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Domestic Accounting Standards, International Accounting Standards, and the Predictability of Earnings
type="main" xml:lang="en"> We investigate (1) whether the variation in accounting standards across national boundaries relative to International Accounting Standards (IAS) has an impact on theExpand
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Equity Valuation and Negative Earnings: The Role of Book Value of Equity
This study provides an explanation for the anomalous significantly negative price‐earnings relation using the simple earnings capitalization model for firms that report losses. We hypothesize andExpand
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Earnings Management: New Evidence Based On Deferred Tax Expense
We examine the usefulness of deferred tax expense as compared to various accrual measures employed in prior research in detecting earnings management in three settings where earnings managementExpand
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The Accrual Anomaly: International Evidence
We consider stock markets in 20 countries to investigate whether the accrual anomaly (Sloan 1996), characterized by U.S. stock prices overweighting the role of accrual persistence, is a localExpand
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The Interaction between Accrual Management and Hedging: Evidence from Oil and Gas Firms
This research investigates whether oil and gas producing firms use abnormal accruals and hedging with derivatives as substitutes to manage earnings volatility. Firms engaged in oil exploration andExpand
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Market Reaction to Events Surrounding the Sarbanes-Oxley Act of 2002 and Earnings Management
Abstract The Sarbanes‐Oxley Act (SOX) of 2002 is the most important legislation affecting corporate financial reporting enacted in the United States since the 1930s. Its purpose is to improve theExpand
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Earnings Management Strategies and the Trade‐Off between Tax Benefits and Detection Risk: To Conform or Not to Conform?
ABSTRACT: Prior research has separately examined pretax earnings management activities that have current taxable income consequences (book‐tax “conforming earnings management”) and those that do notExpand
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Earnings Management: New Evidence Based on Deferred Tax Expense
We assess the usefulness of deferred tax expense in detecting earnings management. Assuming greater discretion under GAAP than under tax rules, and assuming managers exploit such discretion to manageExpand
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Mispricing of book-tax differences and the trading behavior of short sellers and insiders
ABSTRACT: We find evidence that investors misprice information contained in book-tax differences (BTDs), measured as the ratio of taxable income to book income, TI/BI. Low TI/BI predicts worseExpand
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Earnings Management Strategies and the Trade‐Off between Tax Benefits and Detection Risk: To Conform or Not to Conform?
ABSTRACT: Prior research has separately examined pretax earnings management activities that have current taxable income consequences (book‐tax “conforming earnings management”) and those that do notExpand
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