McGladrey Institute of Accounting Education and Research

Working Papers

Selected working papers and reprints issued by the McGladrey Institute are available in electronic form as indicated below. Print copies of working papers and article reprints also are available. Requests may be mailed to McGladrey Institute of Accounting Education and Research, Tippie College of Business, W262 Pappajohn Business Building, University of Iowa, Iowa City, IA 52242, or emailed to mcg-inst@uiowa.edu.

Entries marked "Revised" replace drafts formerly listed by the institute. Unless otherwise indicated, authors are from the University of Iowa. The link to the left of each paper will open an Adobe Acrobat (.pdf) file containing the manuscript.

2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999

2005
05-06 Cristi A. Gleason (University of Iowa) Nicole Thorne Jenkins (Washington University) and W. Bruce Johnson (University of Iowa) "Financial Statement Credibility: The Contagion Effects of Accounting Restatements" 2005.
05-05 Cristi A. Gleason (University of Iowa) Lillian F. Mills (University of Arizona) "Evidence of Differing Market Responses to Meeting or Beating Targets Through Tax Expense Management" 2005.
05-04 Mary Margaret Frank (University of Virginia) Luann J. Lynch (University of Virginia) Sonja Olhoft Rego (University of Iowa) "Does Aggressive Financial Reporting Accompany Aggressive Tax Reporting (and Vice Versa)?" 2005.
05-03 Mary Margaret Frank (University of Virginia) Sonja Olhoft Rego (University of Iowa) "Do Managers Use the Valuation Allowance Account to Manage Earnings Around Certain Earnings Targets?" 2005.
05-02 Daniel W. Collins (University of Iowa), Oliver Z. Li (University of Notre Dame) Hong Xie (University of Illinois at Urbana-Champaign) "What Drives the Increased Informativeness of Earnings Announcements over Time?" 2005.
05-01 Hollis Ashbaugh-Skaife (University of Wisconsin-Madison), Daniel Collins (University of Iowa), William Kinney (University of Texas-Austin) "The Discovery and Consequences of Internal Control Deficiencies Prior to SOX-Mandated Audits" 2005.
top2004
04-09 Abe de Jong (Erasmus University Rotterdam), Douglas V. DeJong, Gerard Mertens (Erasmus University Rotterdam), Peter Roosenboom (Erasmus University Rotterdam) "Royal Ahold: A Failure of Corporate Governance" 2004.
04-08 Andreas Blume (University of Pittsburgh), Douglas V. DeJong, Michael Maier "Learning Strategic Sophistication" 2004.
04-07 Haidan Li, Morton Pincus, Sonja Olhoft Rego "Market Reaction to Events Surrounding the Sarbanes-Oxley Act of 2002" 2004.
04-06 Hollis Ashbaugh (University of Wisconsin-Madison), Daniel W. Collins, Ryan LaFond (University of Wisconsin-Madison) "Corporate Governance and the Cost of Equity Capital" 2004.
04-05 Amy Dunbar (University of Connecticut), John Phillips (University of Connecticut), Sonja Olhoft Rego "The Impact of the Bonus Depreciation Rules on the Ability of Deferred Tax Expense and Accrual-Based Measures to Detect Earnings Management Activities" 2004.
04-04 Mary Margaret Frank (University of Virginia), Luann J. Lynch (University of Virginia), Sonja Olhoft Rego "Does Aggressive Financial Reporting Accompany Aggressive Tax Reporting (and Vice Versa)?" 2004.
04-03 Andreas Blume (University of Pittsburgh), Douglas V. DeJong, Michael Maier "Cognition in Spatial Dispersion Games" 2004.
04-02 Mary Margaret Frank (University of Virginia), Sonja Olhoft Rego "Do Managers Use the Valuation Allowance Account to Manage Earnings Around Certain Earnings Targets?" 2004.
04-01 Hollis Ashbaugh (University of Wisconsin-Madison), Daniel W. Collins, Ryan LaFond (University of Wisconsin-Madison) "The Effects of Corporate Governance on Firms' Credit Ratings" 2004.
top2003
03-21 Joyce Berg, Forrest Nelson, Thomas Rietz "Accuracy and Forecast Standard Error of Prediction Markets" July 2003.
03-20 Ramji Balakrishnan, Naomi Soderstrom (University of Colorado at Boulder), Michael Peterson (Arizona State University) "Does Capacity Utilization Affect the 'Stickiness' of Cost?" 2003.
03-19 Ramji Balakrishnan, Naomi Soderstrom (University of Colorado at Boulder), Michael Peterson (Arizona State University) "Spending Patterns Under Global Budgets: Evidence from U.S. Army Hospitals" 2003.
03-18 Joyce Berg, J. Dickhaut, K. McCabe "Risk Preference Instability Across Institutions: A Dilemma" 2003.
03-17 Bruce Johnson, Shibin Xie "Cross-Sectional Difference in the Performance of the Residual Income Valuation Model" 2003.
03-16 Haidan Li "Employee Stock Options, Residual Income Valuation and Stock Price Reaction to SFAS 123 Footnote Disclosures" 2003.
03-15 Haidan Li, R. Atiase, S. Supattarakul, S. Tse "Market Reaction to Multiple Contemporaneous Earnings Signals: Earnings Announcements and Future Earnings Guidance" 2003.
03-14 Sonja Rego, M.M. Frank "Do Managers Use the Valuation Allowance Account to Manage Earnings Around Certain Earnings Targets? " 2003.
03-13 Richard Tubbs, M. Peecher, J. Rich "Determinants of the Perceived Quality of Audit Teams' Judgements" 2003.
03-12 Gary Fethke "On the Optimal Timing and Pattern of Earnings Announcements" 2003.
03-11 Cristi Gleason "Evidence of Differing Market Responses to Managed and Unmanaged Earnings" 2003.
03-10 Cristi Gleason, L. Mills "Evidence of Differing Market Responses to Managed and Unmanaged Earnings" 2003.
03-09 Bruce Johnson, Ramji Balakrishnan, K. Sivaramakrishnan "Fallen Angels: The Market Response to Earnings Disappointments Following a Sustained Period of Meeting Analysts' Expectations" 2003.
03-08 Bruce Johnson, Paul Hribar, Nicole Jenkins "Stock Repurchases as an Earnings Management Device" 2003.
03-07 Albert Schepanski "The Coding of Outcomes in Taxpayers' Reporting Decisions" 2003.
03-06 Robert J. Ramsay (University of Kentucky), Richard M. Tubbs "Analysis of Diagnostic Tasks in Accounting Research" 2003.
03-05 Dan Collins "The Information Content of GAAP versus Street Earnings: Evidence from Trading Volume" 2003.
03-04 Haidan Li, Morton Pincus, Sonja Rego "Market Reaction to Events Surrounding the Sarbanes-Oxley Act of 2002: Impact as a Function of Extent of Earnings Management and Effectiveness of Audit Committees" 2003.
03-02 John Phillips (University of Connecticut), Morton Pincus, Sonja Rego, Huishan Wan "Decomposing Changes in Deferred Tax Assets and Liabilities to Isolate Earnings Management Activities" September 2003.
03-01 Joyce Berg, John Dickhaut (University of Minnesota), Thomas Rietz "Preference Reversals and Induced Risk Preferences: Evidence for Noisy Maximization" January 2003.
top2002
02-26 Ramji Balakrishnan, Shyam Sunder (Yale University),
K. Sivaramakrishnan
(Texas A&M University) "Granularity, Time dimensions and Control of Economic Resources" 2002.
02-25 Ramji Balakrishnan, Krishnamurthy Surysekar (Florida International University), K. Sivaramakrishnan (Texas A&M University) "Short-term Contracts, Long-term Actions and Information System Design" 2002.
02-24 Ramji Balakrishnan, Michael Petersen (Arizona State University), Naomi Soderstrom (University of Colorado at Boulder) "On the Behavior of Labor Costs in Therapy Clinics" 2002.
02-23 Daniel W. Collins, Guojin Gong, Paul Hribar (Cornell University) "Investor Sophistication and the Mispricing of Accruals" 2002.
02-22 Morton Pincus, Shrivaram Rajgopal (Duke University),
Mohan Venkatachalam
(Duke University) "The Accruals Anomaly: International Evidence" 2002.
02-21 Sonja Rego "Tax Avoidance Activities of U.S. Multinational Corporations" 2002.
02-20 Richard Sansing (Dartmouth College), Robert Yetman "Prudent Stewards or Pyramid Builders? Distribution Policies of Private Foundations" 2002.
02-19 Tom Omer, Robert Yetman "Near-Zero Taxable Income Reporting by Nonprofit Organizations" 2002.
02-18 Tom Omer, Robert Yetman "Taxable Income Management by Nonprofit Organizations" 2002.
02-17 Robert Yetman "Nonprofit Taxable Activities, Production Complementarities, and Joint Cost Allocations" 2002.
02-16 Robert Yetman "Determinants of the Taxable Activities of Nonprofit Organizations" 2002.
02-15 Morton Pincus, John Phillips (University of Connecticut), Sonja Rego "Earnings Management: New Evidence Based on Deferred Tax Expense" October 2002.
02-14 Douglas V. DeJong, Andreas Blume (University of Pittsburgh),
Aaron Lowen, George Neumann, N.E. Savin
"Learning and Experiments: The Bootstrap to The Rescue" September 2002.
02-13 Haidan Li, Robert Freeman (University of Texas at Austin), Adam Koch (Carnegie Mellon University) "Do Firm-Specific ERCs Help Explain Price Responses to Earnings News?" September 2002.
02-12 Scott Vandervelde (University of South Carolina), Richard Tubbs, Albert Schepanski, William F. Messier, Jr. (Georgia Sate University) "Experimental tests of a descriptive theory of auditee risk assessment" September 2002.
02-11 Michelle Yetman, Mark Lang (University of North Carolina),
Jana Raedy
(University of North Carolina) "How Representative Are Firms That Are Cross Listed in the United States? An Analysis of Accounting Quality" September 2002.
02-10 Joyce Berg, Thomas Rietz "Prediction Markets As Decision Support Systems" August 2002.
02-09 Joyce Berg, John Dickhaut (University of Minnesota), Thomas Rietz "Preference Reversals: The Impact of Truth Revealing Incentives" July 2002.
02-08 Michelle Yetman, Steve Huddart (Pennsylvania State University), Mark Lang (University of North Carolina) "Psychological Factors, Stock Price Paths, and Trading Volume" June 2002.
02-07 Michelle Yetman, Ranjani Krishnan (Michigan State University), Robert Yetman "Financial Disclosure Management by Nonprofit Organizations" June 2002.
02-06 Douglas V. DeJong, Abe de Jong (Erasmus University Rotterdam), Gerard Mertens (Nyenrode University), Charles Wasley (University of Rochester) "The Role of Self-Regulation in Corporate Governance: Evidence from the Netherlands" May 2002.
02-05 Thomas Gruca, Joyce Berg, Michael Cipriano "The Effect of Electronic Markets on Forecasts of New Product Success" April 2002.
02-04 Wayne Landsman (University of North Carolina), Doug Shackelford (University of North Carolina), Robert Yetman "The Determinants of Capital Gains Tax Compliance: Evidence from the RJR Nabisco Leveraged Buyout" April 2002.
02-03 Joyce Berg, John Dickhaut (University of Minnesota), Thomas Rietz "Diminishing Preference Reversals by Inducing Risk Preferences" February 2002. Replaced by 03-01.
02-02 Joyce Berg, Thomas Rietz "Longshots, Overconfidence and Efficiency on the Iowa Electronic Market" January 2002.
02-01 Michelle Yetman, Robert Yetman "The Effect of Nonprofits' Taxable Activities on the Supply of Private Donations" January 2002.
top2001
01-14 Ramji Balakrishnan, Bruce W. Johnson, K. Sivaramakrishnan (Texas A&M University) "Fallen Angels: Market Response to Earnings Disappointment following a Sustained Period of Meeting Expectations" 2001.
01-13 Daniel W. Collins, Paul Hribar (Cornell University), Michael Cipriano (Roanoke College) "An Empirical Analysis of the Tax Benefit from Employee Stock Options" 2001.
01-12 Joyce Berg, Forrest Nelson, Thomas Rietz "Accuracy and Forecast Standard Error of Prediction Markets" November 2001.
01-11 Michelle Yetman "Accounting-Based Value Metrics and The Informational Efficiency of IPO Market Prices" November 2001.
01-10 Douglas V. DeJong, Andreas Blume (University of Pittsburgh),
Yong-Gwan Kim
(Sung Kyun Kwan University), Geoffrey B. Sprinkle (Indiana University) "Evolution of Communication with Partial Common Interest" October 2001.
01-09 Douglas V. DeJong, Andreas Blume (University of Pittsburgh),
George Neumann, N.E. Savin
"Learning and Communication in Sender-Receiver Games: An Econometric Investigation" August 2001.
01-08 Robert Ramsay (University of Kentucky), Richard Tubbs "Analysis of Diagnostic Tasks in Accounting Research" July 2001.
01-07 Robert Yetman "Tax Motivated Expense Allocations by Not-for-Profit Organizations" July 2001.
01-06 Joyce Berg, Robert Forsythe, Forrest Nelson and Thomas Rietz "Results from a Dozen Years of Election Futures Markets Research" May 2001.
01-05 Albert Schepanski "The Coding of Outcomes in Taxpayer Reporting Decisions" May 2001.
01-04 Douglas V. DeJong, Abe de Jong (Erasmus University Rotterdam), Gerard Mertens (Nyenrode University), Charles Wasley (University of Rochester) "Corporate Governance in the Netherlands: the Impact of the Peters Committee" April 2001.
01-03 Douglas V. DeJong, Abe de Jong (Erasmus University Rotterdam), Gerard Mertens (Nyenrode University), Charles Wasley (University of Rochester) "Corporate Governance in the Netherlands: Governance and Performance" March 2001.
01-02 Douglas V. DeJong, Abe de Jong (Erasmus University Rotterdam), Gerard Mertens (Nyenrode University), Charles Wasley (University of Rochester) "Shareholders Win?" February 2001.
01-01 John Phillips, Morton Pincus, Sonja Olhoft. "Earnings Management: New Evidence Based on Firms' Tax Footnote Disclosures."
 
top2000
00-13 Daniel W. Collins, Michael Cipriano (Roanoke College),
Lowrence Revsine
(Northwestern University) "SFAS No. 132 and Disclosure Effectiveness: An Examination." 2000.
00-12 Bruce W. Johnson, William C. Schwartz Jr. (University of Arizona) "Evidence that Capital Markets Learn from Academic Research: Earnings Surprises and the Persistence of Post-Announcement Drift" December 2000.
00-11 Bruce W. Johnson, William C. Schwartz Jr. (University of Arizona) "Are Investors Misled by "Pro Forma" Earnings?" December 2000.
00-10 Chul W. Park (Hong Kong University of Science and Technology), Morton Pincus "Market Reactions to Changes in Analyst Consensus Recommendations Following Quarterly Earnings Announcements," October 2000.
00-09 Chul W. Park (Hong Kong University of Science and Technology), Morton Pincus "A Reexamination of the Incremental Information Content of Capital Expenditures," July 2000. Revised.
00-08 Shivaram Rajgopal (University of Wisconsin), Morton Pincus "The Interaction of Accrual Management and Hedging: Evidence from Oil and Gas Firms," December 2000.
00-07 Daniel W. Collins, Paul Hribar "Errors in Estimating Accruals: Implications for Empirical Research," September 2000. Revised.
00-06 Daniel W. Collins, Paul Hribar "Errors in Estimating Accruals: Implications for Empirical Research," July 2000. Replaced by 00-07.
00-05 Robert Ramsay (University of Kentucky), Richard Tubbs "Measurement of Diagnostic Accuracy in Accounting Research," July 2000.
00-04 Chul W. Park (Hong Kong University of Science and Technology), Morton Pincus "A Reexamination of the Incremental Information Content of Capital Expenditures," May 2000. Replaced by 00-09.
00-03 Hollis Ashbaugh (University of Wisconsin-Madison), Morton Pincus "Domestic Accounting Standards, International Accounting Standards, and the Predictability of Earnings," April 2000.
00-02 Chul W. Park (Hong Kong University of Science and Technology),
Morton Pincus "Internal Versus External Equity Funding Sources and Earnings Response Coefficients," March 2000. Revised.
00-01 Shivaram Rajgopal (University of Washington), Morton Pincus "The Interaction of Accounting Policy Choice and Hedging: Evidence from Oil and Gas Firms," February 2000.
 
top1999
99-07 Sonya Rego "Multinational Income Shifting and the Endogenous Relationship between Firm Profitability and Effective Tax Rates" 1999.
99-06 Douglas V. Dejong, Andreas Blume (University of Pittsburgh),
Geoffrey B. Sprinkle
(Indiana University) "Effect of Message Space Size on Learning and Outcomes in Sender-Receiver Games" December 1999.
99-05 Joyce Berg, John Dickhaut (University of Minnesota),
Thomas Rietz
"On the Performance of the Lottery Procedure for Controlling Risk" July 1999.
99-04 Chul W. Park (Hong Kong University of Science and Technology), Morton Pincus "A Reexamination of the Incremental Information Content of Capital Expenditures," October 1999. Replaced by 00-04.
99-03 Daniel W. Collins, Paul Hribar "Earnings-Based and Accrual-Based Market Anomolies: One Effect or Two?" August 1999.
99-02 Chul W. Park (Hong Kong University of Science and Technology),
Morton Pincus
"Internal Versus External Equity Funding Sources and Earnings Response Coefficients," April 1999. Replaced by 00-02.
99-01 W. Bruce Johnson, D. Shores (University of Washington Business School) "Accounting Defects, Financial Statement Credibility, and Equity Valuation," January 1999.