Introduction to Empirical Accounting Research

[1] Kothari (2001) [2] Beaver (1968) 2 of 9

[3] Dechow (1994)

[1] Ball and Brown (1968) [2] Beaver, Lambert, and Morse (1980) [3] Collins and Kothari (1989) [4] Hayn (1995)

[1] Dechow (2003) [2] Degeorge, Patel, and Zeckhauser (1999) [3] Jacob and Jorgensen (2007) [4] Beaver, McNichols, and Nelson (2007) [5] Dechow, Ge, and Schrand (2010)

[1] Dechow, Sloan, and Sweeney (1995) [2] Burgstahler and Dichev (1997) [3] Durtschi and Easton (2005) [4] Bhojraj, Hribar, Picconi, and McInnis (2009)

[1] Bernard and Thomas (1990)

[1] Bernard and Thomas (1989) [2] Sloan (1996)

[1] Stein (1989) [2] Terry (2022)

[1] Graham, Harvey, and Rajgopal (2005) [2] Cohn and Wardlaw (2016) 3 of 9

[3] Caskey and Ozel (2017)

[1] Patatoukas and Thomas (2011)

[1] Basu (1997) [2] Dietrich, Muller, and Riedl (2007) [3] Dyreng, Vashishtha, and Weber (2017)

[1] Dye (1985) [2] Jung and Kwon (1988) [3] Skinner (1997) [4] Bernard, Kaya, and Wertz (2021)

[1] Unravelling argument (Note) [2] Skinner (1994) [3] Aboody and Kasznik (2000) [4] Kothari, Shu, and Wysocki (2009)

[1] Acharya, DeMarzo, and Kremer (2011)

[1] Botosan (1997) [2] Johnson and So (2018) [3] deHaan, Shevlin, and Thornock (2015)

[1] Kanodia and Sapra (2016)

Seminar readings: [1] How Do Real Effects Occur (Note) [2] Jin and Leslie (2003) [3] Christensen, Floyd, Liu, and Maffett (2017) [4] Kraft, Vashishtha, and Venkatachalam (2018)

Valuation, Value Relevance

[1] Ohlson (1991) [2] Ohlson (1995) [3] Barth, Beaver, and Landsman (2001) [4] Holthausen and Watts (2001)

Seminar readings: [1] Frankel and Lee (1998) [2] Lee, Myers, and Swaminathan (1999)

[1] Bikhchandani, Hirshleifer, and Welch (1992) [2] Hirshleifer and Hong Teoh (2003)

Seminar readings: [1] Manski (1993) [2] De Giorgi, Pellizzari, and Redaelli (2010) [3] Leary and Roberts (2014)

[1] Beatty and Liao (2014) [2] Acharya and Ryan (2016)

Seminar readings: [1] Beatty and Liao (2011) [2] Barth, Gomez-Biscarri, Kasznik, and López-Espinosa (2017)

Aboody, D., Kasznik, R., 2000. CEO stock option awards and the timing of corporate voluntary dis- closures. Journal of Accounting and Economics

Acharya, V. V., DeMarzo, P., Kremer, I., 2011. Endogenous Information Flows and the Clustering of Announcements. American Economic Review 101, 2955–2979

Acharya, V. V., Ryan, S. G., 2016. Banks’ Financial Reporting and Financial System Stability. Journal of Accounting Research 54, 277–340

Ball, R., Brown, P., 1968. An Empirical Evaluation of Accounting Income Numbers. Journal of Ac- counting Research 6, 159

Barth, M. E., Beaver, W. H., Landsman, W. R., 2001. The relevance of the value relevance literature for financial accounting standard setting: another view$. Journal of Accounting and Economics 31, 77–104

Barth, M. E., Gomez-Biscarri, J., Kasznik, R., López-Espinosa, G., 2017. Bank earnings and regu- latory capital management using available for sale securities. Review of Accounting Studies 22, 1761–1792

Basu, S., 1997. The conservatism principle and the asymmetric timeliness of earnings1. Journal of Accounting and Economics 24, 3–37

Beatty, A., Liao, S., 2011. Do delays in expected loss recognition affect banks’ willingness to lend? Journal of Accounting and Economics 52, 1–20

Beatty, A., Liao, S., 2014. Financial accounting in the banking industry: A review of the empirical literature. Journal of Accounting and Economics 58, 339–383

Beaver, W., Lambert, R., Morse, D., 1980. The Information Content of Security Prices. Journal of Accounting and Economics 2, 3–28

Beaver, W. H., 1968. The Information Content of Annual Earnings Announcements. Journal of Ac- counting Research 6, 67–92

Beaver, W. H., McNichols, M. F., Nelson, K. K., 2007. An alternative interpretation of the discontinu- ity in earnings distributions. Review of Accounting Studies 12, 525–556

Bernard, D., Kaya, D., Wertz, J., 2021. Entry and capital structure mimicking in concentrated markets: The role of incumbents’ financial disclosures. Journal of Accounting and Economics 71,

Bernard, V. L., Thomas, J. K., 1990. Evidence that stock prices do not fully reflect the implications of current earnings for future earnings. Journal of Accounting and Economics 13, 305–340

Bhojraj, S., Hribar, P., Picconi, M., McInnis, J., 2009. Making Sense of Cents: An Examination of Firms That Marginally Miss or Beat Analyst Forecasts. The Journal of Finance 64, 2361–2388

Bikhchandani, S., Hirshleifer, D., Welch, I., 1992. A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades. Journal of Political Economy 100, 992–1026

Botosan, C., 1997. Disclosure Level and the Cost of Equity Capital. The Accounting Review 72, 323–

Burgstahler, D., Dichev, I., 1997. Earnings management to avoid earnings decreases and losses. Journalof Accounting and Economic 24, 99–126

Caskey, J., Ozel, N. B., 2017. Earnings expectations and employee safety. Journal of Accounting and Economics 63, 121–141

Christensen, H. B., Floyd, E., Liu, L. Y., Maffett, M., 2017. The real effects of mandated informa- tion on social responsibility in financial reports: Evidence from mine-safety records. Journal of Accounting and Economics 64, 284–304

Cohn, J. B., Wardlaw, M. I., 2016. Financing Constraints and Workplace Safety: Financing Con- straints and Workplace Safety. The Journal of Finance 71, 2017–2058

Collins, D. W., Kothari, S., 1989. An analysis of intertemporal and cross-sectional determinants of earnings response coefficients. Journal of Accounting and Economics 11, 143–181. De Giorgi, G., Pellizzari, M., Redaelli, S., 2010. Identification of Social Interactions through Partially Overlapping Peer Groups. American Economic Journal: Applied Economics 2, 241–275

Dechow, M., 1994. Accounting earnings and cash flows as measures of firm performance The role of accounting accruals. Journal of Accounting and Economics p. 40

Dechow, P., Ge, W., Schrand, C., 2010. Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics 50, 344–401

Dechow, P. M., 2003. Why Are Earnings Kinky? An Examination of the Earnings Management Explanation. Review of Accounting Studies 8, 355–384

Dechow, P. M., Sloan, R. G., Sweeney, A. P., 1995. Detecting Earnings Management. The Accounting Review 70, 193–225

Degeorge, F., Patel, J., Zeckhauser, R., 1999. Earnings Management to Exceed Thresholds. The Jour- nal of Business 72, 1–33. deHaan, E., Shevlin, T., Thornock, J., 2015. Market (in)attention and the strategic scheduling and timing of earnings announcements. Journal of Accounting and Economics 60, 36–55

Dietrich, J. R., Muller, K. A., Riedl, E. J., 2007. Asymmetric timeliness tests of accounting conser- vatism. Review of Accounting Studies 12, 95–124

Durtschi, C., Easton, P., 2005. Earnings Management? The Shapes of the Frequency Distributions of Earnings Metrics Are Not Evidence Ipso Facto. Journal of Accounting Research 43, 557–592

Dye, R. A., 1985. Disclosure of Nonproprietary Information. Journal of Accounting Research 23, 123

Dyreng, S. D., Vashishtha, R., Weber, J., 2017. Direct Evidence on the Informational Properties of Earnings in Loan Contracts: INFORMATIONAL PROPERTIES OF EARNINGS IN LOAN CON- TRACTS. Journal of Accounting Research 55, 371–406

Frankel, R., Lee, C. M., 1998. Accounting valuation, market expectation, and cross-sectional stock returns. Journal of Accounting and Economics 25, 283–319

Graham, J. R., Harvey, C. R., Rajgopal, S., 2005. The economic implications of corporate financial reporting. Journal of Accounting and Economics 40, 3–73

Hayn, C., 1995. The information content of losses. Journal of Accounting and Economics 20, 125–153

Hirshleifer, D., Hong Teoh, S., 2003. Herd Behaviour and Cascading in Capital Markets: a Review and Synthesis. European Financial Management 9, 25–66

Holthausen, R. W., Watts, R. L., 2001. The relevance of the value-relevance literature for financial accounting standard setting. Journal of Accounting and Economics 31, 3–75

Jacob, J., Jorgensen, B. N., 2007. Earnings management and accounting income aggregation. Journal of Accounting and Economics 43, 369–390

Johnson, T. L., So, E. C., 2018. Time Will Tell: Information in the Timing of Scheduled Earnings News. Journal of Financial and Quantitative Analysis 53, 2431–2464

Jung, W.-O., Kwon, Y. K., 1988. Disclosure When the Market Is Unsure of Information Endowment of Managers. Journal of Accounting Research 26, 146

Kanodia, C., Sapra, H., 2016. A Real Effects Perspective to Accounting Measurement and Disclosure: Implications and Insights for Future Research. Journal of Accounting Research 54, 623–676

Kinney, W. R., 2019. The Kinney Three Paragraphs (and More) for Accounting Ph.D. Students. Ac- counting Horizons 33, 1–14

Kothari, S. P., 2001. Capital markets research in accounting. Journal of Accounting and Economics

Kothari, S. P., Shu, S., Wysocki, P. D., 2009. Do Managers Withhold Bad News? Journal of Accounting Research 47, 241–276

Kraft, A. G., Vashishtha, R., Venkatachalam, M., 2018. Frequent Financial Reporting and Manage- rial Myopia. The Accounting Review 93, 249–275

Leary, M. T., Roberts, M. R., 2014. Do Peer Firms Affect Corporate Financial Policy? The Journal of Finance 69, 139–178

Lee, C. M. C., Myers, J., Swaminathan, B., 1999. What is the Intrinsic Value of the Dow? The Journal of Finance 54, 1693–1741

Manski, C. F., 1993. Identification of Endogenous Social Effects: The Reflection Problem. The Review of Economic Studies 60, 531–542

Ohlson, J. A., 1991. The theory of value and earnings, and an introduction to the Ball-Brown analy- sis*. Contemporary Accounting Research 8, 1–19

Ohlson, J. A., 1995. Earnings, Book Values, and Dividends in Equity Valuation*. Contemporary Accounting Research 11, 661–687

Patatoukas, P. N., Thomas, J. K., 2011. More Evidence of Bias in the Differential Timeliness Measure of Conditional Conservatism. The Accounting Review 86, 1765–1793

Skinner, D. J., 1994. Why Firms Voluntarily Disclose Bad News. Journal of Accounting Research 32,

Skinner, D. J., 1997. Earnings disclosures and stockholder lawsuits. Journal of Accounting and Eco- nomics 23, 249–282

Sloan, R., 1996. Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings? The Accounting Review 27, 14–16

Stein, J. C., 1989. Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behav- ior. The Quarterly Journal of Economics 104, 655

Terry, S. J., 2022. The Macro Impact of Short-Termism. SSRN Electronic Journal p. 59

[1] Kothari (2001) [2] Beaver (1968) [3] Dechow (1994)

[1] Ball and Brown (1968) [2] Beaver, Lambert, and Morse (1980) [3] Collins and Kothari (1989) [4] Hayn (1995)

[1] Dechow (2003) 2 of 9

[2] Degeorge, Patel, and Zeckhauser (1999) [3] Jacob and Jorgensen (2007) [4] Beaver, McNichols, and Nelson (2007) [5] Dechow, Ge, and Schrand (2010)

[1] Dechow, Sloan, and Sweeney (1995) [2] Burgstahler and Dichev (1997) [3] Durtschi and Easton (2005) [4] Bhojraj, Hribar, Picconi, and McInnis (2009)

[1] Bernard and Thomas (1990)

[1] Bernard and Thomas (1989) [2] Sloan (1996)

[1] Stein (1989) [2] Graham, Harvey, and Rajgopal (2005) [3] Terry (2022)

[1] Cohn and Wardlaw (2016) [2] Caskey and Ozel (2017)

[1] Patatoukas and Thomas (2011)

[1] Basu (1997) [2] Dietrich, Muller, and Riedl (2007) [3] Dyreng, Vashishtha, and Weber (2017)

[1] Dye (1985) [2] Jung and Kwon (1988) [3] Skinner (1997) [4] Bernard, Kaya, and Wertz (2021)

[1] Acharya, DeMarzo, and Kremer (2011)

[1] Kanodia and Sapra (2016)

Valuation, Value Relevance

[1] Ohlson (1991) [2] Ohlson (1995) [3] Barth, Beaver, and Landsman (2001) [4] Holthausen and Watts (2001)

[1] Frankel and Lee (1998) [2] Lee, Myers, and Swaminathan (1999)

[1] Bikhchandani, Hirshleifer, and Welch (1992) [2] Hirshleifer and Hong Teoh (2003)

[1] Manski (1993) [2] De Giorgi, Pellizzari, and Redaelli (2010) [3] Leary and Roberts (2014)

[1] Beatty and Liao (2014) [2] Acharya and Ryan (2016)

[1] Beatty and Liao (2011) [2] Barth, Gomez-Biscarri, Kasznik, and López-Espinosa (2017)

Aboody, D., Kasznik, R., 2000. CEO stock option awards and the timing of corporate voluntary disclosures. Journal of Accounting and Economics

Acharya, V. V., DeMarzo, P., Kremer, I., 2011. Endogenous Information Flows and the Clustering of Announcements. American Economic Review 101, 2955–2979

Acharya, V. V., Ryan, S. G., 2016. Banks’ Financial Reporting and Financial System Stability. Journal of Accounting Research 54, 277–340

Ball, R., Brown, P., 1968. An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research 6, 159

Barth, M. E., Beaver, W. H., Landsman, W. R., 2001. The relevance of the value relevance literature for financial accounting standard setting: another view$. Journal of Accounting and Economics 31, 77–104

Barth, M. E., Gomez-Biscarri, J., Kasznik, R., López-Espinosa, G., 2017. Bank earnings and regu- latory capital management using available for sale securities. Review of Accounting Studies 22, 1761–1792

Basu, S., 1997. The conservatism principle and the asymmetric timeliness of earnings1. Journal of Accounting and Economics 24, 3–37

Beatty, A., Liao, S., 2011. Do delays in expected loss recognition affect banks’ willingness to lend? Journal of Accounting and Economics 52, 1–20

Beatty, A., Liao, S., 2014. Financial accounting in the banking industry: A review of the empirical literature. Journal of Accounting and Economics 58, 339–383

Beaver, W., Lambert, R., Morse, D., 1980. The Information Content of Security Prices. Journal of Accounting and Economics 2, 3–28

Beaver, W. H., 1968. The Information Content of Annual Earnings Announcements. Journal of Accounting Research 6, 67–92

Beaver, W. H., McNichols, M. F., Nelson, K. K., 2007. An alternative interpretation of the disconti- nuity in earnings distributions. Review of Accounting Studies 12, 525–556

Bernard, D., Kaya, D., Wertz, J., 2021. Entry and capital structure mimicking in concentrated mar- kets: The role of incumbents’ financial disclosures. Journal of Accounting and Economics 71,

Bernard, V. L., Thomas, J. K., 1990. Evidence that stock prices do not fully reflect the implications of current earnings for future earnings. Journal of Accounting and Economics 13, 305–340

Bhojraj, S., Hribar, P., Picconi, M., McInnis, J., 2009. Making Sense of Cents: An Examination of Firms That Marginally Miss or Beat Analyst Forecasts. The Journal of Finance 64, 2361–2388

Bikhchandani, S., Hirshleifer, D., Welch, I., 1992. A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades. Journal of Political Economy 100, 992–1026

Botosan, C., 1997. Disclosure Level and the Cost of Equity Capital. The Accounting Review 72, 323–349

Burgstahler, D., Dichev, I., 1997. Earnings management to avoid earnings decreases and losses. Journalof Accounting and Economic 24, 99–126

Caskey, J., Ozel, N. B., 2017. Earnings expectations and employee safety. Journal of Accounting and Economics 63, 121–141

Christensen, H. B., Floyd, E., Liu, L. Y., Maffett, M., 2017. The real effects of mandated informa- tion on social responsibility in financial reports: Evidence from mine-safety records. Journal of Accounting and Economics 64, 284–304

Cohn, J. B., Wardlaw, M. I., 2016. Financing Constraints and Workplace Safety: Financing Con- straints and Workplace Safety. The Journal of Finance 71, 2017–2058

Collins, D. W., Kothari, S., 1989. An analysis of intertemporal and cross-sectional determinants of earnings response coefficients. Journal of Accounting and Economics 11, 143–181. De Giorgi, G., Pellizzari, M., Redaelli, S., 2010. Identification of Social Interactions through Partially Overlapping Peer Groups. American Economic Journal: Applied Economics 2, 241–275

Dechow, M., 1994. Accounting earnings and cash flows as measures of firm performance The role of accounting accruals. Journal of Accounting and Economics p. 40

Dechow, P., Ge, W., Schrand, C., 2010. Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics 50, 344–401

Dechow, P. M., 2003. Why Are Earnings Kinky? An Examination of the Earnings Management Explanation. Review of Accounting Studies 8, 355–384

Dechow, P. M., Sloan, R. G., Sweeney, A. P., 1995. Detecting Earnings Management. The Accounting Review 70, 193–225

Degeorge, F., Patel, J., Zeckhauser, R., 1999. Earnings Management to Exceed Thresholds. The Journal of Business 72, 1–33. deHaan, E., Shevlin, T., Thornock, J., 2015. Market (in)attention and the strategic scheduling and timing of earnings announcements. Journal of Accounting and Economics 60, 36–55

Dietrich, J. R., Muller, K. A., Riedl, E. J., 2007. Asymmetric timeliness tests of accounting conser- vatism. Review of Accounting Studies 12, 95–124

Durtschi, C., Easton, P., 2005. Earnings Management? The Shapes of the Frequency Distributions of Earnings Metrics Are Not Evidence Ipso Facto. Journal of Accounting Research 43, 557–592

Dye, R. A., 1985. Disclosure of Nonproprietary Information. Journal of Accounting Research 23,

Dyreng, S. D., Vashishtha, R., Weber, J., 2017. Direct Evidence on the Informational Properties of Earnings in Loan Contracts: INFORMATIONAL PROPERTIES OF EARNINGS IN LOAN CON- TRACTS. Journal of Accounting Research 55, 371–406

Frankel, R., Lee, C. M., 1998. Accounting valuation, market expectation, and cross-sectional stock returns. Journal of Accounting and Economics 25, 283–319

Graham, J. R., Harvey, C. R., Rajgopal, S., 2005. The economic implications of corporate financial reporting. Journal of Accounting and Economics 40, 3–73

Hayn, C., 1995. The information content of losses. Journal of Accounting and Economics 20, 125–

Hirshleifer, D., Hong Teoh, S., 2003. Herd Behaviour and Cascading in Capital Markets: a Review 7 of 9

Holthausen, R. W., Watts, R. L., 2001. The relevance of the value-relevance literature for financial accounting standard setting. Journal of Accounting and Economics 31, 3–75

Jacob, J., Jorgensen, B. N., 2007. Earnings management and accounting income aggregation. Jour- nal of Accounting and Economics 43, 369–390

Johnson, T. L., So, E. C., 2018. Time Will Tell: Information in the Timing of Scheduled Earnings News. Journal of Financial and Quantitative Analysis 53, 2431–2464

Jung, W.-O., Kwon, Y. K., 1988. Disclosure When the Market Is Unsure of Information Endowment of Managers. Journal of Accounting Research 26, 146

Kanodia, C., Sapra, H., 2016. A Real Effects Perspective to Accounting Measurement and Disclosure: Implications and Insights for Future Research. Journal of Accounting Research 54, 623–676

Kinney, W. R., 2019. The Kinney Three Paragraphs (and More) for Accounting Ph.D. Students. Accounting Horizons 33, 1–14

Kothari, S. P., 2001. Capital markets research in accounting. Journal of Accounting and Economics

Kothari, S. P., Shu, S., Wysocki, P. D., 2009. Do Managers Withhold Bad News? Journal of Account- ing Research 47, 241–276

Kraft, A. G., Vashishtha, R., Venkatachalam, M., 2018. Frequent Financial Reporting and Managerial Myopia. The Accounting Review 93, 249–275

Leary, M. T., Roberts, M. R., 2014. Do Peer Firms Affect Corporate Financial Policy? The Journal of Finance 69, 139–178

Lee, C. M. C., Myers, J., Swaminathan, B., 1999. What is the Intrinsic Value of the Dow? The Journal of Finance 54, 1693–1741

Manski, C. F., 1993. Identification of Endogenous Social Effects: The Reflection Problem. The Re- view of Economic Studies 60, 531–542

Ohlson, J. A., 1991. The theory of value and earnings, and an introduction to the Ball-Brown analysis*. Contemporary Accounting Research 8, 1–19

Ohlson, J. A., 1995. Earnings, Book Values, and Dividends in Equity Valuation*. Contemporary Accounting Research 11, 661–687

Patatoukas, P. N., Thomas, J. K., 2011. More Evidence of Bias in the Differential Timeliness Measure of Conditional Conservatism. The Accounting Review 86, 1765–1793

Raghunandan, A., Ruchti, T., 2021. Real Effects of Information Frictions Within Regulators: Evi- dence from Workplace Safety Violations. SSRN Electronic Journal

Skinner, D. J., 1994. Why Firms Voluntarily Disclose Bad News. Journal of Accounting Research 32,

Skinner, D. J., 1997. Earnings disclosures and stockholder lawsuits. Journal of Accounting and Economics 23, 249–282

Sloan, R., 1996. Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future

Stein, J. C., 1989. Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behav- ior. The Quarterly Journal of Economics 104, 655

Terry, S. J., 2022. The Macro Impact of Short-Termism. SSRN Electronic Journal p. 59