In the first chapter, this study develops a new firm-level conservatism measure from the Basu (1997) model and then examines the consistency and validity of the new conservatism measure and two extant firm-level conservatism measures, Beaver and Ryan's (2000) and accruals-based approaches....

We examine the effects of the availability of operating cash flow (OCF) information disclosed by firms operating in 15 international countries during the pre-IFRS era on: (1) the comparability of these firms' disaggregated earnings to those of U.S. firms for equity valuation purposes, (2) the...

We extend prior research examining the competitiveness of the US audit market by measuring concentration levels within client industry and within client location before and after the merger between Price Waterhouse and Coopers & Lybrand and before and after the dissolution of Arthur Andersen. We...