Accounting measures and international pricing models: Justifying accounting homogeneity

Journal of Accounting and Public Policy

Volumn 27, Issue 4, 2008, Pages 339-354

  Gómez Biscarri, Javier ^a   López Espinosa, Germán ^b  

^a IESE BUSINESS SCHOOL   (Spain)

^b UNIVERSITY OF NAVARRA   (Spain)

Author keywords

Accounting homogeneity; ADRs; IASB; International versions of Fama French three factor model; US GAAP

Indexed keywords

EID: 47749143199     PISSN: 02784254     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jaccpubpol.2008.06.005     Document Type: Article

References (22)

1. Ball R., Kothari S.P., and Robin A. The effect of international institutional factors on properties of accounting earnings. Journal of Accounting and Economics 29 (2000) 1-51
2. Ball R., Robin A., and Wu J.S. Incentives versus standards: Properties of accounting in four East Asian countries. Journal of Accounting and Economics 36 (2003) 235-270
3. Barth M.E., Landsman W.R., and Lang M.H. International Accounting Standards and accounting quality. Journal of Accounting Research 46 (2008) 467-498
4. Beaver W.H., and Ryan S.G. Conditional and unconditional conservatism: Concepts and modeling. Review of Accounting Studies 10 2-3 (2005) 269-309
5. Cao Q., Leggio K.B., and Schniederjans M.J. A comparison between Fama and French's model and artificial neural networks in predicting the Chinese stock market. Computers and Operations Research 32 (2005) 2499-2512
6. Chan L., Hamao Y., and Lakonishok J. Fundamentals and stock returns in Japan. Journal of Finance 46 (1991) 1739-1789
7. Chui A.C.W., and Wei K.C.J. Book-to-market, firm size, and the turn-of-the-year effect: Evidence from Pacific-Basin emerging markets. Pacific-Basin Finance Journal 6 (1998) 275-293
8. Ding Y., Hope O.K., Jeanjean T., and Stolowy H. Differences between domestic accounting standards and IAS: Measurement, determinants and implications. Journal of Accounting and Public Policy 26 (2007) 1-38
9. Faff R. A simple test of the Fama and French model using daily data: Australian evidence. Applied Financial Economics 14 (2004) 83-92
10. Fama E., and French K. Common risk factors in the returns on stocks and bonds. Journal of Financial Economics 33 (1993) 3-56
11. Fama E., and French K. Value versus growth: The international evidence. Journal of Finance 53 (1998) 1975-1999
12. Gomez Biscarri, J., Lopez Espinosa, G., 2007. The influence of differences in accounting standards on empirical pricing models: An application to the Fama-French model. Working paper 13/07, School of Economics of the Universidad de Navarra.
13. Griffin J.M. Are the Fama and French factors global or country specific?. Review of Financial Studies 15 (2002) 783-803
14. Harris T.S., Lang M., and Möller P. The value relevance of German accounting measures: An empirical analysis. Journal of Accounting Research 32 (1994) 187-209
15. Kasanen E., Kinnunen J., and Niskanen J. Dividend-based earnings management: Empirical evidence from Finland. Journal of Accounting and Economics 22 (1996) 283-312
16. Lamb M., Nobes C.W., and Roberts A. International variations in the connections between tax and financial reporting. Accounting and Business Research 28 (1998) 173-188
17. Moerman, G.A., 2005, How domestic is the Fama-French three-factor model? An application to the Euro Area. Erasmus University Rotterdam Working Paper.
18. Ndubizu G.A., and Sanchez M.H. The valuation properties of earnings and book value prepared under US GAAP in Chile and IAS in Peru. Journal of Accounting and Public Policy 25 (2006) 140-170
19. Petkova R. Do the Fama-French factors proxy for innovations in predictive variables?. Journal of Finance 61 (2006) 581-612
20. Pope P.F., and Walker M. International differences in the timeliness, conservatism and classification of earnings. Journal of Accounting Research 37 Suppl. (1999) 53-87
21. Seckler G. Germany. In: Alexander D., and Archer S. (Eds). European Accounting Guide (2001), Harcourt Brace and Company, San Diego, CA 358-459
22. Vassalou M. News related to future GDP growth as a risk factor in equity returns. Journal of Financial Economics 68 (2003) 47-73