Using a sample of non-U.S. borrowers from 40 countries during 1997ndash;2005, this paper investigates the effect of the voluntary adoption of International FinancialReporting Standards (IFRS) on price and non-price terms of loan contracts and loan ownership structure in the international loan...

Using a large sample of U.S. audit client firms over the period 2000-2005, this paper investigates whether and how the size of a local practice office within an audit firm (henceforth, office size) is a significant, engagement-specific factor determining audit quality and audit fees over and...

In this research note, we review 35 recent articles in leading accounting journals that performed a logistic regression or a standard linear regression analysis based on OLS for a binary dependent variable. Our review shows that many of these articles have ambiguities and even outright errors in...

We examine the association between real earnings management and the cost of new bond issues of U.S. corporations. We consider three types of real earnings management: sales manipulation, overproduction, and the abnormal reduction of discretionary expenditures. We find that overproduction impairs...

We investigate the effect of board governance and takeover protection on real earnings management. Four types of real earnings management are considered: sales manipulation, overproduction, the abnormal reduction of research and development (R&D) expenses, and the abnormal reduction of other...

Using a sample of non-U.S. firms from 22 countries during 2003–2007, we examine the effect of firm-level governance on various features of loan contracting in the international loan market. We find that banks charge lower loan rates, offer larger and longer-maturity loans, and impose fewer...