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Are Accounting Standards Diversifiable? Evidence of the Aggregate Valuation Effects of Standards
Jorgensen, Bjorn N.; Li, Jing; Sadka, Gil - 2009
Prior research documents that individual stock returns respond to earnings differently under new accounting standards, regulations, or changes in enforcement. This paper examines whether this result extends to the aggregate stock market. We take a macro perspective and study the properties of...
Persistent link: https://www.econbiz.de/10009441198
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Equilibrium Earnings Management, Incentive Contracts, and Accounting Standards
Liang, Pierre Jinghong - 2003
In this paper, we model earnings management as a consequence of the interaction among self-interested economic agents -- namely, the managers, the shareholders, and the regulators. In our model, a manager controls a stochastic production technology and makes periodic accounting reports about his...
Persistent link: https://www.econbiz.de/10009441204
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Early adoption of accounting standards in the banking industry
Wang, I-Ling - 2011
I investigate whether U.S. bank holding companies choose early adoption of accounting standards to better access external financing. Both economic intuition and theories suggest that banks are motivated to take measures such as information disclosure to better access capital markets. Examining...
Persistent link: https://www.econbiz.de/10009477780
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Accounting for Stock Options: The Debate Continues
Cudd, Amy E.; Smalt, Steven W. - 2005
The accounting treatment of stock options issued to employees, not just those options issued to top executives, is one of many issues in the accounting profession being challenged and changed today. The debate regarding how to account for stock options has many nuances. For example, if stock...
Persistent link: https://www.econbiz.de/10009459024
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Assessing Internal Audit Quality
Gramling, Audrey A.; Vandervelde, Scott D. - 2006
Internal audit quality is an issue of great importance to both the internal and external audit professions. PCAOB Auditing Standard No 2 highlights this importance when addressing the reliance that the external auditor can place on the internal audit work product. The study discussed here...
Persistent link: https://www.econbiz.de/10009459076
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Economic Loan Loss Provision and Expected Loss
Hlawatsch, Stefan; Ostrowski, Sebastian - 2010
according to IFRS. Therefore, differences between loan loss provisions and expected losses should only result from different … loan that is in favor of the basic idea of IFRS. Suggestions for changes in current accounting and capital requirement …
Persistent link: https://www.econbiz.de/10009447485
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Analysts' Forecast Accuracy in Germany: The Effect of Different Accounting Principles and Changes of Accounting Principles
Ernstberger, Jürgen; Krotter, Simon; Stadler, Christian - 2008
This paper assesses the influence of an adoption of IAS/IFRS or US GAAP on the financial analysts’ forecast accuracy in … IFRS or US GAAP data than for forecasts based on German GAAP data.Moreover, in the year of switching from German GAAP to US …
Persistent link: https://www.econbiz.de/10009447490
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Market Value vs Historical Cost Valuations of Fixed Assets in the Context of International Convergence
Varga, Alexander Y - 2011
The purpose of this paper is to discuss the differences between accounting for fixed assets under IFRS and U.S. GAAP … IASB to converge U.S. GAAP with IFRS?  The paper will start by establishing that financial reporting, as it has evolved in …
Persistent link: https://www.econbiz.de/10009468753
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U.S. GAAP Convergence to IFRS and the Risk Implications Involved in Convergence
Salzman, Benjamin J. - 2011
The purpose of this thesis is to examine in depth the process of U.S. GAAP convergence to IFRS. The thesis begins by … Understanding, and even possibly adopting IFRS, are covered next. The risk implications if the United States were to adopt IFRS as … it stands today are examined. There are numerous short-term risks if the U.S. adopts IFRS immediately, many of which …
Persistent link: https://www.econbiz.de/10009468755
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Accounting Standards and International Portfolio Holdings: Analysis of Cross-border Holdings Following Mandatory Adoption of IFRS.
Yu, Gowoon - 2010
of international mutual funds, I find that harmonizing accounting standards (adoption of IFRS) increases foreign mutual …
Persistent link: https://www.econbiz.de/10009477438