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作者：Choi, Diana
作者单位：Purdue University System; Purdue University
摘要：This study investigates the effects of audit committee financial expertise on the timeliness of banks' loan loss provisions. I employ two regulatory shocks that mandated audit committee expertise-the Federal Deposit Insurance Corporation Improvement Act in 1991 (FDICIA) and a modified listing standard for NYSE and NASDAQ firms in 1999-as quasi-exogenous settings to investigate the effects of audit committee financial expertise on the timeliness of loan loss provisioning. Using a difference-in-...
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作者：Agndal, Henrik; Nilsson, Ulf
作者单位：University of Gothenburg; Sabanci University
摘要：Extant management accounting research has conceptualized the interplay between trust, distrust, and open-book accounting (OBA) as a relationship-level phenomenon, largely ignoring that inter-organizational relationships are often complex entities that comprise multiple arenas of exchange where (dis)trust and OBA can interact in different-and potentially contradictory-ways. To address this theoretical oversight, we draw on relational exchange theory to propose that (dis)trust largely forms with...
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作者：Ege, Matthew; Kim, Young Hoon; Wang, Dechun
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; George Mason University
摘要：Public accountants are in high demand by non-accounting firms. While this demand attracts high-quality accountants to public accounting, it can negatively impact audit quality by distracting auditors. We find that the number of metropolitan statistical area-level busy season job postings for public accountants by non-accounting firms is positively associated with misstatements. Results are most pronounced (1) when outside job opportunities are from non-publicly traded companies, which likely p...
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作者：Lem, Katie W.
作者单位：University System of Ohio; Ohio State University
摘要：I examine whether a strategic focus on data analytics is associated with improvements in firms' internal information quality. Using textual analysis of firm disclosures to identify a data analytics strategy, I first document that firm, leadership, and operating environment characteristics are all important determinants of the decision to adopt a data analytics strategy. I next use operating and financial reporting outcomes to infer whether a data analytics strategy improves internal informatio...
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作者：Brown, Jason L.; Sprinkle, Geoffrey B.; Way, Dan
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Villanova University
摘要：Firms allocate significant amounts of common costs, and these allocations have implications for performance evaluation and remuneration. Non-insulating cost allocations distribute costs based on same-period relative performance, creating a contemporaneous interdependence between managers that in turn adds uncertainty to the link between effort and performance. In contrast, insulating cost allocations are independent of relative performance during the period and can thus be determined with grea...
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作者：Cikurel, Deni
作者单位：DePaul University
摘要：This study investigates how using technologies that increase the perceived ease of information access, such as search engines, can affect investors' judgments. Relying on the Google effect theory, I predict that using a search engine to access financial information will lead to shallower processing of that information, causing earnings fixation. The results of three experiments support this prediction and the theoretical process. Specifically, investors who access financials via a search engin...
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作者：Donohoe, Michael P.; Gale, Brian T.; Mayberry, Michael A.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Washington; University of Washington Seattle; State University System of Florida; University of Florida; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We examine shareholders' perceptions about how external tax advisors contribute to corporate tax planning. As residual claimants of corporate tax planning, shareholders benefit from lower corporate taxes, but also bear the financial and reputational costs of subsequent tax enforcement. Despite the influential advisory role of external tax advisors in corporate tax planning, existing research on how shareholders perceive this role is limited. Using event study methods and exploiting the heighte...
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作者：Chen, Hui; Petrov, Evgeny
作者单位：University of Zurich
摘要：Stock prices often provide firm managers with new information that can be used in real decisions. Studies generally focus on the ex ante disclosure policy and show that the presence of market feedback crowds out firms' disclosure. We instead examine a manager's ex post biasing incentives and find that market feedback amplifies overreporting bias, but not necessarily underreporting bias, due to three interacting effects. First, the manager biases the report more with feedback since decreased in...
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作者：Frost, Tracie; Jing, Jiao; Shang, Longfei; Su, Lixin (Nancy)
作者单位：Hong Kong Polytechnic University; Jinan University; Southwestern University of Finance & Economics - China
摘要：Foreign workers have been an important part of the labor force in public accounting firms over the past two decades. In this paper, we investigate whether and why foreign workers influence audit quality. We find that audit offices with more newly hired foreign labor have a lower mean absolute value of discretionary accruals and a smaller rate of restatements for their clients. The effect is more pronounced for audit offices that face more resource constraints or require greater foreign experti...
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作者：Gam, Yong Kyu; Liu, Chunbo
作者单位：University College Dublin; Shanghai International Studies University
摘要：This paper investigates how banks utilize soft information to provide contractual flexibility in loan covenant enforcement. We find that relationship lenders are significantly less likely than non-relationship lenders to enforce covenants for material violations when borrowers are potentially in breach of financial covenants. The mitigation of information asymmetry by relationship lending, as opposed to alternative explanations, serves as the underlying mechanism. Furthermore, relationship bor...
