... for these ventures. But, they gradually understood the lower quality of accounting information and adjusted their expectations downward. Originality/value The author’s results show that optimistic expectations along with easy equity financing created a surge of new listings. My analysis of the interplay between...

... Accounting information Equity capital Boards of directors Corporate governance practices Book value of equity Accounting performance Market value of equity In response to several financial scandals starting with Enron, the US Congress enacted the Sarbanes‐Oxley Act (SOX) of 2002 to, among other...

... intensive firms substitute market‐based performance measures for accounting‐based performance measures, which may induce short termism in managerial decisions. This study is motivated by Camara (2001 , p. 1150) who states that: Performance appraisal Research and development Accounting information...

...Pamela S. Stuerke Purpose To examine whether both the value relevance of accounting information, and the quality of earnings affect financial analysts' revisions of forecast annual earnings per share soon after an earnings release. Design/methodology/approach For firms whose accounting...