Den westlichen Industriegesellschaften steht ein dramatischer Wandel in der Altersstruktur bevor. Wallace beschreibt die Auswirkungen auf Finanzmärkte, Eigentumsverhältnisse, Wirtschaft, Gesellschaft und Kultur, Arbeitsmarkt sowie Rentensystem.

This article reviews the tax recognition issue associated a firm’s abandonment of, or federal tax disqualification from, using the “last-in, first-out” method of inventory accounting in light of the recent Securities and Exchange Commission movement towards requiring American publicly...

We examine whether financial analysts understand the valuation implications of unconditional accounting conservatism when forecasting target prices. While accounting conservatism affects reported earnings, conservatism per se does not have an effect on the present value of future cash flows. We...

We examine whether financial analysts understand the valuation implications of unconditional accounting conservatism when forecasting target prices. While accounting conservatism affects reported earnings, conservatism per se does not have an effect on the present value of future cash flows. We...