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作者：Balsam, Steven; Harris, Erica E.; Wong, Paul
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; State University System of Florida; Florida International University; University of California System; University of California Davis
摘要：In 2008, the IRS added several schedules to Form 990, including Schedule R, related party transactions. Utilizing Schedule R, we investigate and descriptively document the existence of related parties and the types of transactions engaged in with those related parties. Then, to provide evidence of the usefulness of these disclosures, we tie into the literature on financial reporting quality. Prior research into financial reporting quality shows that donors discount program ratios when a nonpro...
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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...
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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...
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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...
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作者：Kang, Byoung Uk; Nam, Jonathan Sangwook
作者单位：Hong Kong Polytechnic University
摘要：This study examines the informational role of local newspapers in institutional investments. Exploring local newspaper closures across US counties, we document that institutional investors significantly reduce their holdings in firms located near the closed newspapers. The post-closure decrease in institutional holdings is concentrated for non-local or non-hedge fund institutions. In contrast, institutions that are likely to possess information advantages-local institutions or hedge funds-do n...
