This case-based course intends to bridge this gap by discussing how taxes affect a variety of personal financial planning decisions. We will use cases to gain hands' on experience analyzing business tax strategies and refer to financial statement disclosures as appropriate so that you can learn how taxes affect the financial reporting for transactions. The course seeks to provide an introduction to the role of accounting information in (i) measuring firm performance, (ii) projecting profitability and firm value for external constituents, (iii) and motivating and controlling the firm's management. At the same time, increasing attention is being paid to regulatory and market design issues that either impede or enhance market pricing efficiency.n In this course, we will cover recent research on the role of informational arbitrage in asset pricing. The course will include examining boards in a variety of contexts with a focus on three types of situations: public for-profit companies, early-stage private companies, and not-for-profit companies of different sizes. By contrast, tax accounting courses traditionally concentrate on technical legal and administrative issues while ignoring the environment in which taxes enter an individual's decision-making. The role that taxes may play in business decisions are presented within an "all taxes, all parties, all costs" framework, from the tax issues at start-up (e.g., the choice of organizational form for a new venture), multistate and multinational operations, financial accounting implications, and mergers and acquisitions. This course is aimed at doctoral students in accounting and neighboring fields including economics, finance, political economics and operations management. The range of applications includes: the structure of managerial performance measures, capital budgeting, intra-company pricing, discretionary bonus pools, the role of non-financial performance indicators and earnings management. While earlier studies tend to view the matter as a yes/no debate, most recent studies acknowledge the impossibility of fully efficient markets, and focus instead on analyses of factors that materially affect the timely incorporation of information into prices.
As such, I expect it will be of primary interest to Ph. students majoring in accounting, finance, and economics.
Our goal is not only to review existing research, but also to stimulate new work in the area.
nn In the first half of the course, we will develop the course framework, and apply it to illustrative cases.
Barth, Jonathan Bendor, Lanier Benkard, Jonathan B. Investors must also interpret how accounting policies function at various points in a firm's life cycle, influencing the quality of earnings for firms differently in different economic environments.
The existence of mispricing introduces a role for informational arbitrage, whereby some traders will invest resources to become informed about the mispricing, with hopes of profiting from it.
A recurring theme will be linking the tax strategies that we learn with concepts from corporate finance, financial accounting, business law, and economics. Our starting point is the observation that, with costly information, equilibrium prices will invariably reflect some mispricing. nn The latter part of the course will be devoted to project work, with students working in teams to develop an event-driven investing strategy. Our overall goal is develop your understanding of existing research and its strengths and limitations, and to identify new research opportunities. Applications of Information Economics in Management and Accounting. This course develops tools from information economics to study the strategic interactions between agents inside a firm and between firm insiders and market participants. The purpose of this Ph D seminar is to facilitate your conception and execution of substantive individual research in financial reporting. Michael Spence, Venkataraman Srinivasan, Myra Strober**, James C. Wilson*; (Associate Professor) Andrea Shepard; (Senior Lecturers) David L. The course will also feature readings on current accounting standards, articles from the popular press, publicly available financial statement information, and guest speakers with in-depth knowledge of investing strategies vis a vis the case companies. The course readings include recent theoretical and empirical papers. Course topics include the informational role of financial reports, accounting measurement attributes, earnings management, earnings quality, and the role of key actors in the financial reporting environment, including management, investors, auditors, analysts and regulators. The readings focus on research design, and key theories, themes and approaches from the accounting, finance, economics and psychology literature. To assess the probability of corporate events, investors must make judgments about the quality of a company's earnings and assets and understand how accounting policies may influence management's representations. During economic transitions, debt and equity investors may make significantly different assessments of the quality of a company's earnings, its assets, and its likelihood to meet its debt obligations. A) and the program in International Policy Studies (M. The Stanford Master of Science in Management for Experienced Leaders Program (MSx) is an intensive, one-year course of study for middle-management executives leading to the degree of Master of Science in management. The pricing component of the course will handle both traditional topics, such as price differentiation, and more modern ones, such as dynamic pricing. This course gives students the background they need to understand the broad movements in the global economy. We will also focus on business's role -- what are the responsibilities of private sector companies, how does inequality affect them, and how should the growth in inequality affect their strategies?