Accounting - Research Publications

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Now showing 1 - 10 of 30
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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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    Budgeting practices and performance in small healthcare businesses
    King, R ; Clarkson, PM ; Wallace, S (ELSEVIER, 2010-03)
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    Leadership and control system design
    Abernethy, MA ; Bouwens, J ; van Lent, L (ELSEVIER, 2010-03)
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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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    Scale Effects in Capital Markets-Based Accounting Research
    Barth, ME ; Clinch, G (WILEY-BLACKWELL PUBLISHING, INC, 2009-04-01)
    Abstract:  Based on data simulated using a modified Ohlson (1995) valuation model, we investigate effects on inferences of five potential scale‐related effects: multiplicative and additive omitted scale factors, scale‐varying coefficients, survivorship, and heteroscedasticity. We find that diagnostics identified in prior research are not successful in detecting or distinguishing these scale effects. Thus, we investigate the effectiveness at mitigating scale effects of six specifications of regressions of equity market value on equity book value and earnings: undeflated, share‐deflated, equity book value‐deflated, lagged price‐deflated, returns, and equity market value‐deflated. For each specification, we compare frequency of correct rejection that the coefficients equal zero, coefficient bias and absolute error, and regression explanatory power. We find that share‐deflated and undeflated specifications generally perform the best, regardless of the type of scale effect.
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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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    The Value of Assurance on Voluntary Nonfinancial Disclosure: An Experimental Evaluation
    Coram, PJ ; Monroe, GS ; Woodliff, DR (AMER ACCOUNTING ASSOC, 2009-05)
    SUMMARY: This study examines whether assurance on the voluntary provision of nonfinancial performance indicators affects the stock price estimates of a group of sophisticated financial report users. We conducted an experiment where participants were provided with a case study containing excerpts from a hypothetical company's annual report. Nonfinancial performance and assurance were manipulated in a 2 (positive and negative nonfinancial performance indicators) ×2 (assurance and no assurance) +1 (control condition) between-subjects design. After reading the case materials, the participants indicated whether they believed the company's stock price would increase or decrease based on the information provided. As expected, we found that the nonfinancial performance indicators had a significant effect on stock price estimates. In addition, consistent with attribution theory, an assurance report on the voluntarily disclosed nonfinancial performance indicators only had a significant effect on stock price estimates when the nonfinancial performance indicators were positive, suggesting that the value of assurance is context-specific. Our research contributes to the discussion on the value of expanded assurance services and also on the value of enhanced corporate disclosure.
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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)