Table Of Content

Journal of Accounting Research Vol. 30, Supplement 1992 Printed in U.S.A. Author and Title Index to Volumes 29 and 30 (1991 and 1992)* Title Index Accounting Earnings Announcements, Institutional Investor Concentration, and Common Stock Returns Gordon Potter 30, 146 The Analytical Derivation and Empirical Test of a Tax-Adjusted Fundamental Value Model Thomas W. Downs and Keith A. Shriver (Discussant: Richard Sansing) $92, 77 The Association between Stock Market Responses to Earnings Announcements and Regulation of Electric Utilities Walter Teets 30, 274 Auditor Independence, Dismissal Threats, and the Market Reaction to Auditor Switches Siew Hong Teoh 30, 1 Changes versus Levels in Earnings as Explanatory Variables for Returns: Some Theoretical Considerations James A. Ohlson and Pervin K. Shroff 30, 210 Collusion in Auditing Stanley Baiman, John H. Evans III, and Nandu J. Nagarajan 29, 1 A Comment on the Empirical Distribution of Squared Unexpected Returns William M. Cready and Patricia G. Mynatt 30, 297 Conservatism and Auditor—Client Negotiations Rick Antle and Barry Nalebuff (Discussant: Stanley Baiman) $91, 31 Contracting Frictions, Regulation, and the Structure of CPA Firms Rick Antle and Joel S. Demski (Discussant: Lynda Thoman) $91, 1 Disqualifying Dispositions of Incentive Stock Options: Tax Benefits versus Financial Reporting Costs Steve Matsunaga, Terry Shevlin, and D. Shores (Discussant: David F. Larcker) $92, 37 Earnings as an Explanatory Variable for Returns Peter D. Easton and Trevor'S. Harris... 2... i020 0 C2 ss oie cncee ent enes 29, 19 Earnings Management and the Corporate Alternative Minimum Tax Charles E. Boynton, Paul S. Dobbins, and George A. Plesko (Discussant: Jeffrey Gramlich) $92, 131 Earnings Management during Import Relief Investigations Jennifer J. Jones 29, 193 The Effect of the Set of Comparable Firms on the Accuracy of the Price—Earn- ings Valuation Method Andrew W. Alford Empirical Analysis of Audit Uncertainty Qualifications Timothy B. Bell and Richard H. Tabor 29, 350 *S refers to the Supplement of the year indicated. 193 Copyright ©, Institue of Professional Accounting 1993 An Empirical Investigation of the Relative Performance Evaluation Hypothesis Surya N. Janakiraman, Richard A. Lambert, and David F. Larcker Employee Compensation and Firms’ Research and Development Activity Greg Clinch Evidence on the Possible Underweighting of Earnings-Related Information Richard R. Mendenhall Executive Compensation Contract Adoption in the Electric Utility Industry William N. Lanen and David F. Larcker Expertise in Corporate Tax Planning: The Issue Identification Stage Sarah E. Bonner, Jon S. Davis, and Betty R. Jackson (Discussant: Michael S. Schadewald) . The Financial and Market Effects of the SEC’s Accounting and Auditing Enforcement Releases Ehsan H. Feroz, Kyungjoo Park, and Victor S. Pastena (Discussants: Mark L. Defond and David B. Smith) S91, 107 Firms’ Responses to Anticipated Reductions in Tax Rates: The Tax Reform Act of 1986 Myron S. Scholes, G. Peter Wilson, and Mark A. Wolfson (Discussant: Thomas Omer) The Forecast Accuracy of Individual Analysts: Evidence of Systematic Opti- mism and Pessimism Kirt C. Butler and Larry H. P. Lang Foreign Tax Credit Limitations and Preferred Stock Issuances Julie H. Collins and Douglas A. Shackelford (Discussant: Edmund Outslay) $92, A Further Examination of the Economic Consequences of SFAS No. 2 Charles E. Wasley and Thomas J. Linsmeier The Impact of Costly Information Interpretation on Firm Disclosure Decisions Raffi J. Indjejikian The Impact of MAS on Auditors’ Independence: An Experimental Markets Study Nicholas Dopuch and Ronald R. King (Discussant: Joyce E. Berg) Implications of Seemingly Irrelevant Evidence in Audit Judgment Karl Hackenbrack Incentives, Effort, and the Cognitive Processes Involved in Accounting-Related Judgments Robert Libby and Marlys Gascho Lipe An Independent Auditor’s Ex Post Criteria for the Disclosure of Information Mark Penno and John S. Watts (Discussant: John H. Evans III) The Information Content of Earnings, Revenues, and Expenses Siva Swaminathan and Joseph Weintrop Interindustry Differences in the Relation between Compensation Firm Perfor- mance Variables Kirsten M. Ely Loss Contingency Reports and Stock Prices: A Replication and Extension of Banks and Kinney Carol A. Frost Management Control Systems and the Implementation of Strategies Madhav V. Rajan Management Forecasts and Statistical Prediction Model Forecasts in Corpo- rate Budgeting Kenton B. Walker and Lawrence A. McClelland 29, 371 A Meta-Analysis of Studies on Internal Control Judgments xen T. Trotman and Robert Wood 29, 180 A Nonlinear Model of Security Price Responses to Unexpected Earnings Robert N. Freeman and Senyo Y. Tse Participation, Slack, and Budget-Based Performance Evaluation Alison J. Kirby, Stefan Reichelstein, Pradyot K. Sen, and Tae-Young Paik . . 29, 109 Portfolio Considerations in Valuing Executive Compensation Richard A. Lambert, David F. Larcker, and Robert E. Verrecchia 29, 129 Public Disclosure and the Structure of Private Information Markets Robert M. Bushman 29, 261 Public Signals and the Equilibrium Allocation of Private Information Russell J. Lundholm 29, 322 Ranking of Accounting Information Systems for Management Control Son Ku Kim and Yoon S. Suh 29, 386 Relative Performance Evaluation and Project Selection Ronald A. Dye 30, 27 The Role of Earnings Levels in Annual Earnings—Returns Studies Ashigq Ali and Paul Zarowin 39, 286 The Stock Market Response to Earnings Announcements Released during Trading versus Nontrading Periods Jennifer Francis, Donald Pagach, and Jens Stephan 30, 165 Stock Price Behavior Associated with Manager’s Earnings and Revenue Forecasts Jerry C. Y. Han and John J. Wild 29, 79 Tax Incentives and Capital Structures: The Case of the Dividend Reinvestment Plan Otto H. Chang and Donald R. Nichols 30, 109 Timely Aggregate Analyst Forecasts as Better Proxies for Market Earnings Expectations Lawrence D. Brown and Kwon-Jung Kim 29, 382 Time-Varying Stock Price Response to Earnings Induced by Uncertainty about the Time-Series Process of Earnings Mark Lang 29, 229 Trading Volume and Price Reactions to Public Announcements Oliver Kim and Robert E. Verrecchia 29, 302 Trials of Legal Disputes Involving Independent Auditors: Some* Empirical Evidence Zoe-Vonna Palmrose (Discussant: Michael L. Ettredge) S91, 149 Using Value Line and IBES Analyst Forecasts in Accounting Research Donna R. Philbrick and William E. Ricks 29, 397 Voluntary Disclosures When Seller’s Level of Information Is Unknown Ronald R. King and David E. Wallin 29, 96 Voluntary Semiannual Earnings Disclosures, Earnings Volatility, Unexpected Earnings, and Firm Size Michael E. Bradbury Author Index Alford, Andrew W. The Effect of the Set of Comparable Firms on the Accuracy of the Price—Earnings Valuation Method 30, 94 Ali, Ashiq, and Zarowin, Paul. The Role of Earnings Levels in Annual Earn- NON INE Sis esis cys Sabie sth as ohe we ee Eo eie Meee 30, 286 Antle, Rick, and Demski, Joel S. Contracting Frictions, Regulation, and the Structure of CPA Firms (Discussant: Lynda Thoman) $91, 1 Antle, Rick, and Nalebuff, Barry. Conservatism and Auditor—Client Negotia- tions (Discussant: Stanley Baiman) $91, 31 Baiman, Stanley, Evans, John H., III, and Nagarajan, Nandu J. Collusion in Auditing 29, 1 Baiman, Stanley (see Antle, Rick, and Nalebuff, Barry) Bell, Timothy B., and Tabor, Richard H. Empirical Analysis of Audit Uncer- ET Yee TE UR OO Car Crore 29, 350 Berg, Joyce E. (see Dopuch, Nicholas, and King, Ronald R.) Bonner, Sarah E., Davis. Jon S., and Jackson, Betty R. Expertise in Corporate Tax Planning: The Issue Identification Stage (Discussant: Michael S. Schadewald) $92, 1 Boynton, Charles E., Dobbins, Paul S., and Plesko, George A. Earnings Man- agement and the Corporate Alternative Minimum Tax (Discussant: Jeffrey Gramlich) $92, 131 Bradbury, Michael E. Voluntary Semiannual Earnings Disclosures, Earnings Volatility, Unexpected Earnings, and Firm Size..................+.-. 30, 137 Brown, Lawrence D., and Kim, Kwon-Jung. Timely Aggregate Analyst Fore- casts as Better Proxies for Market Earnings Expectations.............. 29, 382 Bushman, Robert M. Public Disclosure and the Structure of Private Informa- tion Markets 29, 261 Butler, Kirt C., and Lang, Larry H. P. The Forecast Accuracy of Individual An- alysts: Evidence of Systematic Optimism and Pessimism 29, 150 Chang, Otto H., and Nichols, Donald R. Tax Incentives and Capital Struc- tures: The Case of the Dividend Reinvestment Plan 30, 109 Clinch, Greg. Employee Compensation and Firm’s Research and Development Activity 29, 59 Collins, Julie H., and Shackelford, Douglas A. Foreign Tax Credit Limitations and Preferred Stock Issuances (Discussant: Edmund Outslay) $92, 103 Cready, William M., and Mynatt, Patricia G. A Comment on the Empirical Dis- tribution of Squared Unexpected Returns...............-.020000000 30, 297 Davis, Jon S. (see Bonner, Sarah E., and Jackson, Betty R.) DeFond, Mark L. (see Feroz, Ehsan H., Park, Kyungjoo, and Pastena, Victor S.) Demski, Joel S. (see Antle, Rick) Dobbins, Paul S. (see Boynton, Charles E., and Plesko, George A.) Dopuch, Nicholas, and King, Ronald R. The Impact of MAS on Auditors’ In- dependence: An Experimental Markets Study (Discussant: Joyce E. Berg) Downs, Thomas W., and Shriver, Keith A. The Analytical Derivation and Em- pirical Test of a Tax-Adjusted Fundamental Value Model (Discussant: Richard Sansing) Dye, Ronald A. Relative Performance Evaluation and Project Selection Easton, Peter D., and Harris, Trevor S. Earnings as an Explanatory Variable for Returns Ely, Kirsten M. Interindustry Differences in the Relation between Compensa- tion and Firm Performance Variables Ettredge, Michael L. (see Palmrose, Zoe-Vonna) Evans, John H., III (see Baiman, Stanley, and Nagarajan, Nandu J.) 196 Evans, John J., III (see Penno, Mark and Watts, John S.) Feroz, Ehsan H., Park, Kyungjoo, and Pastena, Victor S. The Financial and Market Effects of the SEC’s Accounting and Auditing Enforcement Re- leases (Discussants: Mark L. DeFond and David B. Smith) $91, 107 Francis, Jennifer, Pagach, Donald, and Stephens, Jens. The Stock Market Response to Earnings Announcements Released during Trading versus Nontrading Periods 30, Freeman, Robert N., and Tse, Senyo Y. A Nonlinear Model of Security Price Responses to Unexpected Earnings 30, Frost, Carol A. Lost Contingency Reports and Stock Prices: A Replication and Extension of Banks and Kinney 29, Gramlich, Jeffrey (see Boynton, Charles E., Dobbins, Paul S., and Plesko, George A.) Hackenbrack, Karl. Implications of Seemingly Irrelevant Evidence in Audit Judgment 30, 126 Han, Jerry C. Y., and Wild, John J. Stock Price Behavior Associated with Man- agers’ Earnings and Revenue Forecasts 29, 79 Harris, Trevor S. (see Easton, Peter D.) Indjejikian, Raffi J. The Impact of Costly Information Interpretation on Firm a rrr rrra rrr ee ry Pye rr ee bee erry tc 29, 277 Jackson, Betty R. (see Bonner, Sarah E., and Davis, Jon S.) Janakiraman, Surya N., Lambert, Richard A., and Larcker, David F. An Empir- ical Investigation of the Relative Performance Evaluation Hypothesis. . . . 30, 53 Jones, Jennifer J. Earnings Management during Import Relief Investigations 29, 193 Kim, Kwon-Jung (see Brown, Lawrence D.) Kim, Oliver, and Verrecchia, Robert E. Trading Volume and Price Reactions to Public Announcements 29, 302 Kim, Son Ku, and Suh, Yoon S. Ranking of Accounting Information Systems for Management Control 29, 386 King, Ronald R., and Wallin, David E. Voluntary Disclosure When Seller’s Level of Information Is Unknown 29, 96 King, Ronald R. (see Dopuch, Nicholas) Kirby, Alison J., Reichelstein, Stefan, Sen, Pradyot K., and Paik, Tae-Young. Participation, Slack, and Budget-Based Performance Evaluation 29, 109 Lambert, Richard A., Larcker, David F., and Verrecchia, Robert E. Portfolio Considerations in Valuing Executive Compensation 29, 129 Lambert, Richard A. (see Janakiraman, Surya N., and Larcker, David F.) Lanen, William N., and Larcker, David F. Executive Compensation Contract Adoption in the Electric Utility Industry 30, 70 Lang, Larry H. P. (see Butler, Kirt C.) Lang, Mark. Time-Varying Stock Price Response to Earnings Induced by Un- certainty about the Time-Series Process of Earnings ...............-- 29, 229 Larcker, David F. (see Janakiraman, Surya N., and Lambert, Richard A.) Larcker, David F. (see Lambert, Richard A., and Verrecchia, Robert E.) Larcker, David F. (see Lanen, William N.) Larcker, David F. (see Matsunaga, Steve, Shevlin, Terry, and Shores, D.) Libby, Robert, and Lipe, Marlys Gascho. Incentives, Effort, and the Cognitive Processes Involved in Accounting-Related Judgments ................ 30, 249 Linsmeier, Thomas J. (see Wasley, Charles E.) Lipe, Marlys Gascho (see Libby, Robert) Lundholm, Russell J. Public Signals and the Equilibrium Allocation of Private Information 29, 322 Matsunaga, Steve, Shevlin, Terry, and Shores, D. Disqualifying Dispositions of Incentive Stock Options: Tax Benefits versus Financial Reporting Costs (Discussant: David F. Larcker) McClelland, Lawrence A. (see Walker, Kenton B.) Mendenhall, Richard R. Evidence on the Possible Underweighting of Earn- ings-Related Information 29, 170 Mynatt, Patricia G. (see Cready, William M.) Nagarajan, Nandu J. (see Baiman, Stanley, and Evans, John H., III) Nalebuff, Barry (see Antie, Rick) Nichols, Donald R. (see Chang, Otto H.) Ohlson, James A., and Shroff, Pervin K. Changes versus Levels in Earnings as Explanatory Variables for Returns: Some Theoretical Considerations . . . . 30, 210 Omer, Thomas (see Scholes, Myron S., Wilson, G. Peter, and Wolfson, Mark A.) Outslay, Edmund (see Collins, Julie H., and Shackelford, Douglas A.) Pagach, Donald (see Francis, Jennifer, and Stephan, Jens) Paik, Tae-Young (see Kirby, Alison J., Reichelstein, Stefan, and Sen, Pradyot K.) Palmrose, Zoe-Vonna. Trials of Legal Disputes Involving Independent Audi- tors: Some Empirical Evidence (Discussant: Michael L. Ettredge) Park, Kyungjoo (see Feroz, Ehsan H., and Pastena, Victor S.) Pastena, Victor S. (see Feroz, Ehsan H., and Park, Kyungjoo) Penno, Mark, and Watts, John S. An Independent Auditor’s Ex Post Criteria for the Disclosure of Information (Discussant: John H. Evans III) S91, 194 Philbrick, Donna R., and Ricks, William E. Using Value Line and IBES Analyst Forecasts in Accounting Research 29, 397 Plesko, George A. (see Boynton, Charles E., and Dobbins, Paul S.) Potter, Gordon. Accounting Earnings Announcements, Institutional Investor Concentration, and Common Stock Returns.............-.+:00+00005 30, 146 Rajan, Madhav V. Management Control Systems and the Implementation of SOUND 5a care ia Nee ere IE SAS Bip 0 6. 6's Ss ww Oat See Sew Br4i e MISS, eA 30, 227 Reichelstein, Stefan (see Kirby, Alison J., Sen, Pradyot K., and Paik, Tae-Young) Ricks, William E. (see Philbrick, Donna R.) Sansing, Richard (see Downs, Thomas W., and Shriver, Keith A.) Schadewald, Michael S. (see Bonner, Sarah E., Davis, Jon S., and Jackson, Betty R.) Scholes, Myron S., Wilson, G. Peter, and Wolfson, Mark A. Firms’ Responses to Anticipated Reductions in Tax Rates: The Tax Reform Act of 1986 (Discus- sant. Thomas Omer) $92, 161 Sen, Pradyot K. (see Kirby, Alison J., Reichelstein, Stefan, and Paik, Tae- Young) Shackelford, Douglas A. (see Collins, Julie H.) Shevlin, Terry (see Matsunaga, Steve, and Shores, D.) Shores, D. (see Matsunaga, Steve, and Shevlin, Terry) Shriver, Keith A. (see Downs, Thomas W.) Shroff, Pervin K. (see Ohlson, James A.) Smith, David B. (see Feroz, Ehsan H., Park, Kungjoo, and Pastena, Victor S.) Stephan, Jens (see Francis, Jennifer, and Pagach, Donald) Suh, Yoon S. (see Kim, Son Ku) Swaminathan, Siva, and Weintrop, Joseph. The Information Content of Earn- ings, Revenues, and Expenses 29, 418 Tabor, Richard H. (see Bell, Timothy B.) Teets, Walter. The Association between Stock Market Responses to Earnings Announcements and Regulation of Electric Utilities 30, 274 Teoh, Siew Hong. Auditor Independence, Dismissal Threats, and the Market Reaction to Auditor Switches 30, 1 Thoman, Lynda (see Antle, Rick, and Demski, Joel S.) Trotman, Ken T., and Wood, Robert. A Meta-Analysis of Studies on Internal NR A SO ee ere ener eye erga 29, 180 Tse, Senyo Y. (see Freeman, Robert N.) 198 Verrecchia, Robert E. (see Kim, Oliver) Verrecchia, Robert E. (see Lambert, Richard A., and Larcker, David F.) Walker, Kenton B., and McClelland, Lawrence A. Management Forecasts and Statistical Prediction Model Forecasts in Corporate Budgeting Wallin, David E. (see King, Ronald R.) Wasley, Charles E., and Linsmeier, Thomas J. A Further Examination of the Economic Consequences of SFAS No. 2 Watts, John S. (see Penno, Mark) Weintrop, Joseph (see Swaminathan, Siva) Wild, John J. (see Han, Jerry C. Y.) Wilson, G. Peter (see Scholes, Myron S., and Wolfson, Mark A.) Wolfson. Mark A. (see Scholes, Myron S., and Wilson, G. Peter) Wood, Robert (see Trotman, Ken T.) Zarowin, Paul (see Ali, Ashiq)