Journal ArticleJournal of Accounting and Public Policy · May 1, 2015
Over the past decade, expectations for more effective oversight of risks by boards of directors have significantly increased. These expectations emanate from stock exchanges, regulators, credit rating agencies and other key stakeholders. Proponents of enha ...
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Journal ArticleReview of Quantitative Finance and Accounting · October 1, 2012
In this paper, we examine the linkage between analyst advantage (AA) (compared to the seasonal random walk model) in the prediction of quarterly earnings-per-share (EPS) and a broad set of economic determinants. Specifically, we employ a pooled cross-secti ...
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Journal ArticleJournal of Risk and Insurance · March 1, 2011
We examine the characteristics of firms that adopt enterprise risk management (ERM) and find support for the hypothesis that firms adopt ERM for direct economic benefit rather than to merely comply with regulatory pressure. Using chief risk officer (CRO) h ...
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Journal ArticleJournal of Accounting Auditing and Finance · January 1, 2008
Enterprise risk management (ERM) is the process of analyzing the portfolio of risks facing the enterprise to ensure that the combined effect of such risks is within an acceptable tolerance. While more firms are adopting ERM, little academic research exists ...
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Journal ArticleJournal of Applied Business Research · September 1, 2006
This paper examines the effect of infra-industry "earnings informativeness" and proprietary firm information on variation in security analyst coverage within industries. Earnings informativeness is defined as the extent to which privately developed or obta ...
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Journal ArticleCritical Perspectives on Accounting · January 1, 2000
Electric utilities in the U.S. are moving towards full competition in the electricity market. Many utilities carry stranded investments on their balance sheets and the disposition of stranded investments is a public concern, affecting the competing interes ...
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Journal ArticleContemporary Accounting Research · January 1, 1998
This paper examines the security market response to the announcement of sell-side analysts' decisions to initiate coverage of a firm. We examine the market reaction to the initiation announcement and the accompanying investment recommendation, by disaggreg ...
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