Earnings Quality

Earnings Quality
Author: Jennifer Francis
Publisher: Now Publishers Inc
Total Pages: 97
Release: 2008
Genre: Business & Economics
ISBN: 1601981147

This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.

Organizational Strategy, Structure, and Process

Organizational Strategy, Structure, and Process
Author: Raymond E. Miles
Publisher: Stanford University Press
Total Pages: 305
Release: 2003-03-26
Genre: Business & Economics
ISBN: 0804767173

"Books and articles come and go, endlessly. But a few do stick, and this book is such a one. Organizational Strategy, Structure, and Process broke fresh ground in the understanding of strategy at a time when thinking about strategy was still in its early days, and it has not been displaced since." —David J. Hickson, Emeritus Professor of International Management & Organization, University of Bradford School of Management Originally published in 1978, Organizational Strategy, Structure, and Process became an instant classic, as it bridged the formerly separate fields of strategic management and organizational behavior. In this Stanford Business Classics reissue, noted strategy scholar Donald Hambrick provides a new introduction that describes the book's contribution to the field of organization studies. Miles and Snow also contribute new introductory material to update the book's central concepts and themes. Organizational Strategy, Structure, and Process focuses on how organizations adapt to their environments. The book introduced a theoretical framework composed of a dynamic adaptive cycle and an empirically based strategy typology showing four different types of adaptation. This framework helped to define subsequent research by other scholars on important topics such as configurational analysis, organizational fit, strategic human resource management, and multi-firm network organizations.

International Accounting

International Accounting
Author: Shahrokh M. Saudagaran
Publisher: Thomson South-Western
Total Pages: 262
Release: 2004
Genre: Business & Economics
ISBN:

As business and capital markets have continue to grow more global over recent years, the need for cross-border financial information has correspondingly increased. This has brought international accounting to the forefront. International Accounting: A User Perspective is designed to provide an understanding of international accounting issues to current and future business managers. The book takes a user perspective to international financial reporting because most business executives are more likely to be users of financial information that crosses national borders than users of it. With the recent problems exposed in the quality of financial reporting in many countries, a solid understanding of international accounting issues is an important part of the portfolio of skills that managers in medium and large enterprises must possess.

Syndicated Lending

Syndicated Lending
Author: Tony Rhodes
Publisher: Euromoney Publications
Total Pages: 684
Release: 2009
Genre: Bank loans
ISBN: 9781843745761

The new Syndicated Lending 5th Edition contains a new corporate acquisition case study, complete update and revised information to take account of all the changes in the rapidly evolving market for syndicated credits

Intermediate Accounting

Intermediate Accounting
Author: Jay M. Smith
Publisher: South Western Educational Publishing
Total Pages: 1168
Release: 1995
Genre: Accounting
ISBN: 9780538833998

Designed primarily for the undergraduate Intermediate Accounting course, but may also be used at the MBA level. The text focuses on how accounting issues affect business and business decisions while presenting the concepts and standards of financial accounting using numerous examples and cases, maintaining a conceptual emphasis.

The Evolution of Corporate Disclosure

The Evolution of Corporate Disclosure
Author: Alessandro Ghio
Publisher: Springer Nature
Total Pages: 193
Release: 2020-04-02
Genre: Business & Economics
ISBN: 3030422992

This book provides a critical analysis of the evolution of corporate disclosure. Building upon prior academic literature, it assesses the most important changes in mandatory corporate disclosure, the growing relevance of social and environmental disclosure, and revolutionary new forms of corporate communication, in particular social media. It also includes empirical analyses that shed further light on the impact of voluntary communication, i.e. social and environmental reporting and corporate social media communication, on managerial and investment decisions. Lastly, it discusses new directions for accounting and corporate governance research on the theoretical and empirical challenges of corporate disclosure. Offering a wealth of relevant and timely advice, the book will help regulators design policies that allow businesses to overcome current and emerging economic, social, and technological challenges.

Sustainability Disclosure

Sustainability Disclosure
Author: Lucrezia Songini
Publisher: Emerald Group Publishing
Total Pages: 180
Release: 2015-11-06
Genre: Business & Economics
ISBN: 178560340X

This volume aims at analysing the main tools, frameworks and issues concerning sustainability disclosure. Particular emphasis is given to the Integrated Reporting, with the aim to identify its antecedents, use within companies, as well as its implementation issues, strengths and weaknesses.

International Perspectives on Accounting and Corporate Behavior

International Perspectives on Accounting and Corporate Behavior
Author: Kunio Ito
Publisher: Springer
Total Pages: 337
Release: 2014-07-08
Genre: Business & Economics
ISBN: 4431547924

Despite the globalization of accounting standards occurring through convergence to International Financial Reporting Standards, local accounting systems are deeply intertwined with each country’s unique institutions such as its corporate system, disclosure practices and enforcement mechanisms. First, this book empirically analyzes the effects of globalization and localization of accounting rules on corporate behavior such as earnings management, signaling, investment behavior and dividend payout policy. Second, the book unravels the economic consequences of disclosure based on the concept of self-disciplining enforcement such as management forecasts, environmental disclosures and risk disclosures by Japanese firms. This volume is a step forward in understanding the link between accounting and corporate behavior based on a new institutional accounting approach.