In this article we discuss management accounting theory. We discuss the motivation for and roleof theory in management accounting, arguing that theories in an applied field such asmanagement accounting should provide explanations that are useful for those we study -managers, organizations and...

This paper investigates the association between industry concentration and stock returnon equity, persistence of returns and market to book value ratios of stocks in Australiabetween 1991 and 2003. During this period the market to book value ratios of firmsincreased steadily. Consistent with...

This study theoretically develops the exploratory findings from Hansen and Van derStede (2004), regarding alternative reasons to budget (RtB) in firms. Fouroperational RtB?s are proposed, which are developed from the two operational RtB?sused by Hansen and Van der Stede (2004). Using a similar...

This paper invest igates the management control system choices exercised by a multinational corporation headquarters to control a newly established wholly owned foreign subsidiary located in a t ransition economy. Specifically t his paper aims to identif y what the core ch allenges of...

This study investigates if there is a positive association between takeover premiums and the bidder?s perception of target firm auditor reputation and independence. Using auditor size as a proxy for auditor reputation, the results indicate that target shareholders receive a higher takeover...

This paper examines the question of how analysts forecast earnings. We examine the determinants of analysts? forecasts of both short and long run earnings. The paper is motivated by the importance of analyst forecasts as proxies for expected earnings, which is accompanied by a large literature...

This paper addresses the question of whether independent directors of the bidding firm are effective monitors during acquisitions and whether this effectiveness is impaired when the independent directors serve on multiple boards. The choice of the acquisition setting, where the board of...