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Testing the Transparency Implications of Mandatory IFRS Adoption : The Spread/Maturity Relation of Credit Default Swaps

Bhat, Gauri - 2015

This study tests whether IFRS adoption increased accounting transparency based on model-driven hypotheses. Duffie and Lando (2001) show that changes to accounting transparency affect the spread/maturity relation of CDS instruments in very specific ways. Consistent with their model, we find that...

Persistent link: https://www.econbiz.de/10013033354

Testing the Transparency Implications of Mandatory IFRS Adoption : The Spread/Maturity Relation of Credit Default Swaps

Bhat, Gauri - 2015

Persistent link: https://www.econbiz.de/10013018511

Just-in-Time : A Cross-Sectional Plant Analysis

Callen, Jeffrey L. - 2004

performance of Just-in-time and non-JIT plants operating in the auto-parts and electronic components manufacturing industries. The …

Persistent link: https://www.econbiz.de/10012786296

Accounting Restatements : Are They Always Bad News for Investors?

Callen, Jeffrey L. - 2013

This study investigates a large sample of financial statement restatements over the period 1986-2001, and compares restatements caused by changes in accounting principles to those caused by errors. Typically, investors perceive restatements as negative signals due to three potential reasons: (i)...

Persistent link: https://www.econbiz.de/10012754468

The Pricing of Conservative Accounting and the Measurement of Conservatism at the Firm-Year Level

Callen, Jeffrey L. - 2013

This paper analyzes the relation between equity prices and conditional conservatism and introduces a new measure of conservatism at the firm-year level. We show that the asymmetric properties of conservative accounting, the existence of non-accounting sources of information, and the properties...

Persistent link: https://www.econbiz.de/10012753418

Protection of Proprietary Information and Financial Reporting Opacity : Evidence from a Natural Experiment

Callen, Jeffrey L.; Fang, Xiaohua; Zhang, Wenjun - 2021

We utilize the staggered adoption of the Inevitable Disclosure Doctrine (IDD) by U.S. state courts as an exogenous shock to the proprietary costs of disclosure and study the impact of the IDD on corporate financial reporting policy. We find compelling evidence that firms headquartered in states...

Persistent link: https://www.econbiz.de/10013248833

Board Composition, Committees and Organizational Efficiency : The Case of Nonprofits

Callen, Jeffrey L. - 2014

This paper investigates the relationship between nonprofit board composition and organizational efficiency. Overall, we find a significant statistical association between the presence of major donors on the board and indicators of organizational efficiency. While proof of a causal link is beyond...

Persistent link: https://www.econbiz.de/10012752711

The Transfer of Intangible Assets and Intangible Rights : Talmudic, Medieval Post-Talmudic and Islamic Legal Literatures

Callen, Jeffrey L. - 2015

This study explores how legal institutions have the potential to change economic development outcomes. Talmudic law ostensibly precludes the transfer (sale) of intangible assets and intangible rights thereby limiting an agricultural society's ability to hedge risks and to raise financing. We...

Persistent link: https://www.econbiz.de/10013022037

The volatility of return revisions and financial statement literacy in emerging markets : the case of cross-listed Chinese firms

Callen, Jeffrey L.; Lai, Karen; Wei, Steven X. - 2016

Are foreign investors in emerging markets more financial statement literate than domestic investors? If so, this conjecture implies that foreign (domestic) investors are more likely to revise their return expectations to cash flow (discount rate) news. It also implies that cash flow news and...

Persistent link: https://www.econbiz.de/10011442813

An Empirical Analysis of the Incentive-Action-Performance Chain of the Principal-Agent Model

Callen, Jeffrey L.; Morel, Mindy; Fader, Christina - 2008

This study empirically investigates the incentive-action-performance chain on cross-sectional plant data in the context …-stage regressions to account for the potential endogeneity of the JIT adoption decision. We find that plant performance outcomes are … associated with performance incentives. However, we find that the JIT adoption decision is associated with incentives. We further …

Persistent link: https://www.econbiz.de/10014047606