An Analysis of the Relation Between the Stewardship and Valuation Roles of Earnings

By Robert M. Bushman, Ellen Engel, Abbie J. Smith. 2006

157 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/249c187c6cd528dbbfd678a1e79c1c9079d086ff

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Citations in the corpus

Who Uses Financial Reports and for What Purpose? Evidence from Capital Providers (2014, unknown): “Importantly, however, both empirical market-based and theoretical studies report significant overlap between the stewardship and valuation roles (Bushman et al., 2006; Banker et al., 2009; Drymiotes and Hemmer, 2013).”
On the Optimal Relation between the Properties of Managerial and Financial Reporting Systems (2008, result): “…xB when = B : Formally, i = p(xij i): Hence, the MAS provides perfect information only if A = B = 1: The system becomes less precise if A and/or B become smaller and provides information 9Our charachterisation of SF and VF is thus in line with earlier work in this area such as Bushman et al (2006).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “…early stages, but there are a number of studies suggesting that better reporting is associated with higher investment efficiency (e.g., Bens and Monahan, 2004; Biddle and Hilary, 2006; Bushman et al., 2006; Biddle et al., 2009, Badertscher et al., 2013, Cheng et al., 2013; Goodman et al., 2014).”
Compliance with IFRS 3- and IAS 36-required disclosures across 17 European countries: company- and country-level determinants (2013, background): “Over the past years, an intense discussion has taken place in the literature suggesting that certain elements of companies’ corporate governance have an important influence on the quality of reporting (La Porta et al. 2000, Bushman et al. 2001, Eng and Mak 2003, Verriest et al. forthcoming).”
The Role of Stock Liquidity in Executive Compensation (2012, unknown): “Bushman et al. (2006) show analytically that performance measures that incorporate multi-period effects of the manager’s actions which are not fully captured by current period earnings perform a valuation and a contracting role.”
The Role of Information and Financial Reporting in Corporate Governance and Debt Contracting (2010, background): “Banker, Huang, and Natarajan (2009) extend the analysis of Bushman et al. (2006) by offering a noise filtering explanation for the positive relationship between the pay-forperformance sensitivity of earnings and its value relevance.”