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BİLGİYE ERİŞİM MERKEZİ’NE YENİ GELEN YAYINLAR:
Türkçe Kitap Ve Süreli Yayınlar
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Resmi Gazete
YÜRÜTME VE İDARE BÖLÜMÜ
BAKANLAR KURULU KARARLARI
2008/13730 Millî Savunma Bakanlığınca Düzenlenen Hizmet İçi Eğitim, Kurs ve Seminer Faaliyetlerinde Ücretle
Okutulacak Ders Saatlerinin Sayısı, Ders Görevi Alacakların Nitelikleri ve Diğer Hususların Tespitine İlişkin
Karar
2008/13731 “Çankırı İçmesuyu Projesi”nin Kısımlarından, Ana İsale Hattı 1. Kısım İnşaatı Kapsamındaki Bazı
Taşınmazların Devlet Su İşleri Genel Müdürlüğü Tarafından Acele Kamulaştırılması Hakkında Karar
BAKANLIĞA VEKÂLET ETME İŞLEMİ
— Dışişleri Bakanlığına, Devlet Bakanı Mehmet AYDIN’ın Vekâlet Etmesine Dair Tezkere
DANIŞTAY ÜYELİĞİNE SEÇME KARARI
— Danıştay Üyeliğine, Başbakanlık Kanunlar ve Kararlar Genel Müdürü Yüksel ÖZTÜRK’ün Seçilmesine Dair Karar
(No: 2008/23)
YÖNETMELİKLER
2008/13709 Devlet Memurlarının Yer Değiştirme Suretiyle Atanmalarına İlişkin Yönetmelikte Değişiklik Yapılmasına
Dair Yönetmelik
— Bitlis Eren Üniversitesi Ön Lisans ve Lisans Eğitim-Öğretim ve Sınav Yönetmeliğinde Değişiklik Yapılmasına Dair
Yönetmelik
— Hacettepe Üniversitesi Lisansüstü Eğitim-Öğretim ve Sınav Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik
YARGI BÖLÜMÜ
YÜKSEK SEÇİM KURULU KARARI
— Yüksek Seçim Kurulunun 7/6/2008 Tarihli ve 197 Sayılı Kararı
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Yabancı Kitap Ve Süreli Yayınlar
Print ISSN: 0001-4826 | Electronic ISSN: 1558-7967
The Accounting Review
Consequences of GAAP Disclosure Regulation: Evidence from
Municipal Debt Issues
Abstract text
We compare characteristics of municipal debt issues in states that mandate GAAP for
municipalities with issues in states that impose no annual financial disclosure requirements.
Cross-sectional comparisons indicate that the use of public (versus private) debt is greater, and
municipal debt costs are 14 to 25 basis points lower, in states where GAAP is mandated.
Moreover, municipalities in states that impose the GAAP requirement realize lower debt costs
following the effective date of the regulation. These results suggest that GAAP requirements
reduce municipal borrowing costs. More generally, the evidence indicates that financial
reporting regulation reduces contracting costs between borrowers and lenders.
International GAAP Differences: The Impact on Foreign
Analysts
Author(s): Kee-Hong Bae1, | Hongping Tan2, | Michael Welker1
Fair Value Accounting for Liabilities and Own Credit Risk
Authors: Mary E. Barth, Leslie D. Hodder and Stephen R. Stubben
Page start: 629
Internal Control Weaknesses and Information Uncertainty
Authors: Messod Daniel Beneish, Mary Brooke Billings and Leslie D. Hodder
Page start: 665
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Abstract text
We analyze a sample of 330 firms making unaudited disclosures required by Section 302 and
383 firms making audited disclosures required by Section 404 of the Sarbanes-Oxley Act. We
find that Section 302 disclosures are associated with negative announcement abnormal returns
of −1.8 percent, and that firms experience an abnormal increase in equity cost of capital of 68
basis points. We conclude that Section 302 disclosures are informative and point to lower
credibility of disclosing firms' financial reporting. In contrast, we find that Section 404
disclosures have no noticeable impact on stock prices or firms' cost of capital. Further, we find
that auditor quality attenuates the negative response to Section 302 disclosures and that
accelerated filers—larger firms required to file under Section 404—have significantly less
negative returns (−1.10 percent) than non-accelerated filers (−4.22 percent). The findings have
implications for the debate about whether to implement a scaled securities regulation system for
smaller public companies: material weakness disclosures are more informative for smaller firms
that likely have higher pre-disclosure information uncertainty.
Stock Options, R&D, and the R&D Tax Credit
Author(s): Jennifer L. Brown1, | Linda K. Krull2
Abstract text
Two separate streams of research find evidence that firms decrease R&D spending to meet
earnings benchmarks and that the R&D tax credit increases R&D spending. However, these
studies do not consider stock option exercises by R&D employees that likely influence R&D
spending decisions because they increase R&D tax credits without reducing reported earnings.
This study extends both areas of research by incorporating R&D tax credits from stock option
exercises into the R&D spending decision. We find evidence that firms reduce R&D spending
by 0.46 percent of total assets to avoid earnings decreases, but R&D tax credits generated by
stock option exercises offset this decrease by 16 percent on average and up to 42 percent for a
fully taxable firm. The results of this study suggest that the tax benefits of R&D-related stock
option exercises are important considerations in studies that investigate myopic R&D
investment and in studies that investigate the effect of the R&D tax credit on R&D spending.
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On the Determinants of Measurement Error in Time-Driven
Costing
Print ISSN: 0001-4826 | Electronic ISSN: 1558-7967 Volume: 83 | Issue: 3 Cover date: May
2008Page(s): 735-756
Although employees' time estimates are used extensively for costing purposes, they are prone
to measurement error. In an experimental setting, we research how measurement error in time
estimates varies with: (1) the level of aggregation in the definition of costing system activities
(aggregated or disaggregated); (2) task coherence (the extent to which the activities that require
time estimates present themselves coherently or incoherently); and (3) when notice is given that
time estimates will be required (in advance or after the fact), that is, whether participants know
that time estimates will be required before they perform the activities. We also test on response
mode (estimates in percentages or absolute time units). The results suggest an important tradeoff between the level of aggregation and measurement error: increasing aggregation in the
definition of activities leads to lower measurement error. Also, advance notification reduces
measurement error, especially in settings with aggregated activities or incoherent tasks. Finally,
we find a strong overestimation bias when participants provide time estimates in minutes, which
may be problematic for Time-Driven Activity-Based Costing that advocates the use of estimates
in minutes. These results are relevant to accountants and decision makers who want to assess
and control the measurement error in their costing system and to professionals in related areas
that make use of time estimates (e.g., billing, tendering).
Book Reviews
Authors: Stephen A. Zeff
Page start: 855
Placement Ads
Page start: ix
Additional Journal Content
Page start: i
Editorial Policy and Style Information
Page start: 865
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