Browsing Accounting and Finance by Title
Now showing items 20-39 of 44
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How do tax and accounting policies affect cross-border mergers and acquisitions?
(University of Waterloo, 2007-09-21)Using a large sample of mergers and acquisitions from 27 countries over a 16-year period, I investigate how differences in tax and financial reporting policies affect the premium and structure of cross-border mergers and ... -
How incentive contracts and task complexity influence and facilitate long-term performance
(University of Waterloo, 2009-08-07)The purpose of this study is to investigate how different incentive contracts that include forward-looking and contemporaneous goals motivate managers to make decisions consistent with the organization’s long-term objectives, ... -
THE IMPACT OF EARNINGS MANAGEMENT AND EXPECTATIONS MANAGEMENT ON THE USEFULNESS OF EARNINGS AND ANALYST FORECASTS IN FIRM VALUATION
(University of Waterloo, 2008-01-16)In this dissertation, I examine the impact of earnings management and expectations management on the usefulness of earnings and analyst forecasts in firm valuation. Earnings and analyst forecasts are important inputs into ... -
The Impact of the Transfer of Intangible Assets on the Valuation Effects of High-Tech Cross-Border Mergers and Acquisitions
(University of Waterloo, 2009-09-04)The technology industry is characterized by a greater than usual reliance on intangible assets. During the tech bubble many firms were valued entirely on intangible assets and growth prospects. In the aftermath of the ... -
Improving Perceptions of Fairness and Performance through Explanation and Perspective Taking
(University of Waterloo, 2019-08-02)Employee performance can be negatively impacted due to the occurrence of unforeseen negative events. To filter out the influence of these negative exogenous shocks on employee compensation, management can commit ex-ante ... -
Incomplete Incentives, Task Temporality, and Effort Spillover in a Multitask Environment
(University of Waterloo, 2022-01-07)Incomplete incentive contracts in multitask environments present a significant control challenge of ensuring that employees expend sufficient effort towards all assigned tasks, particularly those that are not directly ... -
Internal Control Quality as an Explanatory Factor of Tax Avoidance
(University of Waterloo, 2011-10-11)Internal control disclosures mandated by section 404 of the Sarbanes-Oxley Act (SOX) are designed to provide information about a firm’s financial reporting quality and in doing so may offer information on firm-specific tax ... -
Is there a relation between the cost of debt and environmental performance? An empirical investigation of the U.S. Pulp and Paper Industry, 1994-2005.
(University of Waterloo, 2008-09-10)This study shows an economically significant relation between a firm’s environmental performance and its cost of debt. Firms that have poor environmental performance will face future environmental liabilities related to ... -
KPI Information Acquisition by Analysts: Evidence from Conference Calls
(University of Waterloo, 2021-09-10)As performance measures based on generally accepted accounting principles (GAAP) deteriorate in usefulness, information users are placing more reliance on alternative performance measures. Key performance indicators (KPIs) ... -
Market Adaptation to Climate Risk: Evaluating Property Insurance Pricing in Vulnerable Coastal Communities
(University of Waterloo, 2016-01-22)Financial recovery through insurance is critical to restoring socio-economic livelihoods as severe weather and water damage rank as the leading causes for property insurance claims across Canada. As climate change increases ... -
Multi-Jurisdictional Tax Incentives and the Location of Innovative Activities
(University of Waterloo, 2009-08-25)In this dissertation, I explore the effect of tax incentives on where U.S. multinationals decide to locate their innovative activities worldwide. Research and development (R&D) tax incentives offered by foreign countries ... -
News Management and Earnings Management around Accelerated Share Repurchases
(University of Waterloo, 2017-09-27)There has been a growing trend in accelerated share repurchases (ASRs) in the last decade. ASRs are an alternative to commonly used open market repurchases (OMRs). In an ASR, a firm commits itself to repurchasing an announced ... -
Politicians’ Equity Holdings and Accounting Conservatism
(University of Waterloo, 2014-11-14)In this thesis, I examine the association between politician ownership and accounting conservatism for a sample of S&P 1500 firms between 2005 and 2011. The contracting explanation predicts that politician owned firms adopt ... -
Short Rate Models with Nonlinear Drift and Jumps
(University of Waterloo, 2009-08-27)Many financial contracts can be regarded as derivative securities where the underlying state variable is one or more rates of interest. A partial list of such contracts would include zero-coupon bonds, coupon paying bonds, ... -
Subjectivity in Performance Evaluation and Group Identity as Antecedents of Employee Overwork
(University of Waterloo, 2023-08-18)Employees often overwork by working longer than contractual or statutory standard working time for no immediate additional monetary gain. Despite the prevalence of overwork in firms, little is understood about why employees ... -
Tax Aggressiveness and Shareholder Wealth: Evidence from Mergers and Acquisitions
(University of Waterloo, 2013-06-21)In this dissertation, I examine two related questions on whether and how tax aggressiveness of firms is associated with shareholder wealth in a new context – mergers and acquisitions (M&A). The first study investigates ... -
Tax Incentives in Corporate Acquisitions
(University of Waterloo, 2021-09-30)In this dissertation, I examine tax incentives in corporate acquisitions. Reported tax losses or net operating losses (NOLs) under the United States (U.S.) income tax law have grown considerably in recent years. Yet, there ... -
Tax-Planning vs. Coordination: The Dual Role of Internal Capital Allocation
(University of Waterloo, 2020-12-03)In this thesis, I examine how a multinational corporation (MNC) allocates capital among its international subsidiaries. This capital allocation has both a managerial and tax-planning objective. On the managerial side, it ... -
The Treatment of Accounting Changes in Covenants and Debt Contracting Efficiency
(University of Waterloo, 2020-08-04)Debt contracts contain accounting-based covenants that could be affected by changes in generally accepted accounting principles (GAAP). There are three types of contractual treatment of GAAP changes: excluding GAAP changes ... -
An Understanding of the Differences between Internal and External Auditors in Obtaining and Assessing Information about Internal Control Weaknesses
(University of Waterloo, 2014-08-08)A critical role of the internal auditor is to design and monitor their organization's system of internal controls (COSO, 2004). In addition, they may be expected to objectively assess the quality of internal controls as ...