世界十大高楼（10）

3. Studies of Accounting Method Choice (Cont.)

Leftwich, R., "Aggregation of Test Statistics: Statistics vs. Economics," Journal of Accounting and Economics 12 (1990): 37-44.

Watts, R. L., and J. L. Zimmerman, "Positive Accounting Theory: A Ten Year Perspective, " Accounting Review 65 (1990): 131-156.

Skinner, D. J., 1993, "The Investment Opportunity Set and Accounting Procedure Choice: Preliminary Evidence," Journal of Accounting & Economics 16, 4, October 1993: 407-445.

DeAngelo, L. E., "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.

Ball, R., A. S. Keating, and J. L. Zimmerman, "Commitment, Historical Cost Accounting, and Accounting Depreciation, " Unpublished paper, April 1998

4. Current Financial-Reporting Topics (Continued) - The Purchase vs Pooling Debate

Vincent, L., "Equity Valuation Implications of Purchase versus Pooling Accounting, " Journal of Financial Statement Analysis (Summer 1997): 5-19.

Lys, T. and L. Vincent, "An analysis of value destruction in AT&T's acquisition of NCR. " Journal of Financial Economics 39 (1995): 353-378.

Ayers, B. C., Lefanowicz, C.E., and J. R. Robinson, "Do Firms Purchase the Pooling Method? " Unpublished paper, September 1998.

Erickson, M., "The Effect of Taxes on the Structure of Corporate Acquisitions, " Journal of Accounting Research 36 (1998): 279-298.

5. Introduction to Equity Valuation (1 Session)

* Required Reading

Ohlson, James, "Earnings, book value and dividends in security valuation, " Contemporary Accounting Research (Spring) 1995, Vol. 11, No.2, pp.661-687.

Feltham, Gerald and James Ohlson, "Valuation and clean surplus accounting for operating and financial activities," Contemporary Accounting Research (Spring) 1995, Vol. 11, No.2, pp. 689-731.

Bernard, Victor L. "The Feltham-Ohlson framework : Implications for empiricists," Contemporary Accounting Research (Spring) 1995, Vol. 11, No. 2, pp. 733-748.

* Additional Reading

Ohlson, James, "Earnings, book value and dividends in security valuation, " Contemporary Accounting Research (Spring) 1995, Vol. 11, No.2, pp.661-687.

Lundholm, Russell J, "A tutorial on the Ohlson and Feltham/Ohlson models : Answers to some frequently asked questions," Contemporary Accounting Research (Spring) 1995, Vol. 11, No.2, pp.749-761.

Feltham, Gerald and James Ohlson, "Residual earnings valuation with risk and stochastic interest rates," Accounting Review (April) 1999, Vol. 74, No. 2, pp. 165-183.

Ohlson, James and Xiao-Jun Zhang, "Accrual accounting and equity valuation," Journal of Accounting Research (Supplement - Studies on Enhancing the Financial Reporting Model) 1998, Vol. 36 pp. 85-111.

Yee, Kenton, "Residual Income Valuation of an Optimally Adaptive Firm, " forthcoming, Journal of Accounting, Auditing, & Finance.

Penman, Stephen, "A Synthesis of Equity Valuation Techniques and the Terminal Value Calculation for the Dividend Discount Model," unpublished working paper, University of California at Berkeley.

. 6.Equity Valuation - Further Empirical Issues (1/2 Session)

* Required Reading

Liu, Jing and James Ohlson, "The Feltham-Ohlson (1995) Model: Empirical Implications, " forthcoming, Journal of Accounting, Auditing, & Finance.

Lo, Kin and Thomas Lys, "The Ohlson Model: Contribution to Valuation Theory, Limitations, and Empirical Applications, " unpublished working paper (August) 1999, Northwestern University.

* Additional Reading

Dechow, Patricia, Amy Hutton, and Richard Sloan, "An empirical assessment of the residual income valuation model," Journal of Accounting & Economics (January) 1999, Vol. 26, No.1-3, pp. 1-34.

Beaver, William, "Comments on 'An Empirical Assessment of the Residual Income Valuation Model, " Journal of Accounting & Economics (January) 1999, Vol. 26, No.1-3, pp. 35-42.

Frankel, Richard and Charles Lee, "Accounting valuation, market expectation, and cross-sectional stock returns," Journal of Accounting & Economics (June) 1998, Vol. 25, No. 3, pp.283-319.

Lee, Charles, James Myers, and B. Swaminathan, "What is the intrinsic value of the Dow? " Journal of Finance (forthcoming).

Hand, John R. M. and Wayne R. Landsman, "Testing the Ohlson Model: v or not v, that is the question, " unpublished working paper, University of North Carolina at Chapel Hill.

Penman, Stephen and Theodore Sougiannis, "A Comparison of Dividend, Cash Flow, and Earnings Approaches to Equity Valuation, "Contemporary Accounting Research (Fall) 1998, Vol. 15, No. 3, pp. 343-383.

Penman, Stephen, "Combining earnings and book value in equity valuation, " Contemporary Accounting Research (Fall) 1998, Vol. 15, No. 3, pp. 291-324.

7. Value-Relevance (1/2 Session)

* Required Reading

Barth, Mary and Maureen McNichols, "Estimation and market valuation of environmental liabilities relating to Superfund sites," Journal of Accounting Research (Supplement) 1994, Vol. 32, pp. 177-209.

Holthausen, Robert, "Discussion of Estimation and Market Valuation of Environmental Liabilities Relating to Superfund sites," Journal of Accounting Research (Supplement) 1994, Vol. 32, pp. 211-219.

Brown, Stephen, Kin Lo, and Thomas Lys, "Use of R2 in accounting research: measuring changes in value relevance over the last four decades, " unpublished working paper (June) 1999, Northwestern University.

* Additional Reading

Barth, Mary, William Beaver, and Wayne Landsman, "Relative valuation roles of equity book value and net income as a function of financial health," Journal of Accounting & Economics (February) 1998, Vol. 25, No. 1, pp. 1-34.

Barth, Mary, "Fair value accounting: Evidence from investment securities and the market valuation of banks," Accounting Review (January) 1994, Vol 69, No. 1, pp. 1-25.

Beatty, Anne, Sandra Chamberlain, and Joseph Magliolo, "An empirical analysis of the economic implications of fair value accounting for investment securities," Journal of Accounting & Economics (August-December) 1996, Vol. 22, No.1-3, pp. 43-77.

Beatty, Anne, Sandra Chamberlain, and Joseph Magliolo, "An empirical analysis of model misspecification in studies of valuation of financial statement disclosures," Journal of Accounting, Auditing, & Finance (Fall) 1995, Vol 10, No. 4, pp. 719-749.

Collins, Daniel, Edward Maydew, and Ira Weiss, "Changes in the value relevance of earnings and book values over the past 40 years, " Journal of Accounting & Economics (December) 1997, Vol.24, No.1, pp.39-67.

Francis, Jennifer and Katherine Schipper, "Have financial statements lost their relevance? " unpublished working paper, University of Chicago.