Similar Search Results

Mandatory IFRS reporting and changes in enforcement

Christensen, Hans B.; Hail, Luzi; Leuz, Christian - In: Journal of Accounting and Economics 56 (2013) 2, pp. 147-177

In recent years, reporting under International Financial Reporting Standards (IFRS) became mandatory in many countries …, across all countries, mandatory IFRS reporting had little impact on liquidity. The liquidity effects around IFRS introduction … reporting enforcement. There is little evidence of liquidity benefits in IFRS countries without substantive enforcement changes …

Persistent link: https://www.econbiz.de/10010729559

Does investment efficiency improve after the disclosure of material weaknesses in internal control over financial reporting?

Cheng, Mei; Dhaliwal, Dan; Zhang, Yuan - In: Journal of Accounting and Economics 56 (2013) 1, pp. 1-18

We provide more direct evidence on the causal relation between the quality of financial reporting and investment efficiency. We examine the investment behavior of a sample of firms that disclosed internal control weaknesses under the Sarbanes-Oxley Act. We find that prior to the disclosure,...

Persistent link: https://www.econbiz.de/10010681831

A measurement approach to conservatism and earnings management

Gao, Pingyang - In: Journal of Accounting and Economics 55 (2013) 2, pp. 251-268

This paper formalizes a two-step representation of accounting measurement and uses it to formalize a general rationale for conservatism as a measurement principle. A transaction's economic substance manifests itself in characteristics of the transaction, and an accounting rule is a mapping from...

Persistent link: https://www.econbiz.de/10010664198

Research in accounting for income taxes

Graham, John R.; Raedy, Jana S.; Shackelford, Douglas A. - In: Journal of Accounting and Economics 53 (2012) 1, pp. 412-434

This paper comprehensively reviews the Accounting for Income Taxes (AFIT) literature. We begin by identifying four distinctive aspects of AFIT and briefly covering the rules surrounding AFIT. We then review the existing studies in detail and offer suggestions for future research. We emphasize...

Persistent link: https://www.econbiz.de/10010572420

From low-quality reporting to financial crises: Politics of disclosure regulation along the economic cycle

Bertomeu, Jeremy; Magee, Robert P. - In: Journal of Accounting and Economics 52 (2011) 2, pp. 209-227

This paper examines how financial reporting regulations affect, and respond to, macroeconomic cycles by exploring a positive framework in which regulators subject to political pressures respond to cyclical demands by borrowers and lenders. We establish that, as economic conditions initially...

Persistent link: https://www.econbiz.de/10010572422

The valuation impact of reconciling pro forma earnings to GAAP earnings

Zhang, Huai; Zheng, Liu - In: Journal of Accounting and Economics 51 (2011) 1, pp. 186-202

Regulation G requires all companies to quantitatively reconcile pro forma earnings with GAAP earnings. This paper provides three findings related to the impact of reconciliations on mispricing of pro forma earnings. First, prior to Reg G, we find that mispricing of pro forma earnings is limited...

Persistent link: https://www.econbiz.de/10010572425

Accounting standards and debt covenants: Has the “balance sheet approach” led to a decline in the use of balance sheet covenants?

Demerjian, Peter R. - In: Journal of Accounting and Economics 52 (2011) 2, pp. 178-202

Recent years have seen a sharp decline in the use of balance sheet-based covenants in private debt contracts. I hypothesize that changes in accounting standards can explain part of this decline. Standard setting has shifted towards a “balance sheet approach”, which I predict has made the...

Persistent link: https://www.econbiz.de/10011043062

The information content of annual earnings announcements and mandatory adoption of IFRS

Landsman, Wayne R.; Maydew, Edward L.; Thornock, Jacob R. - In: Journal of Accounting and Economics 53 (2012) 1, pp. 34-54

trading volume – increases in countries following mandatory IFRS adoption, and conditions and mechanisms through which … increases occur. Findings suggest information content increased in 16 countries that mandated adoption of IFRS relative to 11 … that maintained domestic accounting standards, although the effect of mandatory IFRS adoption depends on the strength of …

Persistent link: https://www.econbiz.de/10010576560

The unintended consequences of PCAOB auditing Standard Nos. 2 and 3 on the reliability of preliminary earnings releases

Bronson, Scott N.; Hogan, Chris E.; Johnson, Marilyn F.; … - In: Journal of Accounting and Economics 51 (2011) 1, pp. 95-114

Implementation of Public Company Accounting Oversight Board Auditing Standards No. 2 on internal control and No. 3 on documentation has delayed audit completion. However, due to market demand for timely disclosures, most firms maintain the same preliminary earnings release date even though the...

Persistent link: https://www.econbiz.de/10010572405

The Sarbanes–Oxley act and cross-listed foreign private issuers

Li, Xi - In: Journal of Accounting and Economics 58 (2014) 1, pp. 21-40

I examine the short- and long-term impact of the 2002 Sarbanes–Oxley Act (SOX) on cross-listed foreign private issuers. Both short- and long-term test results suggest that the costs of SOX compliance significantly exceed its benefits and reduce the net benefits of cross-listings.

Persistent link: https://www.econbiz.de/10010906418

1
2
3
4
5
6
7
8
9
Next
Last