Volume 27, No. 1 February 1999

JOURNAL OF ACCOUNTING AND ECONOMICS

Contents

J.E. Core and C.M. Schrand, The effect of accounting-based debt covenants on equity valuation 1

M.L. DeFond and C.W. Park, The effect of competition on CEO turnover 35

R.R. Mendenhall and D.H. Fehrs, Option listing and the stock-price response to earnings announcements 57

P.E. Fischer and R.E. Verrecchia, Public information and heuristic trade 89

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JOURNAL OF ACCOUNTING & ECONOMICS
VOL.27, NO.2
Contents

R.M. Hayes and S. Schaefer, How much are
differences in managerial ability worth?. 125

M. Erickson and S.-w. Wang, Earnings manage
by acquiring firms in stock for stock mergers 149

R. Indjejikian and D. Nanda, Dynamic incentives ant
responsibility accounting 177

C.-W. Jevons Lee, C. Liu and T. Wang, The 150-hour
rule 203

J. Begley and G.A. Feltham, An empirical exalTliriatk
of the relation between debt contracts and



management incentives 229

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JOURNAL OF ACCOUNTING & ECONOMICS

VOL. 27, NO. 3, JUNE 1999


P.K. Chaney, C.E. Hogan and D.C. Jeter, The effect of
I reporting restructuring charges on analysts' fore-
cast revisions and errors 261


M.B. Clement, Analyst forecast accuracy: Do ability,
resources, and portfolio complexity matter? 285


C.F. Noe, Voluntary disclosures and insider transac-
lions 305


Acknowledgement 327

INDEX 331

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