Author
Michael E. Bradbury
Other affiliations: Unitec Institute of Technology, Victoria University of Wellington, University of Auckland ...read more
Bio: Michael E. Bradbury is an academic researcher from Massey University. The author has contributed to research in topics: Audit & International Financial Reporting Standards. The author has an hindex of 25, co-authored 114 publications receiving 3501 citations. Previous affiliations of Michael E. Bradbury include Unitec Institute of Technology & Victoria University of Wellington.
Papers published on a yearly basis
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01 Jan 2010
TL;DR: In this paper, the authors present a framework for business analysis and valuation using financial statement data. But they focus on the why and how of accounting, rather than the how and why of accounting.
Abstract: This text is divided into concise learning parts that cover both the why and how of accounting. The text introduces and develops a framework for business analysis and valuation using financial statement data.
468 citations
TL;DR: In this article, the authors provide evidence on the corporate use of derivative instruments from the 1994 audited financial statements of 116 firms and use the fair and contract values scaled by the market value of each firm to measure the extent of derivatives usage and generally in line with theoretical models of corporate risk management.
Abstract: Theory indicates that hedging can increase firm value by reducing expected taxes, expected costs of financial distress, and other agency costs. Prior research, based on survey data, has found only weak evidence consistent with theory. This study provides evidence on the corporate use of derivative instruments from the 1994 audited financial statements of 116 firms. We use the fair and contract values scaled by the market value of each firm to measure the extent of derivatives usage and generally in line with theoretical models of corporate risk management.
315 citations
TL;DR: In this article, the authors used an agency theory framework to analyze the incentives for the formation of audit committees and found that the number of directors on the board and intercorporate ownership were the more important determinants of audit committee formation.
295 citations
TL;DR: In this article, the authors examined the relation between board size and audit committee independence in the financial reporting process and found that audit committees are effective in reducing the level of income increasing abnormal working capital accruals.
Abstract: Prior research examines the relation between board characteristics and financial reporting violations relating to fraud and earnings overstatement. This paper examines the relation between governance (as measured by board and audit committee characteristics) and accounting quality (as measured by abnormal accruals) where there is no a priori reason to suspect systematic management of earnings. We find both board size and audit committee independence are related to higher quality accounting (i.e., lower abnormal working capital accruals). Furthermore, the relation between audit committee independence and higher quality accounting exists only when the abnormal accruals are income increasing. This suggests that audit committees are effective in the financial reporting process by reducing the level of income increasing abnormal accruals. The results also indicate that audit committees are effective only when they comprise independent directors.
282 citations
TL;DR: In this paper, the authors examined the relation between governance and accounting quality in a setting where there is no a priori reason to suspect systematic management of earnings and found that audit committees are effective in the financial reporting process by reducing the level of income increasing abnormal accruals.
Abstract: This paper examines the relation between governance (as measured by board and audit committee characteristics) and accounting quality (as measured by abnormal accruals) in a setting where there is no a priori reason to suspect systematic management of earnings. Using data from Singapore and Malaysia, we find both board size and audit committee independence are related to lower abnormal working capital accruals. Furthermore, the relation between audit committee independence and higher quality accounting exists only when the abnormal accruals are income increasing. This suggests that audit committees are effective in the financial reporting process by reducing the level of income increasing abnormal accruals. The results also indicate that audit committees are effective only when all members are independent directors.
200 citations
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01 May 1981
TL;DR: This chapter discusses Detecting Influential Observations and Outliers, a method for assessing Collinearity, and its applications in medicine and science.
Abstract: 1. Introduction and Overview. 2. Detecting Influential Observations and Outliers. 3. Detecting and Assessing Collinearity. 4. Applications and Remedies. 5. Research Issues and Directions for Extensions. Bibliography. Author Index. Subject Index.
4,948 citations
TL;DR: A review of tax research can be found in this article, which surveys four main areas of the literature: (1) the informational role of income tax expense reported for financial accounting, (2) corporate tax avoidance, (3) corporate decision-making including investment, capital structure, and organizational form, and (4) taxes and asset pricing.
1,436 citations
01 Jan 2012
TL;DR: The influence of institutional investors on myopic R＆D investment behavior was discussed by Bushee as discussed by the authors, who claimed that institutional investors had a profound influence on investment behavior.
Abstract: 机构投资者作为证券市场中的重要力量,越来越受到理论界和实务界的关注。论文对宾夕法尼亚大学沃顿商学院会计学教授布赖恩-布希（Brian Bushee）的论文＂The influence of institutional investors on myopic R＆D investment behavior＂（机构投资者对企业短视研发投资行为的影响,以下简称Bushee（1998））进行评价并提出相关的建议和研究方向。
1,246 citations
TL;DR: In this article, the authors test a theoretical framework relating four major corporate governance attributes with the extent of voluntary disclosure provided by listed firms in Hong Kong, including the proportion of independent directors to total number of directors on the board, the presence of a voluntary audit committee, the existence of a dominant personalities (CEO/Chairman duality), and the percentage of family members on the boards.
1,192 citations