-run sustainability of common pricing anomalies. They also highlight potential benefits to society of mark-to-market accounting …

This study explores the governance role of accounting conservatism by investigating changes in financial reporting … find that conditional accounting conservatism increased significantly after the passage of state anti-takeover legislation … consistent with accounting conservatism acting as a substitute internal governance mechanism for the weakened external governance …

-in-differences methodology and accounting conservatism measures that are congruent with this methodology, we find that conditional accounting … conservatism increased significantly after the passage of state anti-takeover laws consistent with accounting conservatism acting …This study explores the impact of state anti-takeover laws on the governance role of conditional accounting …

quality of accounting information (or “accounting quality”) is one such information imperfection that is associated with cross …-sectional variation in stock price delay. We define accounting quality as the precision with which financial reports convey information to … equity investors about the firm's expected cash flows. Poor accounting quality is likely associated with higher expected …

We test the hypotheses that (i) poor accounting quality is associated with delayed stock price adjustment to … information, and (ii) the accounting quality component of price delay predicts stock returns. We define accounting quality as the … results suggest poor accounting quality is associated with less timely price adjustment and higher future stock returns …

This paper provides a selective survey of Ohlson and Vuolteenaho-type accounting valuation models. The focus is on the …

This study tests whether IFRS adoption increased accounting transparency based on model-driven hypotheses. Duffie and …. Overall, this study provides strong evidence that IFRS adoption increased accounting transparency … Lando (2001) show that changes to accounting transparency affect the spread/maturity relation of CDS instruments in very …

This study tests whether IFRS adoption increased accounting transparency based on model-driven hypotheses. Duffie and …. Overall, this study provides strong evidence that IFRS adoption increased accounting transparency … Lando (2001) show that changes to accounting transparency affect the spread/maturity relation of CDS instruments in very …

This study compares the pricing of credit risk information conveyed by accounting numbers under IFRS relative to local … to and after IFRS adoption, the adoption of IFRS did not change the credit risk informativeness of these accounting … GAAP. We measure the price of credit risk by CDS spreads and focus on three fundamental accounting metrics that inform …