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Myth : external financial reporting quality has a 1st order effect on firm value

Zimmerman, Jerold L. - 2012

I argue that external financial reporting quality has at best a 2nd order effect on firm value of U.S. publicly traded companies and that attempts to improve a firm's external reporting quality has a 3rd order effect on these firms' value. Recognizing that external financial reporting quality is...

Persistent link: https://www.econbiz.de/10010250808

Private company finance and financial reporting

Hope, Ole-Kristian; Vyas, Dushyantkumar - 2017

This article provides a comprehensive assessment of private firms' financing sources and their relation with financial reporting practices. We consider debt financing (bank financing, leasing, and government guarantees), equity financing (family ownership, government ownership, employee...

Persistent link: https://www.econbiz.de/10011646298

Causal inference in accounting research

Gow, Ian D.; Larcker, David F.; Reiss, Peter C. - 2016

This paper examines the approaches accounting researchers adopt to draw causal inferences using observational (or nonexperimental) data. The vast majority of accounting research papers draw causal inferences notwithstanding the well-known difficulties in doing so. While some recent papers seek...

Persistent link: https://www.econbiz.de/10011864867

How do accounting standards and insiders' incentives affect earnings management? Evidence from China

Zhang, Yuyang; Uchida, Konari; Bu, Hua - In: Emerging Markets Review 16 (2013) C, pp. 78-99

Chinese listed companies recently experienced two important institutional changes: split share structure reform (SSSR) and the mandatory adoption of IFRS-convergent new accounting standards (NAS). We find that the introduction of NAS significantly increased earnings management. Although we do...

Persistent link: https://www.econbiz.de/10010682552

Management control in service activities : a 'new frontier'?

Malleret, Véronique - 2015

The first part of the paper presents the specificities of management control in service activities. The second part of … paper addresses the problems specific to the control of service companies. Based on a general model of cost vale creation in … a service company, it discusses some issues related to the organisation of control in multi-site and network companies …

Persistent link: https://www.econbiz.de/10010504005

Competency Management: Balancing Between Commitment and Control

Heinsman, Hanneke; Hoogh, Annebel H.B. de; Koopman, Paul L. - In: management revue. Socio-economic Studies 17 (2006) 3, pp. 292-306

This study investigated the relationships between commitment and control approaches and the use of competency … and control approaches and the use of competency management (behavior). Regression analysis showed that perceived … behavioral control mediated the relation between commitment approach and behavior. Furthermore, the data revealed that attitude …

Persistent link: https://www.econbiz.de/10005771526

Procurement and Governance Management ? Development of a Conceptual Procurement Model Based on Different Types of Control

Eriksson, Per Erik - In: management revue. Socio-economic Studies 17 (2006) 1, pp. 30-49

buying process, regarding different types of control, will affect the mechanisms? levels in the transaction relationship. The …

Persistent link: https://www.econbiz.de/10005704621

Value relevance of earnings, book value and dividends in an emerging capital market: Kuwait evidence

Al-Hares, Osama M.; AbuGhazaleh, Naser M.; Haddad, Ayman E. - In: Global Finance Journal 23 (2012) 3, pp. 221-234

This study examines the value relevance of book value, earnings and dividends for a sample of all non-financial firms listed on the Kuwait Stock Exchange (KSE) over the period 2003–2009. After controlling for the impact of the global financial crisis, empirical results provide evidence on the...

Persistent link: https://www.econbiz.de/10010593850

The information content of annual earnings announcements and mandatory adoption of IFRS

Landsman, Wayne R.; Maydew, Edward L.; Thornock, Jacob R. - In: Journal of Accounting and Economics 53 (2012) 1, pp. 34-54

This study examines whether the information content of earnings announcements – abnormal return volatility and abnormal trading volume – increases in countries following mandatory IFRS adoption, and conditions and mechanisms through which increases occur. Findings suggest information content...

Persistent link: https://www.econbiz.de/10010576560

The implied cost of capital: A new approach

Hou, Kewei; Dijk, Mathijs A. van; Zhang, Yinglei - In: Journal of Accounting and Economics 53 (2012) 3, pp. 504-526

We use earnings forecasts from a cross-sectional model to proxy for cash flow expectations and estimate the implied cost of capital (ICC) for a large sample of firms over 1968–2008. The earnings forecasts generated by the cross-sectional model are superior to analysts' forecasts in terms of...

Persistent link: https://www.econbiz.de/10010576563