Reliability of Asset Revaluations: The Impact of Appraiser IndependenceSpringer Science and Business Media LLC - Tập 7 - Trang 435-457 - 2002
Julie Cotter, Scott Richardson
In this paper we examine whether there are differences in the reliability of asset revaluations made by boards of directors versus independent (external) appraisers. We use a sample of recognized Australian asset revaluations. As a first step we examine the determinants of the choice between director-based revaluations and those undertaken by independent appraisers. We find that independent apprai...... hiện toàn bộ
EditorialSpringer Science and Business Media LLC - Tập 8 - Trang 143-143 - 2003
Relationship-Specific Investments and the Transfer Pricing ParadoxSpringer Science and Business Media LLC - Tập 4 - Trang 119-134 - 1999
Richard Sansing
The revised Treasury Regulations interpreting Internal Revenue Code Section 482 allow the use of profit-based transfer pricing methods, as well as the older methods based on prices from comparable transactions between independent parties. This paper compares the effects of price-based and profit-based transfer pricing methods on the allocation of taxable income in a model in which organization str...... hiện toàn bộ
Social connections between media and firm executives and the properties of media reportingSpringer Science and Business Media LLC - Tập 25 - Trang 963-1001 - 2020
Yi Ru, Jian Xue, Yuan Zhang, Xin Zhou
We study how social connections between top executives of media and listed firms affect the properties of media reporting. We find that socially connected media are significantly more likely to cover a firm than their unconnected counterparts. Their reporting is significantly more optimistically toned and contains significantly less information, and both of these effects are significantly mitigate...... hiện toàn bộ
Bridging the gap between stock price and bottom-line accounting numbersSpringer Science and Business Media LLC - - Trang 1-35 - 2022
Zihang Peng, Pengguo Wang, Demetris Christodoulou
We develop a method for extracting “other information” from the articulation between bottom-line accounting numbers and stock prices. We posit that “other information” captures future earnings growth originating from conservative accounting recognition principles as demonstrated by Penman and Zhang (2020) and Penman and Zhu (2022), as well as nonzero net present value investment opportunities. Our...... hiện toàn bộ
The Demand for Accounting Conservatism for Management ControlSpringer Science and Business Media LLC - Tập 6 - Trang 29-52 - 2001
Young K. Kwon, D. Paul Newman, Yoon S. Suh
We show that conservative financial reporting arises naturallyin principal-agent settings as a means of efficiently motivating agentswhen the penalties that can be imposed on agents are limited. Weconsider an accounting system whose reports are used for contracting andwhose parameters are controlled by the principal. One advantage of our model is that the information system we describe has the acc...... hiện toàn bộ
On the dynamics between local and international tax planning in multinational corporationsSpringer Science and Business Media LLC - - Trang 1-37 - 2022
Christof Beuselinck, Jochen Pierk
The international dimension of multinational corporations creates opportunities for pursuing both global as well as local (i.e., unilateral subsidiary country) tax planning strategies. To date, however, researchers have limited insights into both the dynamics and relative importance of one versus another strategy for multinationals. We propose and test a group-level ETR-based measure of profit shi...... hiện toàn bộ