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The effect of enforcement on timely loss recognition: Evidence from insider trading laws
Jayaraman, Sudarshan - In: Journal of Accounting and Economics 53 (2012) 1, pp. 77-97
influence on timely loss recognition (TLR). Consistent with greater enforcement increasing the usefulness of accounting …) measure of accounting conservatism to a cross-country setting. …
Persistent link: https://www.econbiz.de/10010572419
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Challenges and opportunities in disclosure research—A discussion of ‘the financial reporting environment: Review of the recent literature’
Berger, Philip G. - In: Journal of Accounting and Economics 51 (2011) 1, pp. 204-218
Beyer et al. (2010) review the financial reporting literature related to voluntary and mandatory firm disclosures, and sell-side analyst reports. The discussion summarizes their approach, highlights some of their main conclusions, and presents alternative ideas about promising avenues for future...
Persistent link: https://www.econbiz.de/10011043081
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Towards an understanding of the role of standard setters in standard setting
Allen, Abigail; Ramanna, Karthik - In: Journal of Accounting and Economics 55 (2013) 1, pp. 66-90
characteristics of FASB members and SEC commissioners predict the accounting “reliability” and “relevance” of proposed standards …
Persistent link: https://www.econbiz.de/10011043078
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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
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Differences in the information environment prior to seasoned equity offerings under relaxed disclosure regulation
Clinton, Sarah B.; White, Joshua T.; Woidtke, Tracie - In: Journal of Accounting and Economics 58 (2014) 1, pp. 59-78
The SEC promulgated the Securities Offering Reform (SOR) in 2005 to ease disclosure restrictions prior to seasoned equity offerings (SEOs). The SEC argued that SOR would improve the information environment, but critics claimed it would allow firms to hype their stock. This paper is the first to...
Persistent link: https://www.econbiz.de/10010906419
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Public pension accounting rules and economic outcomes
Naughton, James; Petacchi, Reining; Weber, Joseph - In: Journal of Accounting and Economics 59 (2015) 2, pp. 221-241
Accounting Standards Board (GASB) rules to understate pension funding gaps. We also find that the use of discretion is negatively …
Persistent link: https://www.econbiz.de/10011208573
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Creditor control rights, state of nature verification, and financial reporting conservatism
Tan, Liang - In: Journal of Accounting and Economics 55 (2013) 1, pp. 1-22
I examine the impact of state-contingent allocation of creditor control rights on financial reporting. Using a discontinuity analysis, I find that firms' financial reporting becomes more conservative immediately after covenant violations and this effect persists for at least eight quarters. The...
Persistent link: https://www.econbiz.de/10010608146
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Assessing methods of identifying management forecasts: CIG vs. researcher collected
Chuk, Elizabeth; Matsumoto, Dawn; Miller, Gregory S. - In: Journal of Accounting and Economics 55 (2013) 1, pp. 23-42
This paper examines the characteristics of management forecasts available on Thomson First Call’s Company Issued Guidance (CIG) database relative to a sample of forecasts hand-collected through a search of company press releases. Due to the significantly lower cost of using CIG (relative to...
Persistent link: https://www.econbiz.de/10010608147
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Non-discretionary conservatism: Evidence and implications
Lawrence, Alastair; Sloan, Richard; Sun, Yuan - In: Journal of Accounting and Economics 56 (2013) 2, pp. 112-133
A large body of accounting research finds that various contracting incentives lead managers to engage in conservative … accounting practices. We extend existing research by modeling the impact of extant accounting rules on conservative accounting …. Accounting rules typically require assets to be written down when their fair values drop sufficiently below their book values. We …
Persistent link: https://www.econbiz.de/10010729557
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Did the SEC impact banks' loan loss reserve policies and their informativeness?
Beck, Paul J.; Narayanamoorthy, Ganapathi S. - In: Journal of Accounting and Economics 56 (2013) 2, pp. 42-65
reserves. Their intervention in bank accounting culminated in 2001 with new guidance (SAB 102) designed to improve financial …
Persistent link: https://www.econbiz.de/10010729558