The characteristics and valuation of loss reserves of property casualty insurers

Review of Accounting Studies

Volumn 3, Issue 1-2, 1998, Pages 73-95

  Beaver, William H ^a   Mcnichols, Maureen F ^a  

^a STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 54549127954     PISSN: 13806653     EISSN: None     Source Type: Journal    
DOI: 10.1023/a:1009676300318     Document Type: Article

References (21)

1. American Institute of Certified Public Accountants Special Committee on Financial Reporting. (1994). Improving Business Reporting - A Customer Focus: Meeting the Informational Needs of Investors and Creditors. New York: American Institute of Certified Public Accountants.
2. Anthony, J., and K. Petroni. (1997). "Accounting Estimation Disclosures and Firm Valuation in the Property-Casualty Insurance Industry." Journal of Accounting, Auditing and Finance, forthcoming.
3. Beaver, W. (1991). "Problems and Paradoxes in the Financial Reporting of Future Events." Accounting Horizons 5, 122-134.
4. Beaver, W., C. Eger, S. Ryan, and M. Wolfson. (1989). "Financial Reporting and the Structure of Bank Share Prices." Journal of Accounting Research 27, 157-178.
5. Beaver, W., and E. Engel. (1996). "Discretionary Behavior with Respect to Allowances for Loan Losses and the Behavior of Security Prices." Journal of Accounting and Economics 22, 177-206.
6. Bernard, V. L., and J. Thomas. (1990). "Evidence That Stock Prices Do Not Fully Reflect the Implications of Current Earnings for Future Earnings." Journal of Accounting and Economics 13, 305-340.
7. Feltham, G., and J. Ohlson. (1995). "Valuation and Clean Surplus Accounting for Operating and Financial Activities." Contemporary Accounting Research 11, 689-731.
8. Hayn, C. (1995). "The Information Content of Losses." Journal of Accounting and Economics 20, 125-153.
9. Judge, G., W. Griffiths, R. Hill, H. Lütkepohl, and T. Lee (1985). The Theory and Practice of Econometrics. New York: John Wiley and Sons.
10. Littell, R., G. Milliken, W. Stroup, and R. Wolfinger. (1996). SAS System for Mixed Models. Cary, North Carolina: SAS Institute.
11. McNichols, M., and G. P. Wilson. (1988). "Evidence of Earnings Management from the Provision for Bad Debts." Journal of Accounting Research Supplement 26, 1-31.
12. Nelson, K. (1998). "The Discretionary Use of Present Value-Based Measurements by Property-Casualty Insurers." Research Paper No. 1428, Graduate School of Business, Stanford University.
13. Ohlson, J. (1995). "Earnings, Book Values and Dividends in Security Valuation." Contemporary Accounting Research 11, 661-687.
14. Penalva, F. (1998). "Loss Reserves and Accounting Discretion in the Property-Casualty Insurance Industry." Working paper, Haas School of Business, University of California, Berkeley.
15. Petroni, K. (1990). "Regulatory Efficiency, Financial Distress and Managerial Accounting Discretion." Unpublished dissertation, University of Michigan, Ann Arbor, MI.
16. Petroni, K. (1992). "Optimistic Reporting in the Property-Casualty Insurance Industry." Journal of Accounting and Economics 15, 485-508.
17. Petroni, K., S. Ryan, and J. Wahlen. (1998). "The Risk- and Value-Relevance of Revisions of Accrual Estimates: Evidence from Property-Casualty Insurers' Loss Reserve Development Disclosures." Working paper, Michigan State University.
18. Scholes, M., P. Wilson, and M. Wolfson. (1990). "Tax Planning, Regulatory Capital Planning and Financial Reporting Strategy for Commercial Banks." The Review of Financial Studies 3, 625-650.
19. Sloan, R. (1996). "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?" The Accounting Review 71, 289-315.
20. Wahlen, J. (1994). "The Nature of Information in Commerical Bank Loan Loss Disclosures." The Accounting Review 69, 455-478.
21. Watts, R., and J. Zimmerman. (1986). Positive Accounting Theory. Englewood Cliffs: Prentice-Hall, Inc.