Asher Curtis

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We examine the relation between managerial ability and earnings quality. We find that earnings quality is positively associated with managerial ability. Specifically, more able managers are associated with fewer subsequent restatements, higher earnings and accruals persistence, lower errors in the bad debt provision, and higher quality accrual estimations.(More)
Comments Welcome. † We gratefully acknowledge the helpful comments from two anonymous reviewers, We are grateful for financial support received for this project from AFAANZ and the Australian National University and to the NYSE and the NASDAQ for providing some of the short-interest data used in this paper. All errors remain our own responsibility.(More)
We investigate whether time-series variation in consumer confidence affects the long-run association between prices and accounting based measures of fundamental value (hereafter, fundamentals). We estimate the components of consumer confidence related to expected growth and investor sentiment. We find a significant role for both expected growth and investor(More)
We empirically examine the usefulness of (i) forward-looking accounting fundamentals, and (ii) 'other prospectus information' variables that prior literature suggests are value drivers, in the valuation of Australian Initial Public Offer (IPO) firms. We begin by examining the extent to which IPO offer price and first-day closing price is captured by(More)
This paper examines the impact of client size on the estimation of audit fee premiums attributed to industry specialization in the Australian market for audit services. Previous research suggests that higher audit fees are expected for both larger clients and for industry specialization. The difference however is with respect to whether fee premiums are(More)
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