Review of Accounting and Finance: Volume 4 Issue 1

Economic Development and the Value‐Relevance of Accounting Information — A Disclosure Transparency Perspective

Tony Kang, Yang Hoong Pang

Extending prior studies which suggest that the disclosure practice of developed economy entities tends to be more transparent than that of emerging economy entities, this study…

The MVA‐EVA Relationship: Separation of Market Driven Versus Firm Driven Effects

Janis K. Zaima, Howard F. Turetsky, Bruce Cochran

Studies that examine the relationship of economic value added (EVA) to market value did not isolate the EVA effect in conjunction with controlling for the economic effect of the…

Valuing Tradable Private Rights to Pollute the Public's Air

Richard F. Kosobud, Houston H. Stokes, Carol D. Tallarico, Brian L. Scott

This study develops the economic rationale for the inclusion of new environmental financial assets, tradable pollution rights, in a well‐diversified portfolio. These new assets…

Earnings Opacity, Stock Market Wealth Effect and Economic Growth

Ahmed Riahi‐Belkaoui

This paper examines how accounting quality, as measured by earnings opacity, affects the stock market wealth effect, which in turn is shown to be linked to economic growth. Stock…

An Assessment of the Change in the Incidence of Earnings Management Around the Enron‐Andersen Episode

Mark J. Nigrini

In 2001 Enron filed amended financial statements setting off a chain of events starting with its bankruptcy filing and including the conviction of Arthur Andersen for obstruction…