ABSTRACT
Philip Brown is one of the most admired and respected accounting academics alive today. He was a pioneer in capital markets research in accounting, and his 1968 article, co-authored with Ray Ball, "An Empirical Evaluation of Accounting Income Numbers," arguably had a greater impact on the course of accounting research, directly and indirectly, than any other article during the second half of the twentieth century. Since that time, his innovative research has focused on issues that bridge accounting and finance, including the relationships between net profit reports and the stock market, the long-run performance of acquiring firms, statutory sanctions and voluntary corporate disclosure, and the politics and future of national accounting standards to name a few.
This volume brings together the greatest hits of Brown’s career, including several articles that were published in out-of-the-way places, for easier use by students and researchers in the field. With a foreword written by Stephen A. Zeff, and an introduction that discusses the evolution of Brown’s research interests and explains the context for each of the essays included in the volume, this book offers the reader a unique look inside this remarkable 50-year career.
TABLE OF CONTENTS
part I|98 pages
Returns and Earnings
chapter 4|13 pages
The Informational Content of Quarterly Earnings
part II|82 pages
Miscellaneous Issues
part III|176 pages
Standard-Setting and Regulation
chapter 14|9 pages
Global Harmonisation of Accounting Standards
chapter 17|36 pages
Achieving High Quality, Comparable Financial Reporting
part IV|35 pages
In Theory