...Lawrence Kryzanowski; Ying Lu Purpose The purpose of this paper is to assess the market impact of announcements that publicly traded limited liability firms would convert to business income trusts, and to test the robustness of the tax motive as the primary determinant of any conversion...

... against big five accounting firms or their staff to investigate the levels of discretionary accruals made by the relevant clients during the period of investigation. Explains how the discretionary accruals are estimated over various time frames and shows that clients have more income decreasing accruals...

...Fouad AlNajjar; Ahmed Riahi‐Belkaoui Uses previous research on firms’ potential investment (i.e. growth) opportunities, profitability and political cost/risk to suggest that a high level of growth opportunities may encourage managers to use income reducing accruals. Tests this on 1987‐1990 data...

...Messod D. Beneish Compares three definitions of earnings management used by accounting researchers and three methods of estimating it: aggregate accruals, specific accruals and discontinuities in earnings distribution. Discusses evidence relating to the reasons for income‐increasing earnings...

... this to 1978‐1995 data for 143 countries, subdivided into four income groups, and compares the results with those from multiple discriminant, logit and probit analyses using jackknife procedures. Finds MHD more accurate overall and for most income groups except the lower‐middle income economies. Briefly...

... generally gives positive information about future earnings. Considers consistency with other research, the limitations of the study and avenues for further research. © MCB UP Limited 2001 Accounting research Capital expenditure Income USA Managerial Finance 48 The Near-Term Financial...

...” and considers its implications for income redistribution policies. Argues that the related theoretical problems result from the assumption of an asymmetrical value function and puts forward an alternative idea (an asymmetric but rotating value function) to resolve this and properly measure the welfare effects...