Journal of Accounting Abstracts最新文献_第7页

The Equity Risk Premium is Lower than You Think it is: Empirical Estimates from a New Approach 股票风险溢价比你想象的要低:一种新方法的实证估计

Journal of Accounting Abstracts Pub Date : 1999-05-01 DOI: 10.2139/ssrn.165335

James J. Claus, Jacob K. Thomas

引用次数: 66

The Struggle Against Creative Accounting: Is 'True and Fair View' Part of the Problem or Part of the Solution? 与创造性会计的斗争:“真实和公平的观点”是问题的一部分还是解决方案的一部分?

Journal of Accounting Abstracts Pub Date : 1999-04-20 DOI: 10.2139/ssrn.159235

Oriol Amat, J. Blake, Ester Oliveras

引用次数: 7

Is Accounting Information Value Relevant in the Emerging Chinese Stock Market? 会计信息价值是否与新兴中国股市相关?

Journal of Accounting Abstracts Pub Date : 1999-04-01 DOI: 10.2139/ssrn.167353

Charles Chen, Shimin Chen, X. Su

{"title":"Is Accounting Information Value Relevant in the Emerging Chinese Stock Market?","authors":"Charles Chen, Shimin Chen, X. Su","doi":"10.2139/ssrn.167353","DOIUrl":"https://doi.org/10.2139/ssrn.167353","url":null,"abstract":"This study provides an empirical examination of whether domestic investors in the Chinese stock market perceive accounting information based on Chinese GAAP to be useful in stock valuation. The study is motivated by the market-based value relevance literature in the U.S. and by the recent development of accounting and stock markets in China. Using a sample of all listed firms in the Shanghai and Shenzhen Stock Exchanges from 1991 to 1997 with available data, we obtain evidence of value relevance of accounting information in China based on a return and a price model. Specifically, we address three research questions in this study. First, we document that accounting information is value relevant in the Chinese market according to either the pooled cross-section and time-series regressions or the year-by-year regressions. Secondly, we further examine whether value relevance changes in a predictable manner with respect to four factors including positive vs. negative earnings, firm size, earnings persistence, and percentage of public holding. Finally, this study finds that the Chinese stock market perceives accounting information to be more value relevant for firms issuing both A- and B-shares than for firms issuing only A-share. Collectively, in this study, we report fairly convincing evidence that accounting information is value relevant to investors in the Chinese market despite the young age of the market and the perception of inadequate accounting and financial reporting in China. The implications of our results are discussed in the paper.","PeriodicalId":180033,"journal":{"name":"Journal of Accounting Abstracts","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"1999-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115643527","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: 286

Classification of Intangibles 无形资产的分类

Journal of Accounting Abstracts Pub Date : 1999-03-12 DOI: 10.2139/ssrn.263291

Anne Jeny, Hervé Stolowy

引用次数: 14

Accounting for Goodwill: What Factors Influence Management Preferences? 商誉会计:哪些因素影响管理层偏好?

Journal of Accounting Abstracts Pub Date : 1999-01-04 DOI: 10.2139/ssrn.144608

Pelham Gore, F. Taib, P. Taylor

引用次数: 7

A Performance Comparison of Strategic Transfer Pricing and Tidy Cost Allocations in Presence of Product Market Competition and Congestion Costs 考虑产品市场竞争和拥堵成本的策略转移定价与整齐成本分配的绩效比较

Journal of Accounting Abstracts Pub Date : 1999-01-01 DOI: 10.2139/ssrn.150598

R. Göx

{"title":"A Performance Comparison of Strategic Transfer Pricing and Tidy Cost Allocations in Presence of Product Market Competition and Congestion Costs","authors":"R. Göx","doi":"10.2139/ssrn.150598","DOIUrl":"https://doi.org/10.2139/ssrn.150598","url":null,"abstract":"This paper compares the performance of transfer pricing and tidy cost allocations in a multiproduct firm in presence of output market competition and production externalities. In absence of competition, tidy cost allocations are creating inefficient allocations within the firm while transfer prices can always be adjusted to replicate the first best solution of the centralized firm. While the second result is well known, the first result draws a parallel to the impossibility of solving the free rider problem in team production by a profit sharing scheme. Under duopolistic competition, transfer prices are still the best accounting rule but the solution depends on the nature of competition on the final product market. When firms compete in prices, the strategic rationale requires to allocate more than the total cost of the congested service to the duopolistic departments. While transfer prices can still be adjusted accordingly, the tidiness requirement prevents the cost allocation scheme from providing the desired strategic incentives to the firms' managers. Under quantity competition, the strategic motive requires to allocate less than the cost of the service to the duopolistic departments. Although a tidy cost allocation scheme does not contradict the required direction of the strategic effect, the optimal allocation is at best found incidentally while the transfer prices can again always be adjusted in an optimal way.","PeriodicalId":180033,"journal":{"name":"Journal of Accounting Abstracts","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"1999-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134213480","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

Accrual Accounting in a Dynamic Agency Setting 动态代理环境下的权责发生制会计

Journal of Accounting Abstracts Pub Date : 1999-01-01 DOI: 10.2139/ssrn.149769

S. Dutta, S. Reichelstein

{"title":"Accrual Accounting in a Dynamic Agency Setting","authors":"S. Dutta, S. Reichelstein","doi":"10.2139/ssrn.149769","DOIUrl":"https://doi.org/10.2139/ssrn.149769","url":null,"abstract":"This paper examines the choice of asset valuation rules from a managerial control perspective. A manager creates value for a firm through his effort choice each period. To support its operating activities, the firm also engages in financing transactions such as credit sales to its customers. These financing transactions merely change the pattern of cash flows across periods but have no effect on the value of the firm. An optimal compensation scheme must therefore shield the manager from the risk associated with such transactions. If the firm operates an accrual accounting system in which receivables are capitalized at their fair values, we show that residual income eliminates this risk and provides an optimal performance measure. On the other hand, compensation schemes based only on realized cash flows can be optimal only under exceptional circumstances. The paper also considers a setting in which the principal can observe not only the aggregate cash flow, but also the amount of realized bad debt losses each period. In this setting, an optimal compensation scheme must also shield the manager from the default risk associated with credit transactions. We demonstrate that this can be achieved if receivables are valued according to the allowance method that leads to a proper matching of sales revenues and bad debt expenses each period.","PeriodicalId":180033,"journal":{"name":"Journal of Accounting Abstracts","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"1999-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126331691","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: 2

Valuing Federal Disaster Loans: A Stochastic Model Approach 评估联邦灾害贷款:一个随机模型方法

Journal of Accounting Abstracts Pub Date : 1998-12-18 DOI: 10.2139/ssrn.141033

Nelson J. Lacey, A. Kelly, Mark E. Potter

引用次数: 0

Modified Audit Reports, Executive Compensation and CEO Turnover 修改审计报告、高管薪酬与CEO离职

Journal of Accounting Abstracts Pub Date : 1998-12-04 DOI: 10.2139/ssrn.141012

C. Lennox

引用次数: 5

Comprehension of Nonroutine Transactions During Audit Planning: Evidence from Free Recalls and Inferences 审计计划中非常规交易的理解:来自自由召回和推论的证据

Journal of Accounting Abstracts Pub Date : 1998-12-04 DOI: 10.2139/ssrn.139398

W. Shafer, R. Morris, Jerry R. Strawser

引用次数: 1