• Publications
  • Influence
International Accounting Standards and Accounting Quality
We examine whether application of International Accounting Standards is associated with higher accounting quality. The application of IAS reflects the combined effects of features of the financialExpand
  • 1,720
  • 297
  • PDF
The Relevance of the Value Relevance Literature For Financial Accounting Standard Setting: Another View
This paper offers a view of the relevance of value relevance research for financial accounting standard setting that contrasts with the view offered in Holthausen and Watts (2001) (hereafter HW). Expand
  • 1,421
  • 132
  • PDF
Relative valuation roles of equity book value and net income as a function of financial health
Abstract This study tests predictions that pricing multiples on and incremental explanatory power of equity book value (net income) increase (decrease) as financial health decreases. Tests using aExpand
  • 804
  • 92
Market rewards associated with patterns of increasing earnings
*Stanford University; tCornell University; +Northwestern University. We appreciate comments from workshop participants at Baruch College, Cornell University, Harvard Business School, the UniversityExpand
  • 852
  • 72
Accruals and the Prediction of Future Cash Flows
Building on the Dechow et al. (1998) model of the accrual process, this study investigates the role of accruals in predicting future cash flows. The model shows that each accrual component reflects...
  • 591
  • 71
Market Reaction to Events Surrounding the Adoption of IFRS in Europe
This paper examines the European stock market reaction to key events predicted to affect the adoption of International Financial Reporting Standards (IFRS) in Europe, including adoption of theExpand
  • 420
  • 56
Are IFRS-based and US GAAP-based accounting amounts comparable? $
This study examines whether application of IFRS by non-US firms results in accounting amounts comparable to those resulting from application of US GAAP by US firms. IFRS firms have greater accountingExpand
  • 459
  • 48
  • PDF
Brand Values and Capital Market Valuation
Brand value estimates are significantly positively related to prices and returns, incremental to accounting variables. Questionable brand value estimate reliability underlies lack of financialExpand
  • 509
  • 43
Revalued Financial Tangible, and Intangible Assets: Associations with Share Prices and Non Market-Based Value Estimates
This study investigates how Australian asset revaluations are associated with share prices and non market-based firm value estimates. We find that revalued financial, tangible, and intangible assetsExpand
  • 563
  • 42