@article {1971176,
	title = {How will the new lease accounting standard affect the relevance of lease asset accounting?},
	journal = {Advances in Accounting},
	volume = {42},
	year = {2018},
	month = {2018},
	pages = {83-95},
	keywords = {Accounting},
	author = {Graham,Roger and Lin,Kuan-Chen}
}
@article {1971181,
	title = {The Influence of Other Comprehensive Income on Discretionary Expenditures.},
	journal = {Journal of Business Finance and Accounting},
	year = {2018},
	month = {2018},
	pages = {72-91},
	keywords = {Accounting},
	author = {Graham,Roger and Lin,Kuan-Chen}
}
@article {1971171,
	title = {The Mitigation of High-Growth-Related Accounting Distortions after Sarbanes-Oxley},
	journal = {Research in Accounting Regulation},
	volume = {30},
	year = {2018},
	month = {2018},
	address = {Amsterdam},
	abstract = {Here we examine accruals and book-tax differences before and after the Sarbanes-Oxley Act of 2002 (SOX) in the context of high-growth vs. lower-growth firms. Our examination is based on the notion that high growth creates unique management and reporting challenges that can contribute to distortions related to accruals and book-tax differences. SOX, with its emphasis on financial reporting, control systems and management responsibility, would be relevant for firms with such challenges. Our results show a stronger reduction (weaker increase) in total accruals and book-tax differences (performance-matched modified Jones discretionary accruals) for high-growth firms from the pre- to the post-SOX period relative to lower-growth firms. We also find evidence that the relation between accounting returns and market returns strengthened for high-growth firms in the period after SOX, but not for lower-growth firms. We interpret these results as greater reductions in accounting distortions and related improvements in reporting quality for high-growth firms relative to other firms coinciding with the post-SOX period.},
	keywords = {Accounting},
	author = {Moore,Jared and Graham,Roger}
}
@article {1971186,
	title = {Why do Analysts Issue Forecast Revisions Inconsistent with Prior Stock Returns?},
	journal = {Accounting and Finance},
	year = {2016},
	month = {2016},
	keywords = {Accounting},
	author = {Graham,Roger and Lin,Kuan-Chen}
}
@book {1971191,
	title = {The Complaints Process and Violations at the Oregon Board of Accountancy},
	year = {2014},
	month = {2014},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978601,
	title = {Why Do Analysts Issue Forecast Revisions Inconsistent with  Prior Stock Returns?  Determinants and Consequences},
	year = {2014},
	month = {2014},
	address = {Taipei, Taiwan},
	keywords = {Accounting},
	author = {Lin,Kuan-Chen and Graham,Roger}
}
@article {1978606,
	title = {Why Do Analysts Issue Forecast Revisions Inconsistent with  Prior Stock Returns?  Determinants and Consequences},
	year = {2014},
	month = {2014},
	address = {United States},
	keywords = {Accounting},
	author = {Lin,Kuan-Chen and Graham,Roger}
}
@article {1971196,
	title = {Decision usefulness of whole-asset operating lease capitalizations},
	journal = {Advances in Accounting},
	volume = {29},
	year = {2013},
	month = {2013},
	keywords = {Accounting},
	author = {Graham,Roger and King,Raymond}
}
@article {1971201,
	title = {Does it matter where assets are held and income is derived? Further evidence of differential value relevance from Quebec},
	journal = {Journal of International Accounting, Auditing and Taxation},
	year = {2012},
	month = {2012},
	abstract = {In this paper, we build on recent studies documenting an economic discount on firms located in the Canadian province of Quebec that seems to be associated with the political risk generated by the Quebec separatist movement (e. g., Graham, Morrill and Morrill, 2005). We use information on firms{\textquoteright} economic activity in the province of Quebec as collected and published by the Quebec business newspaper Les Affaires for the period 1990-2008. We find that variables proxying for extent of operations in Quebec are associated with market-to-book multiples on book value and earnings.},
	keywords = {Accounting},
	author = {Graham,Roger and Morrill,Cameron and Morrill,Janet}
}
@article {1971206,
	title = {The Earnings Effects of Marketing Communications Expenditures during Recessions},
	journal = {Journal of Advertising},
	volume = {40},
	year = {2011},
	month = {2011},
	pages = {5-24},
	keywords = {Accounting},
	author = {Graham,Roger and Frankenberger,Kristina D}
}
@article {1971211,
	title = {Empirical Evidence on the Impact of Book-Tax Differences on Divergence of Opinion Among Investors},
	journal = {Journal of the American Taxation Association},
	volume = {33},
	year = {2011},
	month = {2011},
	address = {Sarasota, FL},
	abstract = {It is well known that the objectives of financial accounting and tax accounting sometimes conflict, resulting in book-tax differences (BTDs). In this study we test for associations between measures of BTDs and measures of market participants{\textquoteright} uncertainty regarding the information conveyed in financial reports. The measures of market participant uncertainty are: (1) share turnover, (2) analyst forecast dispersion, and (3) stock return variance. We find positive associations between levels and variability of total BTDs and the three measures. After disaggregating BTDs into their permanent and temporary components, we find that both are positively associated with market uncertainty, although the permanent component of BTDs is generally more strongly and consistently associated with measures of uncertainty than is the temporary component. We interpret these results, in part, as indicative of the possible effect of uncertainty contained in BTDs, especially permanent BTDs, on the precision of the information conveyed in the financial statements},
	keywords = {Accounting},
	author = {Moore,Jared and Comprix,Joseph and Graham,Roger}
}
@article {1968701,
	title = {The Short Happy Life of Celiant Corporation: Did Managerialism at Lucent Technologies Divert Shareholder Wealth to Private Equity Investors?},
	journal = {Critical Perspectives on Accounting},
	volume = {22},
	year = {2011},
	month = {2011},
	pages = {337-350},
	keywords = {Accounting, MBA},
	author = {Graham,Roger and Banyi,Monica and Caplan,Dennis}
}
@article {1978611,
	title = {Capitalization of Operating Leases and Future Operating Income, Manitoba Certified General Accountants Research Conference, May 2010, Winnipeg, Manitoba.*},
	year = {2010},
	month = {2010},
	address = {Winnipeg, Manitoba},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978616,
	title = {Corporate Venturing at Lucent Technologies: Was Wealth Diverted from Shareholders to Private Equity Investors?},
	year = {2009},
	month = {2009},
	address = {New York, NY},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978621,
	title = {The Earnings Effects of Advertising Expenditures during Recessions},
	year = {2009},
	month = {2009},
	address = {Nantes France},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1976871,
	title = {The Short Happy Life of Celiant Corporation},
	year = {2008},
	month = {2008},
	address = {Durham, NH},
	keywords = {Accounting, MBA},
	author = {Caplan,Dennis and Graham,Roger}
}
@article {1978626,
	title = {Advertising Assets},
	year = {2007},
	month = {2007},
	address = {Auckland NZ},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978631,
	title = {The incremental value relevance of geographic segment disclosures: Canadian evidence},
	year = {2005},
	month = {2005},
	address = {Wellington New Zealand},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978636,
	title = {The incremental value relevance of geographic segment disclosures: Canadian evidence},
	year = {2005},
	month = {2005},
	address = {San Francisco CA},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978641,
	title = {The incremental value relevance of geographic segment disclosures: Canadian evidence},
	year = {2005},
	month = {2005},
	address = {Quebec City Quebec},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1971216,
	title = {The Value Relevance of Accounting under Political Uncertainty:  Evidence Related to Quebec{\textquoteright}s Independence Movement},
	journal = {Journal of International Financial Management and Accounting},
	volume = {16},
	year = {2005},
	month = {2005},
	pages = {49-68},
	abstract = {The Canadian province of Quebec is a region of an advanced industrialized nation characterized by a strong independence movement and, therefore, provides an interesting context in which to test the effect of political uncertainty on the relationship between market values and accounting values. In this study we compare market-to-book value associations of a sample of firms headquartered in Quebec with those of a sample of Canadian firms headquartered outside Quebec, over the period 1988{\textquotedblright}2002. Our comparisons suggest that, on average, the value of Quebec-based firms is significantly less than other Canadian firms when valuation is based on multiples of book value and earnings. In addition, we find that the "Quebec discount" decreased significantly in the period immediately following the 1995 provincial sovereignty referendum wherein Quebeckers voted (narrowly) against Quebec sovereignty. We conclude that the relative undervaluation of Quebec firms is related, at least in part, to political uncertainty associated with the Quebec independence movement.},
	keywords = {Accounting},
	author = {Graham,Roger and Morrill,C. and Morrill,J.}
}
@article {1971231,
	title = {Decision usefulness of joint venture reporting methods},
	journal = {Accounting Horizons},
	volume = {17},
	year = {2003},
	month = {2003},
	pages = {123-137},
	abstract = {Depending on the country and circumstances, reporting rules for intercor- porate investments may require the cost method, the equity method, proportionate consolidation, or full consolidation, and may yield dramatically different accounting num- bers. In the post-Enron environment there is a particular focus on investments for which liabilities remain off balance sheet. We compare the information content of alternative accounting treatments for a sample of Canadian firms reporting joint ventures under proportionate consolidation. We restate their financial statements using the equity method, and we compare the information content of the two accounting methods in predicting accounting return on common shareholders{\textquoteright} equity. We find evidence consistent with the view that financial statements prepared under proportionate consolidation provide better predictions of future return on shareholders{\textquoteright} equity than do financial statements prepared under the equity method. We conclude that, for these firms, proportionate consolidation provides information with greater predictive ability and greater relevance than does the equity method.},
	keywords = {Accounting},
	author = {Graham,Roger and King ,Raymond  D. and Morrill,Cameron  K.J.}
}
@article {1971226,
	title = {Should Firms Increase Advertising Expenditures During Recessions?},
	journal = {Marketing Science Reports},
	volume = {03-000},
	year = {2003},
	month = {2003},
	pages = {65-85},
	abstract = {Some advertisers believe that boosting advertising during recessions provides an added benefit in increased sales and profitability. However, evidence for this argument has been weak, first, because it fails to address firm-based (earnings and market value) outcomes, and second, because it has been studied primarily in non-consumer goods industries.In this report, Frankenberger and Graham extend the investigation of recessionary advertising spending increases and decreases to include financial measures of performance, and compare performance across consumer products, industrial products, and services industries. They conduct an econometric analysis employing cross-sectional time series regression on a sample of 2,662 firms over 16,147 firm-years. They analyze the economy-wide and industry-specific effects that average advertising spending has on earnings and market value, and compare those effects with the effects of increased and decreased advertising spending during recessionary periods. 
Their results indicate that advertising creates a firm asset by contributing to financial performance for up to three years in the future. Further, increasing spending on advertising during a recession leads to benefits that exceed the benefits of increasing advertising during nonrecessionary times. However, the effect varies by industry: A performance boost is observed during the recession year and one year following for consumer and industrial products firms, but not for services firms. When firms decrease their advertising during recession, financial performance is eroded only for industrial products firms, and only during the year of the recession. 
Frankenberger and Graham conclude that firms should support advertising budgets whenever possible, as advertising in general translates to an asset that is valued by stock market participants. For firms experiencing soft economies in the consumer and industrial products industries, it makes sense to increase budgets during a recession to realize an incremental gain in financial performance. Firms that decide to cut advertising spending during a recession may do so with little cost beyond the recessionary year. 
},
	keywords = {Accounting},
	author = {Frankenberger,Kristina D. and Graham,Roger}
}
@article {1984451,
	title = {Should Firms Increase Advertising Expenditures During Recessions?},
	journal = {Marketing Science Reports},
	volume = {03-000},
	year = {2003},
	month = {2003},
	pages = {65-85},
	abstract = {Some advertisers believe that boosting advertising during recessions provides an added benefit in increased sales and profitability. However, evidence for this argument has been weak, first, because it fails to address firm-based (earnings and market value) outcomes, and second, because it has been studied primarily in non-consumer goods industries.In this report, Frankenberger and Graham extend the investigation of recessionary advertising spending increases and decreases to include financial measures of performance, and compare performance across consumer products, industrial products, and services industries. They conduct an econometric analysis employing cross-sectional time series regression on a sample of 2,662 firms over 16,147 firm-years. They analyze the economy-wide and industry-specific effects that average advertising spending has on earnings and market value, and compare those effects with the effects of increased and decreased advertising spending during recessionary periods. 
Their results indicate that advertising creates a firm asset by contributing to financial performance for up to three years in the future. Further, increasing spending on advertising during a recession leads to benefits that exceed the benefits of increasing advertising during nonrecessionary times. However, the effect varies by industry: A performance boost is observed during the recession year and one year following for consumer and industrial products firms, but not for services firms. When firms decrease their advertising during recession, financial performance is eroded only for industrial products firms, and only during the year of the recession. 
Frankenberger and Graham conclude that firms should support advertising budgets whenever possible, as advertising in general translates to an asset that is valued by stock market participants. For firms experiencing soft economies in the consumer and industrial products industries, it makes sense to increase budgets during a recession to realize an incremental gain in financial performance. Firms that decide to cut advertising spending during a recession may do so with little cost beyond the recessionary year. 
},
	keywords = {Accounting},
	author = {Frankenberger,Kristina D. and Graham,Roger}
}
@article {1971221,
	title = {The Value Relevance of Equity Method Fair Value Disclosures},
	journal = {Journal of Business Finance and Accounting},
	volume = {30},
	year = {2003},
	month = {2003},
	pages = {1065-1088},
	abstract = {We assess the valuation implications of the fair value disclosures made for publicly traded securities accounted for under the equity method. We test the association between investors{\textquoteright} stock price metrics and fair value disclosures while controlling for book values on a sample of 172 investor firm-years during 1993{\textquotedblright}1997. Our results indicate that the information in the fair value disclosures is incremental to the information provided by both an investment{\textquoteright}s equity method book value and equity method reported income. This suggests that there is nothing unique about investments in publicly traded common stock that involve significant influence that makes the fair value disclosures irrelevant for firm valuation.},
	keywords = {Accounting},
	author = {Graham,Roger and Lefanowicz ,Craig E. and Petroni,Kathy}
}
@article {1978651,
	title = {A cost-benefit analysis of decreasing and maintaining and increasing investments in advertising during recessions},
	year = {2002},
	month = {2002},
	address = {Winnipeg, Manitoba, Canada},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978646,
	title = {Economic value analysis, inventory accounting, and the ambitious accounting graduate},
	year = {2002},
	month = {2002},
	address = {Sedona AZ},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978661,
	title = {Proportionate consolidation vs. the equity method: A decision usefulness perspective on reporting interests in joint ventures},
	year = {2002},
	month = {2002},
	address = {Montreal Quebec},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978656,
	title = {Proportionate consolidation vs. the equity method: A decision usefulness perspective on reporting interests in joint ventures},
	year = {2002},
	month = {2002},
	address = {San Antonio TX},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1971241,
	title = {Do share repurchases harm uninformed shareholders?},
	journal = {Financial Practice and Education},
	year = {2001},
	month = {2001},
	pages = {11-16},
	keywords = {Accounting},
	author = {Graham,Roger and King,Raymond  D.}
}
@article {1978676,
	title = {The equity method and the value relevance of fair value disclosures},
	year = {2001},
	month = {2001},
	address = {Winnipeg, Manitoba, Canada},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978666,
	title = {The equity method and the value relevance of fair value disclosures},
	year = {2001},
	month = {2001},
	address = {Atlanta GA},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1971236,
	title = {Understanding and managing receivables on U.S. government contracts},
	journal = {Management Accounting Quarterly},
	year = {2001},
	month = {2001},
	pages = {4-11},
	abstract = {Here are some guidelines for government contractors to follow so they can plan and improve their billing and collection processes.},
	keywords = {Accounting},
	author = {Graham,Roger and Chrobuck,Gerald  R.}
}
@article {1978681,
	title = {The value of firms headquartered in Quebec relative to the value of firms headquartered elsewhere in Canada: Evidence of a Quebec discount},
	year = {2001},
	month = {2001},
	address = {Corvallis, OR},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978686,
	title = {The value of firms headquartered in Quebec relative to the value of firms headquartered elsewhere in Canada: Evidence of a Quebec discount},
	year = {2001},
	month = {2001},
	address = {Phoenix, Arizona},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978671,
	title = {The value of firms headquartered in Quebec relative to the value of firms headquartered elsewhere in Canada: Evidence of a Quebec discount},
	year = {2001},
	month = {2001},
	address = {Atlanta GA},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1971246,
	title = {Accounting Practices and the Market Valuation of Accounting Numbers: Evidence from Indonesia, Korea, Malaysia, the Philippines, Taiwan, and Thailand},
	journal = {International Journal of Accounting},
	volume = {35},
	year = {2000},
	month = {2000},
	pages = {445-470},
	abstract = {This study examines the relation between stock prices and accounting earnings and book values in six Asian countries: Indonesia, South Korea, Malaysia, the Philippines, Taiwan, and Thailand. The analysis is based on a residual earnings model that expresses the value of the firm in terms of book value and residual income. The model holds for any clean surplus accounting system. However, for finite time horizons, biased accounting may affect model estimates. The six countries examined in this study differ in faithfulness to clean surplus accounting as well as bias (conservatism). The study addresses two questions. First, are there systematic differences across countries in the value relevance of accounting, and are these differences related to accounting differences? Second, are there systematic differences in the incremental and relative information content of book value per share (BVPS) and abnormal (residual) earnings per share (REPS) across the countries, and are such differences related to accounting differences? We find differences across the six countries in the explanatory power of BVPS and REPS for firm values. Explanatory power for Taiwan and Malaysia is relatively low while that for Korea and the Philippines is relatively high. These differences are generally consistent with differences in accounting practice; however, since Korean accounting practice is strongly influenced by tax law, we did not expect the high association for Korea. Second, with respect to the incremental and relative explanatory power of BVPS and REPS, we find BVPS to have high explanatory power in the Philippines and Korea but little in Taiwan. In all six countries REPS has less explanatory power than BVPS in most years. Again, the evidence may be interpreted as suggesting accounting practice affects valuation (with Korea again as the exception). Finally, we provide evidence on the sensitivity of the timing of comparisons of stock prices and accounting values. We find that comparing prices at year-end (even though annual accounting information has not been released at that time), in general, provides the highest correlation between market and accounting numbers.},
	keywords = {Accounting},
	author = {Graham,Roger and King,Raymond  D.}
}
@article {1971251,
	title = {The Contribution of Changes in Advertising Expenditures to Earnings and Market Values},
	journal = {Journal of Business Research},
	volume = {50},
	year = {2000},
	month = {2000},
	pages = {149-155},
	abstract = {We examine the asset value of advertising expenditures for a sample of 320 firms with reported advertising expenditures for each of the 10 consecutive years ending in 1994. We find that, depending upon the industry, changes in advertising expenditures are significantly associated with earnings up to five years following the year of the expenditure. Furthermore, the asset values are significantly associated with the market values of the firms. Across all industries, the asset value of advertising expenditures appears to have a 3-year life with the greatest value on the current year and declining value in subsequent years. Asset values are found to be longest lived in the consumer products and industrial products industries and shortest lived in the sales and services industry.},
	keywords = {Accounting},
	author = {Graham,Roger and Frankenberger,Kristina  D.}
}
@article {1978691,
	title = {The equity method and the value relevance of fair value disclosures},
	year = {2000},
	month = {2000},
	address = {Corvallis, OR},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978696,
	title = {The value of firms headquartered in Quebec relative to the value of firms headquartered elsewhere in Canada: Evidence of a Quebec discount},
	year = {2000},
	month = {2000},
	address = {Manitoba, Canada},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1968541,
	title = {The Value Relevance of Accounting Information During a Financial Crises:  Thailand and the 1997 Decline in Value of the Baht},
	journal = {Journal of International Financial Management and Accounting},
	volume = {11},
	year = {2000},
	month = {2000},
	pages = {84-107},
	abstract = {This study addresses whether the financial turmoil surrounding the devaluation of the baht affected the value relevance of Thai accounting information. Our results suggest a decline in the value relevance of Thai book values and earnings following the devaluation. Prior to mid 1997 the Bank of Thailand pegged the value of the baht to a basket of currencies of which 80\% was weighted to the US dollar. In response to pressure by currency speculators the bank abandoned its peg on July 2 1997 in favor of a managed float. The devaluation was followed by volatile exchange rates. The change in value relevance of accounting information after the devaluation may be attributable to the initial recognition of foreign exchange losses and the subsequent recognition of foreign exchange gains as exchange rates fell and then recovered.},
	keywords = {Accounting},
	author = {Graham,Roger and King,Raymond and Bailes,Jack}
}
@article {1978706,
	title = {Accounting practices and market values: Evidence from Indonesia, Korea, Malaysia, the Philippines, Taiwan, and Thailand},
	year = {1999},
	month = {1999},
	address = {Melbourne Australia},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978711,
	title = {The value relevance of accounting information during a financial crisis: Thailand and the 1997 decline in the value of the baht},
	year = {1999},
	month = {1999},
	address = {Melbourne Australia},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978716,
	title = {The value relevance of accounting information during a financial crisis: Thailand and the 1997 decline in the value of the baht},
	year = {1999},
	month = {1999},
	address = {Newport Beach, CA},
	keywords = {Accounting},
	author = {Graham,Roger}
}
@article {1978701,
	title = {The value relevance of accounting information during a financial crisis: Thailand and the 1997 decline in the value of the baht},
	year = {1999},
	month = {1999},
	address = {Portland, OR},
	keywords = {Accounting},
	author = {Graham,Roger}
}
