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• RR94 - The cost of capital in Europe: an empirical analysis and the preliminary impact of international accounting harmonisation
• 10 Dec 2006
• The report examines the properties of a cost of capital measure that is based on analysts' expectations: the 'implied costs of capital'. It reports on a study which calculated the implied costs of capital for large samples of European quoted companies, and examined the evolution of the cost of capital in Europe from 1995 to 2005. It also compares UK companies' cost of capital with that for their counterparts in the rest of Europe. Finally, it incorporates some findings from current research on the association between implied costs of capital and actual stock returns.
• RR92 - Impairment of assets - measurement without disclosure?
• 06 Sep 2006
• This report assesses the extent of asset impairment losses disclosed by companies listed on the FTSE 350 index, within the context of Financial Reporting Standard 11, Impairment of Fixed Assets and Goodwill (ASB 1998), using published financial reports available in 2004.
• RR89 - The operating and financial review - a catalyst for improved corporate social and environmental disclosure?
• 14 Oct 2005
• Social and environmental issues fall within the ambit 'consider’, rather than compulsory Operating and Financial (OFR) content. So has the opportunity been missed for corporate disclosure of information regarding the social environmental impact and policies of the business? This report discusses the views of UK big business.
• RR83 - Valuing Human Resources
• 05 Jul 2004
• This study identifies current perceptions and practices in the area of valuing and measuring human resources. The research focuses on the importance of valuing human resources in UK organisations, current measurement practices, the identification of barriers to the valuation of human resources and the progress expected in this field over the next five years.
• RR82 - A Behavioural Finance Perspective on IPOs and SEOs
• 25 Jun 2003
• This report details the findings of an extensive investigation into how and why UK firms raise equity capital. The project was divided into two parts: first, an analysis of the decision to issue shares for the first time as part of the flotation process (i.e. initial public offerings, or IPOs) and second, an examination of the decision by listed firms to raise further equity capital (i.e. seasoned equity offerings, or SEOs).
• RR74 - Observance of International Accounting Standards - Factors explaining non-compliance
• 30 Sep 2001
• The objective of this research was to examine the financial statements and footnotes of a worldwide sample of companies referring to the use of International Accounting Standards (IAS), to explore further the extent of noncompliance, and most importantly to provide information about the factors associated with noncompliance.
• The objective of this research was to examine the financial statements and footnotes of a worldwide sample of companies referring to the use of International Accounting Standards (IAS), to explore further the extent of noncompliance, and most importantly to provide information about the factors associated with noncompliance.
• RR73 - Full Cost Accounting - An Agenda for Action
• 01 Oct 2001
• This report seeks to provide guidance on how the accountancy profession may take part in the development of full cost accounting (FCA). The research identified the steps necessary to undertake FCA and makes recommendations as to fow FCA may be taken forward.
• RR69 - The State of Corporate Environmental Reporting in Ireland
• 06 Apr 2001
• This research study assesses the current state of external environmental reporting by Irish listed companies and commercial state-sponsored bodies. The report provides an opportunity to review corporate external reporting practices at a time when environmental impacts from all sectors of Irish society are coming under increased scrutiny, particularly with the recent publication of the Irish government’s National Climate Change Strategy. Furthermore, despite widespread research into the extent of external environmental reporting in western Europe, there is little evidence of the nature of its practice in the Republic of Ireland. This project fills this research gap by indicating the current state of practice.
• RR67 - Corporate Financial Disclosure and Analyst Forecasting Activity - Preliminary Evidence for the UK
• 30 Mar 2001
• This report presents the results of a pilot study concerned with discretionary financial disclosure by UK quoted companies. It reports the findings of a survey of the quality of company accounts published in 1996 and investigates the extent to which the amount of discretionary information published by companies is associated with investment analyst following.
• ORP32 - Compliance with the Revised SORP 'Financial Reports of Pension Schemes' - empirical evidence
• 07 Aug 2000
• An investigation of the level of voluntary compliance with various content requirements and presentation guidelines of the revised SORP 'financial reports of pension schemes'. It also reveals the views of pension experts on the decision-usefulness of the SORP and any contentious issues regarding its implementation.
• ORP31 - Rhetoric and argument in financial reporting - disclosures in profit forecasts and takeover documents
• 07 Jul 2000
• This paper analyses disclosure practices in profit forecasts and takeover documents during recent takeover bids and reproduces and discusses examples of disclosures to illustrate particular practices and highlight the variety of issues to be taken into consideration in preparing a forecast for publication.
• ORP30 - Financial reporting standard for smaller entities - a fundamental or cosmetic change?
• 07 Jun 2000
• The publication of the Financial Reporting Standard for Smaller Entities (FRSSE) was a major step by UK standard setters in focussing on small firms' needs. This pilot study draws together various perspectives in the financial reporting literature and examines the views of key players in this area.

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