Publications
- "Ratio
Analysis and Equity Valuation: From Research to Practice" (with
Stephen H. Penman), Review of Accounting Studies 6, 109-154 (2001).
- "Dividend
Changes and Future Profitability"(with Amir Ziv), Journal
of Finance 56, 2111-2134 (2001).
-
"Equity Valuation Using Multiples" (with Jing Liu and
Jacob Thomas), Journal of Accounting Research 40, 135-172 (2002).
- "Valuation
of the Debt-Tax Shield" (with Deen Kemsley), Journal of
Finance 57, 2045-2074 (2002).
- "Discussion
of the Role of Volatility in Forecasting," Review of Accounting
Studies 7, 217-227 (2002).
- "Reliability
of Banks' Fair Value Disclosure for Loans," Review of Quantitative
Finance and Accounting 20, 355-384 (2003).
- "Debt
Issue Costs and Issue Characteristics in the Market for U.S. Dollar
Denominated International Bonds" (with Arie Melnik), European
Finance Review 7, 277-296 (2003).
- “Financial Statement
Analysis of Leverage and How It Informs About Profitability and Price-to-Book
Ratios”(with Stephen Penman), Review of Accounting Studies
8, 531-560 (2003).
- "Discussion of
Reactions to Dividend Changes Conditional on Earnings Quality,"
Journal of Accounting, Auditing and Finance , 153-161 (Winter
2003).
- “The Association between
Changes in Interest Rates, Earnings and Equity Values”
(with Stephen Penman), Contemporary Accounting Research 20, 775-804
(2003).
- “Taxable Income,
Future Earnings, and Equity Values” (with Baruch Lev), The
Accounting Review 79(4), 1039-1074 (October 2004).
- "Issue
Costs in the Eurobond Market: The Effects of Market Integration”
(with Arie Melnik), Journal of Banking and Finance 30, 157-177
(2006).
- "The
Persistence of the Accruals Anomaly" (with Baruch Lev), Contemporary
Accounting Research 23(1), 193-226 (2006).
- "Is
Cash Flow King in Valuations?" (with Jing Liu
and Jacob Thomas), Financial Analysts Journal (forthcoming
March/April 2007).
- "Managerial
Discretion and the Economic Determinants of the Disclosed Volatility
Parameter for Valuing ESOs" (with Eli
Bartov and Partha Mohanram), Review
of Accounting Studies (forthcoming 12(1) March 2007).
- “Fair
Value Accounting in the Banking Industry” (coordinated by
Stephen Penman), Center for Excellence in Accounting and Security Analysis
(2007).
- “On
the Informational Usefulness of R&D Capitalization and Amortization”
(with Baruch Lev and Jacob Thomas), in Visualising Intangibles:
Measuring and Reporting in the Knowledge Economy, Chapter 5, 97-128,
Ashgate Publishing (2008).
- “ModelWare’s Approach to Intrinsic Value: Focusing on
Risk-Reward Trade-offs” (with Trevor Harris and Juliet Estridge),
in Equity Valuation: Models from Leading Investment Banks,
edited by Jan Viebig, Thorsten Poddig and Armin Varmaz, Part IV, 193-252,
Wiley Publishing (2008).
- “Principles
for the Application of Fair Value Accounting” (with Stephen
Penman), Center for Excellence in Accounting and Security Analysis (2008).
- “Line-Item Analysis of Earnings Quality” (with Nahum Melumad),
in Foundations and Trends in Accounting (forthcoming 2009).
|