Accounting - Research Publications

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End date: 2008 × Start date: 2005 × Subject: Auditing and Accountability ×

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    Qualitative management accounting research: rationale, pitfalls and potential A comment on Vaivio (2008)
    Lillis, A (EMERALD GROUP PUBLISHING LTD, 2008)
    Purpose This paper's purpose is to provide a commentary on “Qualitative management accounting research: rationale, pitfalls and potential,” a paper by Juhani Vaivio. Design/methodology/approach The approach is to draw on alternative research paradigms to expand the definition and discussion of qualitative research in management accounting. Findings The paper endorses many of the prescriptions in Vaivio but expands the definition and discussion of qualitative research in management accounting to recognize the blurred boundaries with field research more generally, and to be more inclusive of qualitative field research from a positivist/functionalist perspective. Similarly, the need for qualitative research to challenge textbook, economics and consulting representations of management accounting is acknowledged, but the range of catalysts is expanded to highlight the potential for qualitative research building on both qualitative and quantitative extant research. This paper also seeks to broaden the discussion of legitimate study design characteristics and data collection methods, and to stress the importance of matching research design with research question. Originality/value The paper stresses the value of pluralism and inclusiveness in both methodological and method choices.
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    A multi-method approach to building causal performance maps from expert knowledge
    Abernethy, MA ; Horne, M ; Lillis, AM ; Malina, MA ; Selto, FH (Elsevier BV, 2005-06-01)
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    Seasonality in fund performance: An examination of the portfolio holdings and trades of investment managers
    Gallagher, DR ; Pinnuck, M (WILEY, 2006-09-01)
    Abstract:  This study examines the extent to which seasonal variation arises across calendar months in the performance of active Australian equity managers. While it is well documented that there is seasonality in equity market returns, it is unknown whether calendar month variation in managed fund performance exists. Employing a unique database of monthly stock holdings, we find evidence consistent with systematic variation in the risk‐adjusted performance of active investment managers over the calendar year. Specifically, we find fund performance is higher in the months when corporate earnings are announced. We also document that the performance of fund managers is lower in the months preceding the tax year‐end. Finally, we report evidence that investment manager performance is greater than normal in December, possibly due to both window dressing and the Christmas holiday effect. These findings have important implications for investors attempting to exploit anomalies in fund returns by timing their entry and exit points from active equity funds.
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    Doing Quantitative Field Research in Management Accounting
    Anderson, SW ; Widener, SK ; Chapman, C ; Hopwood, A ; Shields, M (Elsevier, 2006-12-01)
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    Accounting and Control in Health Care: Behavioural, Organisational, Sociological and Critical Perspectives
    Abernethy, MA ; Chua, WF ; Grafton, J ; Mahama, H ; Chapman, CS ; Hopwood, AG ; Shields, MD (ELSEVIER SCIENCE BV, 2007)
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    Profits versus Losses: Does Reporting an Accounting Loss Act as a Heuristic Trigger to Exercise the Abandonment Option and Divest Employees?
    PINNUCK, M ; LILLIS, A (American Accounting Association, 2007)
    The binary classification of firms into profits or losses represents a powerful heuristic. The literature that has examined the impact on the firm of this earnings heuristic has focused on the earnings management actions of small profit firms. The impact of this earnings heuristic on the actions of firms reporting accounting losses and the decision-making effects the heuristic may have other than earnings management have not been examined. In this study we hypothesize that reporting an accounting loss acts as a heuristic trigger for firms to exercise the abandonment option and discard unproductive investments. The results are consistent with the hypothesis. We find that there is a sharp and economically significant discontinuity around zero in the level of investment in labor between small profit and small loss firms. The discontinuity is due to loss firms having a lower-than-expected level of investment in labor, given their economic fundamentals. Further tests show that this discontinuity is due to the exercise of the abandonment option. We find that firms switching from a profit to a loss cut labor to a greater extent than other firms with similar changes in earnings that do not pass the loss threshold. Taken together the results are consistent with the accounting loss heuristic acting as a major disciplinary or incentive altering event that resolves agency problems.
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