Though ample empirical evidence alludes to the importance of disaggregated accounting data in the context of earnings management, extant accounting theory considers biases in reporting earnings mostly at the aggregated level of the reported earnings. By analyzing reporting manipulations at the...

Since 1974, Ramp;D expenditures have been fully expensed when incurred partly because Ramp;D activities are claimed to be associated with a high degree of uncertainty in future economic benefits. In this study, we estimate the association between Ramp;D expenditures and capital expenditures...

Part A – Accounting and Financial Reporting -- Chapter 1: Introduction to Accounting for Inter-Corporate Investments -- Chapter 2: Main Issues in Purchase Accounting -- Chapter 3: More Issues in Purchase Accounting -- Chapter 4: Spin-Offs and Equity Carve-Outs -- Chapter 5: Special Purpose...

Most agree that value-relevance and timeliness are two important and desirable attributes of financial information. In this study, we examine the value-relevance and timeliness of financial information under different information regimes: distinct trading mechanisms and different levels of...

We use pension asset allocation data to examine the relation between the expected long-term rate of return (ERR) on pension assets and the amount of funds allocated by fund managers to equity securities. If firms use their best estimate of the ERR, then cross-sectional differences in the ERR...