Biases and Lags in Book Value and Their Effects on the Ability of the Book-to-Market Ratio to Predict Book Return on Equity

By W. H. Beaver, Stephen G. Ryan. 2000

554 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ba79da3411668331c2bbcb1d56b1a976439de04d

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Citations in the corpus

Measuring Reporting Conservatism (2007, background): “24 This measure is close in spirit to Penman and Zhang’s (2002) ‘‘unrecorded reserves’’ measure and to the type of accounting conservatism stemming from the choice of accounting methods (see Hagerman and Zmijewski 1981).”
Conditional and Unconditional Conservatism:Concepts and Modeling (2005, methodology): “See Greenball (1969), Beaver and Dukes (1973, 1974), Feltham and Ohlson (1995, 1996), Myers (1999), Pope and Walker (1999), Givoly and Hayn (2000), Ahmed et al. (2000), Beaver and Ryan (2000), Zhang (2000), Penman and Zhang (2002), Watts (2003b), and Monahan (2004).”
Gender Differences in Financial Reporting Decision-Making: Evidence from Accounting Conservatism (2015, unknown): “Our first measure of conservatism, CON_MTB, is the market-to-book ratio of a firm (Beaver and Ryan 2000; Ahmed et al. 2002; Ahmed and Duellman 2007; Hui, Matsunaga, and Morse 2009).”
Evidence on the Role of Accounting Conservatism in Monitoring Managers' Investment Decisions (2011, methodology): “Empirical tests using the asymmetric timeliness measure of conservatism Consistent with previous research such as Beekes et al. (2004), Ahmed and”
The Relevance of the Value Relevance Literature For Financial Accounting Standard Setting: Another View (2000, unknown): “Empirical value relevance studies directly incorporating conservatism and assessing its effects on the relation between accounting amounts and firm value include Stober (1996), Barth et al. (1999), and Beaver and Ryan (2000).”
Conservatism in Accounting - Part Ii: Evidence and Research Opportunities (2003, unknown): “12 Cross-sectional Evidence Variation across Firms Beaver and Ryan (2000) predict that their net assets measure of conservatism (the bias component or BC) varies with three contemporaneous proxies for accounting conservatism: the ratio of accumulated depreciation to gross property, plant and equipme”
The Effects of Contracting, Litigation, Regulation, and Tax Costs on Conditional and Unconditional Conservatism: Cross-Sectional Evidence at the Firm Level (2007, background): “Shackelford and Shevlin (2001) summarize two book-tax links.”
Accounting Conservatism under IFRS (2008, background): “(Basu, 1997) or the market-to-book ratio (Beaver and Ryan, 2000).”
Accounting Conservatism and Board of Director Characteristics: an Empirical Analysis (2007, unknown): “Our study differs from Beekes et al. (2004) in three important ways.”
The Role of Accounting Conservatism in Mitigating Bondholder-Shareholder Conflicts over Dividend Policy and in Reducing Debt Costs (2002, methodology): “13 Overall, our fixed-effects estimation results are similar to Beaver and Ryan (2000); most importantly, the lag coefficients are negative and decline in magnitude monotonically as the lag length increases.”
Ratio Analysis and Equity Valuation: From Research to Practice (2001, methodology): “Under conservative accounting, for example, ROCE is below its no-growth rate if investments are growing, and reducing investments generates higher ROCE, as modeled in Beaver and Ryan (2000) and Zhang (2000). Strictly, the forecast is of expected book values and expected earnings on expected book val”