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Korea adopted Regulation Fair Disclosure (FD) in November 2002. Regulation FD, designed with a goal of levelling the playing field among market participants, has created considerable debate among practitioners and academics. This thesis examines the effect of Regulation FD on the Korean...
This thesis aims to add empirical evidence to the corporate finance literature by looking at two main financing issues, namely firms’ payout policies and capital structure decisions, in the context of emerging markets. The thesis consists of seven chapters, including five main standalone...
We examine whether UK firms engage in earnings management or forecast guidance to ensure that their reported earnings meet analyst earnings expectations. We explore two earnings management mechanisms: (a) positive abnormal working capital accruals; and (b) classification shifting of core...
We examine the economic consequences of the mandatory adoption of IFRS in EU countries by showing which types of economies have the largest reduction in investment-cash flow sensitivity post-IFRS. We also examine whether the reduction in investment-cash flow sensitivity depends on firm size as...
This study explores the market response to achieving analyst earnings expectations, distinguishing between expectations achieved through earnings forecast guidance and earnings management. We consider three earnings management tools: real earnings management, working capital accruals management,...
This paper introduces a model seeking to explain the discretionary write-downs, write-offs, and other restructuring provisions reported by managers. The model comprises a firm, a manager, and a financial market. The firm is about to be restructured. The manager has some private information about...
accounting items because managers view these as a temporary fluctuation in profitability. Leverage is found to have some role in …
It is contended in a body of management accounting literature that financial performance measures are being rendered …
Recent research into management accounting practices suggests that companies are now placing considerable emphasis on … profitability analysis and consider it to be one of the most important management accounting practices. There is however little …
This thesis aims to trace the development of management accounting systems (MAS) in a Portuguese bank, where an … of accounting practices on change from three perspectives - changing structures, changing discourses and the effect of … increase of visibility and perceived importance of accounting in the banking sector, and how accounting is significant beyond …