Prior evidence that higher-quality financial reporting improves capital investment efficiency
leaves unaddressed whether it reduces over- or under-investment. This study provides …

… Carlsson and colleagues (1967, 1968a,1968b) performed several studies on the physiological
effects of medication on patients receiving chlorpromazine (1.5±3.6 g/day). … g ni ne dra g …

This study examines how accounting quality relates to firm‐level capital investment efficiency.
Our first hypothesis is that higher quality accounting enhances investment efficiency by …

This study tests assertions that Economic Value Added (EVA ® ) is more highly associated
with stock returns and firm values than accrual earnings, and evaluates which components of …

… To assess relative information content, this study introduces a statistical test (Siegel and
Biddle 1994) designed specifically for this application. It applies to both returns and valuation …

Auditors are faced with the task of formulating opinions about the fairness of their clients'
financial statements. In doing so, they use their professional judgment to determine the type and …

EVA has attracted considerable attention as an alternative to traditional accounting earnings
for use in both valuation and incentive compensation. With a host of consultants now …

With the International Accounting Standards Board (IASB) now considering the question, we
examine 16 different definitions of income across three applications: information content, …

In the course of an audit engagement, audit practitioners must make numerous judgments
and express an opinion on the basis of information and test results that are never perfectly …

For a large sample of US listed firms, we find that unconditional and conditional accounting
conservatism help lower bankruptcy risk. We further find that the mitigating effect of …