Voluntary IAS 1 accounting disclosures prior to official IAS adoption: An empirical investigation of UK firms

Abarbanell, 2003, Biased forecasts or biased earnings? The role of reported earnings in explaining apparent bias and over/underreaction in analysts’ earnings forecasts, J. Acc. Econ., 36, 105, 10.1016/j.jacceco.2003.11.001 Aboody, 2000, CEO stock option awards and the timing of corporate voluntary disclosures, J. Acc. Econ., 29, 73, 10.1016/S0165-4101(00)00014-8 Baiman, 1996, The relation among capital markets, financial disclosure, production efficiency and insider trading, J. Acc. Res., 34, 1, 10.2307/2491329 Ball, 2000, The effect of international institutional factors on properties of accounting earnings, J. Acc. Econ., 29, 1, 10.1016/S0165-4101(00)00012-4 Bazaz, 2001, Value relevance of unrealized foreign currency translation gains and losses, Mid: Am. J. Bus., 16, 55, 10.1108/19355181200100012 Beaver, 2002, Perspectives on recent capital market research, Acc. Rev., 77, 453, 10.2308/accr.2002.77.2.453 Blacconiere, 1994, Environmental disclosures, regulatory costs and changes in firm value, J. Acc. Econ., 18, 357, 10.1016/0165-4101(94)90026-4 Botosan, 1997, Disclosure level and the cost of equity capital, Acc. Rev., 72, 323 Brayshaw, 1989, The smoothing hypothesis and the role of exchange differences, J. Bus. Finance Acc., 16, 621, 10.1111/j.1468-5957.1989.tb00042.x Brown, 2005, A temporal analysis of quarterly earnings thresholds: propensities and valuation consequences, Acc. Rev. Burgstahler, 1997, Earnings management to avoid earnings decreases and losses, J. Acc. Econ., 24, 99, 10.1016/S0165-4101(97)00017-7 Bushman, 2001, Financial accounting information and corporate governance, J. Acc. Econ., 32, 237, 10.1016/S0165-4101(01)00027-1 Chung, 2002, Institutional monitoring and opportunistic earnings management, J. Corp. Finance, 8, 29, 10.1016/S0929-1199(01)00039-6 DeFond, 1997, Smoothing income in anticipation of future earnings, J. Acc. Econ., 23, 115, 10.1016/S0165-4101(97)00004-9 Diamond, 1991, Disclosure, liquidity, and the cost of capital, J. Finance, 66, 1325, 10.2307/2328861 Doukas, 2005, Security analysis, agency costs and UK firm characteristics, Int. Rev. Financ. Anal., 14, 493, 10.1016/j.irfa.2004.10.015 Dye, 1995, Discretion vs. uniformity: choices among GAAP, Acc. Rev., 70, 389 Easton, 1991, Earnings as an explanatory variable for returns, J. Acc. Res., 29, 19, 10.2307/2491026 Fairchild, 2003, Dividend smoothing and optimal re-investment, Managerial Finance, 29, 35, 10.1108/03074350310768553 Fields, 2001, Empirical research on accounting choice, J. Acc. Econ., 31, 255, 10.1016/S0165-4101(01)00028-3 Francis, 2001, Discussion of empirical research on accounting choice, J. Acc. Econ., 31, 309, 10.1016/S0165-4101(01)00017-9 Gaver, 1998, The relation between nonrecurring accounting transactions and CEO cash compensation, Acc. Rev., 73, 235 Gelb, 2002, Corporate disclosure policy and the informativeness of stock prices, Rev. Acc. Stud., 7, 33, 10.1023/A:1017927530007 Gietzmann, 2003, Disclosure interactions: accounting policy choice and voluntary disclosure effects on the cost of raising outside capital, Acc. Bus. Res., 33, 187, 10.1080/00014788.2003.9729646 Gigler, 1994, Self-enforcing voluntary disclosures, J. Acc. Res., 32, 224, 10.2307/2491283 Gigler, 2001, Conservatism, optimal disclosure policy, and the timeliness of financial reports, Acc. Rev., 76, 471, 10.2308/accr.2001.76.4.471 Han, 1998, Political costs and earnings management of oil companies during the 1990 Persian Gulf crisis, Acc. Rev., 73, 103 Hand, 1998, The economic determinants of accounting choices: the unique case of equity carve-outs under SAB 51, J. Acc. Econ., 24, 175, 10.1016/S0165-4101(98)00005-6 Healy, 1985, The impact of bonus schemes on the selection of accounting principles, J. Acc. Econ., 7, 85, 10.1016/0165-4101(85)90029-1 Healy, 1999, Stock price performance and intermediation changes surrounding sustained increases in disclosure, Contemporary Acc. Res. (Fall), 485, 10.1111/j.1911-3846.1999.tb00592.x Healy, 1993, The effect of firms’ financial disclosure strategies on stock prices, Acc. Horizons, 7, 1 Healy, 1995, The challenges of investor communications: the case of CUC International Inc., J. Financ. Econ., 38, 111, 10.1016/0304-405X(94)00814-H Healy, 2001, Information asymmetry, corporate disclosure, and the capital markets: a review of the empirical disclosure literature, J. Acc. Econ., 31, 405, 10.1016/S0165-4101(01)00018-0 Holthausen, 1983, The economic consequences of accounting choice: implications of costly contracting and monitoring, J. Acc. Econ., 5, 77, 10.1016/0165-4101(83)90007-1 Kasanen, 1996, Dividend-based earnings management: empirical evidence from Finland, J. Acc. Econ., 22, 283, 10.1016/S0165-4101(96)00435-1 Kasznik, 1999, On the association between voluntary disclosure and earnings management, J. Acc. Res., 37, 57, 10.2307/2491396 Kothari, 2001, Capital market research in accounting, J. Acc. Econ., 31, 105, 10.1016/S0165-4101(01)00030-1 Lambert, 2001, Contracting theory and accounting, J. Acc. Econ., 32, 3, 10.1016/S0165-4101(01)00037-4 Lang, 1993, Cross-sectional determinants of analyst ratings of corporate disclosures, J. Acc. Res., 31, 246, 10.2307/2491273 Levitt, A., 1998. The Numbers Game, Speech at New York University, September 28. May, 1995, Do managerial motives influence firm risk reduction strategies?, J. Finance, 50, 1291, 10.2307/2329353 Maydew, 1997, Tax-induced earnings management by firms with net operating losses, J. Acc. Res., 35, 83, 10.2307/2491468 Newman, 1993, Disclosure policies with multiple users, J. Acc. Res., 31, 92, 10.2307/2491043 Reilly, 1997 Ronen, 1981 Scholes, 1992, Firms’ responses to anticipated reduction in tax rates: the tax reform act of 1986, J. Acc. Res., 30, 161, 10.2307/2491200 Sengupta, 1998, Corporate disclosure quality and the cost of debt, Acc. Rev., 73, 459 Skinner, 1994, Why firms voluntarily disclose bad news, J. Acc. Res., 32, 38, 10.2307/2491386 Strong, 1992, Modelling abnormal returns: a review article, J. Bus. Finance Acc., 19, 533, 10.1111/j.1468-5957.1992.tb00643.x Sweeney, 1994, Debt-covenant violations and managers’ accounting responses, J. Acc. Econ., 17, 281, 10.1016/0165-4101(94)90030-2 Watts, 1986 Watts, 1990, Positive accounting theory: a ten year perspective, Acc. Rev., 131 Weil, 2006, Regulation by transparency: the effectiveness of government mandated disclosure policies, J. Pol. Anal. Manage., 25, 10.1002/pam.20160