143
Views
4
CrossRef citations to date
0
Altmetric
Original Articles

The accounting identity trap: identification under stock-and-flow rank deficiency

References

  • Amir, E. 1993. “The Market Valuation of Accounting Information: The Case of Postretirement Benefits Other than Pensions.” Accounting Review 68 (4): 703–724.
  • Amir, E., M. Kirschenheiter, and K. Willard. 1997. “The Valuation of Deferred Taxes.” Contemporary Accounting Research 14 (4): 597–622.
  • Anderson, M., R. Banker, and S. Ravindran. 2006. “Value Implications of Investments in Information Technology.” Management Science 52 (9): 1359–1376.
  • Ashton, D., and P. Wang. 2013. “Valuation Weights, Linear Dynamics and Accounting Conservatism: An Empirical Analysis.” Journal of Business Finance & Accounting 40 (1–2): 1–25.
  • Barth, M. E., W. H. Beaver, J. R. M. Hand, and W. R. Landsman. 1999. “Accruals, Cash Flows, and Equity Values.” Review of Accounting Studies 3: 205–229.
  • Barth, M. E., W. H. Beaver, J. R. M. Hand, and W. R. Landsman. 2005. “Accruals, Accounting-Based Valuation Models, and the Prediction of Equity Values.” Journal of Accounting Auditing and Finance 20 (4): 311–345.
  • Bauman, M., and K. Shaw. 2016. “Balance Sheet Classification and the Valuation of Deferred Taxes.” Research in Accounting Regulation 28: 77–85.
  • Bell, T., W. Landsman, B. Miller, and S. Yeh. 2002. “The Valuation Implications of Employee Stock Option Accounting for Profitable Computer Software Firms.” The Accounting Review 77 (4): 971–996.
  • Biddle, G. C., G. Hilary, and R. S. Verdi. 2009. “How Does Financial Reporting Quality Relate to Investment Efficiency?” Journal of Accounting and Economics 48 (2–3): 112–131.
  • Bonacchi, M., K. Kolev, and B. Lev. 2015. “Customer Franchise – A Hidden, yet Crucial, Asset.” Contemporary Accounting Research 32 (3): 1024–1049.
  • Brief, R. P., and K. V. Peasnell. 1996. Clean Surplus: A Link between Accounting and Finance. Routledge New Works in Accounting History New York : Garland Pub.
  • Chen, P., and G. Zhang. 2007. “How Do Accounting Variables Explain Stock Price Movements? Theory and Evidence.” Journal of Accounting and Economics 43: 219–244.
  • Christodoulou, D., C. Clubb, and S. Mcleay. 2016. “A Structural Accounting Frame- Work for Estimating the Expected Rate of Return on Equity.” Abacus 52 (1): 176–210.
  • Christodoulou, D., and S. McLeay. 2014. “The Double Entry Constraint, Structural Modeling and Econometric Estimation.” Contemporary Accounting Research 31 (2): 609–628.
  • Collins, D., M. Pincus, and H. Xie. 1999. “Equity Valuation and Negative Earnings: The Role of Book Value of Equity.” The Accounting Review 74 (1): 29–61.
  • Darrough, M., and Y. Jianming. 2007. “Valuation of Loss Firms in a Knowledge-Based Economy.” Review of Accounting Studies 12: 61–93.
  • Dechow, P. M., A. P. Hutton, and R. G. Sloan. 1999. “An Empirical Assessment of the Residual Income Valuation Model.” Journal of Accounting and Economics 26: 1–34.
  • Dhrymes, P. J., and S. Extensions. 1965. “Tests for the CES Class of Production Functions.” The Review of Economics and Statistics 47 (4): 357–366.
  • Easton, P., T. Harris, and J. Ohlson. 1992. “Aggregate Accounting Earnings Can Explain Most of Security Returns.” Journal of Accounting and Economics 15: 119–142.
  • Fazzari, S. M., R. Glenn Hubbard, and B. C. Petersen. 1988. “Financing Constraints and Corporate Investment.” Brookings Papers on Economic Activity 1: 141–206.
  • Feltham, G. A., and J. A. Ohlson. 1995. “Valuation and Clean Surplus Accounting for Operating and Financial Activities.” Contemporary Accounting Research 11 (2): 689–731.
  • Franzen, L., and S. Radhakrishnan. 2009. “The Value Relevance of R&D across Profit and Loss Firms.” Journal of Accounting and Public Policy 28: 16–32.
  • Greene, W. H. 2011. Econometric Analysis. 7th ed.  Upper Saddle River, NJ: Pearson Prentice Hall.
  • Greene, W. H., and T. G. Seaks. 1991. “The Restricted Least Squares Estimator: A Pedagogical Note.” The Review of Economics and Statistics 73 (3): 563–567.
  • Hadi, A. 1992. “Identifying Multiple Outliers in Multivariate Data.” Journal Of The Royal Statistical Society Series B-Methodological 54 (3): 761–771.
  • Hadi, A. 1994. “A Modification of a Method for the Detection of Outliers in Multivariate Samples.” Journal Of The Royal Statistical Society Series B-Methodological 56 (2): 393–396.
  • Haisken-DeNew, J. P., and C. M. Schmidt. 1997. “Interindustry and Interregion Diff Entials: Mechanics and Interpretation.” The Review of Economics and Statistics 79 (3): 516–521.
  • Kanagaretnam, K., R. Mathieu, and M. Shehata. 2009. “Usefulness of Comprehensive Income Reporting in Canada.” Journal of Accounting and Public Policy 28: 349–365.
  • Kaplan, S. and L. Zingales. 1997. “Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?” The Quarterly Journal of Economics 112 (1): 169–215.
  • Kennedy, P. 1986. “Interpreting Dummy Variables.” The Review of Economics and Statistics 68 (1): 174–175.
  • Kmenta, J. 1997. Elements of Econometrics. 2nd ed. University of Michigan: University of Michigan Press.
  • Mazumdar, S., C. C. Li, and G. R. Bryce. 1980. “Correspondence between a Linear Restriction and a Generalized Inverse in Linear Model Analysis.” The American Statistician 34 (2): 103–105.
  • Miller, M. H., and F. Modigliani. 1961. “Dividend Policy, Growth, and the Valuation of Shares.” The Journal of Business 34 (4): 411–433.
  • Myers, J. 1999. “Implementing Residual Income Valuation with Linear Information Dynamics.” Accounting Review 74 (1): 1–28.
  • O’Brien, R. M. 2012. “Visualizing Rank Deficient Models: A Row Equation Geometry of Rank Deficient Matrices and Constrained-Regression.” PLoS One 7 (6): 1–9.
  • Penman, S., and N. Yehuda. 2009. “The Pricing of Earnings and Cash Flows and an Affirmation of Accrual Accounting.” Review of Accounting Studies 14: 453–479.
  • Penman, S. H. 2015. Financial Statement Analysis and Security Valuation. 5th ed. McGraw- Hill/Irwin.
  • Suits, D. B. 1957. “Use of Dummy Variables in Regression Equations.” Journal of the American Statistical Association 52 (280): 548–551.
  • Suits, D. B. 1984. “Dummy Variables: Mechanics V. Interpretation.” The Review of Economics and Statistics 66: 177–180.
  • Sweeney, R. E., and E. F. Ulveling. 1972. “A Transformation for Simplifying the Interpretation of Coefficients of Binary Variables in Regression Analysis.” The American Statistician 26 (5): 30–32.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.