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Selected Works

Financial reporting

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Full-Text Articles in Business

More Accounting Changes: Financial Reporting Through The Age Of Crisis And Globalization, Robert Bloom Oct 2017

More Accounting Changes: Financial Reporting Through The Age Of Crisis And Globalization, Robert Bloom

Robert Bloom

No abstract provided.

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Additional Evidence On The Impact Of The International Financial Reporting Standards On Earnings Quality: Evidence From Latin America, Mauricio A. Melgarejo Sep 2017

Additional Evidence On The Impact Of The International Financial Reporting Standards On Earnings Quality: Evidence From Latin America, Mauricio A. Melgarejo

Mauricio Melgarejo

The purpose of this paper is to explore whether the adoption of the International Financial Reporting Standards (IFRS) has an impact on the quality of earnings in Latin America. Studying a sample offirms from Argentina, Brazil, Chile, Mexico, and Peru, I find that management reports a lower level of discretionary accruals after the implementation of the IFRS. In addition, this study provides evidence that earnings are more persistent and stock prices are more associated with earning numbers after the application of IFRS. This paper provides evidence that earnings quality has increased after the adoption of IFRS in Latin America.

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Financial Regulation For A Better Society, Shyam Sunder Jun 2017

Financial Regulation For A Better Society, Shyam Sunder

Shyam Sunder

The benefits of top down financial reporting regulation over the past eight decades are less obvious than its failures to achieve the purported goals. Perhaps it is time to give a chance to an alternative approach of regulatory competition.

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Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder Jan 2017

Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder

Shyam Sunder

No abstract provided.

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Risk In Accounting, Shyam Sunder Dec 2016

Risk In Accounting, Shyam Sunder

Shyam Sunder

Risk and uncertainty are inherent in the environment and functions of accounting. Accounting reports, systems, norms, and rules help people decide, and also determine how they decide in such environment. Diverse normative theories and descriptions of coping with risk and uncertainty yield different implications for accounting. Chambers was an articulate, forceful, and celebrated proponent of market values, while Ijiri did the same for historical costs. Elements of accounting theory that diverge in their emphases on historical cost versus market values can be linked to the divergence in the theories of risk and decision making. This largely unrecognized link between the …

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Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder Nov 2016

Rethinking Financial Reporting: Standards, Norms And Institutions, Shyam Sunder

Shyam Sunder

No abstract provided.

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What Is Better Financial Reporting And How Do We Get There?, Shyam Sunder Sep 2016

What Is Better Financial Reporting And How Do We Get There?, Shyam Sunder

Shyam Sunder

No abstract provided.

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Better Financial Reporting, Shyam Sunder Aug 2016

Better Financial Reporting, Shyam Sunder

Shyam Sunder

No abstract provided.

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Social Norms, Risk And Financial Reporting, Shyam Sunder Jun 2016

Social Norms, Risk And Financial Reporting, Shyam Sunder

Shyam Sunder

No abstract provided.

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Better Financial Reporting: Meaning And Means, Shyam Sunder Jun 2016

Better Financial Reporting: Meaning And Means, Shyam Sunder

Shyam Sunder

No abstract provided.

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Norms, Organization, Risk In Financial Reporting, Shyam Sunder Oct 2015

Norms, Organization, Risk In Financial Reporting, Shyam Sunder

Shyam Sunder

No abstract provided.

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Better Financial Reporting: Meanings And Means, Shyam Sunder May 2015

Better Financial Reporting: Meanings And Means, Shyam Sunder

Shyam Sunder

No abstract provided.

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The Effect Of Regulation On Statement Disclosures In The 1915 Moody's Manuals, Jeffrey Archambault, Marie E. Archambault Jun 2014

The Effect Of Regulation On Statement Disclosures In The 1915 Moody's Manuals, Jeffrey Archambault, Marie E. Archambault

Marie E. Archambault

United States firms in the early 20th century were subject to public and private regulation. Forms of regulation included rate regulation and stock exchange listing requirements. These regulations created incentives to report income statement information. This study utilizes the 1915 Moody’s Analyses of Investments to test whether regulated firms in the United States reported more income statement information than unregulated firms. Rate regulation influenced utilities to report income statements more frequently than industrial companies. Stock market listing requirements also influenced the reporting of income statements. Therefore, the results indicate that both public and private regulations influenced financial reporting in the …

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Financial Reporting In 1920: The Case Of Industrial Companies, Jeffrey Archambault, Marie E. Archambault Jun 2014

Financial Reporting In 1920: The Case Of Industrial Companies, Jeffrey Archambault, Marie E. Archambault

Marie E. Archambault

This study uses the 1920 Moody’s Analysis of Industrial Investments to assess the extent of financial reporting by U.S. indus­trial companies. The reporting of an income statement and a balance sheet, as well as the amount of disclosure in both of these statements, is examined empirically to determine which economic factors influ­ence this reporting. The results show that corporate-governance, op­erating, and financing factors all significantly influence the reporting of financial statements and the extent of disclosure within those state­ments. However, the significant factors vary across the two financial statements and the two decisions considered (reporting a particular statement and the …

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How Can Financial Reporting Standards Resist Accounting-Motived Financial Engineering?, Shyam Sunder May 2014

How Can Financial Reporting Standards Resist Accounting-Motived Financial Engineering?, Shyam Sunder

Shyam Sunder

No abstract provided.

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Monopoly Versus Competition In Setting Accounting Standards, Shyam Sunder Dec 2013

Monopoly Versus Competition In Setting Accounting Standards, Shyam Sunder

Shyam Sunder

Risk and uncertainty are inherent in the environment and functions of accounting. Accounting reports, systems, norms, and rules help people decide, and also determine how they decide in such an environment. Diverse normative theories and descriptions of coping with risk and uncertainty yield different implications for accounting. Chambers was an articulate, forceful, and celebrated proponent of market values, while Ijiri did the same for historical costs. Elements of accounting theory that diverge in their emphases on historical cost versus market values can be linked to the divergence in the theories of risk and decision making. This largely unrecognized link between …

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Financial Reporting And Economic Development, Shyam Sunder Dec 2013

Financial Reporting And Economic Development, Shyam Sunder

Shyam Sunder

No abstract provided.

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Financial Reporting And Economic Development, Shyam Sunder Dec 2013

Financial Reporting And Economic Development, Shyam Sunder

Shyam Sunder

No abstract provided.

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Custom Fit Or Off-The-Shelf Standards: Dilemma Of Financial Reporting In Interactive World Economy, Shyam Sunder May 2013

Custom Fit Or Off-The-Shelf Standards: Dilemma Of Financial Reporting In Interactive World Economy, Shyam Sunder

Shyam Sunder

No abstract provided.

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Are Regulatory Mandate And Independence Necessary For Audit Quality?, Shyam Sunder, Karim Jamal Oct 2008

Are Regulatory Mandate And Independence Necessary For Audit Quality?, Shyam Sunder, Karim Jamal

Shyam Sunder

Two key assumptions underlying the regulation of U.S. financial reporting are the need to mandate the certification of financial statements, and to require that this certification be performed by independent auditors. Private incentives to demand (and supply) certification are thought to be insufficient, and independence is thought to be necessary for quality audit. In this study, we collect archival data on certification activity in the economy, and conduct a field experiment on an unregulated online market for certification of baseball cards to investigate the validity of these assumptions. Our results show that: (1) Private markets for certification services are ubiquitous …

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