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Are stewardship and valuation usefulness compatible or alternative objectives of financial accounting?
Gassen, Joachim - 2008
In their joint framework project, the FASB and the IASB recently proposed dropping stewardship as a separate objective of financial accounting, because the Boards view stewardship and valuation usefulness as compatible sub-objectives ranking under an overall objective of decision usefulness....
Persistent link: https://www.econbiz.de/10010263727
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Accounting integration and comparability : evidence from relative performance evaluation around IFRS adoption
Wu, Joanna Shuang; Zhang, Ivy Xiying - 2010 - Rev.
peers' accounting performance around the mandatory adoption of International Financial Reporting Standards (IFRS). We find a …, consistent with greater financial reporting comparability associated with mandatory IFRS adoption. These findings cannot be … explained by changes in foreign ownership or changes in foreign operations around mandatory IFRS adoption. Furthermore, we find …
Persistent link: https://www.econbiz.de/10008695764
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The Economic Consequences of Financial Restatements : Evidence from the Market for Corporate Control
Amel-Zadeh, Amir - 2014
This paper investigates whether and how financial restatements affect the market for corporate control. We show that firms that recently filed financial restatements are significantly less likely to become takeover targets than a propensity score-matched sample of non-restating firms. For those...
Persistent link: https://www.econbiz.de/10013065529
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Outside Investor Access to Top Management : Market Monitoring vs. Stock Price Manipulation
Schroth, Josef - 2020
This paper studies the role of voluntary disclosure in crowding out independent research about firm value. In the model, when inside firm owners make it easier for outside investors to obtain inexpensive biased information from the manager, then investors rely less on costly unbiased research....
Persistent link: https://www.econbiz.de/10012826268
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The Effects of Corporate Governance and Product Market Competition on Analysts’ Forecasts : Evidence from the Brazilian Capital Market
Almeida, Jose Elias Feres de - 2015
We investigate how the interaction between product market competition and firm-level corporate governance enhances the accuracy of analysts' forecasts and reduces the forecasts' deviation. Using a sample of Brazilian public firms covered by analysts, we find that competitive industries provide...
Persistent link: https://www.econbiz.de/10013021973
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Managerial Entrenchment and Information Production
Lin, Chen - 2018
In this paper, we evaluate the effect of managerial entrenchment on corporate information production using the voting outcomes of shareholder-initiated proposals intended to mitigate managerial entrenchment. We focus on the proposals that are passed or rejected by a small margin of votes, which...
Persistent link: https://www.econbiz.de/10012932156
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A Golden Age in Setting National Accounting Standards : The UK’s Accounting Standards Board, 1990–2000
Meeks, Geoff - 2023
At the beginning of the 1990s UK accounting standards were described as a ‘laughing stock’. By the millennium they were widely acclaimed and in some respects world-leading. This paper explores some of the key technical advances in this period, and the political processes employed to secure...
Persistent link: https://www.econbiz.de/10014348913
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Estimation and empirical properties of a firm-year measure of accounting conservatism
Khan, Mozaffar; Watts, Ross L. - 2009 - Rev.
We estimate a firm-year measure of accounting conservatism, examine its empirical properties as a metric, and illustrate applications by testing new hypotheses that shed further light on the nature and effects of conservatism. The results are consistent with the measure, C_Score, capturing...
Persistent link: https://www.econbiz.de/10003948735
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Lagged Earnings Asymmetry in a Firm-Year Measure of Accounting Conservatism
Billings, Bruce K. - 2018
Khan and Watts (2009) develop a firm-year measure of conditional conservatism, labeled C_Score, that builds on the Basu (1997) asymmetric timeliness (AT) measure. However, recent research documents an asymmetric relation between lagged earnings and current returns, indicative of bias in the Basu...
Persistent link: https://www.econbiz.de/10012912364
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Determinants of Purchase Price Allocation Decisions - Accounting for Goodwill In IFRS and US-GAAP Business Combinations
Ott, Christian - 2011
standards for business combinations IFRS 3 and SFAS 141. The purchase price must be allocated to identifiable assets acquired … archival data for a random sample of 149 IFRS and US-GAAP business combinations of European and U.S. acquirer firms completed …
Persistent link: https://www.econbiz.de/10013133236