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Do the FASB's standards add shareholder value?
Khan, Urooj; Li, Bin; Rajgopal, Shivaram; … - In: The accounting review : a publication of the American … 93 (2018) 2, pp. 209-247
Persistent link: https://www.econbiz.de/10011858929
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Do the FASB's Standards Add Shareholder Value?
Khan, Urooj - 2017
We examine the cost-effectiveness, from the shareholders' perspective, of the accounting standards issued by the FASB during 1973-2009. In particular, we evaluate (i) the stock market reactions of firms affected by the standards surrounding events that changed the probability of issuance of...
Persistent link: https://www.econbiz.de/10012959260
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A Guide to Earnings Quality
Dichev, Ilia D. - 2013
This teaching guide is based on a comprehensive survey as well as in-depth interviews of Chief Financial Officers (CFOs). We ask the CFOs about the definition and drivers of earnings quality, with a special emphasis on the prevalence and detection of earnings misrepresentation. CFOs believe that...
Persistent link: https://www.econbiz.de/10013073661
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The Misrepresentation of Earnings
Dichev, Ilia D. - 2015
We ask nearly 400 CFOs about the definition and drivers of earnings quality, with a special emphasis on the prevalence and detection of earnings misrepresentation. CFOs believe that the hallmarks of earnings quality are sustainability, absence of one-time items, and backing by actual cash flows....
Persistent link: https://www.econbiz.de/10013034441
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A Perspective on the SEC's Proposal to Accept Financial Statements Prepared in Accordance with International Financial Reporting Standards (IFRS) Without Reconciliation to U.S. GAA...
Jamal, Karim - 2013
statements prepared in accordance with international financial reporting standards (IFRS) without reconciliation to U.S. GAAP …. Accounting researchers have attempted to assess the quality of IFRS using different methods and criteria. While we are skeptical … of drawing direct conclusions about the SEC's proposal based on this research, there is adequate evidence that both IFRS …
Persistent link: https://www.econbiz.de/10012711326
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Do the FASB's Standards Add Shareholder Value?
Khan, Urooj - 2017
We examine the cost-effectiveness, from the shareholders' perspective, of the accounting standards issued by the FASB during 1973-2009. In particular, we evaluate (i) the stock market reactions of firms affected by the standards surrounding events that changed the probability of issuance of...
Persistent link: https://www.econbiz.de/10012950531
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The FASB's Conceptual Framework for Financial Reporting : A Critical Analysis by the American Accounting Association's Financial Accounting Standards Committee
Benston, George J. - 2013
This paper addresses the issues that confront the FASB and IASB in developing a new conceptual framework document. First, we suggest characteristics that a conceptual framework ought to exhibit. Most of these suggestions are based on our critique of the existing framework and the FASB-IASB work...
Persistent link: https://www.econbiz.de/10013080613
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The case for reinventing financial reporting in the 21st century
Srivastava, Anup; Rajgopal, Shivaram - In: Journal of applied corporate finance : JACF 34 (2022) 4, pp. 8-15
Persistent link: https://www.econbiz.de/10014279967
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Is Warren Buffett's Commentary on Accounting, Governance and Investing Practices Reflected in the Investment Decisions and Subsequent Influence of Berkshire Hathaway?
Bowen, Robert M. - 2013
We examine (i) whether the business practices of Berkshire Hathaway investees are consistent with Warren Buffett's public statements on what constitutes good accounting, governance and investing practices and (ii) whether these practices are associated with Berkshire's initial “selection” or...
Persistent link: https://www.econbiz.de/10013092752
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Is Silence Golden? An Empirical Analysis of Firms that Stop Giving Quarterly Earnings Guidance
Chen, Shuping; Matsumoto, Dawn A.; Rajgopal, Shivaram - 2006
We investigate a sample of 96 firms that publicly renounced quarterly EPS guidance in the post-FD period (10/2000 to 1/2006). We find that stoppers have poor trailing stock return performance and lower institutional ownership. We document an average -4.8% three-day return around the announcement...
Persistent link: https://www.econbiz.de/10014062011