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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 … IFRS adopters in 14 EU countries for the period 2003-2007, we find a V-shaped pattern in synchronicity around IFRS adoption …, which is consistent with IFRS disclosures revealing new firm-specific information in the adoption period (i.e., a reduction …
Persistent link: https://www.econbiz.de/10011090958
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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 … information after switching to IFRS, especially for forecasts pertaining to 2006 and later. However, we are unable to detect a … change in the consensus among financial analysts after the mandatory adoption of IFRS. These results suggest that the higher …
Persistent link: https://www.econbiz.de/10011091872
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Accounting Discretion of Banks During a Financial Crisis
Huizinga, Harry P.; Laeven, L. - Tilburg University, Center for Economic Research - 2009
particular, we show that the stock market applies far greater discounts to a bank’s real estate loans and mortgage … suggests that bank balance sheets overvalue real estate related assets during economic slowdowns. Estimated discounts are … impairment. We also find that bank share prices, especially for banks with large exposures to mortgage-backed securities, react …
Persistent link: https://www.econbiz.de/10011091514
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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
This paper provides experimental evidence on how incentive compensation, peer-group behavior, and audit (team) effectiveness influence managerial reporting behavior. Results show that an increase in incentive compensation intensity induces subjects to report less truthfully. High level of peer...
Persistent link: https://www.econbiz.de/10011090403
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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
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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
Much of the literature on the usefulness of company financial statement information focuses on the United States and the United Kingdom. But, these two countries are characterized by similar and rigid regulatory and enforcement regime. This study provides direct evidence from the Netherlands –...
Persistent link: https://www.econbiz.de/10011090499
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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
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Two-Step Sequential Sampling
Moors, J.J.A.; Strijbosch, L.W.G. - Tilburg University, Center for Economic Research - 2000
Deciding upon the optimal sample size in advance is a difficult problem in general. Often, the investigator regrets not having drawn a larger sample; in many cases additional observations are done. This implies that the actual sample size is no longer deterministic; hence, even if all sample...
Persistent link: https://www.econbiz.de/10011091204
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Do Managers Manipulate Earnings Prior to Management Buyouts?
Renneboog, Luc; Mao, Y. - Tilburg University, Center for Economic Research - 2013
Abstract: To address the question as to whether managers manipulate accounting numbers downwards prior to management buyouts (MBOs), we implement an industry-adjusted buyout-specific approach and receive an affirmative answer. In UK buyout companies, negative earnings manipulation (understating...
Persistent link: https://www.econbiz.de/10011091219
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Business Groups, Taxes and Accruals Management
Beuselinck, C.A.C.; Deloof, M. - Tilburg University, Center for Economic Research - 2006
This paper provides evidence that Belgian firms belonging to a business group have a lower effective tax rate (ETR) and face a less positive association between pre-tax income and ETRs than independent firms.These findings suggest that individual group members apply efficient tax planning...
Persistent link: https://www.econbiz.de/10011091356