Exact distributions of Bayesian Cox-Snell bounds in auditing

Article Abstract:

The analytic properties of the Cox-Snell upper bounds model in accounting are analyzed. A theoretical method to derive the probability distribution of a random variable upper bound for a given population is developed. The theoretical method is found to be superior to simulation when population distributions can be represented by relatively simple functions, by simulation is still necessary for complicated population distributions.

Analysis, Bayesian statistical decision theory, Bayesian analysis

---

The power of Beaver's U against a variance increase in market model residuals

Article Abstract:

A general empirical distribution procedure is developed to test both Beaver's U and May's U. For leptokurtic residuals the procedure is found to be unbiased against the null. The procedure is also found to provide a reliable alternative to normal Beaver's U and May's U approximations and it is easy to use. Analysis results show that May's U is preferable to Beaver's U for detecting variance increases in non-normal daily residuals.

Analysis of variance

---

Similar abstracts:

• Abstracts: Efficient investment and financial intermediation. Money and Credit in liquidity provision. Return predictability following large price changes and information releases
• Abstracts: Financial performance and survival of multinational corporations in China. Choice and determinism: a test of Hrebiniak and Joyce's framework on strategy-environment fit
• Abstracts: CEO selection, succession, compensation and firm performance: a theoretical integration and empirical analysis
• Abstracts: A comment on the empirical distribution of squared unexpected returns. Noncontrollable costs and optimal performance measurement

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.