Understanding financial crisis through accounting models

Bezemer, Dirk

doi:10.1016/j.aos.2010.07.002

Cited by 168 publications

(132 citation statements)

References 23 publications

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“…Barth & Landsman, 2010;Bezemer, 2010;Arnold, 2009) Arnold, 2009;Hopwood, 2009), accounting predictive power (e.g. Bezemer, 2010), the adoption of fair value as measurement basis (e.g.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…Barth & Landsman, 2010;Bezemer, 2010;Arnold, 2009) Arnold, 2009;Hopwood, 2009), accounting predictive power (e.g. Bezemer, 2010), the adoption of fair value as measurement basis (e.g. Barth & Landsman, 2010;Boyer, 2007) and the alleged improvement in the information quality with IFRS -International Financial Reporting Standards adoption (Bhimani, 2008).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

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Earnings management and economic crises in the brazilian capital market

et al. 2014

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The 2008 economic crisis challenged accounting, either demanding recognition and measurement criteria well adjusted to this scenario or even questioning its ability to inform appropriately entities' financial situation before the crisis occurred. So, our purpose was to verify if during economic crises listed companies in the Brazilian capital market tended to adopt earnings management (EM) practices. Our sample consisted in 3,772 firm-years observations, in 13 years -1997 to 2009. We developed regression models considering discretionary accruals as EM proxy (dependent variable), crisis as a macroeconomic factor (dummy variable of interest), ROA, market-to-book, size, leverage, foreign direct investment (FDI) and sector as control variables. Different for previous EM studies two approaches were used in data panel regression models and multiple crises were observed simultaneously. Statistics tests revealed a significant relation between economic crisis and EM practices concerning listed companies in Brazil in both approaches used. KEY WORDS | RAE-Revista de Administração de Empresas | FGV-EAESP

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“…Barth & Landsman, 2010;Bezemer, 2010;Arnold, 2009) Arnold, 2009;Hopwood, 2009), accounting predictive power (e.g. Bezemer, 2010), the adoption of fair value as measurement basis (e.g.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Earnings management and economic crises in the brazilian capital market

et al. 2014

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“…Dessa forma, alguém certamente acertará os acontecimentos futuros. No entanto, isso não quer dizer que o fato ocorrido fosse previsível; poderiam ter sido "chutes" aleatórios que levaram a eventuais acertos (Bezemer, 2009).…”

Section: A (Im)previsibilidade Da Criseunclassified

“…O quadro 2 é uma reprodução dos relatos coletados por Bezemer (2009) O ponto central de praticamente todos esses trabalhos foi analisar o que ocorria de fato no mercado financeiro e articular esses acontecimentos à economia real. Diversas foram as análises realizadas; dentre as mais comuns, temos a análise contábil e os fluxos de fundos.…”

Section: A (Im)previsibilidade Da Criseunclassified

A (im)previsibilidade da crise e o pluralismo da Economia

Milaré¹

2013

Rev. Econ. Polit.

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The (un)predictability of the crisis and the pluralism in Economics. This paper discusses the predictability of the last global economic crisis relating it to the lack of pluralism in Economics. In order to do so, first is presented a literature review of the development of economic theory in recent years. Then the two main views on the predictability of the crisis are presented: (1) the economic models used to understand the economy did not incorporate bubbles so, the crisis was unpredictable; and (2) the crisis was predictable when applied other methods of understanding the economy.

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“…The Head of the Federal Reserve Board, Paul Volcker, argued prophetically that the creeping repeal of the Glass-Steagall Act 'would recklessly lower loan standards and allow bad loans to be marketed to the public'-exactly what actually happened in the U.S. subprime property debacle. In fact, there exists a list of no fewer than twelve authors whose published predictions meet stringent conditions for having forecast the crisis (Bezemer 2009). …”

Section: Us Bankers Out Of Controlmentioning

confidence: 99%

Schumpeter and the end of Western Capitalism

Kingston

2013

J Evol Econ

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Understanding financial crisis through accounting models

Cited by 168 publications

References 23 publications

Earnings management and economic crises in the brazilian capital market

Earnings management and economic crises in the brazilian capital market

A (im)previsibilidade da crise e o pluralismo da Economia

Schumpeter and the end of Western Capitalism

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