Announcement

ACCOUNTING AND BUSINESS RESEARCH
Volume 26 Number 2 Spring 1996

CONTENTS
Articles
The Estimation of Monetary Gains and Losses in Diverse International Economic Environments Thomas W. Hall Keith A. Shriver Mark Tippett 91
A Corporate View of Research Needs in Corporate Finance Wilson E. Herbert R. S. Oulsegun Wallace 107
Configural Information Processing in Auditing: Further Evidence Cameron Hooper Ken T. Trotman 125
An Empirical Analysis of Thomas’s Financial Accounting Allocation Fallacy Theory in a Financial Distress Context Terry J. Ward Benjamin P. Foster 137
Venture Capitalists, Unquoted Equity Investment Appraisal and the Role of Accounting Information Mike Wright Ken Robbie 153
Commentaries
Future Events—A Conceptual Study of their Significance for Recognition and Measurement: A Review Article W. T. Baxter 171
Book Review
I. Demirag and S. Goddard, Financial Management for International Business Clare B. Roberts 177
Malcolm Smith, New Tools for Management Accounting Mahmoud Ezzamel 178
Patrick Caughan (ed.), Readings in Mergers and Acquisitions William Forbes 179
John F. Wilson, British Business History, 1720-1994 Trevor Boyns 179
T. Colwyn Jones, Accounting and the Enterprise: A Social Analysis Lee D. Parker 180
Robert Buckland and Edward W. Davis (eds.), Finance for Growing Enterprises Mike Dempsey 182
J. Blake and S. Gao, Perspectives on Accounting and Finance in China R. S. Olusegun Wallace 183

Announcement
CONTEMPORARY Vol 13 No 1—Spring/printemps 1996
ACCOUNTING RESEARCH / RECHERCHE
COMPTABLE
CONTEMPORAINE
Articles
Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC
PATRICIA DECHOW, RICHARD SLOAN, AND AMY SWEENHY
Discussion of “Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC”
JAMES JSAMBALVO
Tax Advise and Reporting Under Uncertainty: Theory and Experimental Evidence
PAUL BECK, JON DAVIS AND WOON-OH JUNG
Discussion of “Tax Advise and Reporting Under Uncertainty: Theory and Experimental Evidence”
STEVEN KACHELMEIER
Regulatory Capital Tax, and Earnings Management EffecLs on Loan Loss Accruals in the Canadian Banking Industry
LANK DALEY ANn PEJ VR CHEN
Discussion of “Regulatory Capital Tax, and Earnings Management Effects on Loan Loss Accmals in the Canadian Banking Industry”
SANORA CHAMBERI,AT\
International Accounting Differences and their Relation to Share Prices: Evidence from U.K., Australian, and Canadian Firms
MARY BARTH AVD GRE<; CLINCH Discussion of "International Accounting Differences and their Relation to Share Prices: Evidence from U.K., Australian, and Canadian Firms" SATI P. BANDYOPADHYAY Effect of Service Capability on Operating Costs: An Empirical Analysis of Ontario Hospitals RAMJI BALAKRISHNAN, THOMAS GRUCA AND DKKPLKA NAIII Consensus, Dispersion, and Security Prices JEAN-FRANCOIS T/HUR AND JEAN-MARC SURET Consensus, Dispersion, et prix des titres JEAN-FRANCOIS L'HER ET JF.AV-MARC SURET Going Concern Status, Earnings Persistence, and Informativeness of Earnings K.R. SUBRAMANYAM AND JOHN WlLD Legal Damages and Auditor Efforts LYXDA THOMAS Improvements and Updates Reduction of Outcome Variance - Optimality and Incentives BRACHA METH Valuation and Clean Surplus Accounting: Some Implications of the Fcltham and Ohlson Model for the Relative Information Content of Earnings and Cash Flows COLLN CLUBB The Value of Experimental Methods for Practice-Relevant Accounting Research LINDA MCDANIH- AND JOHN HAND The Association Between Auditor Changes and Reporting Lags KENNETH SCHWARTZ AND BILLY SOO Book Review/Compte rendu de livre Editor/Redacteur: Jean Bedard Canadian Institute of Chartered Accountants, Professional Judgment and the Auditor JANFT MoiiRii.i Announcement ACCOUNTING AND FINANCE Vol. 35 No. 2 November 1995 Editor: Peter Brownell Associate Editor: Rob Brown Book Reviews: Geoff Burrows VOLUNTARY DISCLOSURE OF SEGMENT INFORMATION; FURTHER AUSTRALIAN EVIDENCE Jason D. Mitchell, Chris W. L. Chia and Andrew S. Loh 1 A DISCRETE-VALUED RISK FUNCTION FOR MODELLING FINANCIAL DISTRESS IN PRIVATE AUSTRALIAN COMPANIES Patti j. Cybinski 17 AN EMPIRICAL ANALYSIS OF SOME DETERMINANTS OF THE TARGET SHAREHOLDER PREMIUM IN TAKEOVERS Martin Bugeja and Terry Walter 33 THE JOINT EFFECTS OF BUDGETARY SLACK AND TASK UNCERTAINTY ON SUBUNIT PERFORMANCE Alan S. Dunk 61 TIME VARYING RISK PREMIUM AND THE PREDICTIVE POWER OF THE AUSTRALIAN TERM STRUCTURE OF INTEREST RATES Lakshman A. Allcs 77 AN ANALYSIS OF SUBMISSIONS TO THE ASRB ON RELEASSE 411 FOREIGN CURRENCY TRANSLATION—QUESTIONNAIRE' Tania Pacecca 97 AN EMPIRICAL INVESTIGATION OF THE EXTENT AND NATURE OF BRAND VALUATION ACTIVITY IN NEW ZEALAND Chris Guilding and Andy Godfrey 119 AUDITOR PREFERENCES FOR LIABILITY LIMITATION Ronald B. Johnson, Donald J. Stokes and David G. Watts 135 RESPONSE OF FINANCIAL MARKETS TO ANNOUNCEMENTS OF THE AUSTRALIAN CURRENT ACCOUNT BALANCE Michele A. Sims and Kerrie L. Cullis 175 DO AUSTRALIAN SPOT FOREIGN EXCHANGE RATES STILL SHOW EVIDENCE OF COINTERGRATION? Ramaprasad Bhar 197 BOOK REVIEWS 206