We investigate whether the accruals anomaly (Sloan 1996), characterized by U.S. stock prices over-weighting the role of accrual persistence and under-weighting the role of operating cash flow persistence for future earnings, is a local manifestation of a global phenomenon. Hence, we examine whether stock prices in six other major capital markets and Japan) fully reflect the implications of the ...

This paper provides empirical evidence on whether the earnings fixation hypothesis can explain the accrual anomaly originally documented in Sloan (1996). Our analytical model yields the prediction that if investors fixate on reported earnings, the effectiveness of the accrual strategy will increase in the responsiveness of the stock price to earnings and the differential persistence of cash flo...

Detecting failures is a fundamental issue for fault-tolerance in distributed systems. Recently, many people have come to realize that failure detection ought to be provided as some form of generic service, similar to IP address lookup or time synchronization. However, this has not been successful so far. One of the reasons is the difficulty to satisfy several application requirements simultaneo...

This position paper makes the case for incorporating time/utility functions (TUFs) and the paradigm of utility accrual real-time scheduling in the planned, updated version of the UML Profile for Schedulability, Performance, and Time. The case is made by arguing that the key underpinning of the current state-of-the real-time practice — the priority artifact — and that of the current state-of-the...

Failure detectors are used to build high availability distributed systems as the fundamental component. To meet the requirement of a complicated large-scale distributed system, accrual failure detectors that can adapt to multiple applications have been studied extensively. However, several implementations of accrual failure detectors do not adapt well to the cloud service environment. To solve ...

We extend the Barth, Cram, and Nelson (2001) model with disaggregated accruals by investigating whether cash flow components (core and non-core cash flows) improve cash flow predictability. BCN investigate the role of accrual components in predicting future cash flows while this study extends their study by investigating the role of cash flow components. We propose a cash flow prediction model ...

Download pose: Postactivation barriers to oncology clinical trial accruals are well documented; however, pol barriers prior to trial opening are not. We investigate one such barrier: trial development time. erimental Design: National Cancer Institute Cancer Therapy Evaluation Program (CTEP)–sponsored for all therapeutic, nonpediatric phase I, I/II, II, and III studies activated between 2000 and...

The golden rule of public finance is based upon the notion that intergenerational equity requires that the cost of public expenditures be spread over time in a manner that reflects the intertemporal distribution of the benefits generated by those expenditures. This is often translated into a rule that the budget be structurally balanced in accrual accounting terms. This article considers the fo...

Public officials have recently sought increased regulation of financial disclosures from not-for-profit organizations as a means of improving accountability with the public. One objective of this study is to examine whether not-for-profit entities already subject to audit requirements submit financial reports in compliance with GAAP. Further, since the majority of not-for-profit organizations a...

OBJECTIVES To present a snapshot of experimental cardiovascular research with a focus on geographical and temporal patterns of early termination due to poor accrual. SETTING The Aggregate Analysis of ClinicalTrials.gov (AACT) database, reflecting ClinicalTrials.gov as of 27 March 2016. DESIGN The AACT database was searched for all cardiovascular clinical trials that started from January 200...