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Keywords: investments
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The Accounting Review (2023) 98 (3): 135–152.
Published: 01 May 2023
...Hui Chen; Li Yang ABSTRACT We examine the evolution of accounting regulation by linking disclosure policies and investments in a dynamic voting model. The disclosure policies are the outcome of voting by entrepreneurs, whose preferences are influenced by their investments. The investments...
Journal Articles
The Accounting Review (2020) 95 (2): 1–29.
Published: 01 March 2020
...Tim Baldenius; Beatrice Michaeli ABSTRACT We consider the optimal allocation of decision rights over noncontractible specific investments. Risk-averse business unit managers each engage in general (stand-alone) operations and invest in joint projects that benefit their own and other divisions...
Journal Articles
The Accounting Review (2019) 94 (2): 133–156.
Published: 01 March 2019
... by financially healthy firms, suggesting the likelihood of future covenant violations could impede borrowing by firms. We also find an increase in investment sensitivity to Q after SFAS 160 in firms close to violation, suggesting the additional debt was used to make legitimate investments. Because SFAS 160...
Journal Articles
The Accounting Review (2017) 92 (6): 247–276.
Published: 01 November 2017
...Lakshmanan Shivakumar; Oktay Urcan ABSTRACT We propose two explanations for the previously documented relation between aggregate earnings growth and future inflation: one based on firms changing their investment in response to earnings growth, and the other based on consumers varying...
Journal Articles