3期

最新文章

• How do analysts affect corporate innovation? Evidence from site visits AI翻译
  作者：Cheng, Qiang; Wang, Brian Yutao; Yang, Holly; Zhang, Zheyuan
  作者单位：Singapore Management University; Renmin University of China; Capital University of Economics & Business
  摘要：While prior studies have examined whether financial analysts affect corporate innovation, there is little research on the mechanism through which this occurs. In this paper, we examine whether and how analysts' questions about innovation during site visits affect corporate innovation. Using a sample of corporate site visits in China, we find that when analysts ask questions about innovation during site visits, firms invest more in R&D in the future. Consistent with knowledge diffusion across f...
• Tax audits and the policing of corporate taxes: Insights from tax executives AI翻译
  作者：Seidman, Jeri K.; Sinha, Roshan K.; Stomberg, Bridget
  作者单位：University of Virginia; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
  摘要：We interview public company tax executives to provide new evidence on how corporate taxpayers experience and navigate the income tax audit process. Interviewees describe being targeted by tax police and having to defend their positions. Thus, we adopt a structural metaphor of tax audits as police investigations and use a framework from the policing literature to explain what influences taxpayers' perceptions of fairness during audits. Perceptions of fairness are important as targets of investi...
• Translating, resisting, or escalating government programs? Accounting at the intersection of centrally imposed programs and local responses AI翻译
  作者：Steccolini, Ileana; Barbera, Carmela
  作者单位：University of Essex; University of Bologna; University of Bergamo
  摘要：This article examines the role of accounting in the recursive processes of continuous adjustment to programs that emerge when programs are imposed by central government on local government. Focusing on the Italian context and adopting the conceptual lens of governmentality, our study contributes to the extant literature by highlighting the role of accounting in the power dynamics and transactional realities at the intersection between the governors and the governed. In doing so, it considers h...
• Using internet search data to predict aggregate retail sales and enhance firm-level revenue expectations AI翻译
  作者：Lind, Gary; Ramesh, K.
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Rice University
  摘要：This study examines whether a simple measure of internet search intensity for publicly traded retail firms can enhance the capital market's firm-level revenue expectations and provide insights into economy-wide retail sales. At the firm level, the search index is predictive of analyst nowcast and forecast errors after controlling for past sales, deferred revenue, firm characteristics, and firm and time fixed effects. An implementable trading strategy generates abnormal returns of roughly 2% to...
• Disclosure to competitors in light of endogenous firm investments AI翻译
  作者：Arya, Anil; Frimor, Hans; Mittendorf, Brian; Pfeiffer, Thomas
  作者单位：University System of Ohio; Ohio State University; University of Southern Denmark; University of Vienna
  摘要：This paper extends a familiar model of competition and disclosure to incorporate the practical feature that firms may not only hold private information about consumer demand, but they can also influence demand by the investments they make in improving product quality. Such investments can reflect installing new product features, improving durability, adding design enhancements, and the like. This paper demonstrates that investments stand to significantly influence the firm's preference for dis...
• Do brokers manage the distribution of stock recommendations? AI翻译
  作者：He, Wen; Zhang, Jin
  作者单位：Monash University
  摘要：This study examines whether and how brokers manage the distribution of their stock recommendations. We document that if a broker's percentage of buy recommendations in a quarter is substantially higher than its target level, the broker issues significantly fewer buy recommendations than other brokers in the following quarter. This evidence remains robust after controlling for mean reversion in the data and varies systematically with brokers' expected benefits and costs of managing the distribu...
• Closing the books or keeping them open? Identity work in partner retirement from Big 4 accounting firms AI翻译
  作者：Azambuja, Ricardo; Baudot, Lisa; Endo, Takahiro; Matsubara, Saori
  作者单位：Universite Catholique de Lille; EDHEC Business School; Hautes Etudes Commerciales (HEC) Paris; University of Victoria; Kobe University
  摘要：One view of the socialization experienced by professionals in global Big 4 firms suggests that the intensity of socialization engenders a strong and deep-rooted professional identity. We scrutinize this claim by drawing on interviews with partners who retired from lifelong employment in Big 4 firms in Japan. Through partners' reflections on their experiences in detaching from the firm, we examine how socialization manifests in partners' identity work. We find that partners' identity, which oft...
• The effects of overwithholding and retroactive savings options on retirement savings: An experimental analysis AI翻译
  作者：Blaufus, Kay; Milde, Michael; Schaefer, Marcel
  作者单位：Leibniz University Hannover
  摘要：In three experiments, we examine how the widespread phenomenon of overwithholding affects retirement savings and how the additional option at tax time of saving retroactively for retirement affects total savings levels. Our results show that overwithholding significantly reduces retirement savings. We show that this outcome can be explained by individuals' anchoring on their take-home pay when making savings decisions and by individuals' reduced motivation to save in the presence of overwithho...
• Managerial sentiment and short-term operating decisions: Evidence from terrorist attacks AI翻译
  作者：Chen, Xia; Gao, Yanmin; Huang, Rong; Yu, Yangxin
  作者单位：Audencia; Shenzhen University; Thompson Rivers University; Fudan University; City University of Hong Kong
  摘要：Using terrorist attacks and mass shootings as an exogenous source driving psychological changes in managerial sentiment, we explore the causal effect of managerial sentiment on firms' short-term operating decisions. Employing cost stickiness to measure short-term operating decisions on resource allocation and cost control, we find that firms located in the attacked metropolitan areas experience a significant decline in the degree of cost stickiness. We further find that the effect is more pron...
• Cashiers' contribution to organizations: A feminist perspective of accounting and countering AI翻译
  作者：Clavijo, Nathalie; Dambrin, Claire
  作者单位：heSam Universite; ESCP Business School
  摘要：This paper examines how a low-skilled, gendered occupational group collectively counters representations of its contribution to organizational performance. We situate this process within the literature on counter accounts-alternative representations designed to rectify perceived harms or injustices. Our study focuses on cashiers, referred to as checkout hostesses in their organization's gendered terminology, in the highly masculine building supplies sector. Drawing on a feminist theorization o...