The Accounting Review http://scitation.aip.org/ The Accounting Review Additional Journal Content http://link.aip.org/link/?TAR/86/i/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, i (2011)] published Tue Sep 13, 2011. September 2011 Placement Ads http://link.aip.org/link/?TAR/86/1851/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 1851 (2011)] published Tue Sep 13, 2011. Editorial Policy and Style Information http://link.aip.org/link/?TAR/86/1847/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 1847 (2011)] published Tue Sep 13, 2011. JAMES D. ROSENFELD (editor), The Selected Works of George J. Benston: Volume 2, Accounting and Finance http://link.aip.org/link/?TAR/86/1843/1&agg=rss LAWRENCE D. BROWN<br/> JAMES D. ROSENFELD (editor), The Selected Works of George J. Benston: Volume 2, Accounting and Finance (New York, NY: Oxford University Press, 2010, ISBN: 978-0-19-538902-9, Vol. 2, pp. xviii, 426). ... [The Accounting Review 86, 1843 (2011)] published Tue Sep 13, 2011. JOHN FLOWER, Accounting and Distributive Justice http://link.aip.org/link/?TAR/86/1841/1&agg=rss BINO CATASUS<br/> JOHN FLOWER, Accounting and Distributive Justice (New York, NY: Routledge, 2010, ISBN 978-0-415-87177-8, pp. 201). ... [The Accounting Review 86, 1841 (2011)] published Tue Sep 13, 2011. DALE L. FLESHER, Gerhard G. Mueller: Father of International Accounting Education http://link.aip.org/link/?TAR/86/1838/1&agg=rss MICHAEL H. GRANOF<br/> DALE L. FLESHER, Gerhard G. Mueller: Father of International Accounting Education (Bingley, U.K.: Emerald Group Publishing Limited, 2010, ISBN 978-0-85724-333-1, pp. x, 222). ... [The Accounting Review 86, 1838 (2011)] published Tue Sep 13, 2011. CHRISTOPHER S. CHAPMAN, DAVID J. COOPER, and PETER B. MILLER (editors), Accounting, Organizations, and Institutions: Essays in Honour of Anthony Hopwood http://link.aip.org/link/?TAR/86/1835/1&agg=rss SHANNON W. ANDERSON<br/> CHRISTOPHER S. CHAPMAN, DAVID J. COOPER, and PETER B. MILLER (editors), Accounting, Organizations, and Institutions: Essays in Honour of Anthony Hopwood (Oxford, U.K.: Oxford University Press, 2009, ISBN 978-0-19-954635-0, pp. xi, 441). ... [The Accounting Review 86, 1835 (2011)] published Tue Sep 13, 2011. Controls as Exit Barriers in Multiperiod Outsourcing Arrangements http://link.aip.org/link/?TAR/86/1795/1&agg=rss Yee Shih Phua, Margaret A. Abernethy, and Anne M. Lillis<br/> ABSTRACT: This study explores how initial control choice influences the ease with which outsourcing firms switch suppliers. We recognize that firms invest in controls to manage collaborative relationships, and argue that these investments generate switching costs, namely, opportunity and reinvestmen ... [The Accounting Review 86, 1795 (2011)] published Tue Sep 13, 2011. More Evidence of Bias in the Differential Timeliness Measure of Conditional Conservatism http://link.aip.org/link/?TAR/86/1765/1&agg=rss Panos N. Patatoukas and Jacob K. Thomas<br/> ABSTRACT: Despite the conceptual appeal and popularity of the differential timeliness (DT) measure of conditional conservatism proposed in Basu (1997), Dietrich et al. (2007) and Givoly et al. (2007) have identified considerable biases associated with that measure. We renew their call to avoid using ... [The Accounting Review 86, 1765 (2011)] published Tue Sep 13, 2011. The Importance of Audit Profession Development in Emerging Market Countries http://link.aip.org/link/?TAR/86/1731/1&agg=rss Paul N. Michas<br/> ABSTRACT: This study investigates the country-level development of the audit profession in emerging market countries and whether this development is associated with audit quality and auditor choice. I find that audit quality is higher for client companies located in countries with a more developed a ... [The Accounting Review 86, 1731 (2011)] published Tue Sep 13, 2011. Cost Pool Classification and Judgment Performance http://link.aip.org/link/?TAR/86/1709/1&agg=rss M. Christian Mastilak<br/> ABSTRACT: Managers must understand relations among costs in order to make decisions. Prior literature assumes managers' use of cost accounting system output is affected by the information coming from the system, but not by the design of the cost system itself. This study examines how the classificat ... [The Accounting Review 86, 1709 (2011)] published Tue Sep 13, 2011. How Standardized Is Accounting? http://link.aip.org/link/?TAR/86/1679/1&agg=rss Paul E. Madsen<br/> ABSTRACT: There is disagreement in the accounting community about what level of standardization would be efficient for accounting. Many of the known costs and benefits of standardization have gone unmeasured and, as a result, there have been no efforts to quantitatively identify an efficient level o ... [The Accounting Review 86, 1679 (2011)] published Tue Sep 13, 2011. Voluntary Audits versus Mandatory Audits http://link.aip.org/link/?TAR/86/1655/1&agg=rss Clive S. Lennox and Jeffrey A. Pittman<br/> ABSTRACT: Exploiting a natural experiment in which voluntary audits replace mandatory audits for U.K. private companies, we analyze whether imposing audits suppresses valuable information about the types of companies that would voluntarily choose to be audited. We control for the assurance benefits ... [The Accounting Review 86, 1655 (2011)] published Tue Sep 13, 2011. On Testing Business Models http://link.aip.org/link/?TAR/86/1631/1&agg=rss David P. Huelsbeck, Kenneth A. Merchant, and Tatiana Sandino<br/> ABSTRACT: This study explores decisions related to formal empirical tests of business models and interpretations and uses of those tests. Business models describe managers' rationales as to how their organizations will achieve success. This study documents a test of one company's business model unde ... [The Accounting Review 86, 1631 (2011)] published Tue Sep 13, 2011. Earnings Management Using Real Activities: Evidence from Nonprofit Hospitals http://link.aip.org/link/?TAR/86/1605/1&agg=rss Leslie G. Eldenburg, Katherine A. Gunny, Kevin W. Hee, and Naomi Soderstrom<br/> ABSTRACT: We extend the literature on earnings management through real operating decisions by providing insight into the types of expenditures (core versus noncore and operating versus non-operating activities) affected by earnings management. We partition a sample of California nonprofit hospitals ... [The Accounting Review 86, 1605 (2011)] published Tue Sep 13, 2011. Accounting Adjustments and the Valuation of Financial Statement Note Information in 10-K Filings http://link.aip.org/link/?TAR/86/1577/1&agg=rss Gus De Franco, M. H. Franco Wong, and Yibin Zhou<br/> ABSTRACT: We examine the valuation of financial statement note information at the time of 10-K filings. We find that stock returns around 10-K filings are positively related to accounting adjustments calculated from financial statement note information. We further document that the likelihood of equ ... [The Accounting Review 86, 1577 (2011)] published Tue Sep 13, 2011. The Determinants and Performance Effects of Managers' Performance Evaluation Biases http://link.aip.org/link/?TAR/86/1549/1&agg=rss Jasmijn C. Bol<br/> ABSTRACT: This study examines the determinants and performance effects of centrality bias and leniency bias. The results show that managers respond to their own incentives and preferences when subjectively evaluating performance. Specifically, information-gathering costs and strong employee-manager ... [The Accounting Review 86, 1549 (2011)] published Tue Sep 13, 2011. Informed Trading and the Market Reaction to Accounting Restatements http://link.aip.org/link/?TAR/86/1519/1&agg=rss Brad A. Badertscher, S. Paul Hribar, and Nicole Thorne Jenkins<br/> ABSTRACT: We examine how informed trading activities affect the market reaction to accounting restatements. We find significantly less negative reactions to accounting restatements when managers are net purchasers of stock before the restatement, and significantly more negative market reactions when ... [The Accounting Review 86, 1519 (2011)] published Tue Sep 13, 2011. Overvaluation and the Choice of Alternative Earnings Management Mechanisms http://link.aip.org/link/?TAR/86/1491/1&agg=rss Brad A. Badertscher<br/> ABSTRACT: In this study I examine how the degree and duration of overvaluation affect management's use of alternative within-GAAP earnings management, restrictions on further exploitation of within-GAAP accruals management, and subsequent non-GAAP earnings management. Further, I examine how one type ... [The Accounting Review 86, 1491 (2011)] published Tue Sep 13, 2011. Additional Journal Content http://link.aip.org/link/?TAR/86/i/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, i (2011)] published Wed Jul 20, 2011. JULY 2011 PLACEMENT ADS http://link.aip.org/link/?TAR/86/1491/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 1491 (2011)] published Wed Jul 20, 2011. EDITORIAL POLICY AND STYLE INFORMATION http://link.aip.org/link/?TAR/86/1487/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 1487 (2011)] published Wed Jul 20, 2011. Capsule Commentary http://link.aip.org/link/?TAR/86/1484/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 1484 (2011)] published Wed Jul 20, 2011. Insights from Accounting History: Selected Writings of Stephen Zeff http://link.aip.org/link/?TAR/86/1482/1&agg=rss DAVID OLDROYD<br/> STEPHEN A. ZEFF, Insights from Accounting History: Selected Writings of Stephen Zeff (New York, NY: Routledge, 2010, ISBN: 978-0-415-55429-9, pp. xxxiii, 522). ... [The Accounting Review 86, 1482 (2011)] published Wed Jul 20, 2011. Accounting for Growth in Latin America and the CaribbeanImproving Corporate Financial Reporting to Support Regional Economic Development http://link.aip.org/link/?TAR/86/1480/1&agg=rss ELISEU MARTINS<br/> HENRI FORTIN, ANA CRISTINA HIRATA BARROS, and KIT CUTLER, Accounting for Growth in Latin America and the CaribbeanImproving Corporate Financial Reporting to Support Regional Economic Development (Washington DC: The World Bank, 2010, ISBN 978-0-8213-8108-3, available online, pp. xxxi, 164). ... [The Accounting Review 86, 1480 (2011)] published Wed Jul 20, 2011. Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting http://link.aip.org/link/?TAR/86/1477/1&agg=rss SALEHA B. KHUMAWALA<br/> KRISLERT SAMPHANTHARAK and ROBERT M. TOWNSEND, Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting, Econometric Society Monographs (Cambridge, U.K.: Cambridge University Press, 2010, ISBN 978-0-521-19582-9, pp. xii, 19 ... [The Accounting Review 86, 1477 (2011)] published Wed Jul 20, 2011. Data Truncation Bias, Loss Firms, and Accounting Anomalies http://link.aip.org/link/?TAR/86/1445/1&agg=rss Siew Hong Teoh and Yinglei Zhang<br/> ABSTRACT: Ex post trimming of extreme returns observations that are not data errors causes spurious inferences in tests of market efficiency and behavioral explanations for anomalies. Trimming causes a downward truncation bias in estimated mean returns that is stronger in ex ante subsamples with mor ... [The Accounting Review 86, 1445 (2011)] published Wed Jul 20, 2011. Determinants of Disclosure Noncompliance and the Effect of the SEC Review: Evidence from the 2006 Mandated Compensation Disclosure Regulations http://link.aip.org/link/?TAR/86/1415/1&agg=rss John R . Robinson, Yanfeng Xue, and Yong Yu<br/> ABSTRACT: We investigate the economic forces that influence noncompliance with mandatory compensation disclosures and the effect of a subsequent focused enforcement action. We utilize SEC evaluations of compensation disclosures mandated by rules adopted in 2006 to examine whether noncompliance is as ... [The Accounting Review 86, 1415 (2011)] published Wed Jul 20, 2011. What Makes Conference Calls Useful? The Information Content of Managers' Presentations and Analysts' Discussion Sessions http://link.aip.org/link/?TAR/86/1383/1&agg=rss Dawn Matsumoto, Maarten Pronk, and Erik Roelofsen<br/> ABSTRACT: Conference calls held in conjunction with an earnings release have become increasingly common in recent years, yet there is little evidence regarding the reasons that these calls are incrementally informative over the accompanying press release. Using a sample of more than 10,000 conferenc ... [The Accounting Review 86, 1383 (2011)] published Wed Jul 20, 2011. The Pricing of Accruals Quality: January versus the Rest of the Year http://link.aip.org/link/?TAR/86/1349/1&agg=rss Christina A. Mashruwala and Shamin D. Mashruwala<br/> ABSTRACT: As an alternative way to shed light on the debate over whether accruals quality is a priced risk factor, we examine the effect of seasonality on the pricing of the modified Dechow and Dichev (2002) accruals quality measure (AQ). We find that (1) high AQ stocks outperform low AQ stocks only ... [The Accounting Review 86, 1349 (2011)] published Wed Jul 20, 2011. Relative Firm Profitability and Stock Return Sensitivity to Industry-Level News http://link.aip.org/link/?TAR/86/1321/1&agg=rss Shengquan Hao, Qinglu Jin, and Guochang Zhang<br/> ABSTRACT: This study provides theory and evidence to demonstrate how relative firm profitability within an industry affects stock return sensitivity to industry-level news. Extending the Cournot and Bertrand competition models, we predict that (1) the returns of less profitable firms in an industry ... [The Accounting Review 86, 1321 (2011)] published Wed Jul 20, 2011. Monitoring by Auditors: The Case of Public Housing Authorities http://link.aip.org/link/?TAR/86/1289/1&agg=rss Barbara Murray Grein and Stefanie L . Tate<br/> ABSTRACT: We take advantage of the unique reporting requirements of nonprofit public housing authorities (PHAs) to study the effect of audits on financial information both generally and when there are management incentives to misreport financial data. There is little prior research on the effect of ... [The Accounting Review 86, 1289 (2011)] published Wed Jul 20, 2011. Financial Reporting Quality and Investment Efficiency of Private Firms in Emerging Markets http://link.aip.org/link/?TAR/86/1255/1&agg=rss Feng Chen, Ole-Kristian Hope, Qingyuan Li, and Xin Wang<br/> ABSTRACT: Prior research shows that financial reporting quality (FRQ) is positively related to investment efficiency for large U.S. publicly traded companies. We examine the role of FRQ in private firms from emerging markets, a setting in which extant research suggests that FRQ would be less conduci ... [The Accounting Review 86, 1255 (2011)] published Wed Jul 20, 2011. Risk-Based Auditing, Strategic Prompts, and Auditor Sensitivity to the Strategic Risk of Fraud http://link.aip.org/link/?TAR/86/1231/1&agg=rss Kendall Bowlin<br/> ABSTRACT: Under risk-based auditing, more (fewer) audit resources are allocated to accounts that are more (less) likely to be misstated. However, if auditors do not anticipate the strategic risk that arises when client managers anticipate auditors' risk-based resource allocations, undetected misstat ... [The Accounting Review 86, 1231 (2011)] published Wed Jul 20, 2011. Spillover Effects in Subjective Performance Evaluation: Bias and the Asymmetric Influence of Controllability http://link.aip.org/link/?TAR/86/1213/1&agg=rss Jasmijn C. Bol and Steven D. Smith<br/> ABSTRACT: We examine how subjective performance evaluations are influenced by the level and controllability of an accompanying measure of a separate performance dimension. In our experiment, supervisors evaluate the office administration performance of a hypothetical subordinate. We find that superv ... [The Accounting Review 86, 1213 (2011)] published Wed Jul 20, 2011. Modeling Discretionary Accrual Reversal and the Balance Sheet as an Earnings Management Constraint http://link.aip.org/link/?TAR/86/1189/1&agg=rss William R . Baber, Sok-Hyon Kang, and Ying Li<br/> ABSTRACT: This study presents conceptual and empirical analyses of discretionary accrual reversal in the earnings management context. We specifically focus on the extent that income-increasing (decreasing) discretionary accruals initiated in a prior period reverse to become income-decreasing (increa ... [The Accounting Review 86, 1189 (2011)] published Wed Jul 20, 2011. Internal Control Weakness and Bank Loan Contracting: Evidence from SOX Section 404 Disclosures http://link.aip.org/link/?TAR/86/1157/1&agg=rss Jeong-Bon Kim, Byron Y . Song, and Liandong Zhang<br/> ABSTRACT: Using a sample of borrowing firms that disclosed internal control weaknesses (ICW) under Section 404 of the Sarbanes-Oxley Act, this study compares various features of loan contracts between firms with ICW and those without ICW. Our results show the following. First, the loan spread is hig ... [The Accounting Review 86, 1157 (2011)] published Wed Jul 20, 2011. Internal Control Disclosures, Monitoring, and the Cost of Debt http://link.aip.org/link/?TAR/86/1131/1&agg=rss Dan Dhaliwal, Chris Hogan, Robert Trezevant, and Michael Wilkins<br/> ABSTRACT: We test the relationship between the change in a firm's cost of debt and the disclosure of a material weakness in an initial Section 404 report. We find that, on average, a firm's credit spread on its publicly traded debt marginally increases if it discloses a material weakness. We also ex ... [The Accounting Review 86, 1131 (2011)] published Wed Jul 20, 2011. Editorial http://link.aip.org/link/?TAR/86/1129/1&agg=rss Steven J . Kachelmeier<br/> Abstract not available. [The Accounting Review 86, 1129 (2011)] published Wed Jul 20, 2011. Additional Journal Content http://link.aip.org/link/?TAR/86/i/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, i (2011)] published Thu Mar 31, 2011. May 2011 Placement Ads http://link.aip.org/link/?TAR/86/1128/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 1128 (2011)] published Thu Mar 31, 2011. Editorial Policy and Style Information http://link.aip.org/link/?TAR/86/1123/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 1123 (2011)] published Thu Mar 31, 2011. Capsule Commentary http://link.aip.org/link/?TAR/86/1122/1&agg=rss STEPHEN ZEFF<br/> Abstract not available. [The Accounting Review 86, 1122 (2011)] published Thu Mar 31, 2011. Accountancy and Empire: The British Legacy of Professional Organization http://link.aip.org/link/?TAR/86/1119/1&agg=rss CHRIS POULLAOS, SUKI SIAN, and IGNACE DE BEELDE<br/> Abstract not available. [The Accounting Review 86, 1119 (2011)] published Thu Mar 31, 2011. Psychology Models of Management Accounting, http://link.aip.org/link/?TAR/86/1117/1&agg=rss JOAN LUFT, MICHAEL D. SHIELDS, and THERESA LIBBY<br/> Abstract not available. [The Accounting Review 86, 1117 (2011)] published Thu Mar 31, 2011. The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts http://link.aip.org/link/?TAR/86/1087/1&agg=rss Reuven Lehavy, Feng Li, and Kenneth Merkley<br/> ABSTRACT: This study examines the effect of the readability of firms' written communication on the behavior of sell-side financial analysts. Using a measure of the readability of corporate 10-K filings, we document that analyst following, the amount of effort incurred to generate their reports, and ... [The Accounting Review 86, 1087 (2011)] published Thu Mar 31, 2011. Internal Controls and Conditional Conservatism http://link.aip.org/link/?TAR/86/975/1&agg=rss Beng Wee Goh and Dan Li<br/> ABSTRACT: This study examines the relation between internal controls and conditional conservatism (conservatism), also referred to as timely loss recognition. Using a sample of firms that disclose material weaknesses (MWs) in internal controls under the Sarbanes-Oxley Act (SOX), we find a positive r ... [The Accounting Review 86, 975 (2011)] published Thu Mar 31, 2011. Changes over Time in the Revenue-Expense Relation: Accounting or Economics? http://link.aip.org/link/?TAR/86/945/1&agg=rss Dain C. Donelson, Ross Jennings, and John McInnis<br/> ABSTRACT: Dichev and Tang (2008) document a dramatic decrease over the last 40 years in the contemporaneous correlation between revenue and expense, along with an associated increase in earnings volatility and a decline in earnings persistence, suggesting a decline in earnings quality. We document t ... [The Accounting Review 86, 945 (2011)] published Thu Mar 31, 2011. How a Systems Perspective Improves Knowledge Acquisition and Performance in Analytical Procedures http://link.aip.org/link/?TAR/86/915/1&agg=rss Billy E. Brewster<br/> ABSTRACT: Auditors are required to understand dynamic business environments as part of the performance of analytical procedures. Prior evidence, though, suggests that auditors have difficulty understanding such environments. This study reports an experimental investigation of techniques that help au ... [The Accounting Review 86, 915 (2011)] published Thu Mar 31, 2011. Dividends, Share Repurchases, and Tax Clienteles: Evidence from the 2003 Reductions in Shareholder Taxes http://link.aip.org/link/?TAR/86/887/1&agg=rss Jennifer L. Blouin, Jana S. Raedy, and Douglas A. Shackelford<br/> ABSTRACT: This study jointly evaluates firm-level changes in investor composition and shareholder distributions following a 2003 reduction in the dividend and capital gains tax rates for individuals. We find that directors and officers, but not other individual investors, rebalanced their portfolios ... [The Accounting Review 86, 887 (2011)] published Thu Mar 31, 2011. Capital Structure, Cost of Capital, and Voluntary Disclosures http://link.aip.org/link/?TAR/86/857/1&agg=rss Jeremy Bertomeu, Anne Beyer, and Ronald A. Dye<br/> ABSTRACT: This paper develops a model of financing that jointly determines a firm's capital structure, its voluntary disclosure policy, and its cost of capital. Investors who receive securities in return for supplying capital sometimes incur losses when they trade their securities with an informed t ... [The Accounting Review 86, 857 (2011)] published Thu Mar 31, 2011. Detection and Severity Classifications of Sarbanes-Oxley Section 404 Internal Control Deficiencies http://link.aip.org/link/?TAR/86/825/1&agg=rss Jean C. Bedard and Lynford Graham<br/> ABSTRACT: We examine detection and severity classification of internal control deficiencies (ICD) identified under Section 404 of the Sarbanes-Oxley Act of 2002. While the cost/benefit balance of auditor testing of internal controls is highly controversial, prior research has not examined auditor ve ... [The Accounting Review 86, 825 (2011)] published Thu Mar 31, 2011. Supply Chains and Segment Profitability: How Input Pricing Creates a Latent Cross-Segment Subsidy http://link.aip.org/link/?TAR/86/805/1&agg=rss Anil Arya and Brian Mittendorf<br/> ABSTRACT: Recent years have seen an increased emphasis on developing more precise accounting measures of market- and customer-level profitability. By their very nature, such segment profitability measures may unwittingly neglect complementarities. Such complementarities have been widely recognized o ... [The Accounting Review 86, 805 (2011)] published Thu Mar 31, 2011. Effects of SFAS 133 on the Risk Relevance of Accounting Measures of Banks' Derivative Exposures http://link.aip.org/link/?TAR/86/769/1&agg=rss Anwer S. Ahmed, Emre Kilic, and Gerald J. Lobo<br/> ABSTRACT: We provide evidence on the effects of SFAS 133 on the risk relevance of accounting measures of bank derivative exposures to bond markets. First, we find that interest rate derivatives classified as hedging are more negatively associated with fixed-rate bond spreads after SFAS 133. We also ... [The Accounting Review 86, 769 (2011)] published Thu Mar 31, 2011. Principles-Based versus Rules-Based Accounting Standards: The Influence of Standard Precision and Audit Committee Strength on Financial Reporting Decisions http://link.aip.org/link/?TAR/86/747/1&agg=rss Christopher P. Agoglia, Timothy S. Doupnik, and George T. Tsakumis<br/> ABSTRACT: Recent accounting scandals have resulted in regulatory initiatives designed to strengthen audit committee oversight of corporate financial reporting and have led to a concern that U.S. GAAP has become too rules-based. We examine issues related to these initiatives using two experiments. CF ... [The Accounting Review 86, 747 (2011)] published Thu Mar 31, 2011. Inflation and Nominal Financial Reporting: Implications for Performance and Stock Prices http://link.aip.org/link/?TAR/86/1045/1&agg=rss Yaniv Konchitchki<br/> ABSTRACT: The monetary unit assumption of financial accounting assumes a stable currency (i.e., constant purchasing power over time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I posit that, while the effects of inflation are not rec ... [The Accounting Review 86, 1045 (2011)] published Thu Mar 31, 2011. Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts http://link.aip.org/link/?TAR/86/1007/1&agg=rss Guojin Gong, Laura Yue Li, and Jae Yong Shin<br/> ABSTRACT: This study examines the explicit use of relative performance evaluation (RPE) in executive compensation contracts and the selection of RPE peers. Using S&P 1500 firms' first proxy disclosures under the SEC's 2006 executive compensation disclosure rules, we find that about 25 percent of our ... [The Accounting Review 86, 1007 (2011)] published Thu Mar 31, 2011. Additional Journal Content http://link.aip.org/link/?TAR/86/i/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, i (2011)] published Thu Mar 3, 2011. February 2011 Placement Ads http://link.aip.org/link/?TAR/86/747/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 747 (2011)] published Thu Mar 3, 2011. Editorial Policy and Style Information http://link.aip.org/link/?TAR/86/743/1&agg=rss <br/> Abstract not available. [The Accounting Review 86, 743 (2011)] published Thu Mar 3, 2011. Managing Organizational Culture for Effective Internal Control: From Practice to Theory http://link.aip.org/link/?TAR/86/738/1&agg=rss JAN PFISTER and FRANK HARTMANN<br/> Abstract not available. [The Accounting Review 86, 738 (2011)] published Thu Mar 3, 2011. Executive Compensation and Financial Accounting http://link.aip.org/link/?TAR/86/735/1&agg=rss DAVID ABOODY, RON KASZNIK, and MARY ELLEN CARTER<br/> Abstract not available. [The Accounting Review 86, 735 (2011)] published Thu Mar 3, 2011. Stock Repurchases and Executive Compensation Contract Design: The Role of Earnings per Share Performance Conditions http://link.aip.org/link/?TAR/86/703/1&agg=rss Steven Young and Jing Yang<br/> ABSTRACT: We examine the link between firms' stock repurchase activity and the presence of earnings per share (EPS) performance conditions in executive compensation contracts. Findings reveal a strong positive association between repurchases and EPS-contingent compensation arrangements. Further anal ... [The Accounting Review 86, 703 (2011)] published Thu Mar 3, 2011. The Role of Newswires in Screening and Disseminating Value-Relevant Information in Periodic SEC Reports http://link.aip.org/link/?TAR/86/669/1&agg=rss Edward Xuejun Li, K. Ramesh, and Min Shen<br/> ABSTRACT: We examine the role of newswires in identifying and conveying market-moving information in periodic SEC reports to capital market participants. Using data on Dow Jones Newswires, we find that newswires are more likely to send alerts on firms that do not release preliminary earnings, have c ... [The Accounting Review 86, 669 (2011)] published Thu Mar 3, 2011. Voluntary Disclosure to Influence Investor Reactions to Merger Announcements: An Examination of Conference Calls http://link.aip.org/link/?TAR/86/637/1&agg=rss Michael D. Kimbrough and Henock Louis<br/> ABSTRACT: We find that bidders are more likely to hold conference calls at merger announcements when the mergers are financed with stock and when the transactions are large. After controlling for endogeneity, we also find that conference calls are associated with more favorable market reactions to m ... [The Accounting Review 86, 637 (2011)] published Thu Mar 3, 2011. Investment Growth and the Relation between Equity Value, Earnings, and Equity Book Value http://link.aip.org/link/?TAR/86/605/1&agg=rss Shengquan Hao, Qinglu Jin, and Guochang Zhang<br/> Abstract: Using Zhang (2000) as the theoretical basis, we predict and empirically test the effect of investment growth on the relation between equity value and accounting variables. We find that (1) growth increases the slope in the value-earnings relation for high-profitability firms (consistent wi ... [The Accounting Review 86, 605 (2011)] published Thu Mar 3, 2011. Warranty Reserve: Contingent Liability, Information Signal, or Earnings Management Tool? http://link.aip.org/link/?TAR/86/569/1&agg=rss Daniel Cohen, Masako N. Darrough, Rong Huang, and Tzachi Zach<br/> ABSTRACT: We examine the information role of accounting disclosures on warranties, utilizing a database that became available due to the requirements of FIN 45. First, because firms use warranty policies as a business strategy to promote their products, a warranty reserve can serve two roles: an inf ... [The Accounting Review 86, 569 (2011)] published Thu Mar 3, 2011. Asset Securitization, Securitization Recourse, and Information Uncertainty http://link.aip.org/link/?TAR/86/541/1&agg=rss Mei Cheng, Dan S. Dhaliwal, and Monica Neamtiu<br/> ABSTRACT: In this study, we examine some of the consequences of asset securitization. Specifically, using a sample of bank holding companies, we investigate whether the difficulty in assessing the true extent of risk transfer, between securitizing banks and investors in asset-backed securities, affe ... [The Accounting Review 86, 541 (2011)] published Thu Mar 3, 2011. Are Investors Confused by Restatements after Sarbanes-Oxley? http://link.aip.org/link/?TAR/86/507/1&agg=rss Jeffrey J. Burks<br/> ABSTRACT: Regulators have expressed concern that investors are confused by the large number and questionable materiality of accounting restatements since passage of the Sarbanes-Oxley Act (SOX). This study looks for evidence of investor confusion by examining stock returns and trading volume. I find ... [The Accounting Review 86, 507 (2011)] published Thu Mar 3, 2011. Earnings Quality and International IPO Underpricing http://link.aip.org/link/?TAR/86/483/1&agg=rss Thomas J. Boulton, Scott B. Smart, and Chad J. Zutter<br/> ABSTRACT: This study examines the impact of country-level earnings quality on IPO underpricing. Examining 10,783 IPOs from 37 countries, we find that IPOs are underpriced less in countries where public firms produce higher quality earnings information. This finding persists after controlling for oth ... [The Accounting Review 86, 483 (2011)] published Thu Mar 3, 2011. The Effect of Trading Volume on Analysts' Forecast Bias http://link.aip.org/link/?TAR/86/451/1&agg=rss Anne Beyer and Ilan Guttman<br/> ABSTRACT: This study models the interaction between a sell-side analyst and risk-averse investors. It derives an analyst's optimal earnings forecast and investors' optimal trading decisions in a setting where the analyst's payoff depends on the trading volume the forecast generates as well as on the ... [The Accounting Review 86, 451 (2011)] published Thu Mar 3, 2011. Discretionary Disclosure in Financial Reporting: An Examination Comparing Internal Firm Data to Externally Reported Segment Data http://link.aip.org/link/?TAR/86/417/1&agg=rss Daniel A. Bens, Philip G. Berger, and Steven J. Monahan<br/> ABSTRACT: We use confidential, U.S. Census Bureau, plant-level data to investigate aggregation in external reporting. We compare firms' plant-level data to their published segment reports by grouping a firm's plants that share the same four-digit SIC code into a pseudo-segment. We then determine whe ... [The Accounting Review 86, 417 (2011)] published Thu Mar 3, 2011. Investor Trading and the Post-Earnings-Announcement Drift http://link.aip.org/link/?TAR/86/385/1&agg=rss Benjamin C. Ayers, Oliver Zhen Li, and P. Eric Yeung<br/> ABSTRACT: We examine whether the two distinct post-earnings-announcement drifts associated with seasonal random-walk-based and analyst-based earnings surprises are attributable to the trading activities of distinct sets of investors. We predict and find that small (large) traders continue to trade i ... [The Accounting Review 86, 385 (2011)] published Thu Mar 3, 2011. Accounting Scholarship that Advances Professional Knowledge and Practice http://link.aip.org/link/?TAR/86/367/1&agg=rss Robert S. Kaplan<br/> ABSTRACT: Recent accounting scholarship has used statistical analyses on asset prices, financial reports and disclosures, laboratory experiments, and surveys of practice. The research has studied the interface among accounting information, capital markets, standard-setters, and financial analysts an ... [The Accounting Review 86, 367 (2011)] published Thu Mar 3, 2011.