Phil Shane's

Introduction to Accounting Research (ACCT7300)

Spring 2008

Course Notes

Study questions and notes related to Watts and Zimmerman (1986):

WZ chapters 1-2	Study questions	Notes
WZ chapters 3-4	Study questions	Notes
WZ chapters 5-6	Study questions	Notes
WZ chapters 7-8	Study questions	Notes
WZ chapters 9-10	Study questions	Notes
WZ chapters 11-12	Study questions	Notes
WZ chapters 13-15	Study questions	Notes

Notes related to other items on the spring 2008 reading list:

· Discussion questions on Hausman (1992), Mayer (1993) and Fama and MacBeth (1973)

o Notes on Hausman (1992), Mayer (1993) and Fama and MacBeth (1973)

· Ball and Brown (1968 JAR) – Questions for further research

· Application of critique guidelines to Maines and Hand (1996 TAR)

· Example of incentives for managers to enter into agency cost reducing debt contracts

· Notes on Valuation Models

o Derivation of Earnings-based Valuation Models

· Notes on time-series analysis and Brown-Rozeff, 1979 JAR

Discussion outlines:

o 4 February 2008

o 11 February 2008

o 18 February 2008

o Ramnath, Rock and Shane Financial Analyst Research Taxonomy Paper

o 25 February 2008

o 3 March 2008

Other notes that may be of interest:

· Frankel et al. (2002 TAR) and Kinney and Libby (2002 TAR), Libby (ch 1, 1981), and Kinney (1986)

· Discussion questions related to Guidry, Leone and Rock (1999 JAE)

o Notes on Guidry, Leone and Rock (1999 JAE)

· Discussion questions related to Jones (1991 JAR)

o Notes on Jones (1991 JAR)

· Exogenous and Endogenous Variables

o Also see Antle, et al. (2006 Review of Quantitative Finance and Accounting 27: 235-266) for a good example of empirical implications of endogenous variables.

· Notes on Feltham-Ohlson, 1995 CAR