Wayne B. Thomas

University of Oklahoma - Michael F. Price College of Business

Professor

Michael F. Price College of Business,

307 W Brooks, Rm 212B

Norman, OK 73019

United States

SCHOLARLY PAPERS

52

DOWNLOADS
Rank 602

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Top 602

in Total Papers Downloads

29,418

CITATIONS
Rank 1,508

SSRN RANKINGS

Top 1,508

in Total Papers Citations

372

Scholarly Papers (52)

1.

The Quality of Fair Value Measures for Property, Plant, and Equipment

Accounting Forum, March 2006
Number of pages: 33 Posted: 19 Jun 2002 Last Revised: 15 Dec 2011
Don Herrmann, Wayne B. Thomas and Shahrokh M. Saudagaran
Oklahoma State University - Stillwater - School of Accounting, University of Oklahoma - Michael F. Price College of Business and University of Washington, Tacoma - Milgard School of Business
Downloads 3,527 (1,789)
Citation 3

Abstract:

fixed assets, fair values, relevance, reliability

Value Relevance of FAS 157 Fair Value Hierarchy Information and the Impact of Corporate Governance Mechanisms

Accounting Review, Vol. 85, No. 4, 2010
Number of pages: 50 Posted: 05 Aug 2008 Last Revised: 17 Dec 2009
Chang Joon Song, Wayne B. Thomas and Han Yi
Virginia Tech, University of Oklahoma - Michael F. Price College of Business and Korea University
Downloads 3,112 (2,586)
Citation 28

Abstract:

FAS 157, Value Relevance, Fair Values, Fair Value Hierarchy, Corporate Governance

Value Relevance of FAS 157 Fair Value Hierarchy Information and the Impact of Corporate Governance Mechanisms

Accounting Review, Forthcoming
Posted: 10 Nov 2009
Chang Joon Song, Wayne B. Thomas and Han Yi
Virginia Tech, University of Oklahoma - Michael F. Price College of Business and Korea University

Abstract:

FAS 157, Fair Value, Fair Value Hierarchy, Value Relevance, Corporate Governance

Financial Reporting Quality of U.S. Private and Public Firms

The Accounting Review, September 2013, Rotman School of Management Working Paper No. 1995124
Number of pages: 49 Posted: 30 Jan 2012 Last Revised: 06 Mar 2013
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 1,394 (10,228)
Citation 6

Abstract:

Private firms, financial reporting quality, public versus private, demand, opportunism, mitigating factors

Financial Reporting Quality of U.S. Private and Public Firms

The Accounting Review, Forthcoming, Rotman School of Management Working Paper No. 2213831
Number of pages: 49 Posted: 09 Feb 2013 Last Revised: 03 May 2013
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 495 (45,982)
Citation 6

Abstract:

private firms, financial reporting quality, public versus private, demand, opportunism, mitigating factors

4.

A Review of Markets-Based International Accounting Research

Journal of Intrernational Accounting Research, Vol. 3, No. 1, 2004
Number of pages: 43 Posted: 15 Sep 2003 Last Revised: 15 Dec 2011
Gary K. Meek and Wayne B. Thomas
Oklahoma State University - Stillwater - School of Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 1,668 (7,313)
Citation 14

Abstract:

capital markets, international accounting, review

5.
Downloads 1,279 ( 12,029)
Citation 3

Agency Conflicts and Auditing in Private Firms

Number of pages: 51 Posted: 12 Sep 2010 Last Revised: 08 Jun 2012
University of Toronto - Rotman School of Management, BI Norwegian Business School - Department of Accounting, Auditing and Business Analytics and University of Oklahoma - Michael F. Price College of Business
Downloads 1,042 (16,192)
Citation 3

Abstract:

Agency conflicts, auditing, private firms, family relationships, ownership, audit effort, audit demand

Agency Conflicts and Auditing in Private Firms

Forthcoming, Accounting, Organizations, and Society
Number of pages: 51 Posted: 12 Jun 2012
University of Toronto - Rotman School of Management, BI Norwegian Business School - Department of Accounting, Auditing and Business Analytics and University of Oklahoma - Michael F. Price College of Business
Downloads 237 (108,323)
Citation 3

Abstract:

Agency conflicts, auditing, private firms, family relationships, ownership, audit effort, audit demand

Relationship-Specificity, Contract Enforceability, and Income Smoothing

Number of pages: 52 Posted: 26 Nov 2010 Last Revised: 23 Nov 2012
Yiwei Dou, Ole-Kristian Hope and Wayne B. Thomas
New York University (NYU) - Department of Accounting, University of Toronto - Rotman School of Management and University of Oklahoma - Michael F. Price College of Business
Downloads 819 (23,252)
Citation 8

Abstract:

Income Smoothing, Informational Component, Relationship-Specific Investments, Contract Enforceability, Legal Protection, International

Relationship-Specificity, Contract Enforceability, and Income Smoothing

Accounting Review, Forthcoming, Rotman School of Management Working Paper No. 2213827
Number of pages: 52 Posted: 09 Feb 2013
Yiwei Dou, Ole-Kristian Hope and Wayne B. Thomas
New York University (NYU) - Department of Accounting, University of Toronto - Rotman School of Management and University of Oklahoma - Michael F. Price College of Business
Downloads 333 (74,556)
Citation 8

Abstract:

Income Smoothing, Informational Component, Relationship-Specific Investments, Contract Enforceability, Legal Protection, International

7.
Downloads 1,060 ( 16,135)
Citation 3

Tax Avoidance and Geographic Earnings Disclosure

Number of pages: 54 Posted: 14 Mar 2012 Last Revised: 28 May 2013
Ole-Kristian Hope, Mark (Shuai) Ma and Wayne B. Thomas
University of Toronto - Rotman School of Management, American University - Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 579 (37,514)
Citation 3

Abstract:

Tax Avoidance, Geographic Earnings Disclosure, SFAS 131, Schedule M-3, Research Design

Tax Avoidance and Geographic Earnings Disclosure

Journal of Accounting & Economics (JAE), Forthcoming, Rotman School of Management Working Paper No. 2285110
Number of pages: 54 Posted: 27 Jun 2013
Ole-Kristian Hope, Mark (Shuai) Ma and Wayne B. Thomas
University of Toronto - Rotman School of Management, American University - Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 481 (47,671)
Citation 3

Abstract:

Tax Avoidance, Geographic Earnings Disclosure, SFAS 131, Schedule M-3, Research Design

8.
Downloads 853 ( 22,264)
Citation 1

Tax Havens and Disclosure Aggregation

Rotman School of Management Working Paper No. 2419573
Number of pages: 44 Posted: 04 Apr 2014 Last Revised: 15 Mar 2017
Herita T. Akamah, Ole-Kristian Hope and Wayne B. Thomas
University of Nebraska at Lincoln - School of Accountancy, University of Toronto - Rotman School of Management and University of Oklahoma - Michael F. Price College of Business
Downloads 779 (25,007)
Citation 1

Abstract:

Tax havens, aggregation, disclosure quality, tax avoidance, segment disclosure, Exhibit 21

Tax Havens and Disclosure Aggregation

Forthcoming, Journal of International Business Studies
Number of pages: 44 Posted: 24 Apr 2017
Herita T. Akamah, Ole-Kristian Hope and Wayne B. Thomas
University of Nebraska at Lincoln - School of Accountancy, University of Toronto - Rotman School of Management and University of Oklahoma - Michael F. Price College of Business
Downloads 74 (275,992)
Citation 1

Abstract:

Tax havens, aggregation, disclosure transparency, tax avoidance, geographic reporting, Exhibit 21

The Effects of SFAS 131 Geographic Segment Disclosures by U.S. Multinational Companies on the Valuation of Foreign Earnings

Number of pages: 47 Posted: 15 Sep 2004 Last Revised: 03 Jan 2008
University of Toronto - Rotman School of Management, McMaster University - DeGroote School of Business, University of Oklahoma - Michael F. Price College of Business and London Business School
Downloads 827 (22,925)
Citation 9

Abstract:

Foreign earnings, geographic disclosures, valuation, SFAS 131

The Effects of SFAS 131 Geographic Segment Disclosures by U.S. Multinational Companies on the Valuation of Foreign Earnings

Journal of International Business Studies, Forthcoming
Posted: 03 Jan 2008
University of Toronto - Rotman School of Management, McMaster University - DeGroote School of Business, University of Oklahoma - Michael F. Price College of Business and London Business School

Abstract:

Geographic segment disclosures, valuation, foreign earnings, SFAS 131, international

Individual Large Shareholders, Earnings Management, and Capital Market Consequences

Journal of Business Finance & Accounting, Forthcoming, Rotman School of Management Working Paper No. 2283839
Number of pages: 46 Posted: 24 Jun 2013 Last Revised: 31 Jul 2016
Yiwei Dou, Ole-Kristian Hope, Wayne B. Thomas and Youli Zou
New York University (NYU) - Department of Accounting, University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and George Washington University - Department of Accountancy
Downloads 820 (23,217)

Abstract:

Large shareholders, blockholders, earnings management, fixed effects, market reaction

Individual Large Shareholders, Earnings Management, and Capital‐Market Consequences

Journal of Business Finance & Accounting, Vol. 43, Issue 7-8, pp. 872-902, 2016
Number of pages: 31 Posted: 30 Sep 2016
Yiwei Dou, Ole-Kristian Hope, Wayne B. Thomas and Youli Zou
New York University (NYU) - Department of Accounting, University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and George Washington University - Department of Accountancy
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Abstract:

blockholders, large shareholders, earnings management, fixed effects, market reactions

11.
Downloads 814 ( 23,878)
Citation 42

Managerial Empire Building and Firm Disclosure

Number of pages: 53 Posted: 07 Jul 2007 Last Revised: 01 Feb 2008
Ole-Kristian Hope and Wayne B. Thomas
University of Toronto - Rotman School of Management and University of Oklahoma - Michael F. Price College of Business
Downloads 814 (23,474)
Citation 42

Abstract:

Empire building, disclosure, agency cost hypothesis, SFAS 131

Managerial Empire Building and Firm Disclosure

Journal of Accounting Research, 2008
Posted: 28 Nov 2007
Ole-Kristian Hope and Wayne B. Thomas
University of Toronto - Rotman School of Management and University of Oklahoma - Michael F. Price College of Business

Abstract:

Empire building, disclosure, agency cost hypothesis, SFAS 131

Financial Credibility, Ownership, and Financing Constraints in Private Firms

AAA 2009 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 49 Posted: 08 Sep 2008 Last Revised: 19 Mar 2011
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 803 (23,929)
Citation 10

Abstract:

Financing constraints, financial credibility, ownership concentration, private companies, international, institutional environment, auditing

Financial Credibility, Ownership, and Financing Constraints in Private Firms

Journal of International Business Studies, Vol. 42, Issue 7, pp. 935-957, 2011
Number of pages: 23 Posted: 10 Sep 2011
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 4 (557,573)
Citation 10
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Abstract:

International Evidence on Analyst Stock Recommendations, Valuations, and Returns

Number of pages: 51 Posted: 28 Feb 2009 Last Revised: 23 Jan 2010
Ran Barniv, Ole-Kristian Hope, Mark Myring and Wayne B. Thomas
Kent State University - Department of Accounting, University of Toronto - Rotman School of Management, Ball State University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 792 (24,416)
Citation 6

Abstract:

Analysts, international, valuation, earnings forecasts, stock recommendations, investor participation, investor protection

International Evidence on Analyst Stock Recommendations, Valuations, and Returns

Contemporary Accounting Research, Forthcoming
Posted: 27 Jan 2010
Ran Barniv, Ole-Kristian Hope, Mark Myring and Wayne B. Thomas
Kent State University - Department of Accounting, University of Toronto - Rotman School of Management, Ball State University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business

Abstract:

Analysts, international, valuation, earnings forecasts, stock recommendations, investor participation

The Implications of Using Stock-Split Adjusted I/B/E/S Data in Empirical Research

Number of pages: 34 Posted: 17 Apr 2002
Jeff L. Payne and Wayne B. Thomas
University of Kentucky - Von Allmen School of Accountancy and University of Oklahoma - Michael F. Price College of Business
Downloads 783 (24,823)
Citation 77

Abstract:

Analysts' Forecast Errors, Earnings, Earnings Changes, Earnings Announcement Returns, Dispersion, Misclassification

The Implications of Using Stock-Split Adjusted I/B/E/S Data in Empirical Research

Accounting Review, Vol. 78, October 2003
Posted: 12 Jun 2003
Jeff L. Payne and Wayne B. Thomas
University of Kentucky - Von Allmen School of Accountancy and University of Oklahoma - Michael F. Price College of Business

Abstract:

Analysts' Forecast Errors, Earnings, Earnings Changes, Earnings Announcement Returns, Dispersion, Misclassification

Impact of Excess Auditor Remuneration on Cost of Equity Capital Around the World

Number of pages: 47 Posted: 01 Apr 2008
Ole-Kristian Hope, Tony Kang, Wayne B. Thomas and Yong Keun Yoo
University of Toronto - Rotman School of Management, McMaster University - DeGroote School of Business, University of Oklahoma - Michael F. Price College of Business and Korea University Business School
Downloads 768 (25,546)
Citation 9

Abstract:

Auditing, auditor independence, economic bonding, cost of equity capital, international, investor protection

Impact of Excess Auditor Remuneration on Cost of Equity Capital Around the World

Journal of Accounting, Auditing and Finance, Forthcoming
Posted: 17 Apr 2008
Ole-Kristian Hope, Tony Kang, Wayne B. Thomas and Yong Keun Yoo
University of Toronto - Rotman School of Management, McMaster University - DeGroote School of Business, University of Oklahoma - Michael F. Price College of Business and Korea University Business School

Abstract:

Auditing, auditor independence, economic bonding, cost of equity capital, international, investor protection

The Cost of Pride: Why Do Firms from Developing Countries Bid Higher?

Number of pages: 48 Posted: 08 Jan 2008 Last Revised: 11 Jan 2010
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 612 (34,841)
Citation 4

Abstract:

Mergers & Acquisitions, bid premium, national pride, emerging markets

The Cost of Pride: Why do Firms from Developing Countries Bid Higher?

Journal of International Business Studies, Forthcoming
Number of pages: 48 Posted: 10 Jan 2010
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 117 (203,056)
Citation 4

Abstract:

Mergers & Acquisitions, bid premium, national pride, emerging markets

The Cost of Pride: Why do Firms from Developing Countries Bid Higher?

Journal of International Business Studies, Vol. 42, No. 1, pp. 128-151, 2011
Number of pages: 24 Posted: 27 Dec 2010
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 2 (571,897)
Citation 4
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Abstract:

17.
Downloads 552 ( 40,530)
Citation 12

The Sale of Assets to Manage Earnings in Japan

Number of pages: 37 Posted: 17 Oct 2001
Don Herrmann, Wayne B. Thomas and Tatsuo Inoue
Oklahoma State University - Stillwater - School of Accounting, University of Oklahoma - Michael F. Price College of Business and Kwansei Gakuin University - Business School
Downloads 552 (39,982)
Citation 12

Abstract:

Asset sales; Earnings management; Management forecasts; Historical cost

The Sale of Assets to Manage Earnings in Japan

Journal of Accounting Research, Vol. 41, No. 1, March 2003
Posted: 29 Jan 2003
Don Herrmann, Wayne B. Thomas and Tatsuo Inoue
Oklahoma State University - Stillwater - School of Accounting, University of Oklahoma - Michael F. Price College of Business and Kwansei Gakuin University - Business School

Abstract:

Asset sales, Earnings management, Management forecasts, Historical cost

18.

Earning Management: Do Firms Play 'Follow the Leader'?

Contemporary Accounting Research, Vol. 33, No. 2, pp. 616-643, 2016
Number of pages: 42 Posted: 31 Jul 2012 Last Revised: 02 Jun 2016
Brian Bratten, Jeff L. Payne and Wayne B. Thomas
University of Kentucky - Von Allmen School of Accountancy, University of Kentucky - Von Allmen School of Accountancy and University of Oklahoma - Michael F. Price College of Business
Downloads 533 (30,158)
Citation 1

Abstract:

earnings management, information transfer, analysts’ forecasts

Do Analysts Practice What They Preach and Should Investors Listen? Effects of Recent Regulations

Number of pages: 41 Posted: 08 Sep 2008 Last Revised: 17 Sep 2008
Ran Barniv, Ole-Kristian Hope, Mark Myring and Wayne B. Thomas
Kent State University - Department of Accounting, University of Toronto - Rotman School of Management, Ball State University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 493 (46,197)
Citation 12

Abstract:

Analysts, stock recommendations, earnings forecasts, residual income models, valuation, regulation, Reg FD

Do Analysts Practice What they Preach and Should Investors Listen? Effects of Recent Regulations

Accounting Review, Forthcoming
Posted: 03 Oct 2008
Ran Barniv, Ole-Kristian Hope, Mark Myring and Wayne B. Thomas
Kent State University - Department of Accounting, University of Toronto - Rotman School of Management, Ball State University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business

Abstract:

Stock recommendations, residual income valuations, valuation heuristics, future returns, regulations

20.

The Association Between the Legal and Financial Reporting Environments and Forecast Performance of Individual Analysts

Contemporary Accounting Research, Vol. 22, No. 4, December 2005
Number of pages: 45 Posted: 13 Oct 2005
Ran Barniv, Wayne B. Thomas and Mark Myring
Kent State University - Department of Accounting, University of Oklahoma - Michael F. Price College of Business and Ball State University - Department of Accounting
Downloads 473 (46,078)
Citation 18

Abstract:

Analysts characteristics, relative forecast performance, investor demand, common law, civil law, quality of financial reporting systems, international accounting

21.

Blockholder Exit Threats and Financial Reporting Quality

Rotman School of Management Working Paper No. 2374770
Number of pages: 42 Posted: 06 Jan 2014 Last Revised: 13 Jul 2016
Yiwei Dou, Ole-Kristian Hope, Wayne B. Thomas and Youli Zou
New York University (NYU) - Department of Accounting, University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and George Washington University - Department of Accountancy
Downloads 410 (23,119)
Citation 1

Abstract:

Blockholders, exit theory, financial reporting quality, liquidity, wealth-performance sensitivity

22.

The Influence of Strong Shareholders on Earnings Management

Number of pages: 43 Posted: 05 Dec 2012 Last Revised: 14 May 2014
Bradley E. Lail, Gregory W. Martin and Wayne B. Thomas
Baylor University, University of North Carolina (UNC) at Charlotte - Department of Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 368 (54,829)

Abstract:

23.

Managing Earnings Using Classification Shifting: Evidence from Quarterly Special Items

The Accounting Review, Vol. 85, No. 4, pp. 1303–1323, July 2010,
Number of pages: 39 Posted: 05 Oct 2009 Last Revised: 07 Sep 2010
Yun Fan, Abhijit Barua, William M. Cready and Wayne B. Thomas
University of Houston - C. T. Bauer College of Business, Florida International University - School of Accounting, University of Texas at Dallas - Naveen Jindal School of Management and University of Oklahoma - Michael F. Price College of Business
Downloads 362 (49,783)
Citation 15

Abstract:

Classification shifting, special items, earnings thresholds, accruals manipulation constraints

The Relation Between Incremental Subsidiary Earnings and Future Stock Returns in Japan

Number of pages: 32 Posted: 03 Jan 2002
Don Herrmann, Wayne B. Thomas and Tatsuo Inoue
Oklahoma State University - Stillwater - School of Accounting, University of Oklahoma - Michael F. Price College of Business and Kwansei Gakuin University - Business School
Downloads 361 (67,767)
Citation 6

Abstract:

Consolidated earnings, Parent-only earnings, Market efficiency, Mishkin model, Japan

The Relation Between Incremental Subsidiary Earnings and Future Stock Returns in Japan

Journal of Business Finance & Accounting, Vol. 28, Nos. 9/10, November/December 2001
Posted: 14 Jan 2002
Don Herrmann, Wayne B. Thomas and Tatsuo Inoue
Oklahoma State University - Stillwater - School of Accounting, University of Oklahoma - Michael F. Price College of Business and Kwansei Gakuin University - Business School

Abstract:

Consolidated earnings; Parent-only earnings; Market efficiency; Mishkin model; Japan

The Market’s Reaction to Unexpected Earnings Thresholds

Number of pages: 42 Posted: 24 Apr 2010 Last Revised: 29 Jul 2010
Oklahoma State University - Stillwater - School of Accounting, University of Toronto - Rotman School of Management, University of Kentucky - Von Allmen School of Accountancy and University of Oklahoma - Michael F. Price College of Business
Downloads 231 (111,151)
Citation 3

Abstract:

Analyst forecasts, earnings thresholds, market reaction

The Market’s Reaction to Unexpected Earnings Thresholds

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 42 Posted: 08 Aug 2010
Oklahoma State University - Stillwater - School of Accounting, University of Toronto - Rotman School of Management, University of Kentucky - Von Allmen School of Accountancy and University of Oklahoma - Michael F. Price College of Business
Downloads 88 (248,009)
Citation 3

Abstract:

Analyst forecasts, earnings thresholds, market reaction

26.
Downloads 313 ( 80,507)
Citation 12

Geographic Earnings Disclosure and Trading Volume

Number of pages: 50 Posted: 20 Apr 2007 Last Revised: 10 Jun 2008
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and Winthrop University
Downloads 313 (79,984)
Citation 12

Abstract:

Trading volume, private information, economic theory, segment disclosure, geographic earnings

Geographic Earnings Disclosure and Trading Volume

Journal of Accounting and Public Policy, Forthcoming
Posted: 10 Jun 2008
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and Winthrop University

Abstract:

Trading volume, private information, economic theory, segment disclosure, geographic earnings, SFAS 131

The Stock Price Effects of Changes in Dispersion of Investor Beliefs during Earnings Announcements

Number of pages: 51 Posted: 27 Feb 2008 Last Revised: 15 Apr 2008
Lynn L. Rees and Wayne B. Thomas
Texas A&M University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 297 (84,915)
Citation 2

Abstract:

Dispersion of beliefs, cost of capital, equity call option, market friction, announcement returns

The Stock Price Effects of Changes in Dispersion of Investor Beliefs During Earnings Announcements

Review of Accounting Studies, Forthcoming
Posted: 28 Apr 2008
Lynn L. Rees and Wayne B. Thomas
Texas A&M University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business

Abstract:

Dispersion of beliefs, cost of capital, equity call option, market friction, announcement returns

28.

Stakeholder Demand for Accounting Quality and Economic Usefulness of Accounting in U.S. Private Firms

Journal of Accounting and Public Policy, Forthcoming, Rotman School of Management Working Paper No. 2457956
Number of pages: 38 Posted: 25 Jun 2014 Last Revised: 22 Sep 2016
Ole-Kristian Hope, Wayne B. Thomas and Dushyantkumar Vyas
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business and University of Toronto - Rotman School of Management
Downloads 272 (35,665)

Abstract:

private firms, accrual quality, stakeholders, demand factors, cash-flow prediction

29.

The Torpedo Effect: Myth or Reality?

Journal of Accounting, Auditing and Finance, Vol. 26, No. 2, 2011
Number of pages: 37 Posted: 30 Dec 2008 Last Revised: 15 Dec 2011
Jeff L. Payne and Wayne B. Thomas
University of Kentucky - Von Allmen School of Accountancy and University of Oklahoma - Michael F. Price College of Business
Downloads 268 (87,445)
Citation 3

Abstract:

Earnings thresholds, market reaction, torpedo effect

30.
Downloads 265 ( 96,814)
Citation 1

Abnormal Accrual Estimates and Evidence of Mispricing

Number of pages: 52 Posted: 01 Dec 2011 Last Revised: 05 Dec 2011
C.S. Agnes Cheng, Cathy Zishang Liu and Wayne B. Thomas
Hong Kong Polytechnic University - School of Accounting and Finance, affiliation not provided to SSRN and University of Oklahoma - Michael F. Price College of Business
Downloads 265 (96,327)
Citation 1

Abstract:

abnormal accruals, accrual model(s)

Abnormal Accrual Estimates and Evidence of Mispricing

Journal of Business Finance & Accounting, Vol. 39, Issue 1‐2, pp. 1-34, 2012,
Number of pages: 34 Posted: 03 Mar 2012
C.S. Agnes Cheng, Cathy Zishang Liu and Wayne B. Thomas
Hong Kong Polytechnic University - School of Accounting and Finance, affiliation not provided to SSRN and University of Oklahoma - Michael F. Price College of Business
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Citation 1
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Abstract:

abnormal accruals, discretionary accruals, accrual models, mispricing

31.

International Diversification and Forecast Optimism: The Effects of Reg FD

Accounting Horizons, Vol. 22, No. 2, 2008
Number of pages: 33 Posted: 10 Dec 2007 Last Revised: 15 Dec 2011
Ole-Kristian Hope, Don Herrmann and Wayne B. Thomas
University of Toronto - Rotman School of Management, Oklahoma State University - Stillwater - School of Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 265 (90,525)
Citation 10

Abstract:

Analysts, forecast bias, Reg FD, international diversification

32.

Classification Shifting Using the 'Corporate/Other' Segment

Accounting Horizons, Forthcoming
Number of pages: 34 Posted: 28 Apr 2013
Bradley E. Lail, Wayne B. Thomas and Glyn J. Winterbotham
Baylor University, University of Oklahoma - Michael F. Price College of Business and Winthrop University
Downloads 195 (86,779)
Citation 1

Abstract:

Segment reporting, corporate expenses, classification shifting, agency costs, proprietary costs

Earnings Announcements, Differences of Opinion, and Management Guidance

Journal of Business Finance & Accounting, Forthcoming
Number of pages: 44 Posted: 17 Feb 2011 Last Revised: 03 May 2013
Sami Keskek, Lynn L. Rees and Wayne B. Thomas
University of Arkansas - Sam M. Walton College of Business, Texas A&M University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business
Downloads 190 (134,485)

Abstract:

Differences of opinion, short-sale constraints, management earnings guidance, earnings announcements, market efficiency

Earnings Announcements, Differences of Opinion and Management Guidance

Journal of Business Finance & Accounting, Vol. 40, Issue 7-8, pp. 769-795, 2013
Number of pages: 27 Posted: 15 Nov 2013
Sami Keskek, Lynn L. Rees and Wayne B. Thomas
University of Arkansas - Sam M. Walton College of Business, Texas A&M University - Department of Accounting and University of Oklahoma - Michael F. Price College of Business
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Abstract:

differences of opinion, short‐sale constraints, management earnings guidance, earnings announcements, market efficiency

34.

Cost Shifting in Nonprofit Hospitals

Number of pages: 48 Posted: 03 Nov 2011
Ashley N. Newton and Wayne B. Thomas
University of Oklahoma - Michael F. Price College of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 141 (150,561)

Abstract:

nonprofit hospitals, classification shifting, earnings management, earnings thresholds

35.

The Effect of Regulatory Benchmarks on Firm Reporting Behavior

Journal of International Accounting Research 14 (1): 85-107, 2016
Number of pages: 39 Posted: 29 Sep 2013 Last Revised: 07 Sep 2016
Yun Fan, Wayne B. Thomas and Chong Wang
University of Houston - C. T. Bauer College of Business, University of Oklahoma - Michael F. Price College of Business and University of Kentucky
Downloads 80 (203,483)

Abstract:

Regulatory benchmark, disclosure regulation, earnings management, monitoring

36.

A Test of the Market’s Mispricing of Domestic and Foreign Earnings

Number of pages: 38 Posted: 16 Dec 2011
Wayne B. Thomas
University of Oklahoma - Michael F. Price College of Business
Downloads 68 (253,342)
Citation 32

Abstract:

Capital markets, Market efficiency, Valuation, Multinational firms, Foreign earnings

37.

Managerial Equity Holdings and Income Smoothing Incentives

Journal of Management Accounting Research, Forthcoming
Number of pages: 49 Posted: 20 Aug 2015 Last Revised: 04 Mar 2017
Sydney Q. Shu and Wayne B. Thomas
San Diego State University - College of Business Administration and University of Oklahoma - Michael F. Price College of Business
Downloads 47 (129,072)

Abstract:

stock holdings; option holdings; executive compensation; income smoothing; earnings predictability; earnings management incentive

38.

What Determines Management Cash Flow Forecasts in the Oil and Gas Industry?

Oil, Gas and Energy Quarterly 62 (1): 37–55.,
Number of pages: 30 Posted: 25 Jul 2015
Yun Fan and Wayne B. Thomas
University of Houston - C. T. Bauer College of Business and University of Oklahoma - Michael F. Price College of Business
Downloads 32 (203,483)

Abstract:

Management cash flow forecasts, voluntary disclosure, oil and gas industry, earnings forecasts, value relevance.

39.

Firm Characteristics and the Pricing of Foreign Earnings of US Multinational Firms

Journal of International Financial Management & Accounting, Vol. 15, No. 2, pp. 145-173, June 2004
Number of pages: 29 Posted: 05 Jul 2004
Wayne B. Thomas
University of Oklahoma - Michael F. Price College of Business
Downloads 22 (436,498)
Citation 6
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Abstract:

Pricing and Mispricing Effects of SFAS 131

Journal of Business Finance & Accounting, Vol. 35, Nos. 3-4, pp. 281-306, April/May 2008
Number of pages: 26 Posted: 22 Apr 2008
Ole-Kristian Hope, Tony Kang and Wayne B. Thomas
University of Toronto - Rotman School of Management, McMaster University - DeGroote School of Business and University of Oklahoma - Michael F. Price College of Business
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Citation 6
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Abstract:

Pricing and Mispricing Effects of SFAS 131

Journal of Business Finance and Accounting, 2008
Posted: 15 Feb 2008
University of Toronto - Rotman School of Management, University of Oklahoma - Michael F. Price College of Business, McMaster University - DeGroote School of Business and London Business School

Abstract:

Segment disclosure, SFAS 131 foreign earnings, valuation, mispricing

41.

The Effects of SFAS 131 Geographic Segment Disclosures by Us Multinational Companies on the Valuation of Foreign Earnings

Journal of International Business Studies, Vol. 40, Issue 3, pp. 421-443, 2009
Number of pages: 23 Posted: 13 Apr 2011
University of Toronto - Rotman School of Management, McMaster University - DeGroote School of Business, University of Oklahoma - Michael F. Price College of Business and London Business School
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Citation 5
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Abstract:

42.

The Market's Reaction to Unexpected Earnings Thresholds

Journal of Business Finance & Accounting, Vol. 38, Issue 1-2, pp. 34-57, 2011
Number of pages: 24 Posted: 16 Mar 2011
Oklahoma State University - Stillwater - School of Accounting, University of Toronto - Rotman School of Management, University of Kentucky - Von Allmen School of Accountancy and University of Oklahoma - Michael F. Price College of Business
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Citation 3
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Abstract:

analyst forecasts, earnings thresholds, market reaction

43.

A New Measure of Managers' Intentional Income Smoothing

Tuck School of Business Working Paper No. 3026235
Number of pages: 46 Posted: 29 Aug 2017
Dirk E. Black, Spencer Pierce and Wayne B. Thomas
Tuck School of Business at Dartmouth, Florida State University - College of Business and University of Oklahoma - Michael F. Price College of Business
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Abstract:

income smoothing, earnings management, earnings volatility

44.

Financial Reporting Quality and Auditor Locality Contagion

Auditing: A Journal of Practice & Theory, Forthcoming
Posted: 03 Feb 2017
Gregory W. Martin, Wayne B. Thomas and Jamie Diaz
University of North Carolina (UNC) at Charlotte - Department of Accounting, University of Oklahoma - Michael F. Price College of Business and College of William and Mary

Abstract:

Financial Reporting Quality, Audit Quality, Restatements, Contagion

45.

The Impact of Financial Covenants in Private Loan Contracts on Classification Shifting

Number of pages: 64 Posted: 17 Oct 2015 Last Revised: 03 Sep 2016
Yun Fan, Wayne B. Thomas and Xiaoou (Sean) Yu
University of Houston - C. T. Bauer College of Business, University of Oklahoma - Michael F. Price College of Business and California State University, Long Beach
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Abstract:

Classification shifting, debt contracting, private loans, EBITDA, special items

S&P 500 Membership and Managers’ Supply of Conservative Financial Reports

Journal of Business Finance & Accounting, Vol. 43, Issue 5-6, pp. 543-571, 2016
Number of pages: 29 Posted: 29 Jul 2016
Gregory W. Martin, Wayne B. Thomas and Matthew M. Wieland
University of North Carolina (UNC) at Charlotte - Department of Accounting, University of Oklahoma - Michael F. Price College of Business and Miami University of Ohio - Department of Accountancy
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Abstract:

conservatism, S&P 500, information asymmetry, earnings quality, agency theory

S&P 500 Membership and Managers’ Supply of Conservative Financial Reports

Forthcoming, Journal of Business, Finance, and Accounting
Posted: 25 Oct 2013 Last Revised: 23 Feb 2016
Gregory W. Martin, Wayne B. Thomas and Matthew M. Wieland
University of North Carolina (UNC) at Charlotte - Department of Accounting, University of Oklahoma - Michael F. Price College of Business and Miami University of Ohio - Department of Accountancy

Abstract:

Conservatism, S&P 500, Information Asymmetry, Earnings Quality, Agency Theory

47.

Culture and Auditor Choice: A Test of the Secrecy Hypothesis

Journal of Accounting and Public Policy, Forthcoming
Posted: 26 Feb 2008
Ole-Kristian Hope, Tony Kang, Wayne B. Thomas and Yong Keun Yoo
University of Toronto - Rotman School of Management, McMaster University - DeGroote School of Business, University of Oklahoma - Michael F. Price College of Business and Korea University Business School

Abstract:

Culture, Secrecy, Auditor Quality, International

48.

The Effect of Changes in Japanese Consolidation Policy on Analyst Forecast Error

Journal of Accounting and Public Policy, January/February 2007
Posted: 20 Sep 2006
Don Herrmann, Wayne B. Thomas and Tatsuo Inoue
Oklahoma State University - Stillwater - School of Accounting, University of Oklahoma - Michael F. Price College of Business and Kwansei Gakuin University - Business School

Abstract:

Consolidation policy, forecast error, convergence, parent, subsidiary

49.

Evidence of the Abnormal Accrual Anomaly Incremental to Operating Cash Flows

Accounting Review, Vol. 81, October 2006
Posted: 25 Apr 2006
C.S. Agnes Cheng and Wayne B. Thomas
Hong Kong Polytechnic University - School of Accounting and Finance and University of Oklahoma - Michael F. Price College of Business

Abstract:

Abnormal Accruals, Market Mispricing, Operating Cash Flows-to-Price Ratio, Value-Glamour Anomaly

50.

Rounding of Analyst Forecasts

Accounting Review, Vol. 80, July 2005
Posted: 15 Mar 2005
Don Herrmann and Wayne B. Thomas
Oklahoma State University - Stillwater - School of Accounting and University of Oklahoma - Michael F. Price College of Business

Abstract:

Heaping, rounding, analyst forecast accuracy, dispersion

51.

A Test of the Market's Mispricing of Domestic and Foreign Earnings

Journal of Accounting and Economics, Vol. 28, No. 3, 1999, 243-267.
Posted: 21 Mar 2002
Wayne B. Thomas
University of Oklahoma - Michael F. Price College of Business

Abstract:

52.

The Persistence and Forecast Accuracy of Earnings Components in the USA and Japan

As published in Journal of International Financial Management & Accounting, Vol 11, Issue 1, pp. 48-70, Spring 2000
Posted: 27 Jun 2000
Don Herrmann, Wayne B. Thomas and Tatsuo Inoue
Oklahoma State University - Stillwater - School of Accounting, University of Oklahoma - Michael F. Price College of Business and Kwansei Gakuin University - Business School

Abstract: