Based on data simulated using a modified Ohlson (1995) valuation model, we investigate effects on inferences of five potential scale-related effects: multiplicative and additive omitted scale factors, scale-varying coefficients, survivorship, and heteroscedasticity. We find that diagnostics...

We synthesize and extend research exploring differences between U.S. and other countries' GAAP by investigating whether differences between domestic and U.S. GAAP for U.S.- listed U.K., Australian, and Canadian firms are associated with firms' returns and prices. The accounting differences we...

We synthesize and extend research exploring differences between U.S. and other countries' GAAP by investigating whether differences between domestic and U.S. GAAP for U.S.- listed U.K., Australian, and Canadian firms are associated with firms' returns and prices. The accounting differences we...