Journal ArticleDOI
Mean and variance of R2 in small and moderate samples
TLDR
In this paper, the authors derived and used easily computable expressions for the mean and variance of R2 in the standard linear regression model with fixed regressors, and showed that R2 is seriously biased upward in small samples; the 0 "adjusted" R2 does much better.About:
This article is published in Journal of Econometrics.The article was published on 1987-07-01. It has received 223 citations till now. The article focuses on the topics: Linear regression & Sample size determination.read more
Citations
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The effect of international institutional factors on properties of accounting earnings
TL;DR: In this paper, the authors characterize the ''shareholder'' and ''stakeholder'' corporate governance models of common and code law countries respectively as resolving information asymmetry by public disclosure and private communication.
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Incentives versus standards: properties of accounting income in four East Asian countries $
TL;DR: In this article, Hong Kong, Malaysia, Singapore and Thailand provide rare insight into the interaction between accounting standards and the incentives of managers and auditors, showing that their financial reporting quality is not higher than under code law, with quality operationalized as timely recognition of economic income.
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Variation partitioning of species data matrices: estimation and comparison of fractions
TL;DR: It is shown that variation partitioning as currently applied in canonical analysis is biased, and appropriate unbiased estimators are presented to consider so that comparisons between fractions or, eventually, between different canonical models are meaningful.
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International Accounting Standards and Accounting Quality
TL;DR: The authors examined whether application of International Accounting Standards (IAS) is associated with higher accounting quality and found that firms applying IAS from 21 countries generally evidence less earnings management, more timely loss recognition, and more value relevance of accounting amounts than do matched sample firms applying non-U.S. domestic standards.
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Capital markets research in accounting
TL;DR: This paper reviewed empirical research on the relation between capital markets and financial statements and found that the principal sources of demand for capital markets research in accounting are fundamental analysis and valuation, tests of market efficiency, and the role of accounting numbers in contracts and the political process.
References
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Journal ArticleDOI
The Selection of Variates for Use in Prediction with Some Comments on the General Problem of Nuisance Parameters
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The Influence of Rainfall on the Yield of Wheat at Rothamsted
TL;DR: In this article, the effects of weather on farm crop yields are investigated, and the relationship between the yields of farm crops and the previous weather which largely controls those yields is discussed.