This study investigates the impact of IFRS on income smoothing activities through loan lossprovisions of Australia and New Zealand banks for the period of 1995-2009. Prior to IFRSimplementation, bank loans provisioning is subject to managerial manipulation, possibly dueto the weakness in GAAP...

This paper examines the positive (scientific) approach to accounting research, defined here as any research intended to understand objective causes of human behaviour in accounting settings. It presents a set of ontological and epistemological assumptions which are minimally required for...

Building on Romano's analysis of the U.S. securities regulatory regime, we model competition between professional auditing associations. We show that such competition is an effective substitute for government regulation, providing an efficient means for auditors to signal their service quality....

Building on Romano's recent analysis of the United States securities regulatory regime, we model competition between professional auditing associations. We show that such competition is an effective substitute for government regulation, providing an efficient means for auditors to signal their...

Retail mortgage rate data for the last 13 years in New Zealand indicates that implied forward mortgage rates have only limited power to predict later spot mortgage rates. The low correlation of the forward rates and the future spot rates may in part arise from thin futures and forward markets in...

This paper examines the selection of data source and econometric technique for studies of banking efficiency using translog cost functions. We examine the use of Seemingly Unrelated Regression estimation for a cost function, as against estimation using Ordinary Least Squares. Choice of cost data...