Access the full text.
Sign up today, get DeepDyve free for 14 days.
S. Brown, K. Lo, T. Lys (1999)
“Use of R2 in Accounting Research: Measuring Changes in Value-Relevance for the Past Four Decades”Journal of Accounting and Economics, 28
W. Landsman, E. Maydew (2002)
“Has the Information Content of Quarterly Earnings Announcements Declined over the Past Three Decades?”Journal of Accounting Research, 40
M. Barth, W. Landsman (1995)
“Fundamental Issues Related to Using Fair Value Accounting for Financial Reporting”Accounting Horizons, 9
Z. Deng, B. Lev, F. Narin (1999)
“Science and Technology as Predictors of Stock Performance”Financial Analysts Journal, 55
J. Ohlson (1980)
“Financial Ratios and the Probabilistic Prediction of Bankruptcy”Journal of Accounting Research, 18
(2002)
“Financial Statement Restatements: Trends, Market Impacts, Regulatory Responses, and Remaining Challenges”
B. Lev, T. Sougiannis (1996)
“The Capitalization, Amortization, and Value-Relevance of R&D”Journal of Accounting and Economics, 21
J. Francis, K. Schipper (1999)
“Have Financial Statements Lost Their Relevance?”Journal of Accounting Research, 37
W. Beaver (1966)
“Financial Ratios as Predictors of Failure”Journal of Accounting Research, 4
D. Duffie, K. Singleton. (2003)
Credit Risk: Pricing, Measurement, and Management.
S. Hillegeist, D. Cram, E. Keating, K. Lundstedt (2004)
“Assessing the Probability of Bankruptcy”Review of Accounting Studies, 9
A. Beatty, B. Ke, K. Petroni (2002)
“Earnings Management to Avoid Earnings Declines across Publicly and Privately Held Banks”Accounting Review, 77
T. Shumway (2001)
“Forecasting Bankruptcy More Accurately: A Simple Hazard Model”Journal of Business, 74
D. Collins, E. Maydew, I. Weiss (1997)
“Changes in the Value-Relevance of Earnings and Book Value over the Past Forty Years”Journal of Accounting and Economics, 24
E. Altman (1968)
“Financial Ratios, Discriminant Analysis, and the Prediction of Corporate Bankruptcy”Journal of Finance, 23 (September)
P. Allison (1999)
Survival Analysis Using the SAS System
Using a hazard model, we examine secular changes in the ability of financial statement data to predict bankruptcy from 1962 to 2002. We identify three trends in financial reporting that could influence predictive ability with respect to bankruptcy: FASB standards, the perceived increase in discretionary financial reporting behavior, and the increase in unrecognized assets and obligations. A parsimonious three-variable model provides significant explanatory power throughout the time period, with only a slight deterioration in predictive power from the first to the second time period. The striking feature of the results is the robustness of the predictive models over a forty-year period.
Review of Accounting Studies – Springer Journals
Published: Dec 24, 2004
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.