In the era of globalization and international trade, the production-based CO2 emissions accounting system, proposed by United Nations Framework Convention on Climate Change, can easily lead to a “carbon leakage” issue. Thus, the accounting of consumption-based carbon emissions and carbon emissions embodied in international trade has received considerable research attention. Nevertheless, resear...

this study determined the value relevance of assets and liabilities after the adoption of ifrs among listed nigerian firms. ohlson model (1995) model of stock price regressions tested the relationship between assets and liabilities with the stock price, which has been widely adopted by accounting researchers. a sample of 126 firms listed in nigeria stock market is used for the study. data is co...

This paper investigates the value-relevance of earnings and book value over 20 years of institutional transition in China, from 1991 to 2010, and explores the suitability of Fair Value Accounting (FVA) in the emerging capital market. In contrast to findings in the mature market, we find that the combined value-relevance of earnings and book value of listed firms in China has significantly incre...

Accounting for intangibles 2 Contents Executive Summary 3 Introduction 6 1. The macroeconomics of the knowledge economy 11 1.1 How much does the UK invest in intangible assets 11 1.2 Measuring the contribution of intangible investment to productivity 16 1.3 Macroeconomic complexities of intangible assets 21 2. Accounting for intangibles in the corporate sector 25 2.1 Identifying intangible asse...

I address the interaction between accounting conservatism and real options in both a staged investment and abandonment model. An accounting policy biased towards classifying a Good (Bad) project as Bad (Good) is conservative (aggressive). The accounting signal is optimally conservative when the ex ante unconditional expected terminal value is less than the second investment (staged investment) ...

This paper identifies potential data problems of using accounting databases. To examine data errors, two commonly used accounting databases -Value Line and Compustat are compared in their qualitative and quantitative features. Data is examined using seven variables over a period of eleven years. Differences found in the data for 1981 are further analyzed by comparing sample data to figures dire...