Journal of Accounting, Auditing & Finance 

About: Journal of Accounting, Auditing & Finance is an academic journal published by SAGE Publishing. The journal publishes majorly in the area(s): Earnings & Audit. It has an ISSN identifier of 0148-558X. Over the lifetime, 978 publications have been published receiving 29384 citations. The journal is also known as: Journal of accounting, auditing and finance & JAAF.

Corporate environmental disclosure strategies: Determinants, costs and benefits

Abstract: In response to investors' and other stakeholders' concerns about corporate environmental policies, many firms are voluntarily increasing their level of environmental disclosure since there is a scarcity of alternative information sources. Using a cost-benefit framework, this study intends to identify determinants of corporate environmental reporting by Canadian firms subject to water pollution compliance regulations during the 1986–1993 period. Results suggest that information costs and a firm's financial condition are key determinants of environmental disclosure. Firm size, the regulatory regime governing corporate disclosure, and industry, also contribute to explaining environmental disclosure.

Comparative Value Relevance Among German, U.S., and International Accounting Standards: A German Stock Market Perspective:

Abstract: In recent years, German companies have reported consolidated financial statements under German GAAP, U.S. GAAP, or International Accounting Standards (IAS). Market observers, researchers, and regulators have argued that financial statements prepared under the shareholder (or investor) model, such as U.S. GAAP or IAS, provide better information than financial statements prepared under the stakeholder model (German GAAP). They further have argued that U.S. GAAP is more rigorously defined and, therefore, provides information superior to that under IAS. We investigate comparative value relevance, measured as the slope coefficient of the returns/earnings regression. Within our sample of German companies traded on German stock exchanges, the value relevance of U.S. GAAP- and IAS-based earnings is higher than that of German GAAP-based earnings. Our result holds only for profit observations, suggesting that reporting regime does not have an influence on the quality of earnings in the case of loss firms. However, ...

An Empirical Investigation of the Extent of Corporate Financial Disclosure in the Oil and Gas Industry

Abstract: The principal research question addressed by the study was: Are there identifiable and measurable factors that are associated with the extent to which firms in the oil and gas industry disclose financial information?Extent of financial disclosure was measured by using a weighted index of disclosure items. The 10-K and annual reports of 125 oil and gas firms were examined in order to identify various financial disclosures provided by each firm. This set of disclosures was weighted by oil and gas financial analysts according to the importance of each disclosure in an investment decision. The items of information provided by an individual firm were then applied to the index. The dependent variable, extent of financial disclosure, was the ratio of a firm's total disclosure score to the firm's total possible disclosure.A stepwise regression model was used to determine which variables were “best” in explaining extent of financial disclosure. Of the ten independent variables entered, four were retained in the fi...

Earnings Momentum and Earnings Management

Abstract: This paper provides evidence on firms that report long “strings” of consecutive increases in earnings per share (EPS). First, we find 746 firms that report earnings strings of at least twenty quart...

The Effect of Beating and Missing Analysts' Forecasts on the Information Content of Unexpected Earnings:

Abstract: This study investigates whether the market rewards (penalizes) firms for meeting (not meeting) analysts' earnings forecasts. Specifically, we examine the market response to positive and negative fo...