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Cost of capital and earnings transparency

Barth, Mary E.; Konchitchki, Yaniv; Landsman, Wayne R. - In: Journal of Accounting and Economics 55 (2013) 2, pp. 206-224

We provide evidence that firms with more transparent earnings enjoy a lower cost of capital. We base our earnings transparency measure on the extent to which earnings and change in earnings covary contemporaneously with returns. We find a significant negative relation between our transparency...

Persistent link: https://www.econbiz.de/10010664195

The economic consequences associated with integrated report quality : capital market and real effects

Barth, Mary E.; Cahan, Steven F.; Chen, Li; Venter, Elmar R. - In: Accounting, organizations and society : an … 62 (2017), pp. 43-64

Persistent link: https://www.econbiz.de/10011793103

Cost of capital and earnings transparency

Barth, Mary E.; Konchitchki, Yaniv; Landsman, Wayne R. - In: Journal of accounting & economics 55 (2013) 2/3, pp. 206-224

Persistent link: https://www.econbiz.de/10009757315

Cost of capital and earnings transparency

Barth, Mary E.; Konchitchki, Yaniv; Landsman, Wayne R. - 2008

Persistent link: https://www.econbiz.de/10003847316

Discussion of "Why do pro forma and street earnings not reflect changes in GAAP? : evidence from SFAS 123R"

Christensen, Theodore E. - In: Review of accounting studies 17 (2012) 3, pp. 563-571

Persistent link: https://www.econbiz.de/10009616266

Why do pro forma and street earnings not reflect changes in GAAP? : evidence from SFAS 123R

Barth, Mary E.; Gow, Ian D.; Taylor, Daniel J. - In: Review of accounting studies 17 (2012) 3, pp. 526-562

Persistent link: https://www.econbiz.de/10009616270

Disentangling mandatory IFRS reporting and changes in enforcement

Barth, Mary E.; Israeli, Doron - In: Journal of Accounting and Economics 56 (2013) 2, pp. 178-188

We discuss “Mandatory IFRS Reporting and Changes in Enforcement” by Christensen, Hail, and Leuz (CHL, in this issue). We begin by discussing CHL in the context of prior literature, and subsequently discuss the research design, results, and inferences. CHL seeks to contribute to the...

Persistent link: https://www.econbiz.de/10011043076

Bank Earnings and Regulatory Capital Management Using Available for Sale Securities

Barth, Mary E.; Gomez-Biscarri, Javier; Kasznik, Ron; … - Graduate School of Business, Stanford University - 2014

We address banks' use of available-for-sale (AFS) securities to manage earnings and regulatory capital. Although prior research investigates banks' use of realized securities gains and losses to smooth earnings and regulatory capital, results are mixed. Creation of AFS securities and enhanced...

Persistent link: https://www.econbiz.de/10011183909

Non-GAAP and Street Earnings: Evidence from SFAS 123R

Barth, Mary E.; Gow, Ian D.; Taylor, Daniel J. - Graduate School of Business, Stanford University - 2010

This study examines how key market participants-managers and analysts-responded to SFAS 1 23R's controversial …' managers exclude it from non-GAAP earnings and some firms' analysts exclude it from Street earnings. We find evidence … consistent with managers opportunistically excluding the expense to increase earnings, smooth earnings, and meet earnings …

Persistent link: https://www.econbiz.de/10010627778

Fair Value Accounting, Earnings Management and the use of Available-for-Sale Instruments by Bank Managers

Barth, Mary E.; Gomez-Biscarri, Javier; Kasznik, Ron; … - School of Economics and Business Administration, … - 2012

Fair value accounting in banking has been criticized for the increased volatility that it generates in some accounting variables. One of its advantages, however, is that it reduces the possibility of discretionary earnings management, given that all gains and losses are immediately recognized....

Persistent link: https://www.econbiz.de/10010612040