Click this link for a very short survey about FASRI’s Roundtables and Blog. The fact that you are reading this means you are part of our sample universe. It only takes a few minutes and will be a huge help. Thanks! Read more > >
Click this link for a very short survey about FASRI’s Roundtables and Blog. The fact that you are reading this means you are part of our sample universe. It only takes a few minutes and will be a huge help. Thanks! Read more > >
This weekend is the JAE conference. Even if you weren’t invited, you can download the papers from the conference website. These will undoubtedly be highly cited papers, and form the basis for PhD seminars comprehensive exams for years to come…but they are LONG! I am printing them out as I write this. The six papers [...] Read more > >
That would be the implication of this research study, which makes a fairly simple statistical point. We already know that papers are more likely to be published if they include a positive result (they reject the null). Less politically correct to admit is that when the data gets messy, researchers tend to make a lot [...] Read more > >
That would be the implication of this research study, which makes a fairly simple statistical point. We already know that papers are more likely to be published if they include a positive result (they reject the null). Less politically correct to admit is that when the data gets messy, researchers tend to make a lot [...] Read more > >
A very interesting set of posts on ‘Economics of Contempt’ on financial innovation and credit rating failures. A few key points: Disclosure was good enough to make AIG’s exposure to Credit Default Swaps well-known. The real problem, according to this anonymous structured finance lawyer, was that the ratings on lower-tier tranches became increasingly generous over [...] Read more > >
Are you ready for earlier revenue recognition (and more estimation)? The FASB approved an EITF consensus (issue 08-1) this week in which the EITF dropped one of the key requirements that often precluded revenue recognition for delivered items in a multiple-element arrangement (think Apple and iPhones). In current accounting standards (EITF 00-21 or FASB Accounting [...] Read more > >
I am in the San Jose airport leaving the Engage! Expo, a 2-day conference on Virtual Worlds. It turns out that the technology we are using for FASRI is pretty popular, and as a favor to some friends, we are letting them use our LIVE page to stream a conference at Sun Microsystems. Just click [...] Read more > >
FASB made some decisions on Financial Statement Presentation on Wednesday. Here is part that is related to FASRI’s research study, presented two days earlier: The Board decided to retain an approach to classification within the business section that is based on how a reporting entity organizes its activities and how it uses its assets and [...] Read more > >
On Wednesday, Sept 30th, 11 am ET, we will be joined by Kathy Petroni (Michigan State University). Kathy will be talking about her paper, entitled “CFOs and CEOs: Who Have the Most Influence on Earnings Management?” The paper is forthcoming in the Journal of Financial Economics, and is co-authored with John (Xuefeng) Jiang and Isabel [...] Read more > >