Financial reporting and disclosure are potentially important means for management to
communicate firm performance and governance to outside investors. We provide a …

In this paper we review the academic evidence on earnings management and its
implications for accounting standard setters and regulators. We structure our review around …

This paper examines properties of daily stock returns and how the particular characteristics
of these data affect event study methodologies. Daily data generally present few difficulties …

Studies examining managerial accounting decisions postulate that executives rewarded by
earnings-based bonuses select accounting procedures that increase their compensation …

This paper reviews and critiques the positive accounting literature following publication of
Watts and Zimmerman (1978, 1979). The 1978 paper helped generate the positive …

In this paper we critically evaluate the standard-setting inferences that can be drawn from
value relevance research studies that are motivated by standard setting. Our evaluation …

Firm size has been used as a proxy for the firm's political costs and hence managers'
proclivity to choose income reducing accounting procedures. This study provides additional …

The foundations are being put in place for a revolution in the science of organizations. Some
major analytical building blocks for the development of a theory of organizations are outlined …

This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …

Many managers argue that the inundation of new accounting standards are burdensome
because they impose new reporting requirements but do not help them communicate …