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Evolution in value relevance of accounting information
Barth, Mary E.; Li, Ken; McClure, Charles - 2018
We address how value relevance of accounting information evolved as the new economy developed. Prior research concludes … accounting information—primarily earnings—has lost relevance. We consider more accounting amounts and find no decline in combined … price and accounting information that reflects the new economy …
Persistent link: https://www.econbiz.de/10011870279
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Choosing from multiple alternatives in cost-effectiveness analysis with fuzzy willingness-to-pay/accept and uncertainty
Jakubczyk, Michał - 2016
Persistent link: https://www.econbiz.de/10011487297
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A fuzzy model for sensitivity analysis in real options
Agliardi, Elettra; Guerrax, Maria Letizia; Stefanini, … - 2008
Persistent link: https://www.econbiz.de/10003911461
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Testing for distortions in performance measures : an application to residual income based measures like economic value added
Sloof, Randolph; Praag, Mirjam van - 2014
Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be dysfunctional (gaming). This paper applies the empirical test developed by Courty and Marschke (2008) to detect whether the widely used class of Residual Income based...
Persistent link: https://www.econbiz.de/10010350010
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Core earnings : new data and evidence
Rouen, Ethan; So, Eric; Wang, Charles C. Y. - 2020
Using a novel dataset, we show that components of firms' GAAP earnings stemming from ancillary business activities or transitory shocks are significant in frequency and magnitude. These components have grown over time and are dispersed across various sections of the 10-K. Excluding them from...
Persistent link: https://www.econbiz.de/10012174546
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Value Based Management auf Basis von ERIC
Velthuis, Louis John - 2004
shareholders and between management and shareholders, are considered. Accounting principles for determining residual income as ERIC … are established. It is shown that regarding these accounting principles can substantially diminish conflict of interest …
Persistent link: https://www.econbiz.de/10010265095
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Project selection, income smoothing, and Bayesian learning
Gaber, Christian - 2003
decisions between mutually exclusive investment opportunities. In a multiperiod agency setting, this paper analyses accounting …
Persistent link: https://www.econbiz.de/10010316305
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Die Bedeutung der Periodenerfolgsrechnung für die Investitionssteuerung. Der Fall ungleicher Zeitpräferenzen
Gillenkirch, Robert M.; Schabel, Matthias M. - 1999
This paper considers the role of accrual accounting in providing investment incentives. In a simple multiperiod … residual income. Conditions are analyzed under which accrual accounting improves the solution to the principal's problem in … comparison with a cash flow based performance fee. The role of accounting lies in (i) improving cash flow-sharing between …
Persistent link: https://www.econbiz.de/10010316314
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The Degradation of Distorted Performance Measures
Sloof, Randolph; van Praag, Mirjam - 2008
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...
Persistent link: https://www.econbiz.de/10010325988
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Testing for Distortions in Performance Measures: An Application to Residual Income Based Measures like Economic Value Added
Sloof, Randolph; van Praag, Mirjam - 2014
Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be dysfunctional (gaming). This paper applies the empirical test developed by Courty and Marschke (2008) to detect whether the widely used class of Residual Income based...
Persistent link: https://www.econbiz.de/10010377217