Contemporary Issues in Accounting Regulation looks at accounting regulation in a different way. The opening chapters explore the tension between the power of the state and the forces of the market, and other aspects of the political dimension to accounting regulation. The book also examines the...

Purpose – Prior accounting research views impression management predominantly though the lens of economics. Drawing on social psychology research we provide an alternative perspective on corporate annual narrative reporting as characterised by conditions of ‘ex post accountability' (Aerts,...

This study analyses the relationship between financial transparency and price informativeness with respect to forward earnings for a sample of European firms. Price informativeness is defined in the context of the amount of information reflected in current returns about future and current...

By arranging the accrual accounting identity as a hierarchy of market response models, this paper investigates whether current and noncurrent accruals have incremental information content beyond earnings. The results indicate that the increase in explanatory power attributable to funds flow and...

The use of financial ratios by analysts to compare the performance of firms from one accounting period to the next is of growing importance with continued European economic integration. Recent studies suggest that the individual component series of financial ratios exhibit nonstationarity which...

Previous studies provide conflicting evidence on the time series properties of company financial ratios, claiming either that the components of ratios exhibit nonstationarity which is not eliminated by the ratio transformation, or that a unit root in the components may be rejected which implies...