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 ...
Full textCite
Journal ArticleJournal of Accounting Research · December 1, 2022
We analyze the disposition of auditor-proposed adjustments to financial statements. Our analyses address concerns, expressed by regulators and others, that auditors and their clients fixate on quantitative thresholds and overlook qualitative factors in ass ...
Full textCite
Journal ArticleAccounting Review · July 1, 2022
We develop and validate an empirical measure of the informativeness of accounting assets in measuring firm-specific economic capital, an important determinant of both cash flows and intrinsic values. Our validation tests show that the asset informativeness ...
Full textCite
Journal ArticleAccounting and Business Research · January 1, 2022
I discuss outcome-based characteristics of several vexatious and recurring standard-setting issues, described for purposes of this paper as ‘too difficult,’ and apply these characteristics to identify four examples of ‘too difficult’ accounting issues: rep ...
Full textCite
Journal ArticleContemporary Accounting Research · December 1, 2021
We provide large-sample archival evidence on the nature and consequences of errors deemed immaterial to the previously issued financial statements containing the errors (immaterial errors). The incidence of immaterial error corrections has been increasing ...
Full textCite
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 ...
Full textCite
Journal ArticleManagement Science · December 1, 2020
We develop a conceptually grounded approach, based on the International Accounting Standards Board's conceptual framework, to the accounting for the rights and obligations embodied in a cap-and-trade program. Under this approach, firms recognize allowances ...
Full textCite
Journal ArticleJournal of Accounting Research · December 1, 2019
We analyze data made available through the PCAOB (Public Company Accounting Oversight Board) to provide descriptive evidence on the properties of auditors’ actual quantitative materiality judgments and the implications of those judgments for financial repo ...
Full textCite
Journal ArticleContemporary Accounting Research · June 1, 2017
We study managers’ interventions in financial reporting by examining working capital deficits, measured as current ratios less than 1.0. Current ratios represent important balance sheet liquidity indicators to lenders and creditors, and have an identifiabl ...
Full textCite
Journal ArticleJournal of Accounting Research · March 1, 2017
We examine uniform and discretionary regimes for reporting information about firm performance from the perspective of a standard setter, in a setting where the precision of reported information is difficult to verify and the reported information can help c ...
Full textCite
Journal ArticleFoundations and Trends in Accounting · January 1, 2016
We offer some thoughts on the relation between theoretical and empirical accounting research in the context of causal inference, in response to two questions posed by Professor Ivan Marinovic, organizer of the 2014 Stanford University Graduate School of Bu ...
Full textCite
Journal ArticleFoundations and Trends in Accounting · January 1, 2014
This monograph provides a historically informed discussion of conceptual and procedural issues related to the use of the fair value measurement attribute in financial reporting. Our goal is to provide a structure, based on the conceptual frameworks of the ...
Full textCite
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 ...
Full textCite
Journal ArticleAccounting Review · July 1, 2013
We provide evidence that disclosed items are not processed differently from recognized items when the disclosures are salient, not based on management estimates, and amenable to simple techniques for imputing as-if recognized amounts. For a sample of firms ...
Full textCite
Book · November 8, 2012
Fully integrating the latest International Financial Reporting Standards, inclusive of the latest developments on Fair Value Accounting, and now more streamlined for busy students, this text provides the highest return on your financial ... ...
Cite
Journal ArticleEuropean Accounting Review · January 1, 2005
This paper describes several implementation effects associated with the mandated adoption of international financial reporting standards promulgated by the International Accounting Standards Board in the European Union, including a possible increased deman ...
Full textCite
Journal ArticleAsia-Pacific Journal of Accounting and Economics · January 1, 2002
This paper proposes a framework to assess the effects of abnormal and normal accruals on the valuation relevance of earnings and cash flows. We use this framework to investigate the relative weights placed by investors on earnings and cash flows, as a func ...
Full textCite
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 ...
Full textCite
Journal ArticleJournal of Accounting Research · December 1, 2022
We analyze the disposition of auditor-proposed adjustments to financial statements. Our analyses address concerns, expressed by regulators and others, that auditors and their clients fixate on quantitative thresholds and overlook qualitative factors in ass ...
Full textCite
Journal ArticleAccounting Review · July 1, 2022
We develop and validate an empirical measure of the informativeness of accounting assets in measuring firm-specific economic capital, an important determinant of both cash flows and intrinsic values. Our validation tests show that the asset informativeness ...
Full textCite
Journal ArticleAccounting and Business Research · January 1, 2022
I discuss outcome-based characteristics of several vexatious and recurring standard-setting issues, described for purposes of this paper as ‘too difficult,’ and apply these characteristics to identify four examples of ‘too difficult’ accounting issues: rep ...
Full textCite
Journal ArticleContemporary Accounting Research · December 1, 2021
We provide large-sample archival evidence on the nature and consequences of errors deemed immaterial to the previously issued financial statements containing the errors (immaterial errors). The incidence of immaterial error corrections has been increasing ...
Full textCite
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 ...
Full textCite
Journal ArticleManagement Science · December 1, 2020
We develop a conceptually grounded approach, based on the International Accounting Standards Board's conceptual framework, to the accounting for the rights and obligations embodied in a cap-and-trade program. Under this approach, firms recognize allowances ...
Full textCite
Journal ArticleJournal of Accounting Research · December 1, 2019
We analyze data made available through the PCAOB (Public Company Accounting Oversight Board) to provide descriptive evidence on the properties of auditors’ actual quantitative materiality judgments and the implications of those judgments for financial repo ...
Full textCite
Journal ArticleContemporary Accounting Research · June 1, 2017
We study managers’ interventions in financial reporting by examining working capital deficits, measured as current ratios less than 1.0. Current ratios represent important balance sheet liquidity indicators to lenders and creditors, and have an identifiabl ...
Full textCite
Journal ArticleJournal of Accounting Research · March 1, 2017
We examine uniform and discretionary regimes for reporting information about firm performance from the perspective of a standard setter, in a setting where the precision of reported information is difficult to verify and the reported information can help c ...
Full textCite
Journal ArticleFoundations and Trends in Accounting · January 1, 2016
We offer some thoughts on the relation between theoretical and empirical accounting research in the context of causal inference, in response to two questions posed by Professor Ivan Marinovic, organizer of the 2014 Stanford University Graduate School of Bu ...
Full textCite
Journal ArticleFoundations and Trends in Accounting · January 1, 2014
This monograph provides a historically informed discussion of conceptual and procedural issues related to the use of the fair value measurement attribute in financial reporting. Our goal is to provide a structure, based on the conceptual frameworks of the ...
Full textCite
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 ...
Full textCite
Journal ArticleAccounting Review · July 1, 2013
We provide evidence that disclosed items are not processed differently from recognized items when the disclosures are salient, not based on management estimates, and amenable to simple techniques for imputing as-if recognized amounts. For a sample of firms ...
Full textCite
Book · November 8, 2012
Fully integrating the latest International Financial Reporting Standards, inclusive of the latest developments on Fair Value Accounting, and now more streamlined for busy students, this text provides the highest return on your financial ... ...
Cite
Journal ArticleEuropean Accounting Review · January 1, 2005
This paper describes several implementation effects associated with the mandated adoption of international financial reporting standards promulgated by the International Accounting Standards Board in the European Union, including a possible increased deman ...
Full textCite
Journal ArticleAsia-Pacific Journal of Accounting and Economics · January 1, 2002
This paper proposes a framework to assess the effects of abnormal and normal accruals on the valuation relevance of earnings and cash flows. We use this framework to investigate the relative weights placed by investors on earnings and cash flows, as a func ...
Full textCite