... management. The authors also find that lenders do not alter their reliance on balance sheet ratios when faced with real earnings management. Originality/value This paper is the first to study how lenders alter their reliance on financial statements in making credit decisions in the presence of real...

... on financial statement ratios when faced with low accrual quality. Findings Consistent with prior literature, this study shows that the cost of debt is higher when accrual quality is low. In addition, this study extends prior literature by showing that lenders decrease their reliance on income statement...

... accounting-triggered restatements result in worse long-run abnormal performance. Originality/value This paper is the first paper that thoroughly investigates the long-run stock returns of the firms that restate financial statements by fully considering the size effect. Hongbok Lee can be contacted...

... (ABVOL _{i, t) using the same approach. Financial statements Financial markets Fails-to-deliver Naked short selling Accounting restatements Short selling has been extensively studied in the academic literature and has received unprecedented attention in regulatory}...

... Investments Decision making Stock markets Valuation Equities Financial statements Discounted cash flow Investment analysis Student managed investment funds Coyote Capital Management (CCM) is a student managed investment fund in the Beacom School of Business at The University of South Dakota...

... foreign investment. Tabulates the differences between the format, contents and types of financial statements and disclosures and financial ratios, before and after reform. Gives examples of some remaining problems, summarizes the key features of the new system and urges Chinese accountants and policy...

... the underlying data needed to compute value added, appears to be an improvement over the present US reporting system. In addition, the FASB s Statement of Financial Accounting Concepts No. 5 (1984) notes that supplementary financial statements can be useful for introducing and gaining experience with new kinds...

...C.J. van Staden Notes the lack of research on value added statements (VASs) from the users’ perspective and their increased publication by South African listed companies. Reports a survey of representatives of all financial statement user groups in South Africa to assess their use of VASs...

...Stewart Jones Outlines Australia’s adoption of the direct method of cash flow reporting and presents a survey of 83 loan officers and 76 financial analysts to assess its decision relevance compared with traditional financial statements for commercial loan and investment decisions. Finds both groups...