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The Implications of Accounting Distortions and Growth for Accruals and Profitability

Richardson, Scott A.; Sloan, Richard G.; Soliman, Mark T.; … - 2006

literature follows Sloan's lead in arguing that this result is attributable to accounting distortions (Xie, 2001; Dechow and … indicating that temporary accounting distortions are a significant contributing factor to the lower persistence of the accrual …

Persistent link: https://www.econbiz.de/10014060551

Financial Reporting Fraud and Other Forms of Misconduct : A Multidisciplinary Review of the Literature

Amiram, Dan - 2018

perspectives of law, accounting, and finance. Our goals are to establish a common language for researchers interested in this line …

Persistent link: https://www.econbiz.de/10012933126

Stock Prices and Earnings: A History of Research

Dechow, Patricia M.; Sloan, Richard G.; Zha, Jenny - In: Annual Review of Financial Economics 6 (2014) 1, pp. 343-363

Accounting earnings summarize periodic corporate financial performance and are key determinants of stock prices. We … review research on the usefulness of accounting earnings, including research on the link between accounting earnings and firm … value and research on the usefulness of accounting earnings relative to other accounting and nonaccounting information. We …

Persistent link: https://www.econbiz.de/10011094535

Implications of Nondiscretionary Accruals for Earnings Management and Market-Based Research

Dechow, Patricia; Sabino, Jowell S.; Sloan, Richard G. - 2005

This paper evaluates the implications of nondiscretionary accruals for earnings management and market-based accounting …

Persistent link: https://www.econbiz.de/10014222205

Gaap Versus the Street : An Empirical Assessment of Two Alternative Definitions of Earnings

Bradshaw, Mark T; Sloan, Richard G. - 2010

accounting research. Our results show that over the past 20 years there has been a dramatic increase in the frequency and …

Persistent link: https://www.econbiz.de/10014115088

Do Analysts and Auditors Use Information in Accruals?

Bradshaw, Mark T; Richardson, Scott A.; Sloan, Richard G. - 2004

Existing research indicates that firms with high accruals are more likely to experience future earnings problems, but that investors' expectations, as reflected in stock prices, do not appear to anticipate these problems. In this paper, we directly examine the published opinions of two types of...

Persistent link: https://www.econbiz.de/10014123044

Why Are Losses Less Persistent than Profits? Curtailments versus Conservatism

Lawrence, Alastair - 2016

recognition stemming from conservative accounting (e.g., Basu 1997). We provide direct evidence that curtailments are an important …

Persistent link: https://www.econbiz.de/10013006609

Implied Equity Duration : A Measure of Pandemic Shutdown Risk

Dechow, Patricia; Erhard, Ryan; Sloan, Richard G.; … - 2021

Implied equity duration was originally developed to analyze the sensitivity of equity prices to discount rate changes. We demonstrate that implied equity duration is also useful for analyzing the sensitivity of equity prices to pandemic shutdowns. Pandemic shutdowns primarily impact short‐term...

Persistent link: https://www.econbiz.de/10013234191

The Accrual Anomaly

Dechow, Patricia - 2011

This paper provides a practitioner-oriented review of the accrual anomaly in Sloan (1996) and related subsequent research. We begin with two simple examples that illustrate the computation and interpretation of accruals. We next review Sloan's (1996) original paper and related subsequent...

Persistent link: https://www.econbiz.de/10013128072

Who's the Fairest of Them All? Evidence from Closed-End Funds

Lawrence, Alastair - 2016

Prior research examining the ASC 820 fair value hierarchy concludes that Level 3 fair value measurements are significantly less value relevant than Level 1 and Level 2 fair value measurements. We reevaluate this conclusion using the closed-end fund setting, in which fair value measurements are...

Persistent link: https://www.econbiz.de/10013007158