In a recent US study, Lev and Zarowin (1999) documented a steady decline in the value relevance of financial statements over a twenty year period. They attribute this decline, in part, to the inadequate financial reporting of intangibles, and particularly US accounting requirements for the...

Summarizes previous research on the investment opportunity set (IOS) using price‐based and investment‐based proxies and variance measures; and develops hypotheses on the relationship between IOS, debt/equity ratios and dividend policies. Tests them on 1990‐1998 data from listed Australian...

Outlines the rapid growth of “new economy” companies in Australia and compares their levels of earnings management with “old economy” firms, using data on all Australian listed companies. Reviews the relevant research, explains the methodology and presents the results. Shows that the old...

Outlines Australia’s adoption of the direct method of cash flow reporting and presents a survey of 83 loan officers and 76 financial analysts to assess its decision relevance compared with traditional financial statements for commercial loan and investment decisions. Finds both groups (but...

This volume draws together contemporary topics, themes and methodologies in the field of sustainability reporting and assurance to reveal how sustainability information is actually used, interpreted and processed by internal and external users.

Development of financial accounting theory / by Stewart Jones -- History of financial accounting theory in Britain / by Richard Edwards -- Financial accounting and reporting in the United States of America : 1820-2010, toward the sunshine from the shadows / by Gary J Previts and Dale L Flesher...

1. Development of financial accounting theory / Stewart Jones -- 2. History of financial accounting theory in Britain / John Richard Edwards -- 3. Financial accounting and reporting in the United States of America: 1820 to 2010 : toward the sunshine from the shadows / Gary J. Previts and Dale L....

Introduction -- The Evolution of Corporate Social Responsibility Concepts -- The Rise of Social Impact Investing -- Evaluating Alternative Types of Social Impact Investments -- International Approaches to Growing and Regulating the Social Impact Investment Market -- Towards a Viable SII Market...