Marketing Based Accounting Research

Course Outline:
Introduction (Pert. 1)

Brown. P. 2001. “Capital Markets-Based Research in Accounting: An Introduction

Kothari. S.P. 2001. “Capital Markets Research in Accounting. Journal of Accounting and Economics, 31, p.105-231.

Baruch Lev dan James A. Ohlson (1979).”Market-Based Empirical Research in Accounting: A Review, Interpretation, and Extention
Does Accounting Matter? Relations between Accounting Earnings and Stock Returns (Pert. ke 2)


Ball, R., and P. Brown. 1968. "An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research 6(2): 159-178.

Kothari, S. P., and R. Sloan. 1992. "Information in Prices About Future Earnings." Journal of Accounting and Economics 15(2-3): 143-172.
Measuring the Relation between Accounting Earnings and Stock Returns (Pert. ke 3)

Collins, D., and S. P. Kothari. 1989. "An Analysis of Intertemporal and Cross-Sectional Determinants of Earnings Response Coefficients." Journal of Accounting and Economics 11: 143-181.

Liu, J., and J. Thomas. 2000. "Stock Returns and Accounting Earnings." Journal of Accounting Research 38(1): 71-102.
Accounting-Based Valuation: The Residual Income Valuation Model (Pert. ke 4)

Ohlson, J. 1995. "Earnings, Book Values, and Dividends in Security Valuation." Contemporary Accounting Research 11(2): 661-687.

Dechow, P., A. Hutton, and R. Sloan. 1999. “An Empirical Assessment of the Residual Income Valuation Model,” Journal of Accounting and Economics 26:1-34.
Accounting-Based Valuation: Fundamental Analysis (Pert. ke 5)

Lev, B. and S. R. Thiagarajan. 1993. “Fundamental Information Analysis,” Journal of Accounting Research 31(2): 190-215.

Abarbanell, J., and B. Bushee. 1997. “Fundamental Analysis, Future Earnings and Stock Prices.” Journal of Accounting Research 35: 1-24.
Evidence Regarding Efficiency of Stock Prices With Respect to Accounting Information (Pert. ke 6)

Fama, E., and K. French. 1996. "Multifactor Explanations of Asset Pricing Anomalies." Journal of Finance 51(1): 55-84.

Sloan, R. 1996. "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?" The Accounting Review 71(3): 289-315.
Strategic Financial Reporting: Analysts' Role as Information Providers (Pert. ke 7)

Abarbanell, J. 1991. "Do Analysts' Earnings Forecasts Incorporate Information in Prior Stock Changes?" Journal of Accounting and Economics 14: 147-165.

Plumlee, M. 2003. "The Effect of Information Complexity on Analysts' Use of that Information." The Accounting Review 78(1): 275-296.
Mid-Term Examination (Pert. ke 8)
Strategic Financial Reporting: Disclosure choices (Pertemuan ke 9)

Healy, P., and K. Palepu. 2001. "Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature." Journal of Accounting and Economics 31: 405-440.

Skinner, Douglas. 1994. "Why Firms Voluntarily Disclose Bad News." Journal of Accounting Research 32(1): 38-61.
Strategic Financial Reporting: Disclosure choices, continued (Pert. ke 10)

Botoson, C., and M. Plumlee. 2002. "A Re-Examination of Disclosure Level and Expected Cost of Equity Capital." Journal of Accounting Research 40(1): 21-40.

Schrand, Catherine, and Beverly Walther. 2000. "Discretionary Reporting of Earnings Components." The Accounting Review 75(2).
Strategic Financial Reporting: Earnings Management (Pert. ke 11)


BACKGROUND READING: Healy, Paul, and James Wahlen. 1999. "A Review of the Earnings Management Literature and its Implications for Standard Setting." Accounting Horizons 13(4): 365-383.

Dechow, P., R. Sloan, and A. Sweeney. 1995. "Detecting Earnings Management." The Accounting Review 70(2): 193-225.
Strategic Financial Reporting: Earnings Management, continued (Pert. ke 12)


Bartov, E., D. Givoly, and C. Hayn. 2002. "The Rewards to Meeting or Beating Earnings Expectations." Journal of Accounting and Economics 33(2): 173-204.

Moehrle, S. 2002. "Do Firms Use Restructuring Charge Reversals to Meet Earnings Targets?" The Accounting Review 77(2): 397-414.

Management Compensation (Pert. ke 13)

Ittner., Lacker, and Rajan. 1997. The Choice of Performance Measures in Annual Bonus Contract. The Accounting Review 72(2): 231-255

Healy, P. 1985. Bonus Scheme. Journal of Accounting Research
Accounting Choice - Positive Accounting Theory (Pert. ke 14)

Watts, R., and J. Zimmerman. 1990. "Positive Accounting Theory: A Ten-Year Perspective." The Accounting Review 65(1): 131-156.

Fields, T., T. Lys, and L. Vincent. 2001. "Empirical Research on Accounting Choice." Journal of Accounting and Economics 31: 255-307.
Methodological Issues and Miscellaneous (Pert. ke 15)


Payne, J., and W. Thomas. 2003. "The Implications of Using Stock-Split Adjusted I/B/E/S Data in Empirical Research." The Accounting Review 78(4): 1049-1068.

Bhojraj, S., C. Lee, and D. Oler. 2002. "What's My Line? A Comparison of Industry Classification Schemes for Capital Market Research." Journal of Accounting Research 41(5): 745-774.
Final Term Examination (Pert. ke 16)