Recently added articles from Accounting and Business Research:
The effects of voluntary disclosure and dividend propensity on prices leading earnings
Jan 01, 2009; ... Abstract-We investigate the joint effects of dividend propensity (i.e. whether a firm pays cash dividends) and voluntary disclosure on the relationship between current stock returns and future earnings. We examine whether dividend propensity and voluntary disclosure act as substitutes or ...
Non-linear equity valuation
Jan 01, 2009; ... Abstract-We incorporate a real option component into the Ohlson (1995) equity valuation model and then use this augmented model to make assessments about the form and nature of the systematic biases that are likely to arise when empirical work is based on linear models of the relationship ...
Earnings management or forecast guidance to meet analyst expectations?
Jan 01, 2009; ... Abstract-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 ...
Analysts' perceptions of 'earnings quality'
Oct 01, 2008; ... Abstract-This paper examines sell-side analysts' perceptions of 'earnings quality'. Prior research suggests that analysts' stock recommendations, price targets, earnings forecasts and written reports are relevant to share price formation. One of the main inputs in analysts' forecasting and ...
Taxation of shareholder capital gains and the choice of payment method in takeovers
Oct 01, 2008; ... Abstract-From December 1999, shareholders who disposed of shares in Australian takeovers in exchange for scrip could elect to defer capital gains taxation until the disposal of the shares received. We investigate payment method choice by acquiring firms before and after this regulatory change to ...
Human capital, age and job stability: evidence from Spanish certified auditors (1976-1988)
Oct 01, 2008; ... Abstract-During the period 1976-1988, Spain witnessed pervasive transformations that led the country from a military dictatorship to a fully-fledged democracy. In turn, the audit profession experienced high demand which doubled the number of members of the Institute of Sworn Auditors of Spain ...
Occupational differentiation and exclusion in early Canadian accountancy
Sep 01, 2008; ... Abstract-Canada's 1881 census enumerators posed a range of questions that provide scope for an in-depth investigation of the identity of its accounting functionaries (accountants and bookkeepers) in that year. The significance of our findings is explained by applying the concept of closure ...
The role of change agents and imitation in the diffusion of an idea: charge and discharge accounting
Sep 01, 2008; ... Abstract-Medieval charge and discharge accounting was the most prevalent accounting system of its time. The first medieval charge and discharge system can be identified in the English Exchequer about 1110. This paper argues that the ideas behind the Exchequer were gradually diffused both ...
Firm characteristics and audit committees complying with 'best practice' membership guidelines
Sep 01, 2008; ... Abstract-This study investigates demand and supply characteristics associated with firms that voluntarily established audit committees meeting 'best practice' membership guidelines. We focus on a set of best practice criteria rather than on the separate elements of the best practice criteria as ...
Determinants of intellectual capital disclosure in prospectuses of initial public offerings
Sep 01, 2008; ... Abstract-Intellectual capital is recognised as the new economic era's pivotal factor underlying value creation. Deficient and inconsistent intellectual capital reporting is escalating information asymmetry between informed and uninformed investors. This provides fertile ground for informed ...
Has the importance of intangibles really grown? And if so, why?
Jul 01, 2008; ... Abstract-Intangibles are ideas or knowledge about the natural (physical and biological) and socio-cultural worlds that enable people to better accomplish their goals, both in primitive societies and in modern economies. Intangibles include basic research and technology improvements, as well as ...
Editorial
Jul 01, 2008; ... In collaboration with the Institute of Chartered Accountants in England and Wales, ABR is pleased to present the third issue of the International Accounting Policy Forum (IAPF). The issue contains the papers presented at the Institute's 2007 Information for Better Markets Conference, which was ...
Introduction
Jul 01, 2008; ... The five papers in this issue of International Accounting Policy Forum address different aspects of the question of intangibles - a highly controversial subject in recent decades. The points on which there is no dispute are that intangibles are extremely important, that nevertheless most ...
Discussion of 'Accounting for intangibles - a critical review of policy recommendations'
Jul 01, 2008; ... It is traditional for equity analysts to criticise academics for living in ivory towers and having no concept of the hard reality that financial markets represent. However, I could not find very much to disagree with in Doug Skinner's paper. From an analyst's point of view, the question we ...
Discussion of 'Does measuring intangibles for management purposes improve performance? A review of the evidence'
Jul 01, 2008; ... I have spent over 30 years in industries ranging from brewing, foods, property and latterly pharmaceuticals and consumer healthcare. I am convinced from my own experience that measuring intangibles for management purposes does improve performance. What are these intangible ...
Does measuring intangibles for management purposes improve performance? A review of the evidence
Jul 01, 2008; ... Abstract-Despite the development of dozens of frameworks and techniques for measuring intangible assets, an open question is whether the internal measurement of intangible assets for management purposes is associated with higher economic performance. This paper provides an overview of the ...
A rejoinder to Douglas Skinner's 'Accounting for intangibles - a critical review of policy recommendations'
Jul 01, 2008; ... 1. Introduction In a thoughtful critique of various proposals to change the current financial reporting of intangibles and their consequences, Douglas Skinner concludes ' ... the case for reform is surprisingly weak, ... capital markets actually function rather well, ... an approach to ...
Discussion of 'Intangibles and research - an overview with a specific focus on the UK'
Jul 01, 2008; ... I have been asked to give a practitioner's perspective. This is not an accounting practitioner's perspective; if anything, it is an investment practitioner's perspective. It cuts across all of the issues that you have been discussing. I will try to do that quite quickly, with just two or three ...
Accounting for intangibles - a critical review of policy recommendations
Jul 01, 2008; ... Abstract-I review and critically evaluate the arguments in favour of reforming current accounting and disclosure practices related to intangibles. I argue that the case for reform is actually rather weak. Proponents of reform provide little cogent evidence in support of claims that current ...
A reply to Lev's rejoinder to 'Accounting for intangibles - a critical review of policy recommendations'
Jul 01, 2008; ... 1. Introduction Baruch Lev has written a thoughtful response to my commentary on policy recommendations for intangibles. I am glad that my paper has generated a response from Professor Lev, who is acknowledged as perhaps the leading expert on this topic, because I think the way we make ...