The authors examine the aggregate and distributional effects of the Tax Reform Act of 1986 on equity values of publicly traded corporations. The results show that the effect of the act on the aggregate equity value of corporations was consistent with the present value of the projected added tax...

Managers have the ability to time the disclosure of the non-cash component of earnings, which, is termed accrual information, to outside investors. They have the choice of disclosing accrual information at the earnings announcement or waiting until the filing date. This thesis examines whether...

Prior studies on the incremental predictive ability of accrual models over cash flow models with respect to future cash flows led to conflicting results. This paper extends the model of the accrual process developed by Barth, Cram, and Nelson (2001) by including cash flow implications of growth...