbiz.de/10011309972

A Balance-Sheet-Based Measure of Accounting Quality

Chen, Qi - 2019

We develop and validate a balance sheet-based measure of accounting quality that quantifies the ability of accounting assets to measure firm-specific economic capital. The measure is based on economic theories linking a firm's economic capital (i.e., its productive capacity) to its intrinsic...

Persistent link: https://www.econbiz.de/10012894966

A Golden Age in Setting National Accounting Standards : The UK’s Accounting Standards Board, 1990–2000

Meeks, Geoff - 2023

At the beginning of the 1990s UK accounting standards were described as a ‘laughing stock’. By the millennium they were widely acclaimed and in some respects world-leading. This paper explores some of the key technical advances in this period, and the political processes employed to secure...

Persistent link: https://www.econbiz.de/10014348913

An evaluation of revisions and quality aspects of Austrian quarterly GDP publications : final report to the "Jubiläumsfonds der Oesterreichischen Nationalbank", Grant No 13185

Bilek-Steindl, Sandra; Sauer, Petra - 2009

Persistent link: https://www.econbiz.de/10003925904

Accounting and Economic Measures : An Integrated Theory of Capital Budgeting

Magni, Carlo Alberto - 2015

Accounting measures are traditionally considered not significant from an economic point of view. In particular, accounting rates of return are often regarded economically meaningless or, at the very best, poor surrogates for the IRR, which is held to be “the” economic yield. Likewise,...

Persistent link: https://www.econbiz.de/10013039268

From Micro to Macro : Does Conditional Conservatism Aggregate Up in the National Income and Product Accounts?

Laurion, Henry - 2016

We revisit evidence that conditional conservatism aggregates up from the firm level causing corporate profit estimates in the National Income and Product Accounts (NIPA) to be more sensitive to negative relative to positive aggregate return news. Our study delivers three main messages. First,...

Persistent link: https://www.econbiz.de/10013004589