Journal of Accounting Abstracts最新文献_第6页

The Association between Audit Quality, Accounting Disclosures and Firm-Specific Risk: Evidence from the Australian IPO Market 审计质量、会计披露和公司特定风险之间的关系:来自澳大利亚IPO市场的证据

Journal of Accounting Abstracts Pub Date : 1999-10-01 DOI: 10.2139/ssrn.210888

Philip J. Lee, Donald J. Stokes, Stephen L Taylor, T. Walter

引用次数: 14

Consider Outsourcing Even What You Do Best 即使是你最擅长的工作也要考虑外包

Journal of Accounting Abstracts Pub Date : 1999-10-01 DOI: 10.2139/ssrn.190388

Oren Fuerst, Nahum D. Melumad

{"title":"Consider Outsourcing Even What You Do Best","authors":"Oren Fuerst, Nahum D. Melumad","doi":"10.2139/ssrn.190388","DOIUrl":"https://doi.org/10.2139/ssrn.190388","url":null,"abstract":"In recent years, outsourcing has become a common practice for firms operating domestically as well as globally. The academic and professional literature discusses numerous factors that influence outsourcing decisions, including the commonly used argument that activities that are not within the core competencies of a firm should be outsourced. In this paper we show that firms may wish to outsource even the manufacture of a product with respect to which they enjoy a competitive advantage. Furthermore, we provide an explanation as to why firms may decide not to outsource non-core products, although their competitors can produce them at a lower cost. Our model provides an explanation for the often coexistence of rivalrous and buyer-supplier relationship between firms in different markets or even the same product market. Specifically, we show that the understanding of outsourcing (or lack of outsourcing) arrangements should be based on analysis of the strategic interaction across markets between the parties in the outsourcing arrangements. Furthermore, in analyzing outsourcing, we should not only analyze the production cost of the product being considered, but also consider the costs and benefits associated with cross-product synergies of the firms. Our analysis demonstrates that outsourcing may enable firms to achieve tacit collusion in the presence of restrictions on explicit cooperation. However, we show that consumers may benefit from outsourcing in spite of its seemingly adverse impact on competition.","PeriodicalId":180033,"journal":{"name":"Journal of Accounting Abstracts","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"1999-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121951914","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Estimating the Market Risk Premium 估算市场风险溢价

Journal of Accounting Abstracts Pub Date : 1999-10-01 DOI: 10.2139/ssrn.195569

S. Mayfield

引用次数: 141

Economic and Industry Determinants of Accounting Method Choice 会计方法选择的经济和行业决定因素

Journal of Accounting Abstracts Pub Date : 1999-09-17 DOI: 10.2139/ssrn.182888

R. M. Bowen, L. DuCharme, D. Shores

{"title":"Economic and Industry Determinants of Accounting Method Choice","authors":"R. M. Bowen, L. DuCharme, D. Shores","doi":"10.2139/ssrn.182888","DOIUrl":"https://doi.org/10.2139/ssrn.182888","url":null,"abstract":"This study synthesizes and extends the prior literature examining economic motives for manager's accounting method choices. First, we present a framework for organizing the economic factors that potentially influence managers' accounting decisions. We apply our framework to examine inventory and depreciation method choices because they are directly observable and have large sustained effects on earnings. Second, we present descriptive statistics on the distribution of these and combined-method choices for the years 1984, 1990, and 1996. Both firm and industry level data show a preponderance of income-increasing methods in each year as well as a trend toward more income-increasing methods over time. Third, we identify 19 independent variables (largely drawn from the past 20 years of research) to explain the inventory, depreciation, and combined-method choices of over 2,000 firms for the years 1984, 1990 and 1996. Taken together, these variables explain a high percentage of the cross-sectional variation in method choices (e.g., adjusted R2 of 23%-27% for combined-method choices). Finally, we add variables that proxy for industry determinants of accounting method choice, which increases total explanatory power to 28%-37% for combined-method choices. Both sets of variables, economic and industry, have incremental explanatory power over the other. Given earlier studies often explained less than 5%, our results suggest that, cumulatively, the accounting literature has made considerable progress in identifying economic factors associated with managers' accounting method choices.","PeriodicalId":180033,"journal":{"name":"Journal of Accounting Abstracts","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"1999-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133484952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 22

Financial Management's Success as an Academic Journal 《财务管理》作为学术期刊的成功

Journal of Accounting Abstracts Pub Date : 1999-07-01 DOI: 10.2139/ssrn.172568

Kenneth A. Borokhovich, Robert Bricker, B. Simkins

引用次数: 25

Country-Specific Factors Related to Financial Reporting and the Value Relevance of Accounting Data 与财务报告相关的国家特定因素和会计数据的价值相关性

Journal of Accounting Abstracts Pub Date : 1999-07-01 DOI: 10.2139/ssrn.181279

Ashiq Ali, Lee-Seok Hwang

{"title":"Country-Specific Factors Related to Financial Reporting and the Value Relevance of Accounting Data","authors":"Ashiq Ali, Lee-Seok Hwang","doi":"10.2139/ssrn.181279","DOIUrl":"https://doi.org/10.2139/ssrn.181279","url":null,"abstract":"Using financial accounting data from manufacturing firms in 16 countries for 1986-1995, we demonstrate that the value relevance of financial reports is lower for countries where the financial systems are bank-oriented rather than market-oriented; where private sector bodies are not involved in standard setting process; where accounting practices follow the Continental model as opposed to the British-American model; where tax rules have a greater influence on financial accounting measurements; and where spending on auditing services is relatively low. Results are robust to alternative measures of value relevance of financial accounting data, including measures based on earnings (using a regression and a hedge-portfolio approach), accruals, and earnings and book value of equity combined. We show that the extent to which earnings information is reflected in leading-period returns as compared to contemporaneous returns is greater for bank-oriented than for market-oriented countries. This feature potentially induces spurious associations between value relevance measures and financial system characteristics. Our results are robust to using value relevance measures adjusted for this confounding effect.","PeriodicalId":180033,"journal":{"name":"Journal of Accounting Abstracts","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"1999-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116521146","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 957

The Economic Consequences of Increased Disclosure 增加信息披露的经济后果

Journal of Accounting Abstracts Pub Date : 1999-07-01 DOI: 10.2139/ssrn.171975

C. Leuz, Robert E. Verrecchia

引用次数: 3050

Consumer Perceptions of Cpa Webtrust Assurances: Evidence of an Expectations Gap 消费者对注册会计师网络信任保证的看法:期望差距的证据

Journal of Accounting Abstracts Pub Date : 1999-07-01 DOI: 10.2139/ssrn.149087

R. Houston, Gary K. Taylor

引用次数: 62

Reporting on the Past: A New Approach to Improving Accounting Today 报告过去:改善当今会计的新途径

Journal of Accounting Abstracts Pub Date : 1999-06-04 DOI: 10.2139/ssrn.188308

Russell J. Lundholm

引用次数: 95

Earnings-Based and Accrual-Based Market Anomalies: One Effect or Two? 基于盈余和应计制的市场异常:一种影响还是两种影响?

Journal of Accounting Abstracts Pub Date : 1999-05-25 DOI: 10.2139/ssrn.166455

D. Collins, P. Hribar

引用次数: 466