Event Study Methodology : An Overview

Mohammad Hossien Ghaemi (Ph.D)

This article provides a brief review on methodology of event studies in accounting and finance . An event study is concerned with the impact of particular firm specific corporate event on company security prices . For example , an event study might be conducted to determine the impact of earning announcements on stock prices . If event studies suggest that security prices change when earnings are announced , then this might suggest that earnings announcements are valuable for investors . Hundreds of studies have used the event study methodology to evaluate capital market efficiency . The degree of efficiency in a market to a given type of information may be reflected in the speed of market reactions to the new information . The number of published event studies exceeds 500 , and the literature continues to grow.

A Critique of The Global Integration of Accounting Standards

Hamidreza Vakili fard (Ph.D)

Bahman Banimahd (PhD)

This paper is a theoretical critique on globalization of accounting standards . Financial Accounting Standards Boards ( FASB) and International Accounting Standards Boards (IASB ) are developing a common conceptual framework for integrated accounting standards at the international level . The authors investigate this matter by the theoretical criteria of accounting standard - setting . They conclude that developing common accounting standards for all of the world is a political issue and U.S economy community is a winner in this regard.

Strategy and Management Accounting

Ahmad Yaghoobnezhad (Ph.D)

Elahe Sadat Razavi

The Purpose of management accounting is to help an organization meet its strategic goal of providing high - quality products or services at a low cost at the right time .

This is the strategic QCT triangle . This strategic focus differs from traditional responsibility accounting by providing information which :

- Links daily action of employees to strategic objectives

- Involves the entire extended enterprise in achieving these objectives.

- Focuses attention on the long - term strategic implication of management decision .

Management- accounting information has three attributes - technical , behavioral and cultural. This is called the TBS attribute triangle . Good management - accounting information guides decision , provides process understanding , motivates proper behaviors and reflects the values and beliefs that are important to an organization and to society. the two triangles are mutually dependent . The QCT triangle provides a concrete framework for the attribute triangle criteria a by which to evaluate and choose between alternative management - accounting measures , methods , and systems.