Bainton, B 1999, Commercial Computing Using Microsoft Office.
Pazmandy, G 1999, Business Modelling, 5, Tekniks Publications, Vaucluse, NSW.
Whittred, G, Zimmer, I & Taylor, SL 1999, Financial accounting: Incentive effects and economic consequences, 5, Harcourt Brace, Sydney.
Wieder, B 1999, Kosten- und Erloesrechnung im Marketing-Accounting - ein integriertes Konzept des internen Rechnungswesens, Gabler/DUV, Wiesbaden, Germany.
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Cost and Revenue Accounting in the Marketing Accounting Concept - An Integrated Approach
Eddey, PH & Taylor, SL 1999, 'Directors’ Recommendations on Takeover Bids and the Management of Earnings: Evidence from Australian Takeovers', Abacus, vol. 35, no. 1, pp. 29-45.
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This article investigates whether Australian companies manage their earnings during takeover bids in a manner consistent with the earnings‐management hypothesis. This hypothesis predicts that directors who reject a bid use accrual accounting to increase current earnings, supporting their claim that the bid, relative to earnings, is inadequate. Likewise, directors who accept a bid are predicted to use accrual accounting to decrease current earnings. Overall, the results are not consistent with the earnings‐management hypothesis. However, some components of unexpected accruals (our proxy for managed earnings) change in the direction predicted by the earnings‐management hypothesis, although these changes are not statistically significant. Using industry adjusted performance measures the conclusion is that unexpected accruals are primarily a manifestation of poor financial performance of target firms in the period leading up to the takeover bid.
Lam, PHL & Tong, WHS 1999, 'Interdaily Volatility in a Continuous Order‐Driven Market', Journal of Business Finance & Accounting, vol. 26, no. 7-8, pp. 1013-1036.
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Since Amihud and Mendelson (1987) documented a higher open‐to‐open return volatility compared to close‐to‐close return volatility in the US market, there have been various explanations offered, such as call auction opening, a long halt of trade, and specialist systems. No consensus has been reached so far. As an order‐driven dealership market, the Hong Kong stock market provides another dimension for examination. If halt of trade is the major cause of the open‐to‐open volatility in the Hong Kong market, this volatility should also be higher. This is not observed. Positive autocorrelation of the open‐to‐open return series also suggests that there is no temporary price deviation at market opening. We view these as consistent with the specialist argument put forth by Stoll and Whaley (1990).
Lee, PJ, Stokes, DJ, Taylor, SL & Walter, TS 1999, 'The Association Between Audit Quality, Accounting Disclosures and Firm-Specific Risk: Evidence from the Australian IPO Market', Journal of Accounting and Public Policy, vol. 22, no. 5, pp. 377-400.
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In an environment where expected litigation costs were relatively low and the provision of forward-looking accounting information was voluntary (Australia), we show that IPO firms voluntarily providing an earnings forecast within the offer document are significantly more likely to use a high quality auditor, consistent with the signaling role of auditor attestation being at least partially dependent on the extent of voluntary, audited disclosures. Any trade-off between auditor choice with either firm risk or retained ownership is confined to smaller IPOs and/or those using less prestigious underwriters, which are also those where support for the signaling role of auditors (and voluntary disclosure) is evident using a valuation model. Our results highlight the failure of 'stylised' signaling models such as [Datar et al. (1991); Hughes (1986)] to recognize extensive interaction between various mechanisms, resulting in multiple signaling equilibria. © 2003 Elsevier Inc. All rights reserved.
Lee, PJ, Taylor, SL & Walter, TS 1999, 'IPO underpricing explanations: Implications from investor application and allocation schedules', JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, vol. 34, no. 4, pp. 425-444.
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Wieder, B 1970, 'ERP-software integration at Australian universities - Recent developments in integrated business education', 10th Annual Conference of the Computers in Teaching Initiative (CTI), Centre for Accounting Finance and Management, Brighton, UK.
Wieder, B 1970, 'Mangement of information systems - Recent developments and issues in ERP-software integration and integrated business education at universities, IV', CEMS Academic Conference 'Management in the Economic & Monetary Union (EMU)', Barcelona, Spain.
Wieder, B 1970, 'Revenue accounting in a united, but heterogeneous market - An integrated marketing-accounting approach, IV', CEMS Academic Conference 'Mangement in the Economic & Monetary Union (EMU)', Barcelona, Spain.