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Mandatory IFRS Reporting and Stock Price Informativeness

Joos, Philip; Beuselinck, C.A.C.; Khurana, I.K.; van … - Tilburg University, Center for Economic Research - 2010

In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period...

Persistent link: https://www.econbiz.de/10011090958

Mandatory Adoption of IFRS and Analysts’ Forecasts Information Properties

Joos, Philip; Beuselinck, C.A.C.; Khurana, I.K.; van … - Tilburg University, Center for Economic Research - 2010

This study examines the properties of the information contained in analysts’ earnings forecasts for mandatory IFRS adopters in Europe for the period 2003-07. We find a significant increase in the precision of both public and private information after switching to IFRS, especially for forecasts...

Persistent link: https://www.econbiz.de/10011091872

Organizational Design and Management Accounting Change

De Waegenaere, Anja; Matejka, M. - Tilburg University, Center for Economic Research - 2000

Changing management accounting systems requires more than appropriate implementation.It is argued that structural characteristics of an organization, centralization in particular, should also be taken into account when deciding on a change.Centralization implies higher costs of communication...

Persistent link: https://www.econbiz.de/10011091933

Corporate Governance and Bank Insolvency Risk : International Evidence

Huizinga, Harry P.; Anginer, D.; Demirguc-Kunt, Asli; Ma, K. - Tilburg University, Center for Economic Research - 2014

This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton’s distance to default measure, for an international sample of banks over the 2004-2008 period. Banks are special in that ‘good’...

Persistent link: https://www.econbiz.de/10011091132

How does Corporate Governance Affect Bank Capitalization Strategies?

Huizinga, Harry P.; Anginer, D.; Demirgüc-Kunt, A.; Ma, K. - Tilburg University, Center for Economic Research - 2013

Abstract: This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an international sample of banks over the 2003-2011 period. ‘Good’ corporate governance, which favors shareholder interests, is found to give rise to lower bank...

Persistent link: https://www.econbiz.de/10011091523

Strategic delegation of responsibility in competing firms

de Bijl, P.W.J. - Tilburg University, Center for Economic Research - 1995

This paper investigates the strategic impact of organizational design on product market competition. In a duopoly model of horizontal and vertical product differentiation, each firm's manager can impose a product location, or delegate responsibility to select product location to his subordinate....

Persistent link: https://www.econbiz.de/10011092464

Honesty Is the Best Policy–When There Is Money in It : Can Firms Promote Honest Reporting Behavior by Managers?

Jia, Y. - Tilburg University, Center for Economic Research - 2007

) effectiveness influence managerial reporting behavior. Results show that an increase in incentive compensation intensity induces … subjects to report less truthfully. High level of peer honesty promotes truthful reporting; however, the effects are weaker … when incentive compensation intensity is high. Audit (team) effectiveness shows no significant influence on reporting …

Persistent link: https://www.econbiz.de/10011090403

Performance-vested Stock Options and Pay-Performance Sensitivity

Kuang, Y.; Qin, B. - Tilburg University, Center for Economic Research - 2006

The paper investigates the incentive effects of performance-vested stock options (PVSOs) in aligning management interests with shareholder wealth. Performance targets attached to option vesting would prevent executives from receiving rewards from outcomes that are unaffected by their effort.Such...

Persistent link: https://www.econbiz.de/10011090438

The Usefulness of the Most Widely Reported Dutch Financial Statement Numbers to Stock Market Investors

Kabir, M.R. - Tilburg University, Center for Economic Research - 1997

. This study provides direct evidence from the Netherlands – a country with liberal financial reporting environment and … extent of the usefulness is not that modest as often perceived. However, the Dutch practice of reporting accounting cash …

Persistent link: https://www.econbiz.de/10011090499

Dynamic Tax Depreciation Strategies

De Waegenaere, Anja; Wielhouwer, J.L. - Tilburg University, Center for Economic Research - 2008

The tax depreciation decision potentially has significant impact on the prof- itability of firms and projects. Indeed, the depreciation method chosen for tax purposes affects the timing of tax payments, and, as a consequence, it also affects the after-tax net present value of investment...

Persistent link: https://www.econbiz.de/10011091115