000			02005nab a2200217 a 4500
999			_c199699 _d199699
003			OSt
005			20200226102058.0
008			200203s2015 xxu|||||r|||| 00| 0 eng d
040			_aCO-BoUGC _cCO-BoUGC
100	1		_aPeterson, Kyle _9177960
245	1	4	_aThe earnings quality and information processing effects of accounting consistency _cKyle Peterson, Roy Schmardebeck & T. Jeffrey Wilks
300			_aPáginas 2483 a la 2514
520	3		_aWe specify measures of accounting consistency both across time and across firms based on the textual similarity of accounting policy footnotes disclosed in 10-K filings. We first examine how these measures relate to earnings quality. Accounting consistency over time is positively associated with a number of earnings quality proxies, including earnings persistence, predictability, accrual quality, and absolute discretionary accruals. We also find that lower consistency relative to other firms in the industry is associated with larger absolute accrual model residuals. Finally, we examine the information processing effects of accounting consistency. We find that greater accounting consistency in the time-series and the cross-section is associated with lower information asymmetry, as proxied by bid-ask spread and illiquidity. Greater cross-sectional consistency is also associated with greater analyst coverage, more accurate analyst forecasts, decreased dispersion in analyst forecasts, and stronger stock return synchronicity.
650	1	4	_9178293 _aContabilidad _vPublicaciones seriadas _xLegislación _zEstados Unidos
650	2	4	_aPronóstico de la economía _zEstados Unidos _vPublicaciones seriadas _9178694
690			_aInformación asimétrica _9177017
700	1		_aSchmardebeck, Roy _9178695
700	1		_aWilks, T. Jeffrey _9178696
773	0		_082265 _9370852 _aThe accounting review 2015 V.90 No. 6 (Nov) _o0000002031098 _x0001-4826 (papel) _h32 páginas _nIncluye tablas, figuras, referencias bibliográficas y apéndices
942			_2ddc _cART