ConferenceAccounting Review · November 1, 2023
For a broad sample of firms, we use structural equations modeling to construct latent variables for real-action aggressiveness and reporting policy aggressiveness. We estimate the association between the latent variables and the associations of each latent ...
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Journal ArticleReview of Accounting Studies · June 1, 2021
This paper investigates how data requirements often encountered in archival accounting research can produce a data-restricted sample that is a non-random selection of observations from the reference sample to which the researcher wishes to generalize resul ...
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Journal ArticleContemporary Accounting Research · January 1, 2014
Due to a lack of an information history, IPO firms' information precision is not only generally low but also likely to be estimated initially with considerable error. I hypothesize and find that the deviation between expected and realized information preci ...
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Journal ArticleJournal of Accounting and Economics · November 1, 2013
We examine how the criteria for choosing estimation samples affect the ability to detect discretionary accruals, using several variants of the Jones (1991) model. Researchers commonly estimate accruals models in cross-section, and define the estimation sam ...
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Journal ArticleAccounting Review · March 1, 2012
Using path analysis, we investigate the direct and indirect links between three measures of earnings quality and the cost of equity. Our investigation is motivated by analytical models that specify both a direct link and an indirect link that is mediated b ...
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Journal ArticleInformation Risk and Long-Run Performance of Initial Public Offerings · January 1, 2009
There has been an extensive debate in financial economics research on long-term abnormal stock returns following firms' initial public offerings (IPOs). So far, the discussion has concentrated on long-term underperformance. Frank Ecker examines the perform ...
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Journal ArticleAccounting Review · January 1, 2006
We examine the properties of a returns-based representation of earnings quality, estimated from firm-specific asset-pricing regressions augmented by an earnings quality mimicking factor. The coefficient on the earnings quality factor (the "e-loading") capt ...
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