Similar Search Results

Do Sell-Side Analysts Say "Buy" While Whispering "Sell"?

Hirshleifer, David; Shi, Yushui; Wu, Weili - National Bureau of Economic Research - 2022

We examine how sell-side equity analysts strategically disclose information of differing quality to the public versus the buy-side mutual fund managers to whom they are connected. We consider cases in which analysts recommend that the public buys a stock, but some fund managers sell it. We...

Persistent link: https://www.econbiz.de/10013210060

RIM-Based Value Premium and Factor Pricing Using Value-Price Divergence

Cong, Lin William; George, Nathan Darden; Wang, Guojun - National Bureau of Economic Research - 2023

We document that value-to-price, the ratio of Residual-Income-Model-based valuation to market price, subsumes the power of book-to-market ratio and many other value or quality measures in predicting stock returns. Long-short value-to-price portfolios hedge against momentum, revitalize the...

Persistent link: https://www.econbiz.de/10014226164

Internalizing Externalities : Disclosure Regulation for Hydraulic Fracturing, Drilling Activity and Water Quality

Bonetti, Pietro; Leuz, Christian; Michelon, Giovanna - National Bureau of Economic Research - 2023

The rise of shale gas and tight oil development has triggered a major debate about hydraulic fracturing (HF). In an effort to mitigate risks from HF, especially with respect to water quality, many U.S. states have introduced disclosure mandates for HF wells and fracturing fluids. We use this...

Persistent link: https://www.econbiz.de/10013537736

Accounting for Environmental Activity : Measuring Public Environmental Expenditures and the Environmental Goods and Services Sector in the US

Fixler, Dennis J.; Hass, Julie L.; Highfill, Tina; … - National Bureau of Economic Research - 2023

Account) while following the accounting principles and methods outlined in the SEEA Central Framework (SEEA-CF). This approach … gaps and accounting issues in the US context more specifically …

Persistent link: https://www.econbiz.de/10014337807

Does Inflation Affect Earnings Relevance? A Century-Long Analysis

Binz, Oliver; Graham, John R.; Kubic, Matthew - National Bureau of Economic Research - 2024

between accounting earnings and stock market value, i.e., earnings relevance. On the one hand, inflation may decrease earnings … relevance as historical cost accounting relies on historical transaction prices that become less relevant when inflation changes …

Persistent link: https://www.econbiz.de/10014528402

Asymmetric Investment Rates

Bai, Hang; Li, Erica X. N.; Xue, Chen; Zhang, Lu - National Bureau of Economic Research - 2022

Integrating national accounting with financial accounting, we provide firm-specific estimates of current-cost capital …

Persistent link: https://www.econbiz.de/10013191052

Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account : A Critical Review

McCallum, Bennett T. - 1985

most transactions are carried out through an accounting system rather than any tangible medium of exchange, and (iii …

Persistent link: https://www.econbiz.de/10012477512

Mandated Financial Reporting and Corporate Innovation

Breuer, Matthias - 2019

We investigate the impact of reporting regulation on corporate innovation activity. Exploiting thresholds in Europe's regulation and a major enforcement reform in Germany, we find that forcing a greater share of firms to publicly disclose their financial statements reduces firms' innovative...

Persistent link: https://www.econbiz.de/10012480236

Research in Accounting for Income Taxes

Graham, John - 2010

This paper comprehensively reviews Accounting for Income Taxes (AFIT). The first half provides background and a primer …

Persistent link: https://www.econbiz.de/10012462987

Bank-Tax Conformity for Corporate Income : An Introduction to the Issues

Hanlon, Michelle - 2005

This paper discusses the issues surrounding the proposals to conform financial accounting income and taxable income …. The two incomes diverged in the late 1990s with financial accounting income becoming increasingly greater than taxable … of earnings management for financial accounting and/or the tax sheltering of corporate income. Our paper outlines the …

Persistent link: https://www.econbiz.de/10012467620