2009 Reading List Easton 1

Research on Conservative Accounting, Critique and Suggestion for New Directions

Papers on which the presentation will be based:

Ohlson, J. (2009) "Accounting Data and Value: The Basic Results." Contemporary Accounting Research (26)1, 231-259.

Easton, P. (2009) "Discussion of Accounting Data and Value: The Basic Results." Contemporary Accounting Research (26)1, 261-272.

Basu, S. (1977) "The Conservatism Principle and the Asymmetric Timeliness of Earnings." Journal of Accounting and Economics 24(1):3-37

Ball, R., and L. Shivakumar (2006) "The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition." Journal of Accounting Research 44(2):207-242

Penman, S., and X. Zhang (2002) "Accounting Conservatism, the Quality of Earnings, and Stock Returns." The Accounting Review 77(2):237-264

Easton, P. and P. Vasallo (2009) "Are Capital Expenditures, R&D, Advertisements and Acquisitions Positive NPV?" CARE Working Paper Series