國立虎尾科技大學 |

Accounting Policy Similarity and Active vs. Passive Institutional Investors.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Accounting Policy Similarity and Active vs. Passive Institutional Investors./
作者:	Edwards, Reginald.
面頁冊數:	1 online resource (82 pages)
附註:	Source: Dissertation Abstracts International, Volume: 79-12(E), Section: A.
Contained By:	Dissertation Abstracts International79-12A(E).
標題:	Business administration. -
電子資源:	click for full text (PQDT)
ISBN:	9780438125513

Accounting Policy Similarity and Active vs. Passive Institutional Investors.
Edwards, Reginald.

Accounting Policy Similarity and Active vs. Passive Institutional Investors. - 1 online resource (82 pages)

Source: Dissertation Abstracts International, Volume: 79-12(E), Section: A.

Thesis (Ph.D.)--University of Michigan, 2018.

Includes bibliographical references

I examine the differential effects of similarity in accounting policy disclosures by firms on investment by active and passive institutional investors. I develop a novel measure of accounting similarity based on the textual disclosure of firms' accounting policies from their annual reports. I find that, among firms with less similar textual descriptions of their accounting policies, investment by active institutions is higher than that of passive institutional investors. This suggests that these investors have a real or perceived information advantage in investing in firms with less comparable accounting. To establish causality, I use a difference-in differences approach that relies on the plausibly exogenous introduction of an accounting rule change, which is likely to decrease accounting similarity, and the rule's subsequent reversal. My paper offers novel evidence on an under-explored relation between the textual properties of accounting disclosures and investor preferences.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780438125513Subjects--Topical Terms:

1148568
Business administration.
Index Terms--Genre/Form:

554714
Electronic books.

Accounting Policy Similarity and Active vs. Passive Institutional Investors.
LDR:02233ntm a2200325Ki 4500 001 918593
005 20181026115419.5
006 m o u
007 cr mn||||a|a||
008 190606s2018 xx obm 000 0 eng d
020 $a 9780438125513
035 $a (MiAaPQ)AAI10902944
035 $a (MiAaPQ)umichrackham:001292
035 $a AAI10902944
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Edwards, Reginald. $3 1192951
245 1 0 $a Accounting Policy Similarity and Active vs. Passive Institutional Investors.
264 0 $c 2018
300 $a 1 online resource (82 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 79-12(E), Section: A.
500 $a Advisers: Raffi J. Indjejikian; Venkatesh K. Nagar.
502 $a Thesis (Ph.D.)--University of Michigan, 2018.
504 $a Includes bibliographical references
520 $a I examine the differential effects of similarity in accounting policy disclosures by firms on investment by active and passive institutional investors. I develop a novel measure of accounting similarity based on the textual disclosure of firms' accounting policies from their annual reports. I find that, among firms with less similar textual descriptions of their accounting policies, investment by active institutions is higher than that of passive institutional investors. This suggests that these investors have a real or perceived information advantage in investing in firms with less comparable accounting. To establish causality, I use a difference-in differences approach that relies on the plausibly exogenous introduction of an accounting rule change, which is likely to decrease accounting similarity, and the rule's subsequent reversal. My paper offers novel evidence on an under-explored relation between the textual properties of accounting disclosures and investor preferences.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Business administration. $3 1148568
655 7 $a Electronic books. $2 local $3 554714
690 $a 0310
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of Michigan. $b Business Administration. $3 1181140
773 0 $t Dissertation Abstracts International $g 79-12A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10902944 $z click for full text (PQDT)