메뉴 건너뛰기




Volumn 57, Issue 2-3, 2014, Pages 196-217

Why have measures of earnings quality changed over time?

Author keywords

Accounting standards; Core expenses; Earnings quality; Intangible capital; Knowledge industries

Indexed keywords


EID: 84899854342     PISSN: 01654101     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jacceco.2014.04.001     Document Type: Article
Times cited : (194)

References (56)
  • 1
    • 34547657620 scopus 로고    scopus 로고
    • Measuring trends in leisure: the allocation of time over five decades
    • Aguiar M., Hurst E. Measuring trends in leisure: the allocation of time over five decades. Quarterly Journal of Economics 2007, 122(3):969-1006.
    • (2007) Quarterly Journal of Economics , vol.122 , Issue.3 , pp. 969-1006
    • Aguiar, M.1    Hurst, E.2
  • 2
    • 18944370513 scopus 로고    scopus 로고
    • The effects of accelerated revenue recognition on earnings management and earnings informativeness: evidence from SEC staff accounting bulletin no. 101
    • Altamuro J., Beatty A.L., Weber J.P. The effects of accelerated revenue recognition on earnings management and earnings informativeness: evidence from SEC staff accounting bulletin no. 101. Accounting Review 2005, 40(2):373-401.
    • (2005) Accounting Review , vol.40 , Issue.2 , pp. 373-401
    • Altamuro, J.1    Beatty, A.L.2    Weber, J.P.3
  • 3
    • 38249011497 scopus 로고
    • Association between accounting performance measures and stock prices: a test of the life-cycle hypothesis
    • Anthony J., Ramesh K. Association between accounting performance measures and stock prices: a test of the life-cycle hypothesis. Journal of Accounting and Economics 1992, 15:203-227.
    • (1992) Journal of Accounting and Economics , vol.15 , pp. 203-227
    • Anthony, J.1    Ramesh, K.2
  • 4
    • 46049115873 scopus 로고    scopus 로고
    • Information services in the US economy: value, jobs, and management implications
    • Apte U.M., Karmarkar U.S., Nath H.K. Information services in the US economy: value, jobs, and management implications. California Management Review 2008, 50(3):12-30.
    • (2008) California Management Review , vol.50 , Issue.3 , pp. 12-30
    • Apte, U.M.1    Karmarkar, U.S.2    Nath, H.K.3
  • 5
    • 0031362920 scopus 로고    scopus 로고
    • Reducing buyer search costs: implications for electronic marketplaces
    • Bakos J.Y. Reducing buyer search costs: implications for electronic marketplaces. Management Science 1997, 43(2):1676-1692.
    • (1997) Management Science , vol.43 , Issue.2 , pp. 1676-1692
    • Bakos, J.Y.1
  • 8
    • 77954325768 scopus 로고    scopus 로고
    • Which performance measures do investors around the world value the most-and why?
    • Barton J., Hansen B., Pownall G. Which performance measures do investors around the world value the most-and why?. Accounting Review 2010, 85(3):753-789.
    • (2010) Accounting Review , vol.85 , Issue.3 , pp. 753-789
    • Barton, J.1    Hansen, B.2    Pownall, G.3
  • 10
    • 34247218482 scopus 로고    scopus 로고
    • Firm-specific risk and equity market development
    • Brown G., Kapadia N. Firm-specific risk and equity market development. Journal of Financial Economics 2007, 84:358-388.
    • (2007) Journal of Financial Economics , vol.84 , pp. 358-388
    • Brown, G.1    Kapadia, N.2
  • 11
    • 0002295267 scopus 로고    scopus 로고
    • Beyond computation: information technology, organizational transformation, and business performance
    • Brynjolfsson E., Hitt L. Beyond computation: information technology, organizational transformation, and business performance. Journal of Economic Perspectives 2000, 14(4):23-48.
    • (2000) Journal of Economic Perspectives , vol.14 , Issue.4 , pp. 23-48
    • Brynjolfsson, E.1    Hitt, L.2
  • 12
    • 0002519023 scopus 로고    scopus 로고
    • Have individual stocks become more volatile? An empirical exploration of idiosyncratic risk
    • Campbell J., Lettau M., Malkiel B., Xu Y. Have individual stocks become more volatile? An empirical exploration of idiosyncratic risk. Journal of Finance 2001, 56:1-43.
    • (2001) Journal of Finance , vol.56 , pp. 1-43
    • Campbell, J.1    Lettau, M.2    Malkiel, B.3    Xu, Y.4
  • 13
    • 78249273622 scopus 로고    scopus 로고
    • Life in the fast lane: origins of competitive interaction in new vs. established markets
    • Chen E., Katila R., McDonald R., Eisenhardt K. Life in the fast lane: origins of competitive interaction in new vs. established markets. Strategic Management Journal 2010, 31:1527-1547.
    • (2010) Strategic Management Journal , vol.31 , pp. 1527-1547
    • Chen, E.1    Katila, R.2    McDonald, R.3    Eisenhardt, K.4
  • 15
    • 0031498152 scopus 로고    scopus 로고
    • Changes in the value-relevance of earnings and book values over the past 40 years
    • Collins D., Maydew E., Weiss I. Changes in the value-relevance of earnings and book values over the past 40 years. Journal of Accounting and Economics 1997, 24(1):39-67.
    • (1997) Journal of Accounting and Economics , vol.24 , Issue.1 , pp. 39-67
    • Collins, D.1    Maydew, E.2    Weiss, I.3
  • 16
    • 77956130140 scopus 로고    scopus 로고
    • How do you measure a technological revolution?
    • Corrado C.A., Hulten C.R. How do you measure a technological revolution?. American Economic Review 2010, 100(2):99-104.
    • (2010) American Economic Review , vol.100 , Issue.2 , pp. 99-104
    • Corrado, C.A.1    Hulten, C.R.2
  • 17
    • 35348980309 scopus 로고    scopus 로고
    • The territorial dynamics of innovation: a Europe-United States comparative analysis
    • Crescenzi R., Rodríguez-Pose A., Storper M. The territorial dynamics of innovation: a Europe-United States comparative analysis. Journal of Economic Geography 2007, 6:673-709.
    • (2007) Journal of Economic Geography , vol.6 , pp. 673-709
    • Crescenzi, R.1    Rodríguez-Pose, A.2    Storper, M.3
  • 18
    • 77953887285 scopus 로고    scopus 로고
    • Understanding earnings quality: a review of the proxies, their determinants, and their consequences
    • Dechow P., Ge W., Schrand C. Understanding earnings quality: a review of the proxies, their determinants, and their consequences. Journal of Accounting and Economics 2010, 50(2-3):344-401.
    • (2010) Journal of Accounting and Economics , vol.50 , Issue.2-3 , pp. 344-401
    • Dechow, P.1    Ge, W.2    Schrand, C.3
  • 19
    • 59049095507 scopus 로고    scopus 로고
    • Matching and the changing properties of accounting earnings over last 40 years
    • Dichev I., Tang V. Matching and the changing properties of accounting earnings over last 40 years. Accounting Review 2008, 83(6):1425-1460.
    • (2008) Accounting Review , vol.83 , Issue.6 , pp. 1425-1460
    • Dichev, I.1    Tang, V.2
  • 20
  • 21
    • 79958176867 scopus 로고    scopus 로고
    • Changes over time in the revenue-expense relation: accounting or economics
    • Donelson D.C., Jennings R., McInnis J. Changes over time in the revenue-expense relation: accounting or economics. Accounting Review 2011, 86(3):945-974.
    • (2011) Accounting Review , vol.86 , Issue.3 , pp. 945-974
    • Donelson, D.C.1    Jennings, R.2    McInnis, J.3
  • 22
    • 0002778354 scopus 로고
    • Earnings as an explanatory variable for returns
    • Easton P.D., Harris T.S. Earnings as an explanatory variable for returns. Journal of Accounting Research 1991, 29(1):19-36.
    • (1991) Journal of Accounting Research , vol.29 , Issue.1 , pp. 19-36
    • Easton, P.D.1    Harris, T.S.2
  • 23
    • 0000942731 scopus 로고
    • Aggregate accounting earnings can explain most of security returns: the case of long return intervals
    • Easton P.D., Harris T.S., Ohlson J.A. Aggregate accounting earnings can explain most of security returns: the case of long return intervals. Journal of Accounting and Economics 1991, 15(2-3):119-142.
    • (1991) Journal of Accounting and Economics , vol.15 , Issue.2-3 , pp. 119-142
    • Easton, P.D.1    Harris, T.S.2    Ohlson, J.A.3
  • 24
    • 84880448567 scopus 로고    scopus 로고
    • Organization capital and the cross section of expected returns
    • Eisfeldt A.L., Papanikolaou D. Organization capital and the cross section of expected returns. Journal of Finance 2013, 68:1365-1406.
    • (2013) Journal of Finance , vol.68 , pp. 1365-1406
    • Eisfeldt, A.L.1    Papanikolaou, D.2
  • 25
    • 0000634023 scopus 로고    scopus 로고
    • Repeated accounting write-offs and the information content of earnings
    • Elliott J.A., Hanna J.D. Repeated accounting write-offs and the information content of earnings. Journal of Accounting Research 1996, 34(Suppl.):135-155.
    • (1996) Journal of Accounting Research , vol.34 , Issue.SUPPL. , pp. 135-155
    • Elliott, J.A.1    Hanna, J.D.2
  • 26
    • 0030305179 scopus 로고    scopus 로고
    • Accounting classification and the predictive content of earnings
    • Fairfield P., Sweeney R., Yohn T. Accounting classification and the predictive content of earnings. Accounting Review 1996, 71(3):337-355.
    • (1996) Accounting Review , vol.71 , Issue.3 , pp. 337-355
    • Fairfield, P.1    Sweeney, R.2    Yohn, T.3
  • 28
    • 3242803590 scopus 로고    scopus 로고
    • New lists: fundamentals and survival rates
    • Fama E.F., French K.R. New lists: fundamentals and survival rates. Journal of Financial Economics 2004, 73(2):229-269.
    • (2004) Journal of Financial Economics , vol.73 , Issue.2 , pp. 229-269
    • Fama, E.F.1    French, K.R.2
  • 30
    • 0033235098 scopus 로고    scopus 로고
    • Have financial statements lost their relevance?
    • Francis J., Schipper K. Have financial statements lost their relevance?. Journal of Accounting Research 1999, 37(2):319-352.
    • (1999) Journal of Accounting Research , vol.37 , Issue.2 , pp. 319-352
    • Francis, J.1    Schipper, K.2
  • 31
    • 0000868739 scopus 로고    scopus 로고
    • The changing time series properties of earnings, cash flows, and accruals: has financial reporting become more conservative?
    • Givoly D., Hayn C. The changing time series properties of earnings, cash flows, and accruals: has financial reporting become more conservative?. Journal of Accounting and Economics 2000, 29(3):287-320.
    • (2000) Journal of Accounting and Economics , vol.29 , Issue.3 , pp. 287-320
    • Givoly, D.1    Hayn, C.2
  • 32
    • 0001598271 scopus 로고
    • High profit strategies in mature capital goods industries: a contingency approach
    • Hambrick D.C. High profit strategies in mature capital goods industries: a contingency approach. Academy of Management Journal 1983, 26(4):687-707.
    • (1983) Academy of Management Journal , vol.26 , Issue.4 , pp. 687-707
    • Hambrick, D.C.1
  • 33
    • 73949086019 scopus 로고    scopus 로고
    • The joint effects of materiality thresholds and voluntary disclosure incentives on firms[U+05F3] disclosure decisions
    • Heitzman S.M., Wasley C., Zimmerman J. The joint effects of materiality thresholds and voluntary disclosure incentives on firms[U+05F3] disclosure decisions. Journal of Accounting and Economics 2010, 49:109-132.
    • (2010) Journal of Accounting and Economics , vol.49 , pp. 109-132
    • Heitzman, S.M.1    Wasley, C.2    Zimmerman, J.3
  • 34
    • 35248870116 scopus 로고    scopus 로고
    • The use of unsigned earnings quality measures in tests of earnings management
    • Hribar P., Nichols C. The use of unsigned earnings quality measures in tests of earnings management. Journal of Accounting Research 2007, 45:1017-1053.
    • (2007) Journal of Accounting Research , vol.45 , pp. 1017-1053
    • Hribar, P.1    Nichols, C.2
  • 35
    • 60449087902 scopus 로고    scopus 로고
    • Idiosyncratic return volatility, cash flows, and product market competition
    • Irvine P., Pontiff J. Idiosyncratic return volatility, cash flows, and product market competition. Review of Financial Studies 2005, 22:1149-1177.
    • (2005) Review of Financial Studies , vol.22 , pp. 1149-1177
    • Irvine, P.1    Pontiff, J.2
  • 36
    • 5444222313 scopus 로고    scopus 로고
    • Are nonfinancial measures leading indicators of financial performance? An analysis of customer satisfaction
    • Ittner C.D., Larcker D.F. Are nonfinancial measures leading indicators of financial performance? An analysis of customer satisfaction. Journal of Accounting Research 1998, 36:1-35.
    • (1998) Journal of Accounting Research , vol.36 , pp. 1-35
    • Ittner, C.D.1    Larcker, D.F.2
  • 37
    • 85017147644 scopus 로고    scopus 로고
    • The new Kaldor facts: ideas, institutions, population, and human capital
    • Jones C.I., Romer P.M. The new Kaldor facts: ideas, institutions, population, and human capital. American Economic Journal: Macroeconomics 2010, 2(1):224-245.
    • (2010) American Economic Journal: Macroeconomics , vol.2 , Issue.1 , pp. 224-245
    • Jones, C.I.1    Romer, P.M.2
  • 38
    • 84055191673 scopus 로고    scopus 로고
    • Comparing the value relevance, predictive value, and persistence of other comprehensive income and special items
    • Jones D.A., Smith K.J. Comparing the value relevance, predictive value, and persistence of other comprehensive income and special items. Accounting Review 2011, 86(6):2047-2073.
    • (2011) Accounting Review , vol.86 , Issue.6 , pp. 2047-2073
    • Jones, D.A.1    Smith, K.J.2
  • 41
    • 0038356110 scopus 로고    scopus 로고
    • Capitalization versus expensing: evidence on the uncertainty of future earnings from capital expenditures versus R&D outlays
    • Kothari S.P., Laguerre T., Leone A. Capitalization versus expensing: evidence on the uncertainty of future earnings from capital expenditures versus R&D outlays. Review of Accounting Studies 2002, 7:355-382.
    • (2002) Review of Accounting Studies , vol.7 , pp. 355-382
    • Kothari, S.P.1    Laguerre, T.2    Leone, A.3
  • 43
    • 0030079993 scopus 로고    scopus 로고
    • The capitalization, amortization, and value relevance of R&D
    • Lev B., Sougiannis T. The capitalization, amortization, and value relevance of R&D. Journal of Accounting and Economics 1996, 21:107-138.
    • (1996) Journal of Accounting and Economics , vol.21 , pp. 107-138
    • Lev, B.1    Sougiannis, T.2
  • 44
    • 0033235091 scopus 로고    scopus 로고
    • The boundaries of financial reporting and how to extend them
    • Lev B., Zarowin P. The boundaries of financial reporting and how to extend them. Journal of Accounting Research 1999, 37(2):353-385.
    • (1999) Journal of Accounting Research , vol.37 , Issue.2 , pp. 353-385
    • Lev, B.1    Zarowin, P.2
  • 45
    • 33745289444 scopus 로고    scopus 로고
    • Earnings management using classification shifting: an examination of core earnings and special items
    • McVay S.E. Earnings management using classification shifting: an examination of core earnings and special items. Accounting Review 2006, 81(3):501-531.
    • (2006) Accounting Review , vol.81 , Issue.3 , pp. 501-531
    • McVay, S.E.1
  • 47
    • 84936526527 scopus 로고
    • Increasing returns and long-run growth
    • Romer P. Increasing returns and long-run growth. Journal of Political Economy 1986, 94(5):1002-1037.
    • (1986) Journal of Political Economy , vol.94 , Issue.5 , pp. 1002-1037
    • Romer, P.1
  • 48
    • 34547128361 scopus 로고    scopus 로고
    • Asymmetric timeliness of earnings, market-to-book, and conservatism in financial reporting
    • Roychowdhury S., Watts R.L. Asymmetric timeliness of earnings, market-to-book, and conservatism in financial reporting. Journal of Accounting and Economics 2007, 44:2-31.
    • (2007) Journal of Accounting and Economics , vol.44 , pp. 2-31
    • Roychowdhury, S.1    Watts, R.L.2
  • 51
    • 47549090805 scopus 로고    scopus 로고
    • Accounting for intangibles-a critical review of policy recommendations
    • Skinner D.J. Accounting for intangibles-a critical review of policy recommendations. Accounting and Business Research 2008, 38(3):191-204.
    • (2008) Accounting and Business Research , vol.38 , Issue.3 , pp. 191-204
    • Skinner, D.J.1
  • 52
    • 2342505938 scopus 로고
    • The investment opportunity set and corporate financing, dividend, and compensation policies
    • Smith C., Watts R.L. The investment opportunity set and corporate financing, dividend, and compensation policies. Journal of Financial Economics 1992, 32(3):263-292.
    • (1992) Journal of Financial Economics , vol.32 , Issue.3 , pp. 263-292
    • Smith, C.1    Watts, R.L.2
  • 53
    • 2942583148 scopus 로고    scopus 로고
    • Converging technologies for enhancing human performance: science and business perspectives
    • New York Academy of Sciences, New York, M.C. Roco, C.D. Montemagno (Eds.)
    • Spohrer J.C., Engelbart D.C. Converging technologies for enhancing human performance: science and business perspectives. The Coevolution of Human Potential and Converging Technologies 2004, 50-82. New York Academy of Sciences, New York. M.C. Roco, C.D. Montemagno (Eds.).
    • (2004) The Coevolution of Human Potential and Converging Technologies , pp. 50-82
    • Spohrer, J.C.1    Engelbart, D.C.2
  • 54
    • 0742311560 scopus 로고    scopus 로고
    • Conservatism in accounting part one: explanations and implications
    • Watts R. Conservatism in accounting part one: explanations and implications. Accounting Horizons 2003, 17:207-221.
    • (2003) Accounting Horizons , vol.17 , pp. 207-221
    • Watts, R.1
  • 55
    • 0001098205 scopus 로고
    • Estimation of principal components and related models by iterative least squares
    • Academic Press, New York, P.R. Krishnaiah (Ed.)
    • Wold H. Estimation of principal components and related models by iterative least squares. Multivariate Analysis 1966, 391-420. Academic Press, New York. P.R. Krishnaiah (Ed.).
    • (1966) Multivariate Analysis , pp. 391-420
    • Wold, H.1
  • 56
    • 23844443450 scopus 로고    scopus 로고
    • Testing for trends in the terms of trade between primary commodities and manufactured goods
    • Zanias G.P. Testing for trends in the terms of trade between primary commodities and manufactured goods. Journal of Development Economics 2005, 78:49-59.
    • (2005) Journal of Development Economics , vol.78 , pp. 49-59
    • Zanias, G.P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.