Value relevance research empirically investigates the usefulness of accounting information
to stock investors. Accounting information is denoted as value relevant if there is a statistical …

A summary and analysis of the research literature on write-downs of long-lived assets is
provided. There are several reasons why long-lived asset write-downs have been of …

I review empirical research on the relation between capital markets and financial statements.
The principal sources of demand for capital markets research in accounting are fundamental …

Do accruals-based earnings provide better information about future operating cash flows
than do operating cash flows themselves, as predicted by the Financial Accounting …

We investigate three explanations for prior studies' finding that the usefulness of earnings
announcements, as measured by their absolute market responses, has increased over time …

Under GAAP, SEC and exchange listing rules, managers must disclose material information.
We construct a disclosure specification incorporating managers' obligation to disclose …

This paper assesses the causal relationship between corporate social responsibility (CSR)
activities and corporate financial performance using a sample of 43 hotels for the period …

This study examines bank managers' three major motivations for discretionary behavior with
respect to loan loss provisions: signaling, income smoothing, and capital management. To …

Ranked earnings surprise portfolios formed from First Call files for 1992–97 are used to
assess the annual earnings surprise magnitude for an individual firm sufficient to expect a …

Effective February 05, 2001, publicly traded companies are required to disclose audit and
nonaudit fees paid to their external auditors. These fee data have been used to test whether …