"Discussion of "Critical accounting policy disclosures"/ created by Mary Brooke Billings

By:

Billings, Mary Brooke [author]

Material type: Text

TextSeries: Journal of Accounting, Auditing and Finance ; Volume 26, number 1Thousand Oaks, CA: Sage Publications, 2011Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

0148558X

Subject(s):

LOC classification:

HF5601 JOU

Online resources:

Click here to access online

Abstract: Carolyn B. Levine and Michael J. Smith (2011) examine firms’ critical accounting policy (CAP) disclosures. With respect to motivation for disclosure, Levine and Smith (2011) document an increased likelihood of CAP disclosure for firms facing high ex ante litigation risk. Focusing on the informational value of disclosure, they find evidence consistent with CAP disclosure influencing investors’ valuation decisions. Although the paper provides a large sample analysis of a relatively new accounting disclosure practice, I raise some questions about what we can (and cannot) learn from their findings. In so doing, I highlight potential topics for future research.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HF5601 JOU (Browse shelf(Opens below))	Vol. 26 , No.1 (pages 77-80)	SP9776	Not for loan	For In House Use Only

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Carolyn B. Levine and Michael J. Smith (2011) examine firms’ critical accounting policy (CAP) disclosures. With respect to motivation for disclosure, Levine and Smith (2011) document an increased likelihood of CAP disclosure for firms facing high ex ante litigation risk. Focusing on the informational value of disclosure, they find evidence consistent with CAP disclosure influencing investors’ valuation decisions. Although the paper provides a large sample analysis of a relatively new accounting disclosure practice, I raise some questions about what we can (and cannot) learn from their findings. In so doing, I highlight potential topics for future research.

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