Ray Ball

University of Chicago - Booth School of Business

Sidney Davidson Distinguished Service Professor of Accounting Emeritus

SCHOLARLY PAPERS

37

DOWNLOADS
Rank 151

SSRN RANKINGS

Top 151

in Total Papers Downloads

113,765

SSRN CITATIONS
Rank 615

SSRN RANKINGS

Top 615

in Total Papers Citations

1,461

CROSSREF CITATIONS

634

Scholarly Papers (37)

Actions:
Email selected abstracts
1.

International Financial Reporting Standards (IFRS): Pros and Cons for Investors

Accounting and Business Research, Forthcoming
Number of pages: 65 Posted: 13 Sep 2006
Ray Ball
University of Chicago - Booth School of Business
Downloads 32,915 (111)
Citation 12

Abstract:

Loading...

International accounting standards, IAS, IFRS, fair value accounting

2.

The Global Financial Crisis and the Efficient Market Hypothesis: What Have We Learned?

Journal of Applied Corporate Finance, Forthcoming
Number of pages: 27 Posted: 20 Nov 2009 Last Revised: 11 Dec 2009
Ray Ball
University of Chicago - Booth School of Business
Downloads 7,872 (1,459)
Citation 7

Abstract:

Loading...

market efficiency, asset bubbles, financial crisis

3.

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Downloads 6,089 ( 2,255)
Citation 80

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Chicago Booth Research Paper No. 09-16
Number of pages: 36 Posted: 13 Jul 2007 Last Revised: 19 Feb 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 5,524 (2,618)
Citation 41

Abstract:

Loading...

conditional conservatism, asymmetric timeliness, earnings

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Journal of Accounting Research, Forthcoming, Chicago Booth Research Paper No. 13-65
Number of pages: 37 Posted: 02 Aug 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 565 (83,478)
Citation 9

Abstract:

Loading...

Conditional conservatism, Timely loss recognition, Basu model, Returns-earnings regressions, Earning respnse coefficients, Market-to-book ratio

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Journal of Accounting Research, Vol. 51, No. 5, 2013
Posted: 28 Nov 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business

Abstract:

Loading...

conditional conservatism, asymmetric timeliness, earnings

4.

The Effect of International Institutional Factors on Properties of Accounting Earnings

University of Rochester Working Paper FR 99-12
Number of pages: 49 Posted: 15 Sep 1999
Ray Ball, S.P. Kothari and Ashok Robin
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Rochester Institute of Technology (RIT)
Downloads 5,755 (2,459)
Citation 113

Abstract:

Loading...

5.

Incentives Versus Standards: Properties of Accounting Income in Four East Asian Countries, and Implications for Acceptance of IAS

Simon School of Business Working Paper No. FR 00-04; Boston JAE Conference October 2002
Number of pages: 44 Posted: 06 Jan 2004
Ray Ball, Ashok Robin and Joanna S. Wu
University of Chicago - Booth School of Business, Rochester Institute of Technology (RIT) and University of Rochester - Simon Business School
Downloads 5,065 (3,097)
Citation 141

Abstract:

Loading...

Asia, Hong Kong, Malaysia, Singapore, Thailand, International Accounting Standards, information asymmetry, Financial reporting quality, transparency, timeliness, conservatism

6.

Ball and Brown (1968): A Retrospective

FIRN Research Paper, Accounting Review, Forthcoming
Number of pages: 44 Posted: 01 Aug 2013 Last Revised: 19 Sep 2014
Ray Ball and Philip R. Brown
University of Chicago - Booth School of Business and UWA Business School, M250
Downloads 5,029 (3,135)
Citation 5

Abstract:

Loading...

Ball-Brown, earnings, usefulness, timeliness, anomalies, event study

7.

Accruals, Cash Flows, and Operating Profitability in the Cross Section of Stock Returns

Journal of Financial Economics (JFE), Forthcoming, Fama-Miller Working Paper, Chicago Booth Research Paper No. 15-12
Number of pages: 47 Posted: 01 Apr 2015 Last Revised: 21 Sep 2015
Ray Ball, Joseph Gerakos, Juhani T. Linnainmaa and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Tuck School of Business at Dartmouth College, Dartmouth College - Tuck School of Business and University of Chicago Booth School of Business
Downloads 3,937 (4,726)
Citation 105

Abstract:

Loading...

Operating profitability, Accruals, Cash flows, Anomalies, Asset pricing

8.

Accounting Informs Investors and Earnings Management is Rife: Two Questionable Beliefs

Accounting Horizons, Forthcoming
Number of pages: 12 Posted: 03 Feb 2013 Last Revised: 15 May 2013
Ray Ball
University of Chicago - Booth School of Business
Downloads 3,496 (5,798)
Citation 30

Abstract:

Loading...

earnings management, value relevance, earnings informativeness

9.

Earnings Quality in U.K. Private Firms

Downloads 3,451 ( 5,918)

Earnings Quality in U.K. Private Firms

LBS Accounting Subject Area Working Paper No. ACCT025
Number of pages: 65 Posted: 20 May 2004
Ray Ball and Lakshmanan Shivakumar
University of Chicago - Booth School of Business and London Business School
Downloads 3,451 (5,805)
Citation 45

Abstract:

Loading...

Earnings quality; conservatism; loss recognition; private firms; economics of accounting standards; earnings time series; accruals.

Earnings Quality in U.K. Private Firms

Journal of Accounting & Economics, Forthcoming
Posted: 14 Apr 2004 Last Revised: 26 Apr 2009
Ray Ball and Lakshmanan Shivakumar
University of Chicago - Booth School of Business and London Business School

Abstract:

Loading...

Earnings quality, conservatism, loss recognition, private firms, economics of accounting standards, earnings time series, accruals

10.

What is the Actual Economic Role of Financial Reporting?

Downloads 3,160 ( 6,848)
Citation 9

What is the Actual Economic Role of Financial Reporting?

Number of pages: 12 Posted: 10 Feb 2008
Ray Ball
University of Chicago - Booth School of Business
Downloads 2,393 (10,346)

Abstract:

Loading...

financial reporting, accounting, research design

What is the Actual Economic Role of Financial Reporting?

Accounting Horizons, Vol. 22, No. 4, 2008
Number of pages: 12 Posted: 28 May 2008 Last Revised: 09 Mar 2009
Ray Ball
University of Chicago - Booth School of Business
Downloads 767 (56,306)
Citation 1

Abstract:

Loading...

financial reporting, accounting, research design

11.

How Much New Information is There in Earnings?

Journal of Accounting Research, Vol. 46, December 2008
Number of pages: 65 Posted: 12 Mar 2008 Last Revised: 09 Mar 2009
Ray Ball and Lakshmanan Shivakumar
University of Chicago - Booth School of Business and London Business School
Downloads 2,902 (7,818)
Citation 13

Abstract:

Loading...

earnings, timeliness, analyst forecasts, management forecasts, efficiency

12.

Deflating Profitability

Journal of Financial Economics (JFE), Volume 117, Issue 2, pp. 225-248, Fama-Miller Working Paper, Chicago Booth Research Paper No. 14-10
Number of pages: 55 Posted: 27 Mar 2014 Last Revised: 12 Dec 2015
Ray Ball, Joseph Gerakos, Juhani T. Linnainmaa and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Tuck School of Business at Dartmouth College, Dartmouth College - Tuck School of Business and University of Chicago Booth School of Business
Downloads 2,814 (8,151)
Citation 64

Abstract:

Loading...

Gross profitability, operating profitability, asset pricing, deflators, earnings anomalies

13.

Earnings Quality at Initial Public Offerings

Downloads 2,768 ( 8,351)
Citation 52

Earnings Quality at Initial Public Offerings

Number of pages: 59 Posted: 25 Jul 2006
Ray Ball and Lakshmanan Shivakumar
University of Chicago - Booth School of Business and London Business School
Downloads 1,970 (14,178)
Citation 28

Abstract:

Loading...

IPO, earnings management, conservatism, earnings quality

Earnings Quality at Initial Public Offerings

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 53 Posted: 08 Dec 2007
Ray Ball and Lakshmanan Shivakumar
University of Chicago - Booth School of Business and London Business School
Downloads 798 (53,392)

Abstract:

Loading...

IPO, earnings management, conservatism, earnings quality

14.

Contractibility and Transparency of Financial Statement Information Prepared under IFRS: Evidence from Debt Contracts around IFRS Adoption

Downloads 2,506 ( 9,796)
Citation 37

Contractibility and Transparency of Financial Statement Information Prepared under IFRS: Evidence from Debt Contracts around IFRS Adoption

Journal of Accounting Research (Forthcoming), Fox School of Business Research Paper No. 15-083
Number of pages: 69 Posted: 15 Jun 2013 Last Revised: 09 Nov 2015
Ray Ball, Xi Li and Lakshmanan Shivakumar
University of Chicago - Booth School of Business, London School of Economics and London Business School
Downloads 2,506 (9,628)
Citation 37

Abstract:

Loading...

Bonds, Contractibility, Debt Covenants, Fair Value Accounting, IFRS, Loans, Transparency

Contractibility and Transparency of Financial Statement Information Prepared Under IFRS: Evidence from Debt Contracts Around IFRS Adoption

Journal of Accounting Research, Vol. 53, No. 5, 2015
Posted: 07 Mar 2016
Ray Ball, Xi Li and Lakshmanan Shivakumar
University of Chicago - Booth School of Business, London School of Economics and London Business School

Abstract:

Loading...

Bonds, Contractibility, Debt Covenants, Fair Value Accounting, IFRS, Loans, Transparency

15.

Mark-to-Market Accounting and Information Asymmetry in Banks

Chicago Booth Research Paper No. 12-35, LBS Accounting Subject Area Working Paper
Number of pages: 81 Posted: 23 Oct 2011 Last Revised: 28 Sep 2012
Ray Ball, Sudarshan Jayaraman, Sudarshan Jayaraman and Lakshmanan Shivakumar
University of Chicago - Booth School of Business, Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and London Business School
Downloads 2,362 (10,815)
Citation 8

Abstract:

Loading...

mark-to-market accounting, fair value, trading securities, banks, information asymmetry

16.

Earnings, Retained Earnings, and Book-to-Market in the Cross Section of Expected Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 66 Posted: 01 Mar 2017 Last Revised: 20 Jan 2019
Ray Ball, Joseph Gerakos, Juhani T. Linnainmaa and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Tuck School of Business at Dartmouth College, Dartmouth College - Tuck School of Business and University of Chicago Booth School of Business
Downloads 2,278 (11,439)
Citation 31

Abstract:

Loading...

G11, G12, M41

17.

The Role of Accruals in Asymmetrically Timely Gain and Loss Recognition

Number of pages: 59 Posted: 02 Feb 2005
Ray Ball and Lakshmanan Shivakumar
University of Chicago - Booth School of Business and London Business School
Downloads 2,227 (11,882)
Citation 51

Abstract:

Loading...

accruals, timely recognition, gain/loss recognition, accruals model

18.

Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism

Downloads 2,010 (13,970)
Citation 94

Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism

Number of pages: 54 Posted: 08 May 2007
Ray Ball, Gil Sadka and Ashok Robin
University of Chicago - Booth School of Business, University of Texas at Dallas and Rochester Institute of Technology (RIT)
Downloads 1,387 (24,327)
Citation 85

Abstract:

Loading...

reporting quality, association studies, conservatism, timeliness, international

Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timeliness and Conservatism

Review of Accounting Studies, Forthcoming
Number of pages: 64 Posted: 10 Dec 2007 Last Revised: 24 Aug 2011
Ray Ball, Gil Sadka and Ashok Robin
University of Chicago - Booth School of Business, University of Texas at Dallas and Rochester Institute of Technology (RIT)
Downloads 623 (73,847)
Citation 4

Abstract:

Loading...

reporting quality, association studies, conservatism, timeliness, international

19.

On Estimating Conditional Conservatism

Forthcoming, The Accounting Review, Chicago Booth Research Paper No. 11-09
Number of pages: 56 Posted: 12 Feb 2011 Last Revised: 03 Dec 2012
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 1,976 (14,377)
Citation 46

Abstract:

Loading...

conditional conservatism, asymmetric timeliness, earnings

20.

Fama, Fisher, Jensen and Roll (1969): Retrospective Comments

Number of pages: 14 Posted: 16 Feb 2014 Last Revised: 06 Dec 2021
Ray Ball
University of Chicago - Booth School of Business
Downloads 1,802 (16,607)
Citation 2

Abstract:

Loading...

21.

Market and Political/Regulatory Perspectives on the Recent Accounting Scandals

Downloads 1,594 (20,049)
Citation 111

Market and Political/Regulatory Perspectives on the Recent Accounting Scandals

Journal of Accounting Research, Vol. 47, No. 2, pp. 277-323, May 2009
Number of pages: 65 Posted: 24 Sep 2008 Last Revised: 29 Jul 2009
Ray Ball
University of Chicago - Booth School of Business
Downloads 1,520 (21,214)
Citation 1

Abstract:

Loading...

Market and Political/Regulatory Perspectives on the Recent Accounting Scandals

Number of pages: 65 Posted: 29 Apr 2009
Ray Ball
University of Chicago - Booth School of Business
Downloads 74 (548,084)
Citation 15

Abstract:

Loading...

22.

Aggregate Earnings and Asset Prices

Downloads 1,515 (21,695)
Citation 38

Aggregate Earnings and Asset Prices

Journal of Accounting Research, Vol. 47, No. 5, 2009
Number of pages: 40 Posted: 20 Mar 2007 Last Revised: 24 Aug 2011
Ray Ball, Gil Sadka and Ronnie Sadka
University of Chicago - Booth School of Business, University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 1,400 (23,949)
Citation 2

Abstract:

Loading...

Aggregate earnings, aggregate returns, excess volatility, anomalies

Aggregate Earnings and Asset Prices

Columbia Business School Research Paper
Number of pages: 41 Posted: 24 Aug 2011 Last Revised: 30 Aug 2011
Ray Ball, Gil Sadka and Ronnie Sadka
University of Chicago - Booth School of Business, University of Texas at Dallas and Boston College - Carroll School of Management
Downloads 115 (409,216)
Citation 38

Abstract:

Loading...

Earnings factors, aggregate returns, SUE, market-to-book, systematic risk, cash-flow news, asset pricing

23.

IFRS – Ten Years Later

Accounting and Business Research vol 46 (5)
Number of pages: 53 Posted: 09 Mar 2016 Last Revised: 09 Jul 2016
Ray Ball
University of Chicago - Booth School of Business
Downloads 1,284 (27,710)
Citation 12

Abstract:

Loading...

Conceptual Framework, Contracting, Enforcement, Fair Value, IFRS, Stewardship, Transparency, Unintended Consequences

24.

Ball and Brown (1968) After Fifty Years

“Ball and Brown (1968) after 50 years.” Pacific-Basin Finance Journal 53 (2019) 410–431. doi: 10.1016/j.pacfin.2018.12.008
Number of pages: 36 Posted: 15 Jan 2019
Ray Ball and Philip R. Brown
University of Chicago - Booth School of Business and UWA Business School, M250
Downloads 1,222 (29,774)
Citation 13

Abstract:

Loading...

anomaly, Ball and Brown (1968), earnings, EPS, event study, market efficiency, PEAD, replication, research design, stock returns, timeliness, value relevance

25.

Aggregate Earnings and Why They Matter

Journal of Accounting Literature, Forthcoming
Number of pages: 53 Posted: 19 Dec 2014 Last Revised: 08 Jan 2015
Ray Ball and Gil Sadka
University of Chicago - Booth School of Business and University of Texas at Dallas
Downloads 1,175 (31,549)
Citation 10

Abstract:

Loading...

Aggregate Earnings, Aggregate Returns, Asset Pricing, Earnings-Returns Relation

26.

Audited Financial Reporting and Voluntary Disclosure as Complements: A Test of the Confirmation Hypothesis

Downloads 1,134 (33,210)
Citation 97

Audited Financial Reporting and Voluntary Disclosure as Complements: A Test of the Confirmation Hypothesis

Number of pages: 71 Posted: 17 Jun 2010 Last Revised: 11 Nov 2011
Ray Ball, Sudarshan Jayaraman, Sudarshan Jayaraman and Lakshmanan Shivakumar
University of Chicago - Booth School of Business, Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and London Business School
Downloads 706 (62,877)
Citation 64

Abstract:

Loading...

Audited Financial Reporting and Voluntary Disclosure as Complements: A Test of the Confirmation Hypothesis

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 75 Posted: 11 Nov 2011
Ray Ball, Sudarshan Jayaraman, Sudarshan Jayaraman and Lakshmanan Shivakumar
University of Chicago - Booth School of Business, Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and London Business School
Downloads 428 (116,935)
Citation 8

Abstract:

Loading...

27.

FASB was Right: Earnings Beat Cash Flows when Predicting Future Cash Flows

Chicago Booth Research Paper No. 20-23
Number of pages: 66 Posted: 11 Sep 2020 Last Revised: 31 Dec 2020
Ray Ball and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business
Downloads 805 (53,701)
Citation 7

Abstract:

Loading...

Operating Cash Flow, forecasts, predictive ability, earnings, FASB, accruals, informativeness

28.

Why We Do International Accounting Research

Journal of International Accounting Research, July 20, 2015
Number of pages: 15 Posted: 29 Jan 2016 Last Revised: 09 Jul 2016
Ray Ball
University of Chicago - Booth School of Business
Downloads 767 (57,128)
Citation 4

Abstract:

Loading...

International accounting, IFRS, replication, research design

29.

On Earnings and Cash Flows as Predictors of Future Cash Flows

Ball, Ray, Nikolaev, Valeri, V., 2021. Journal of Accounting & Economics (JAE), Forthcoming.
Number of pages: 66 Posted: 11 May 2021 Last Revised: 21 Jul 2021
Ray Ball and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business
Downloads 739 (60,462)
Citation 17

Abstract:

Loading...

Operating cash flow, free cash flow, cash flow forecasts, predictive ability, earnings, accruals, FASB, informativeness, cross-section, firm heterogeneity

30.

The Complementary Roles of Audited Financial Reporting and Voluntary Disclosure: A Test of the Confirmation Hypothesis

Number of pages: 64 Posted: 17 Oct 2009
Ray Ball, Sudarshan Jayaraman, Sudarshan Jayaraman and Lakshmanan Shivakumar
University of Chicago - Booth School of Business, Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and London Business School
Downloads 721 (62,045)
Citation 4

Abstract:

Loading...

Voluntary disclosures, earnings announcements, confirmation hypothesis

31.

The Information Value of the Annual Earnings Report

Number of pages: 25 Posted: 13 Aug 2012
Ray Ball and Philip R. Brown
University of Chicago - Booth School of Business and UWA Business School, M250
Downloads 695 (65,058)
Citation 1

Abstract:

Loading...

Earnings, Share prices, Event Study

32.

By What Criteria Do We Evaluate Accounting?

Journal of Accounting Research
Number of pages: 51 Posted: 04 Oct 2022 Last Revised: 30 Sep 2023
Ray Ball
University of Chicago - Booth School of Business
Downloads 692 (66,038)

Abstract:

Loading...

accounting information, aggregate welfare, costly contracting, real effects, value relevance

33.

Using Accounting Earnings and Aggregate Economic Indicators to Estimate Firm-level Systematic Risk

Review of Accounting Studies, forthcoming
Number of pages: 61 Posted: 29 May 2019 Last Revised: 13 Jan 2021
Ray Ball, Gil Sadka and Ayung Tseng
University of Chicago - Booth School of Business, University of Texas at Dallas and UC Davis, Graduate School of Management
Downloads 531 (91,266)
Citation 5

Abstract:

Loading...

asset pricing, earnings beta, demand, supply, systematic risk

34.

Accounting for Inflation: The Dog That Didn’t Bark

Abacus
Number of pages: 15 Posted: 04 Mar 2023 Last Revised: 19 Oct 2023
Ray Ball
University of Chicago - Booth School of Business
Downloads 259 (202,764)

Abstract:

Loading...

Accounting Standards, Asset Prices. Current Cost Accounting, GPLA, Inflation, Monetary, Real

35.

Internet Appendix to 'Contractibility and Transparency of Financial Statement Information Prepared under IFRS: Evidence from Debt Contracts around IFRS Adoption'

Journal of Accounting Research, Forthcoming
Number of pages: 66 Posted: 01 Apr 2015 Last Revised: 01 Mar 2017
Ray Ball, Xi Li and Lakshmanan Shivakumar
University of Chicago - Booth School of Business, London School of Economics and London Business School
Downloads 218 (239,499)
Citation 8

Abstract:

Loading...

Bonds, Contractibility, Debt Covenants, Fair Value Accounting, IFRS, Loans, Transparency

36.

Incentives Versus Standards: Properties of Accounting Income in Four East Asian Countries

Simon Business School Working Paper No. FR 03-33
Posted: 02 Dec 2003 Last Revised: 09 Mar 2009
Ray Ball, Ashok Robin and Joanna S. Wu
University of Chicago - Booth School of Business, Rochester Institute of Technology (RIT) and University of Rochester - Simon Business School

Abstract:

Loading...

Asia, Hong Kong, Malaysia, Singapore, Thailand, International Accounting Standards, information asymmetry, Financial reporting quality, transparency, timeliness, conservatism

37.

How Naive is the Stock Market's Use of Earnings Information?

Posted: 24 Feb 1998
Ray Ball and Eli Bartov
University of Chicago - Booth School of Business and NYU Stern School of Business

Abstract:

Loading...