SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
The Valuation Consequence of Accounting Changes: A Multi-Year Examination
13 references·2 citing·46 second hop
The Valuation Consequence of Accounting Changes: A Multi-Year Examination (1993)The Valuation Consequence of Accounting C…The effects of bonus schemes on accounting decisions (2011)The effects of bonus schemes …Accounting choice in troubled companies (1994)Accounting choice in troubled…Fundamental Information Analysis (1993)Fundamental Information Analy…An Evaluation of Accounting Rate-of-return (1991)An Evaluation of Accounting R…On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research (1989)On the Usefulness of Earnings…Income Smoothing and Incentives: Empirical Tests Using Accounting Changes. (1987)Income Smoothing and Incentiv…Accounting and Management: Field Study Perspectives (1987)Accounting and Management: Fi…Event study methodologies and the size effect (1986)Event study methodologies and…The effect of bonus schemes on accounting decisions (1985)The effect of bonus schemes o…The effects of debt covenants and political costs on the choice of accounting methods (1983)The effects of debt covenants…Market-Based Empirical Research in Accounting: A Review, Interpretation, and Extension (1982)Market-Based Empirical Resear…Different Market Reactions to Discretionary and Nondiscretionary Accounting Changes (1977)Different Market Reactions to…Changes in Accounting Techniques and Stock Prices (1972)Changes in Accounting Techniq…The Relative Relevance of Cash Flow and Accrual Information for Solvency Assessments: A Multi‐Method Approach (2003)The Relative Relevance of Cas…The FASB's Policy of Extended Adoption for New Standards: An Examination of FAS No. 87. (1993)The FASB's Policy of Extended…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Murphy's Law and Market Anomalies (1999)Realized jumps on financial markets and predicting credit spreads (2010)Dynamic jump intensities and risk premiums: Evidence from S&P500 returns and options (2012)Persuasive evidence of market inefficiency (1985)Earnings Asan Explanatory Variable for Returns (1991)Combining Earnings and Book Value in Equity Valuation* (1998)Stock Valuation and Learning About Profitability (2002)Earnings Management? Erroneous Inferences Based on Earnings Frequency Distributions (2009)Positive Accounting Theory (1985)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Earnings Management During Import Relief Investigations (1991)Financial performance surrounding CEO turnover (1993)Earnings management by acquiring firms in stock for stock mergers (1999)Earnings Management Using Classification Shifting: An Examination of Core Earnings and Special Items (2006)An Empirical Evaluation of Accounting Income Numbers (1968)Dividend Policy under Asymmetric Information (1985)Value-relevance of nonfinancial information: The wireless communications industry (1996)Capital markets research in accounting (2001)Auditor Industry Specialization and Earnings Quality (2003)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Towards a Positive Theory of the Determination of Accounting Standards. (1978)Agency Problems and the Theory of the Firm (1980)The Provision of Incentives in Firms (1999)Contracting theory and accounting (2001)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Some economic determinants of time-series properties of earnings (1983)The Information Content of Annual Earnings Releases: A Trading Volume Approach (1986)Theory of rational option pricing (2005)Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research* (2011)Financing Constraints and Corporate Investment (1987)Financing Constraints and Corporate Investment (1988)Are Selling, General, and Administrative Costs “Sticky”? (2003)The Modern Corporation and Private Property (1933)The Voluntary Restructuring of Large Firms In Response to Performance Decline (1992)Earnings Management to Avoid Losses and Earnings Decreases: Are Analysts Fooled?* (2003)International Financial Reporting Standards and the quality of financial statement information (2010)The appropriateness of RAPM: toward the further development of theory (2000)Towards explaining stability in and around management accounting systems (2001)Triangulation between case study and survey methods in management accounting research: An assessment of validity implications (2005)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)
this work references cited by second hop

References

  • 1985The effect of bonus schemes on accounting decisions3,311 cited
  • 2011The effects of bonus schemes on accounting decisions2,579 cited
  • 1989On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research1,120 cited
  • 1993Fundamental Information Analysis1,084 cited
  • 1994Accounting choice in troubled companies855 cited
  • 1987Income Smoothing and Incentives: Empirical Tests Using Accounting Changes.371 cited
  • 1987Accounting and Management: Field Study Perspectives341 cited
  • 1982Market-Based Empirical Research in Accounting: A Review, Interpretation, and Extension305 cited
  • 1986Event study methodologies and the size effect293 cited
  • 1991An Evaluation of Accounting Rate-of-return253 cited
  • 1972Changes in Accounting Techniques and Stock Prices216 cited
  • 1983The effects of debt covenants and political costs on the choice of accounting methods202 cited
  • 1977Different Market Reactions to Discretionary and Nondiscretionary Accounting Changes54 cited

Cited by

  • 2003The Relative Relevance of Cash Flow and Accrual Information for Solvency Assessments: A Multi‐Method Approach38 cited
  • 1993

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

The FASB's Policy of Extended Adoption for New Standards: An Examination of FAS No. 87.
30 cited