世界十大高楼（5） 

 (4) Earnings Management Research (Accruals Studies)

Healy, P. M., and J. M. Wahlen, 1998, "A Review of the Earnings Management Literature and Its Implications for Standard Setting, " Manuscript prepared for 1998 AAA/FASB Conference, Harvard Business School and Indiana University, November.

DeAngelo, H., L. DeAngelo and D. Skinner, "Accounting Choice in Troubled Companies," Journal of Accounting and Economics 17 (1994): 113-143.

DeFond, M., and K. R. Subramanyam, "Auditor changes and discretionary accruals," Journal of Accounting and Economics 25 (1998): 35-67.

Erickson, M. and S. Wang, "Earnings Management by Acquiring Firms in Stock for Stock Mergers, " Journal of Accounting and Economics forthcoming, 1999.

Burgstahler, D., and I. Dichev, "Earnings Management to Avoid Earnings Decreases and Losses, " Journal of Accounting and Economics 24 (1997): 99-126.

Dechow, Patricia M., Richard G. Sloan and Amy P. Sweeney, "Detecting Earnings Management," The Accounting Review 70 (1995): 193-225.

Guay, W. R., S. P. Kothari, and R. L. Watts. "A market-based evaluation of discretionary-accruals proxies, " Journal of Accounting Research 34 (Supplement 1996): 83-105.

Subramanyam, K. R., "The pricing of discretionary accruals, " Journal of Accounting & Economics 22 (1996): 249-281.

Bernard, V. L. and D. J. Skinner. "What Motivates Managers' Choice of Discretionary Accruals? " Journal of Accounting & Economics 22 (1996): 313-325.

DeFond, M. L., and C. W. Park, "Smoothing income in anticipation of future earnings, " Journal of Accounting & Economics 23 (1997): 115-139.

Burgstahler, David, and Ilia Dichev, "Earnings Management to Avoid Earnings Decreases and Losses, " Journal of Accounting and Economics 24 (December 1997): 99-126.

Degeorge, Francois, Jayendu Patel, and Richard Zeckhauser, "Earnings Management to Exceed Thresholds, " Journal of Business 72 (1999): 1-33.

Healy, Paul M., "The effect of bonus schemes on accounting decisions, " Journal of Accounting and Economics 7: (1985): 85-107.

Healy, Paul M., and James M. Wahlen, "A Review of the Earnings Management Literature and its implications for Standard Setting, " Working paper, Harvard Business School, 1999.

Kaplan, R. S., "Comments on Paul Healy: Evidence on the effect of bonus schemes on accounting procedures and accrual decisions, " Journal of Accounting and Economics 7: (1985): 109-113.

Schipper, Katherine, "Commentary on earnings management, " Accounting Horizons 3 (1989): 91-102.

McNichols, M., and G. P. Wilson, "Evidence of earnings management from the provisions for bad debts, " Journal of Accounting Research 26 (Supplement 1988): 1-31.

Beatty, Anne. Sandra L. Chamberlain, Joseph Magliolo, "Managing financial reports of commercial banks: The influence of taxes, regulatory capital, and earnings," Journal of Accounting Research (Autumn 1995): 231-261.

DeAngelo, Linda, "Managerial competition, information costs, and corporate governance: The use of accounting performance measures in proxy contests," Journal of Accounting and Economics 10 (1988): 3-36.

Dechow, Patricia M., Richard G. Sloan and Amy P. Sweeney, "Detecting Earnings Management," The Accounting Review 70 (April 1995): 193-225.

Dechow, Patricia M., Sabino, Jowell, and Richard G. Sloan, "Implications of Non-Discretionary Accruals for Earnings Management and Market-Based Research," Unpublished paper, University of Pennsylvania, September 1996.

Dechow, Patricia M., and Richard G. Sloan, "Executive Incentives and the Horizon Problem: An Empirical Investigation," Journal of Accounting and Economics 14 (March 1991): 51-89.

Guay, Wayne R., S. P. Kothari, and Ross L. Watts, "A market-based evaluation of discretionary-accruals proxies, " Journal of Accounting Research (Supplement 1997): 83-105.

Hansen, G. and Christopher F. Noe, "Do managers' accrual decisions speak louder than words?, "Working paper, Harvard Business School, 1998.

Healy, Paul M., "Discussion of A market-based evaluation of discretionary-accruals proxies, " Journal of Accounting Research, (Supplement 1997): 107-115.

Jones, Jennifer J., "Earnings management during import relief investigations," Journal of Accounting Research 29 (Autumn 1991): 193-228.

Kasznik, Ron, "On the Association Between Voluntary Disclosure and Earnings Management, " Journal of Accounting Research 37 (Supplement 1999), 57-81.

3. Non-financial Information

4. Specific Topics --Financial analysts' forecasts

* Required Reading

Brown, Lawrence D., Robert L. Hagerman, Paul A. Griffin and Mark E. Zmijewski, 1987, Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings, Journal of Accounting and Economics 9, 61-87.

O'Brien, Patricia C., 1988, Analysts' forecasts as earnings expectations, Journal of Accounting and Economics 10, 53-83.

Francis, Jennifer and Donna Philbrick, 1993, Analysts' decisions as products of a multi-task environment, Journal of Accounting Research 31, 216-230.

Hsiou-wei Lin, Maureen F. McNichols, 1998, Underwriting relationships, analysts' earnings forecasts and investment recommendations, Journal Of Accounting and Economics 25, 101-127.

Abarbanell, Jeffery S. and Victor L. Bernard, 1992, Tests of analysts' overreaction/underreaction to earnings information as an explanation for anomalous stock price behavior, Journal of Finance 47, 1181-1207.

Easterwood, John C. and Stacey R. Nutt, 1999, Inefficiency in analysts' earnings forecasts: Systematic misreaction or systematic optimism Journal of Finance 54, 1777-1797.

* Additional Reading

Schipper, Katherine, 1991, Analysts' forecasts: A commentary. Accounting Horizons 5, 105-121.

Brown, Philip, George Foster and Eric Noreen, 1985, Security analyst multi-year earnings forecasts and the capital market, American Accounting Association Studies in Accounting Research #21.

Philbrick, Donna R., and William E. Ricks, 1991, Using Value Line and IBES analyst forecasts in accounting research, Journal Accounting Research 29, 397-417.

Fried, Dov and Dan Givoly, 1982, Financial analysts' forecasts of earnings: A better surrogate for market expectations, Journal of Accounting and Economics 4, 85-107.

McNichols, Maureen and Patricia C. O'Brien, 1997, Self-selection and analyst coverage, Journal of Accounting Research 35, 167-199.

Dugar, Amitabh and Siva Nathan, 1995, The effect of investment banking relationships on financial analysts' earnings forecasts and investment recommendations, Contemporary Accounting Research 12, 131-160.

Das, Somnath, Carolyn B. Levine and K. Sivaramakrishnan, 1998, Earnings predictability and bias in analysts' earnings forecasts, The Accounting Review 73, 277-294.

Hwang, LeeSeok, Ching-Lih Jan and Sudipta Basu, winter 1996, Loss firms and analysts' earnings forecast errors, Journal of Financial Statement Analysis, 18-30.

DeBondt, Werner F.M. and Richard M. Thaler, 1990, Do security analysts overreact? The American Economic Review 80, 52-57.

Abarbanell, Jeffery S., 1991, Do analysts' forecasts incorporate information in prior stock price changes?, Journal of Accounting and Economics 14, 147-165.

Lys, Thomas and Sungkyu Sohn, 1990, The association between revisions of financial analysts' earnings forecasts and security-price changes, Journal of Accounting and Economics 13, 341-363.

Ali, Ashiq, April Klein and James Rosenfeld, 1992, Analysts' use of information about permanent and transitory earnings components in forecasting annual EPS, The Accounting Review 67, 183-198.

Elliott, John A., Donna R. Philbrick, and Christine I. Wiedman, 1995, Evidence from archival data on the relation between security analysts' forecast errors and prior forecast revisions, Contemporary Accounting Research 11, 919-938.