This paper addresses an important issue of presentation in the financial statements, namely the distinction between, on the one hand, the obligations and associated flows arising from the provision of finance to an entity ('financing') and, on the other hand, all other activities of the entity...

This paper makes two contributions. First, it demonstrates that income and expenses are incorrectly defined in the IASB's conceptual framework, and it proposes alternative definitions. Second, the paper identifies that, in part as a consequence of these incorrect definitions, and in part because...

In this paper we use interview data to explore the 'new shareholder activism' of mainstream UK institutional investors. We describe contemporary practices of corporate governance monitoring and engagement and how they vary across institutions, and explore the motivations behind them. Existing...

We draw on a series of in-depth interviews with senior managers from institutional investors and large listed corporations to explore how different conceptualizations of institutional investors, their role in the corporate governance process, and their interactions with corporate management, are...

Purpose - To explore the effects of meetings between company executives and fund managers. Design/methodology/approach - Recognizes the increasing importance of these face-to-face meetings, reviews relevant research and draws on information from interviews with finance directors and investor...

Government has been pressing one group in civil society - financial institutions - to regulate the behavior of another group - the companies in which they invest. We consider the implications of this and assess the prospects for success, drawing on evidence obtained in our recent study of the...

Income, expenses, gains, and losses with similar informational properties can, in principle, be aggregated and presented as subsets of comprehensive income without losing information. Of particular importance is the splitting of comprehensive income into earnings and all other items. Earnings is...

The article discusses the corporate shift toward global financial reporting standards, and what that change will mean to United States businesses. The article states that by 2005, there will likely be only two accounting boards with a dominating influence on global reporting: the Financial...

This paper examines analysts' use of earnings information and draws implications for the stock market role of the financial reporting regulator. Evidence from participant observation and from interview research suggests that: first, analysts treat the announcement of earnings with immediacy and...

Asserts that valuation models are not used exclusively to value shares, but that variables such as dividend yield are preferred by analysts to the dividend discount model. Surveys 42 questionnaires from financial analysts, 40 semi-structured interviews with finance directors, 32 with analysts,...