Discussion of "The implications of unverifiable fair-value accounting: Evidence from the political economy of goodwill accounting"

Journal of Accounting and Economics

Volumn 45, Issue 2-3, 2008, Pages 282-288

  Skinner, Douglas J ^a  

^a UNIVERSITY OF CHICAGO   (United States)

Author keywords

Accounting standards; Fair value; Lobbying

Indexed keywords

EID: 46049099206     PISSN: 01654101     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jacceco.2007.11.005     Document Type: Article

References (16)

1. Aboody D., Kasznik R., and Williams M. Purchase versus pooling in stock-for-stock acquisitions: why do firms care?. Journal of Accounting and Economics 29 (2000) 261-286
2. Andrade, G., 1999. Do appearances matter? The impact of EPS accretion and dilution on stock prices. Working Paper, Harvard Business School.
3. Ayers B.C., Lefanowicz C.E., and Robinson J.R. Do firms purchase the pooling method?. Review of Accounting Studies 7 (2002) 5-32
4. Beatty A., and Weber J. Accounting discretion in fair value estimates: an examination of SFAS 142 goodwill impairments. Journal of Accounting Research 44 (2006) 257-288
5. Beresford D.R. Commentary: how to succeed as a standard setter by trying really hard. Accounting Horizons 11 3 (1997) 79-90
6. Beresford D.R. Commentary: congress looks at accounting for business combinations. Accounting Horizons 15 1 (2001) 73-86
7. Dechow P.M., Hutton A.P., and Sloan R.G. Economic consequences of accounting for stock-based compensation. Journal of Accounting Research 34 Suppl. (1996) 1-20
8. Farber D.B., Johnson M.F., and Petroni K.R. Congressional intervention in the standard setting process: an analysis of the Stock Option Accounting Reform Act of 2004. Accounting Horizons 21 1 (2007) 1-22
9. Leftwich R. Evidence of the impact of mandatory changes in accounting principles on corporate loan agreements. Journal of Accounting and Economics 3 (1981) 3-36
10. Leftwich, R., 1995. The agenda of the Financial Accounting Standards Board. Working Paper, University of Chicago, Graduate School of Business, November.
11. Lys T., and Vincent L. An analysis of value destruction in AT&T's acquisition of NCR. Journal of Financial Economics 39 1/2 (1995) 353-378
12. Ramanna, K. The implications of unverifiable fair-value accounting: evidence from the political economy of goodwill accounting. Journal of Accounting and Economics, 2007, in press, doi:10.1016/j.jacceco.2007.11.006.
13. Watts R.L., and Zimmerman J.L. Towards a positive theory of the determinants of accounting standards. The Accounting Review 53 (1978) 112-134
14. Weber J.P. Shareholder wealth effects of pooling-of-interests accounting: evidence from the SEC's restriction on share repurchases following pooling transactions. Journal of Accounting and Economics 37 (2004) 39-57
15. Zeff S.A. The evolution of US GAAP: the political forces behind professional standards: Part I. The CPA Journal 75 1 (2005) 18-27
16. Zeff S.A. The evolution of US GAAP: the political forces behind professional standards: Part II. The CPA Journal 75 2 (2005) 18-29