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Externalities of public firm presence: Evidence from private firms' investment decisions
Badertscher, Brad; Shroff, Nemit; White, Hal D. - In: Journal of Financial Economics 109 (2013) 3, pp. 682-706
Public firms provide a large amount of information through their disclosures. In addition, information intermediaries publicly analyze, discuss, and disseminate these disclosures. Thus, greater public firm presence in an industry should reduce uncertainty in that industry. Following the...
Persistent link: https://www.econbiz.de/10010681717
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The Role of Corporate Governance in Risk Management
Cristina, Sãveanu - In: Ovidius University Annals, Economic Sciences Series XII (2012) 2, pp. 88-93
Nowadays, the term corporate governance is more and more associated with risk management objectives. Its importance …, presenting the influences and interactions between the quality of corporate governance and risk management process. The paper …
Persistent link: https://www.econbiz.de/10010679446
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Aggregated, voluntary, and mandatory risk disclosure incentives: Evidence from UK FTSE all-share companies
Elshandidy, Tamer; Fraser, Ian; Hussainey, Khaled - In: International Review of Financial Analysis 30 (2013) C, pp. 320-333
This paper investigates the impact of corporate risk levels on aggregated, voluntary and mandatory risk disclosures in … systematic, financing risks and risk-adjusted returns and those with lower levels of stock return variability are likely to … exhibit significantly higher levels of aggregated and voluntary risk disclosures. The results also show that firms of large …
Persistent link: https://www.econbiz.de/10010730269
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Footnotes Aren't Enough: The Impact of Pension Accounting on Stock Values
Mitchell, Olivia; Coronado, Julia; Sharpe, Steven A.; … - National Bureau of Economic Research (NBER) - 2008
Some research has suggested that companies with defined benefit (DB) pensions are sometimes significantly misvalued by the market. This is because the measures of pension cost and pension net liabilities embedded in financial statements, taken at face value, can provide very misleading picture...
Persistent link: https://www.econbiz.de/10005088948
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A measurement approach to conservatism and earnings management
Gao, Pingyang - In: Journal of Accounting and Economics 55 (2013) 2, pp. 251-268
This paper formalizes a two-step representation of accounting measurement and uses it to formalize a general rationale for conservatism as a measurement principle. A transaction's economic substance manifests itself in characteristics of the transaction, and an accounting rule is a mapping from...
Persistent link: https://www.econbiz.de/10010664198
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Earnings Quality Differential Between Canadian and U.S. Public Companies
Gosalia, Kamalesh - Certified General Accountants Association of Canada - CGA - 2010
The quality of earnings is said to be high if it can be directly attributed to fundamental economic factors like higher revenues or lower costs rather than through accounting shenanigans. This study considers how the two different financial reporting regimes used in Canada and in the US impact...
Persistent link: https://www.econbiz.de/10008584592
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The Effects of IFRS on Financial Ratios: Early Evidence in Canada
Blanchette, Michel; Racicot, François-Éric; Girard, … - Certified General Accountants Association of Canada - CGA - 2011
This paper provides preliminary evidence of the impact on financial ratios caused by the transition to International Financial Reporting Standards (IFRS) in Canada. The main features of IFRS are explained in the context of a shift from Canadian Generally Accepted Accounting Principles (GAAP)...
Persistent link: https://www.econbiz.de/10009144860
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MD&A – Counterpart to or Distraction from Financial Reporting
Girdharry, Kevin; Simonova, Elena; Lefebvre, Rock - Certified General Accountants Association of Canada - CGA - 2011
MD&A content has been an ongoing topic of recent debate with the views divided on the impact that regulated content has on the quality of the MD&A. Complexity has amplified as a result of emerging issues of particular importance to investors such as transition to IFRS, the environment and...
Persistent link: https://www.econbiz.de/10009144863
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Accounting prescription and practice in nineteenth-century France. An analysis of bankruptcy cases
Labardin, Pierre - Université Paris-Dauphine (Paris IX) - 2011
Following Colbert's Ordonnance of 1673, most of whose provisions were reiterated in the Code de Commerce, 1807 and the Law of Bankruptcy, 1838, traders in France were under a legal obligation to keep accounts of their business activities. In the event of bankruptcy, traders were potentially...
Persistent link: https://www.econbiz.de/10011096661
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Transparency and disclosure between theory and practice. A case study of Romania
POPA, Adina; BLIDIEL, Rodica; BOGDAN, Victoria - Keleti Károly Gazdasági Kar, Óbudai Egyetem
As a modern system by which companies are directed and controlled (The Cadbury Report, 1992) – corporate governance have became in the last years a system implemented by more and more companies from developed countries and recently from developing once. Having as starting point one of the...
Persistent link: https://www.econbiz.de/10008527345