Recently added articles from Academy of Accounting and Financial Studies Journal:

LETTER FROM THE EDITORS

Sep 01, 2007; Grayson, Michael; Woodbury, Denise ... The Academy of Accounting and Financial Studies Journal is owned and published by the DreamCatchers Group, LLC. The Editorial Board and the Editors are appointed by the Allied Academies, Inc., a non profit association of scholars whose purpose is to encourage and support the advancement and ...

WALL STREET JOURNAL DISTRESS DISCLOSURES AND BANKRUPTCY RESEARCH

Sep 01, 2007; Dawkins, Mark C; Rose-Green, Ena ... ABSTRACT This study assesses the extent to which the Wall Street Journal (WSJ) is a useful and reliable source of distress disclosures for bankruptcy research. Prior accounting and finance studies document the importance of controlling for distress disclosures in bankruptcy research ....

COINTEGRATION AND CAUSALITY BETWEEN STOCK INDEX AND MACROECONOMIC VARIABLES IN AN EMERGING MARKET

Sep 01, 2007; Brahmasrene, Tantatape; Jiranyakul, Komain ... ABSTRACT This study examined the relationship between stock market index and selected macroeconomic variables during the post-financial liberalization (pre-financial crisis) and post-financial crisis in Thailand. In the empirical analysis, unit root, cointegration and Granger causality ...

IMPLICATIONS OF THE "BIG BANG" ACCOUNTING REFORM ON KEY FINANCIAL RATIOS

Sep 01, 2007; Duangploy, Orapin ... ABSTRACT Japan has been implementing drastic changes in the field of accounting. Several new accounting standards have been established to align with the International Accounting Standards. Among these are the requirement of filing consolidated financial statements, semiannual interim ...

PHISHING, PHARMING AND IDENTITY THEFT

Sep 01, 2007; Brody, Richard G; Mulig, Elizabeth; Kimball, Valerie ... ABSTRACT Identity theft is the fastest growing crime in America, occurring when the criminal obtains confidential information from an individual or business and uses it to access private financial accounts. In today's world of information technology, many thieves prey on their victims ...

INTERVENTION IMPACT OF TAX REFORM ACT ON THE BUSINESS FAILURE PROCESS

Sep 01, 2007; Choudhury, Askar H ... ABSTRACT This paper investigates the impact of the intervention of Tax Reform Act on the business failure momentum. The data covers the period January 1967 through December 1986 and divided into pre- and post-event periods for both large and small business failures. We employ ...

AN EXAMINATION OF THE RECENTLY RESTATED FINANCIAL STATEMENTS DUE TO INAPPROPRIATE LEASE ACCOUNTING

Sep 01, 2007; Hyatt, Troy; Reed, Brad ... ABSTRACT The purpose of this paper is to describe the history surrounding the recent spike in financial statement restatements related to firms ' accounting for leases. The restatements were largely caused by a letter from the SEC emphasizing the rules regarding appropriate accounting ...

THE IMPACT OF THE RESPONSE MEASURE USED FOR FINANCIAL DISTRESS ON RESULTS CONCERNING THE PREDICTIVE USEFULNESS OF ACCOUNTING INFORMATION

Sep 01, 2007; Ward, Terry J ... ABSTRACT Researchers testing the usefulness of accounting information in predicting financial distress have used many different responses as proxies for financial distress. They often compare results across these different studies, attempting to make conclusions concerning the usefulness ...

USING PENSION EXPENSE TO MANAGE EARNINGS: IMPLICATIONS FOR FASB STANDARDS

Sep 01, 2007; Parker, Paula Diane; Sale, Martha Lair ... ABSTRACT Recent studies provide convincing evidence firms manage reported earnings to achieve certain capital market reporting objectives. However, there is little empirical evidence on what levers firms use to manage their reported earnings. This paper presents evidence that ...

DO FIRMS MANAGE THEIR EARNINGS PRIOR TO FILING FOR BANKRUPTCY?

Sep 01, 2007; Leach, Robert; Newsom, Paul ... ABSTRACT We investigate the earnings management behavior of firms that file for bankruptcy and find that firms, which eventually file for bankruptcy, attempt to manage their earnings in order to make their financial statements appear more favorable over the years prior to filing for ...

Letter from the editors.(Brief article)

Sep 01, 2007; Grayson, Michael ... The Academy of Accounting and Financial Studies Journal is owned and published by the DreamCatchers Group, LLC. The Editorial Board and the Editors are appointed by the Allied Academies, Inc., a non profit association of scholars whose purpose is to encourage and support the advancement ...

Wall Street Journal distress disclosures and bankruptcy research.

Sep 01, 2007; Dawkins, Mark C. ... ABSTRACT This study assesses the extent to which the Wall Street Journal (WSJ) is a useful and reliable source of distress disclosures for bankruptcy research. Prior accounting and finance studies document the importance of controlling for distress disclosures in bankruptcy ...

Cointegration and causality between stock index and macroeconomic variables in an emerging market.

Sep 01, 2007; Brahmasrene, Tantatape ... ABSTRACT This study examined the relationship between stock market index and selected macroeconomic variables during the post-financial liberalization (pre-financial crisis) and postfinancial crisis in Thailand. In the empirical analysis, unit root, cointegration and Granger ...

Implications of the "Big Bang" accounting reform on key financial ratios.

Sep 01, 2007; Duangploy, Orapin ... ABSTRACT Japan has been implementing drastic changes in the field of accounting. Several new accounting standards have been established to align with the International Accounting Standards. Among these are the requirement of filing consolidated financial statements, semiannual ...

Phishing, pharming and identity theft.

Sep 01, 2007; Brody, Richard G. ... ABSTRACT Identity theft is the fastest growing crime in America, occurring when the criminal obtains confidential information from an individual or business and uses it to access private financial accounts. In today's world of information technology, many thieves prey on their ...

Intervention impact of Tax Reform Act on the business failure process.

Sep 01, 2007; Choudhury, Askar H. ... ABSTRACT This paper investigates the impact of the intervention of Tax Reform Act on the business failure momentum. The data covers the period January 1967 through December 1986 and divided into pre-and post-event periods for both large and small business failures. We employ ...

An examination of the recently restated financial statements due to inappropriate lease accounting.

Sep 01, 2007; Hyatt, Troy ... ABSTRACT The purpose of this paper is to describe the history surrounding the recent spike in financial statement restatements related to firms' accounting for leases. The restatements were largely caused by a letter from the SEC emphasizing the rules regarding appropriate ...

The impact of the response measure used for financial distress on results concerning the predictive usefulness of accounting information.

Sep 01, 2007; Ward, Terry J. ... ABSTRACT Researchers testing the usefulness of accounting information in predicting financial distress have used many different responses as proxies for financial distress. They often compare results across these different studies, attempting to make conclusions concerning the ...

Using pension expense to manage earnings: implications for FASB standards.

Sep 01, 2007; Parker, Paula Diane ... ABSTRACT Recent studies provide convincing evidence firms manage reported earnings to achieve certain capital market reporting objectives. However, there is little empirical evidence on what levers firms use to manage their reported earnings. This paper presents ...

Do firms manage their earnings prior to filing for bankruptcy?

Sep 01, 2007; Leach, Robert ... Robert Leach, University of South Carolina--Aiken Paul Newsom, Valparaiso University ABSTRACT We investigate the earnings management behavior of firms that file for bankruptcy and find that firms, which eventually file for bankruptcy, attempt to manage their earnings ...