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作者：Edwards, Alexander; Hutchens, Michelle; Persson, Anh, V
作者单位：University of Toronto; University of Illinois System; University of Illinois Urbana-Champaign; University of Toronto
摘要：In 2018, the European Union (EU) introduced a new mandatory reporting requirement for a wide range of cross-border tax arrangements (EU Directive 2018/822, also known as DAC6). Unlike prior corporate transparency initiatives, which put the reporting responsibility primarily on the taxpayers, this directive puts the initial reporting responsibility on the third-party intermediaries who are involved in the reportable arrangement at any stage during the planning and execution process. We exploit ...
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作者：Cho, Young Jun; Seo, Hojun
作者单位：Singapore Management University; Purdue University System; Purdue University
摘要：We study the role of segment disaggregation in equity-based pay contracts in diversified firms. Disaggregated segment disclosures can improve the observability of managerial actions in internal capital markets and thus increase implicit incentives for managers to allocate resources as desired by shareholders, substituting for explicit incentives provided to CEOs. We use the adoption of Statement of Financial Accounting Standards No. 131 as an identification strategy and find that firms affecte...
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作者：Peecher, Mark E.; Ricci, Michael A.; Zhou, Yuepin (Daniel)
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; State University System of Florida; University of Florida
摘要：In this paper, we introduce the construct of proactive auditing behaviors to the accounting literature and report the first experimental investigation of their antecedents. Regulators and practitioners agree that proactive behaviors are needed to consistently achieve high-quality audit outcomes, but also that these behaviors are scarce. Drawing on theory from management, accounting, and psychology, we predict that an environmental factor (autonomy) and a dispositional factor (tacit knowledge) ...
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作者：Rousseau, Linette M.; Zehms, Karla M.
作者单位：University of Houston System; University of Houston; University of Wisconsin System; University of Wisconsin Madison; University of Wisconsin System; University of Wisconsin Madison
摘要：We examine the relative importance of audit firm versus partner decision styles in key audit matter (KAM) reporting. Standard setters intended KAMs to increase the usefulness of the audit report by requiring the partner-led engagement team to disclose engagement-specific information about the most significant judgments they made during the audit. However, stakeholders expressed widespread concern that audit firms' longstanding efforts toward standardization would result in generic KAMs at the ...
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作者：Lock, Brandon
作者单位：City University of New York (CUNY) System; Baruch College (CUNY)
摘要：This study investigates whether and how firm-specific news media coverage affects corporate voluntary disclosure. I predict that media coverage influences managers' disclosure decisions by directing investor attention toward firms and increasing investor demand for firm information. I find that managers are more likely to issue earnings guidance if their recent earnings guidance receives more media coverage. The relation between media coverage and guidance issuance is stronger for news article...
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作者：Heflin, Frank; Tan, Jacqueline; Ton, Karen; Wang, Jasmine
作者单位：University System of Georgia; University of Georgia; Villanova University; University of Virginia
摘要：Regulators and practitioners have concerns that the lack of standardization in non-GAAP disclosure can make it challenging for users to process non-GAAP earnings and use it in decision-making. We examine whether auditor style extends beyond mandatory disclosures to induce similarity in non-GAAP earnings disclosures. Specifically, we find that clients audited by the same auditor are more likely to disclose non-GAAP earnings in a similar manner. We assess disclosure similarity using (1) the deci...
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作者：Li, Liuchuang; Qi, Baolei; Zhang, Ping
作者单位：Xi'an Jiaotong University; University of Toronto
摘要：In this paper, we investigate whether federal judge ideology, ceteris paribus, affects auditor litigation risk and auditor behavior. We find that auditors whose client firms are in jurisdictions dominated by liberal judges are more likely to be sued and make higher payouts to plaintiffs when sued. Furthermore, these client firms are more likely to receive going-concern opinions and pay higher audit fees. Finally, we find no evidence that the quality of audited financial statements is affected ...
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作者：Abernethy, Margaret A.; Hung, Chung-Yu; Jiang, Like
作者单位：University of Melbourne
摘要：Building effective corporate culture is challenging as it requires senior managers to embed shared values within the firm. Yet some firms can do so, and some cannot. This study examines whether managers' career preferences influence manager-employee value misalignment and weaken corporate culture. Career preferences for job-hopping provide incentives for managers to signal their leadership quality in the labor market. We capture managers' and employees' attention allocation across different cu...
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作者：Black, Dirk E.; Dikolli, Shane S.; Hofmann, Christian; Pfeiffer, Thomas
作者单位：University of Nebraska System; University of Nebraska Lincoln; University of Virginia; University of Munich; University of Vienna; University of Virginia
摘要：In empirically estimating the relation between CEO compensation and accounting-based firm and peer performance, researchers often define the performance variables net of CEO compensation expense. We analytically show that a researcher's use of CEO compensation as a regression's dependent variable and as an expense in defining a regression's independent variables representing accounting-based firm and peer performance will bias the researcher's pay-for-performance and relative performance evalu...
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作者：Barnes, Beau Grant; Cussatt, Marc; Dalton, Derek W.; Harp, Nancy L.
作者单位：Washington State University; Clemson University
摘要：Despite years of initiatives to improve gender equity in public accounting firms, women continue to be underrepresented at the partner level. Supporting women's aspirations to become partner is important to ensure there are more women in the pipeline of potential partners. However, we argue that challenges during the COVID-19 pandemic are likely to have negative downstream effects on accounting firms' efforts to improve female partner representation. Therefore, using a survey of 192 certified ...
