Wiley-Blackwell: Journal of Business Finance & Accounting最新文献_第7页

Measuring Country Differences in Enforcement of Accounting Standards: An Audit and Enforcement Proxy 衡量会计准则执行的国家差异:审计和执行代理

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2013-12-10 DOI: 10.1111/jbfa.12066

P. Brown, John Preiato, A. Tarca

{"title":"Measuring Country Differences in Enforcement of Accounting Standards: An Audit and Enforcement Proxy","authors":"P. Brown, John Preiato, A. Tarca","doi":"10.1111/jbfa.12066","DOIUrl":"https://doi.org/10.1111/jbfa.12066","url":null,"abstract":"In this paper we present an index designed to capture differences between countries in relation to the institutional setting for financial reporting, specifically the auditing of financial statements and the enforcement of compliance with each country's accounting standards. The use of a common set of standards such as International Financial Reporting Standards (IFRS) aims, in broad terms, to promote the comparability and transparency of financial statements and to improve the quality of financial reporting. However, the effectiveness of IFRS adoption may be hampered by differences, across countries, in the institutional setting in which financial reporting occurs. Studies of outcomes from adopting IFRS use a range of legal system proxies to capture these country differences, but the proxies are deficient in that they seldom focus explicitly on factors that affect how compliance with accounting standards is promoted through external audit and the activities of independent enforcement bodies. To address this deficiency, we calculate measures of the quality of the public company auditors’ working environment (AUDIT) and the degree of accounting enforcement activity (ENFORCE) by independent enforcement bodies. We do this for 51 countries for each of the years 2002, 2005 and 2008, using publicly available data provided by the International Federation of Accountants (IFAC), the World Bank and the national securities regulators. Preliminary tests suggest our indices have additional explanatory power (over more general legal proxies) for country-level measures of economic and market activity, financial transparency and earnings management. We expect they will prove useful to researchers and other interested parties who require country-level measures that focus on the degree of enforcement of financial reporting practices.","PeriodicalId":23644,"journal":{"name":"Wiley-Blackwell: Journal of Business Finance & Accounting","volume":"33 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2013-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82627532","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: 354

A Model of Emulation Funds 仿真基金模型

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2013-09-12 DOI: 10.1111/acfi.12067

Zhe Chen, F. Foster, D. Gallagher, Adrian D. Lee

引用次数: 1

Market Sentiment: A Key Factor of Investors’ Imitative Behaviour 市场情绪:投资者模仿行为的关键因素

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2012-09-01 DOI: 10.1111/j.1467-629X.2011.00412.x

N. Blasco, P. Corredor, Sandra Ferreruela

引用次数: 71

Has the IASB Been Successful in Making Accounting Earnings More Useful for Prediction and Valuation? UK Evidence 国际会计准则理事会是否成功地使会计盈余对预测和估值更有用?英国的证据

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2012-07-24 DOI: 10.1111/jbfa.12025

Young-Soo Choi, K. Peasnell, Joao Toniato

{"title":"Has the IASB Been Successful in Making Accounting Earnings More Useful for Prediction and Valuation? UK Evidence","authors":"Young-Soo Choi, K. Peasnell, Joao Toniato","doi":"10.1111/jbfa.12025","DOIUrl":"https://doi.org/10.1111/jbfa.12025","url":null,"abstract":"When producing International Financial Reporting Standards (IFRS), one of the main goals of the International Accounting Standards Board (IASB) was to create a set of standards which were more useful to investors as a predictive tool. We assess the success of the IASB in achieving this goal by investigating the effects of the introduction of IFRS on the relative information content of reported earnings and forecasted earnings under UK generally accepted accounting practices (GAAP) and IFRS. Results indicate that the value relevance of forecasted earnings is significantly lower under IFRS while the value relevance of reported earnings is significantly larger. These findings suggest that IFRS substitutes price-relevant information previously provided to the market in the form of analyst forecasts with information encoded by companies in their reported earnings. This implies that the IASB was indeed successful in its stated goal and points towards IFRS forecasts being more accurate and less dispersed than UK GAAP forecasts. This, in turn, implies that analysts are able to provide more informative forecasts under IFRS than under pre-IFRS regimes and that the aforementioned substitution effect is not a consequence of any decrease in the quality of forecasts under the new regime.","PeriodicalId":23644,"journal":{"name":"Wiley-Blackwell: Journal of Business Finance & Accounting","volume":"26 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2012-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85362337","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: 37

Robust Anomalies? A Close Look at Accrual‐Based Trading Strategy Returns 健壮的异常?密切关注基于权责发生制的交易策略回报

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2012-06-01 DOI: 10.1111/j.1467-629X.2011.00408.x

Stephen L Taylor, Leon Wong

引用次数: 16

An Analysis of the Accounting and Finance Research Productivity in Australia and New Zealand in 1991-2010 1991-2010年澳大利亚和新西兰会计与金融研究生产力分析

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2012-03-01 DOI: 10.1111/j.1467-629X.2011.00440.x

Kam C. Chan, Chih-Hsiang Chang, J. Tong, F. Zhang

引用次数: 22

Are Corporate Governance Attributes Associated with Accounting Conservatism? 公司治理属性与会计稳健性有关吗?

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2011-12-01 DOI: 10.1111/j.1467-629X.2010.00390.x

Roslinda Lim

引用次数: 61

Idiosyncratic Volatility and Cross‐Sectional Stock Returns in Southeast Asian Stock Markets 东南亚股票市场的特质波动率和横截面股票收益

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2011-12-01 DOI: 10.1111/j.1467-629X.2010.00384.x

G. Nartea, B. Ward, L. Yao

引用次数: 62

The Demise of the ARC Journal Ranking Scheme: An Ex Post Analysis of the Accounting and Finance Journals ARC期刊排名制度的消亡:对会计与金融期刊的事后分析

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2011-09-01 DOI: 10.1111/j.1467-629X.2011.00432.x

I. Moosa

引用次数: 35

A Collective, Undifferentiated Accounting Profession: An Australian Study 一个集体的、无差别的会计职业:一项澳大利亚研究

Wiley-Blackwell: Journal of Business Finance & Accounting Pub Date : 2011-09-01 DOI: 10.1111/j.1467-629X.2011.00429.x

R. Inglis, M. Shelly, C. Morley, Paul A. De Lange

引用次数: 20