Showing 1 - 7 of 7
We use a cross-sectional valuation model that distinguishes between the operating and financial activities of the firm to examine the repercussions of three main alternative measures of pension expense. The GAAP Method recognizes a smoothed net pension expense, the NETCOST Method includes the...
Persistent link: https://www.econbiz.de/10009433598
We use a cross-sectional valuation model that distinguishes between the operating and financial activities of the firm to examine the repercussions of three main alternative measures of pension expense. The GAAP Method recognizes a smoothed net pension expense, the NETCOST Method includes the...
Persistent link: https://www.econbiz.de/10009433412
This paper investigates the association between auditor quality and the level of conservatism in reported earnings. Prior work has suggested auditor conservatism is influenced by auditors’ desire to prevent litigation and/or incurring reputational costs. To tease out the relative importance of...
Persistent link: https://www.econbiz.de/10009478132
Following Basu (1997), the difference between the sensitivity of accounting earnings to negative equity return (a proxy for bad news) and its sensitivity to positive equity return (a proxy for good news) has been interpreted as an indicator of conditional accounting conservatism. However, some...
Persistent link: https://www.econbiz.de/10009478134
Following Basu (1997), the excess of the sensitivity of accounting earnings to contemporaneous negative share return over its sensitivity to contemporaneous positive share return (the earnings-sensitivity difference (ESD)) has been widely interpreted as an indicator of...
Persistent link: https://www.econbiz.de/10009478137
This paper examines whether the incidence of earnings management in the UK depends on board monitoring. We focus on two aspects of board monitoring: the role of outside board members and the audit committee. Results indicate that the likelihood of managers making income-increasing abnormal...
Persistent link: https://www.econbiz.de/10009433582
Following Basu (1997), the difference between the sensitivity of accounting earnings to negative equity return (proxy for bad news) and its sensitivity to positive equity return (proxy for good news) is interpreted as an indicator of conditional accounting conservatism. However, there is concern...
Persistent link: https://www.econbiz.de/10009433643