disclosure dividend policy and earnings quality
encyclopedia of accounting (colin clubb)
... York: Garland Merino, B D., and Neimark, M D (1982) Disclosure regulation and public policy: A sociohistorical reappraisal Journal of Accounting and Public Policy, fall, 33–57 Miller, P., and Napier, ... to the strong and unrealistic assumptions that must be made concerning earnings dynamics and dividend policy Specifically, earnings are known to contain transitory elements; and earnings are expected ... treats accounting earnings as if they are ‘‘permanent.’’ Kothari (1992), Kothari and Sloan (1992), and others show that if earnings follow a random walk and are fully distributed as dividends, value...
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Mental Health Policy and Service Guidance Package: QUALITY IMPROVEMENT FOR MENTAL HEALTH potx
... and organizations of people with mental disorders and family members These organizations demand quality and excellence and monitor whether practice and implementation are of a high standard and ... developing standards and accreditation procedures, monitoring and continuous quality improvement For countries with policy and standards in place it provides guidance on the ways in which the quality ... Finland, Italy, the Netherlands, New Zealand, and Norway, as well as the Eli Lilly and Company Foundation and the Johnson and Johnson Corporate Social Responsibility, Europe vii “A focus on quality...
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a comparison of dividend cash flow and earnings approaches to equity valuation
... clean-surplus specifications of X and B and the free cash flow and accrual accounting specifications are special cases Easton, Harris and Ohlson (1992) show that the cum -dividend earnings (within the square ... portfolio ex post cum -dividend prices, dividends, free cash flows and GAAP cum -dividend earnings (available for common), for selected t+T, all in units of portfolio price at t Standard deviations ... income model using GAAP earnings and book values (RIM), and the capitalized GAAP cum -dividend earnings model (CM) These are calculated according to equations (1), (8), (9), and (11), respectively,...
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kowalewski et al - 2007 - corporate governance and dividend policy in poland [pcgi-tdi]
... 1.417 2.420 Dividends to cash flow Cash dividends to total earnings plus depreciation 0.053 Dividends to earnings Cash dividends to total earnings 0.096 0.673 Dividends to sales Cash dividends ... TDI- Disclosure TDI- Shareholder Transparency and Disclosure Index Board structure and procedures Disclosure Shareholders Panel B: Performance and Control Variables ROA Earnings before interest and ... influence dividend policy This study contributes to the literature both in dividend policy and in agency theory In dividend policy, we show that corporate governance is a significant determinant of dividend...
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chen et al - 2004 - audit partner tenure, audit firm tenure, and discretionary accruals does long auditor tenure impair earnings quality
... between audit partner tenure and earnings quality In this paper, we ask two questions: (1) does earnings quality decrease with audit partner tenure, and (2) does 22 earnings quality decrease with audit ... the association between audit firm tenure and earnings quality is not significant Understanding the relation between audit partner tenure and earnings quality is important for audit firms when ... audit quality Recent studies investigating the relation between audit firm tenure and earnings/ audit quality use discretionary accruals as a proxy for earnings/ audit quality (JKR; MMO; Ghosh and...
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chen et al - 2005 - audit quality and earnings management for taiwan ipo firms
... management and investors (Leland and Pyle, 1977), and between informed and uninformed investors (e.g Rock, 1986; Beatty and Ritter, 1986), and such information asymmetry is a necessary condition for earnings ... between audit quality and earnings management in the fiscal year of IPO exists in Taiwan Audit quality has become a concern after scandals such as Enron, WorldCom, and Ahold, etc These scandals raised ... auditor reputation and unexpected accruals are discussed in section IV Section V is the summary and conclusion II Earnings management, audit quality and IPOs Earnings management and initial public...
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chi et al - 2010 - the effects of auditors’ pre-client and client-specific experience on earnings quality and perceptions of earnings quality in taiwan
... audit quality should improve earnings quality, we discuss earnings quality or ‘perceptions of earning quality rather than ‘audit /earnings quality or ‘perceptions of audit /earnings quality ... perceptions of earnings quality We find that our various measures of pre-client and client-specific experience enhance earnings quality and perceptions of earnings quality for both private and public ... pre-client and client-specific experience on earnings quality and perceptions of earnings quality for both private and public companies in Taiwan.16 Taiwanese Company Law and Securities and Exchange...
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chi et al - 2011 - the effects of audit partner pre-client and client-specific experience on earnings quality and on perceptions of audit quality
... Pre-Client and Client-Specific Experience on Earnings Quality and on Perceptions of Audit Quality SUMMARY: We examine the effects of auditors‘ pre-client and client-specific experience on earnings quality ... influenced by taxation, dividend policy, and other company policies These differences imply a lower demand for financial statement quality (and hence, lower earnings quality) for private companies ... complacency over time and, thus, to a reduction in audit quality and earnings quality, and around counter-arguments made by opponents of mandatory audit firm rotation—that mandatory rotation imposes...
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![hamilton et al - 2005 - audit partner rotation, earnings quality and earnings conservatism [mapr]](https://media.store123doc.com/images/document/2015_01/06/small_fhi1420548133.jpg)
hamilton et al - 2005 - audit partner rotation, earnings quality and earnings conservatism [mapr]
... Audit Partner Rotation, Earnings Quality and Earnings Conservatism Abstract We provide evidence of an association between audit partner rotation and the quality of earnings It is a requirement ... litigation and earnings restatements Deis and Giroux (1992) review audit quality letters produced by a public audit agency and conclude that audit quality declines as tenure increases However, Geiger and ... other studies of the link between audit quality and the quality of earnings, we use a measure of unexpected accruals as an initial proxy for earnings quality Given that most, if not all the arguments...
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![chung - 2004 - selective mandatory auditor rotation and audit quality - an empirical investigation of auditor designation policy in korea [mar]](https://media.store123doc.com/images/document/2015_01/06/small_bpj1420548143.jpg)
chung - 2004 - selective mandatory auditor rotation and audit quality - an empirical investigation of auditor designation policy in korea [mar]
... This study investigates the impact of mandated auditor changes on earnings, and thus audit, quality by focusing on one element o f earnings quality preceding and following the Korean government’s ... Accounting and Economics 18: 3-42 , R Sloan, and A Sweeney 1995 Detecting earnings management The Accounting Review 70 (2): 193-225 _ ; _, and I D Dichev 2002 The quality of accruals and earnings: ... R.M., M.F Johnson, and K.K Nelson 2002 Auditor independence and earnings quality The Accounting Review 77 (Supplement): 71-105 Geiger, M.A., and K Raghunandan 2002 Auditor tenure and audit reporting...
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lee et al - 2006 - auditor conservatism and audit quality - evidence from ipo earnings forecasts
... audit quality on earnings forecast accuracy and bias, we regress measures of forecast error on our proxy for audit quality (i.e., a Big dummy variable), a measure of underwriter quality and three ... possible that earnings management occurs in response to the prior disclosure of an earnings target The incentives for such earnings management and their role in determining the extent of earnings ... audit quality and forecast accuracy H2: There is no association between audit quality and forecast bias DATA 3.1 Sample Our sample begins with all Australian industrial IPOs between 1991 and 1998...
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myers et al - 2003 - exploring the term of the auditor-client relationship and the quality of earnings a case for mandatory auditor rotation
... services and earnings quality The Accounting Review 77 (Supplement): 71–105 The Accounting Review, July 2003 798 Myers, Myers, and Omer Geiger, M., and K Raghunandan 2002 Auditor tenure and audit quality ... whether mandatory auditor rotation would improve earnings quality, we provide evidence inconsistent with the claim that earnings quality For a more thorough discussion of audit quality and auditor ... auditor tenure does not lead to reduced audit and earnings quality If deteriorating earnings and/ or audit quality are the motivation for calls for mandatory rotation, then our results not support...
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![kowalewski et al - 2007 - corporate governance and dividend policy in poland [pcgi-tdi]](https://media.store123doc.com/images/document/2015_01/06/small_yva1420548426.jpg)
kowalewski et al - 2007 - corporate governance and dividend policy in poland [pcgi-tdi]
... 1.417 2.420 Dividends to cash flow Cash dividends to total earnings plus depreciation 0.053 Dividends to earnings Cash dividends to total earnings 0.096 0.673 Dividends to sales Cash dividends ... TDI- Disclosure TDI- Shareholder Transparency and Disclosure Index Board structure and procedures Disclosure Shareholders Panel B: Performance and Control Variables ROA Earnings before interest and ... influence dividend policy This study contributes to the literature both in dividend policy and in agency theory In dividend policy, we show that corporate governance is a significant determinant of dividend...
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vafeas - 2005 - audit committees, boards, and the quality of reported earnings
... quality Higher earnings quality Higher earnings quality Higher earnings quality Lower earnings quality Higher earnings quality Lower earnings quality Lower earnings quality Lower earnings quality Undetermined ... Lower earnings quality Undetermined Higher earnings quality Higher earnings quality Higher earnings quality Lower earnings quality Higher earnings quality Undetermined Higher earnings quality ... studies by relying on small earnings increases and negative earnings surprises to measure earnings quality Given that earnings quality has been an elusive concept to pin down, and that no single measure...
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tendeloo et al - 2008 - earnings management and audit quality in europe
... S and Wilson, W (2006) Earnings management and cross listing: are reconciled earnings comparable to US earnings? , Journal of Accounting and Economics, 42(1/2), pp 255 –283 Leuz, C., Nanda, D and ... reporting and tax rules are highly aligned (Belgium, Finland, France and Spain16) and zero otherwise (the Netherlands and the UK) To examine whether tax alignment has an influence on audit quality, ... reporting and tax rules are highly aligned (Belgium, Finland, France and Spain) and zero otherwise (the Netherlands and the UK) LEGAL is the mean of three variables which measures the quality of...
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lin and hwang - 2010 - audit quality, corporate governance, and earnings management
... governance and audit quality attributes on earnings management For each attribute, we discuss its nature and hypothesized effect on earnings management (earnings quality or lack thereof), and the ... scandals ‘Audit quality differences result in variation in credibility offered by the auditors, and in the earnings quality of their audit clients Because auditor quality is multidimensional and ... ‘Corporate disclosure quality, earnings smoothing, and earnings timeliness’, Journal of Business Research, Vol 56, pp 1043–50 Shen, C & Chih, H (2005), ‘Investor protection, prospect theory, and earnings...
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Chapter 17 dividends and dividend policy
... Concepts and Skills • Understand dividend types and how they are paid • Understand the issues surrounding dividend policy decisions • Understand the difference between cash and stock dividends ... Understand why share repurchases are an alternative to dividends 17-2 Chapter Outline • Cash Dividends and Dividend Payment • Does Dividend Policy Matter? • Real-World Factors Favoring a Low Dividend ... Matter? • Dividends matter – the value of the stock is based on the present value of expected future dividends • Dividend policy may not matter – Dividend policy is the decision to pay dividends...
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Cash flow volatility and dividend policy
... excess dividend and total dividend panel regression models, which are based on the model from Bradley, Capozza and Seguin (1998) and the concept of excess dividend equation proposed by in Lu and ... dividend policy REIT industry is considered as a good testing ground for the dividend policy, which can contribute5 to further understandings about different factors related to the dividend policy ... excess dividend and total dividend panel regression models, which are based on the model from Bradley, Capozza and Seguin (1998) and the concept of excess dividend equation proposed by in Lu and...
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Relationship between ownership concentration and dividend policy evidence from listed companies in HOSE
... concentration and dividend policy (β1≠0) Dividend policy affects directly on investors’ interest and by voting right, shareholders could effort managers and decide the dividend policy Therefore, ... between dividend and capital gain Numerous studies were conducted and had the same result of no relevant outcomes of dividend and stock prices In 1959, Gordon collected price, dividend and earnings ... used to evaluated dividend policy are dividend pay-out (PAYOUT) and dividend yield (DIVEQTY) PAYOUT is the total dividend payments to operating income and DIVEQTY is measure by dividends to book...
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World Bank Lending and the Quality of Economic Policy
... conclusion include Bird and Rowlands (2001), Butkiewicz and Yanikkaya (2005), Easterly (2005) and Agostino (2008) Bird and Rowlands (2001) investigate whether World Bank policy lending serves as ... economic policy reform does not significantly affect policy quality for good or ill in the areas of public sector governance, and human development, social policy, and environmental policy Our ... Lending and the Quality of Economic Policy Lodewijk Smetsa,b,∗, Stephen Knackc b a Institute of Development Policy and Management, University of Antwerp, Belgium LICOS Centre for Institutions and...
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