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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. GAAP

Jamal, Karim - 2013

The Securities and Exchange Commission (SEC) recently issued a call for comment on a proposal to accept financial statements prepared in accordance with international financial reporting standards (IFRS) without reconciliation to U.S. GAAP. Accounting researchers have attempted to assess the...

Persistent link: https://www.econbiz.de/10012711326

Comments by the American Accounting Association's Financial Accounting Standards Committee on the FASB's 'Conceptual Framework for Financial Reporting (Hereafter CF)', Call for Preliminary Views, July 6, 2006

Benston, George J. - 2013

The American Accounting Association's Financial Accounting Standards Committee is pleased to have an opportunity to express its views on the FASB's Call for Preliminary Views on its Conceptual Framework. We applaud the decision of the FASB to develop a Conceptual Framework and seek comments on...

Persistent link: https://www.econbiz.de/10012711583

CEO and CFO Career Penalties to Missing Quarterly Analysts Forecasts

Mergenthaler, Richard - 2012

This study examines whether the board of directors penalizes CEOs and CFOs in the form of bonus cuts, fewer equity grants, and forced turnover for the act of barely missing the latest consensus analyst forecast and whether such penalties are consistent with efficient contracting or fixation. We...

Persistent link: https://www.econbiz.de/10012712709

Accelerated Vesting of Employee Stock Options in Anticipation of FAS 123-R*

Venkatachalam, Mohan - 2012

In December 2004, the Financial Accounting Standards Board (FASB) mandated the use of a fair value based measurement attribute to value employee stock options (ESOs) via FAS 123-R. In anticipation of FAS 123-R, between March 2004 and November 2005, several firms accelerated the vesting of ESOs...

Persistent link: https://www.econbiz.de/10012713391

Financial Reporting Quality and Idiosyncratic Return Volatility Over the Last Four Decades

Rajgopal, Shivaram - 2010

Campbell, Lettau, Malkiel and Xu (2001) show that stock returns of individual firms have become more volatile in the U.S. since 1960. We hypothesize and find that deteriorating earnings quality is associated with higher idiosyncratic return volatility over the period 1962-2001. These results are...

Persistent link: https://www.econbiz.de/10012717765

CEO Reputation and Earnings Quality

Francis, Jennifer - 2007

earnings quality firms is that such firms require more talented managers and, therefore, employ more reputed CEOs …

Persistent link: https://www.econbiz.de/10012729851

A Catering Theory of Earnings Management

Rajgopal, Shivaram - 2007

We propose that earnings management is driven by the prevailing investor demand for earnings surprises. Managers cater …

Persistent link: https://www.econbiz.de/10012729965

Meeting or Beating Analyst Expectations in the Post-Scandals World : Changes in Stock Market Rewards and Managerial Actions

Koh, Kevin - 2007

-scandals period, managers tend to meet or just beat analysts' forecasts less often. Further, managers rely less on income …

Persistent link: https://www.econbiz.de/10012731968

Accounting Discretion, Corporate Governance and Firm Performance

Bowen, Robert M. - 2007

We investigate whether accounting discretion is (i) abused by opportunistic managers who exploit lax governance … structures, or (ii) used by managers in a manner consistent with efficient contracting and shareholder value-maximization. Prior … a link between poor governance and managers' accounting discretion. However, in the second stage we fail to detect a …

Persistent link: https://www.econbiz.de/10012732334

The Interaction between Accrual Management and Hedging : Evidence from Oil and Gas Firms

Rajgopal, Shivaram - 2015

which these firms are exposed that can cause earnings volatility. These are oil price risk and exploration risk. While firms … can hedge oil price risk with derivative instruments, markets do not exist in which firms can hedge the operational risk … fluctuations. We find that firms in our sample do not hedge all oil price risk they face, but instead appear to want to achieve …

Persistent link: https://www.econbiz.de/10012708315