We study the intertemporal properties of conservatism with a focus on managerial incentives. In our main model, conservatism results in smaller expected payouts to the manager (agent) in early periods and larger expected payouts in later periods. Conservatism shifts (ambiguous) evidence that might be used to recognize good performance in early periods to later periods. In later periods, good pe...

artificial immune systems (ais) can be defined as soft computing systems inspired by immune system of vertebrates. immune system is an adaptive pattern recognition system. ais have been used in pattern recognition, machine learning, optimization and clustering. feature reduction refers to the problem of selecting those input features that are most predictive of a given outcome; a problem encoun...

The Biological Immune System is a remarkable information processing and self-learning system that offers stimulation to build Artificial Immune System (AIS).During the last two decades, the field of AIS is progressing slowly and steadily as a branch of Computational Intelligence (CI). At present the AIS algorithms such as Negative Selection Theory, Clonal Selection Theory, Immune Networks Theor...

We examine IPO underpricing, valuation, and wealth allocation in relation to investor sentiment, information asymmetry, and underwriter reputation. We find that underpricing is significantly higher for overvalued IPOs than for undervalued IPOs, and is positively correlated to investor sentiment. Information asymmetry is also positively correlated to the magnitude of underpricing but only for un...


 This study aims to analyze factors that affect entrepreneurs of micro, small and medium enterprises (MSME) intention use accounting information systems (AIS). research model is based on theory flow which analyzes attitude towards AIS Use, Perceived Enjoyment Concentration as behavioral its impact actual usage. Analysis data uses Partial Least Square (PLS) Structural Equation Modeling (SE...

This paper presents a contribution to the debates surrounding the culpability of accounting in the recent financial crisis. It adopts a Marxist theoretical perspective concentrating mainly on Marx’s work on fictitious capital. Fictitious capital is any form of investment (for example bonds, stocks, derivatives, and collateralized debt obligations) which is based upon the expectation of future r...

‘Racial’ disparities among cancers, particularly of the breast and prostate, are something of a mystery. For the US, in the face of slavery and its sequelae, centuries of interbreeding has greatly leavened genetic differences between ‘Blacks’ and ‘whites’, but marked contrasts in disease prevalence and progression persist. ‘Adjustment’ for socioeconomic status and lifestyle, while statistically...

Generally Accepted Accounting Principles (GAAP) provide the basis for measuring, valuing, and presenting financial information to investors and creditors. The Financial Accounting Standards Board (FASB) promulgates GAAP through its Statements of Financial Accounting Standards (SFAS). To guide its thinking in the promulgation of SFAS, the FASB employs as conceptual framework, called Qualitative ...