We examine whether accounting-based fundamental analysis can predict long term market performance in a strategic alliance context. We first evaluate whether Mohanram's (2005) G-Score explains differences in long-term buy and hold returns following announcements that firms have formed strategic...

We examine the impact of the alignment of internal control mechanisms (governance and management control systems) with external control mechanisms on market valuation and operating performance for 1,693 firm observations over the period 2000-2006 in high versus low-growth industries. The...

Over the period 1993-2001, this study examines whether the disclosure practices in the Management's Discussion and Analysis (MDamp;A) section and Part I of the annual report for 71 firms in four diverse industries (banking, airlines, pharmaceuticals and electronics manufacturing) are...

We investigate the relation between earnings predictability, information asymmetry and the behavior of the adverse selection cost component of the bid-ask spread around quarterly earnings announcements for NASDAQ firms. While we find an increase in the adverse selection component of the bid-ask...

Managers have long argued that the mandated disclosure of private cost information can affect a disclosing firm negatively as rival market participants can make strategic use of the information. In the presence of such quot;proprietary costs,quot; managers withhold private cost information to...

Many researchers have claimed that costing systems that provide materially more accurate or precise cost reports have a strict value-enhancing effect on decisions (i.e., Cooper 1988, 1995; Cooper and Kaplan 1991; Christensen and Sharp 1994; Rogers, Comstock and Pritz 1994; Swenson 1995; Gupta and King 1997)....

During the last ten years, there has been renewed interest in product costing systems. Many companies have made substantial investments in quot;new and betterquot; costing systems in an attempt to obtain more precise product cost information. In this paper we consider how firms competing in...

A recurring criticism of work relating to the impact of the accuracy of product cost information on firm profit is that many studies have ignored the cost of implementing or improving a cost reporting system. Second, previous studies have been set in monopolistic (Gupta and King 1994) or...