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作者：Donelson, Dain C.; Glenn, Jennifer L.; Mcguire, Sean T.; Yust, Christopher G.
作者单位：University of Iowa; University System of Ohio; Ohio State University; Texas A&M University System; Texas A&M University College Station
摘要：This study examines the effect of shareholder scrutiny of corporate tax avoidance behavior and its related financial reporting. Specifically, we explore the factors associated with shareholder tax litigation and its effect on the future tax behavior of the sued firm and its peers. We find that sued firms have lower cash and GAAP effective tax rates (ETRs) and engage in extreme tax avoidance before litigation. After litigation, they decrease tax avoidance activities, relative to matched control...
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作者：Chen, Clara Xiaoling; Liang, Jing; Yang, Shilei; Zhu, Jing
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Chengdu University of Technology; Southwestern University of Finance & Economics - China; Southwestern University of Finance & Economics - China
摘要：The firm-level bullwhip effect is the amplification of demand uncertainty along a supply chain-that is, fluctuations in production (for manufacturing firms) or purchases from suppliers (for retailers or wholesalers) in a firm tend to be greater than its demand fluctuations. We predict that the bullwhip ratio (a proxy for the bullwhip effect) amplifies the relation between demand uncertainty and cost structure. We expect this amplifying effect because the bullwhip ratio determines the extent to...
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作者：Li, Guangyu; Spence, Crawford; Chen, Zhong
作者单位：City St Georges, University of London; University of London; King's College London
摘要：Recent research on sell-side analysts emphasizes the centrality of social ties and social interactions to what they do. However, we know little about how analysts create or maintain relationships over both the short and long terms. We remedy that in this qualitative study by illustrating the microlevel processes that analysts engage in as part of developing a network of relations around them. Starting from the premise that economic actions are embedded in social relations and drawing on interv...
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作者：Khokhar, Abdul-Rahman; Qiu, Jiaping; Rahaman, Mohammad M.
作者单位：Saint Marys University - Canada; Shanghai University of Finance & Economics; McMaster University
摘要：Fiscal-year-end cash holdings are an important indicator in external stakeholders' assessment of a firm's liquidity and credit risk. Do fiscal-year-end cash holdings reflect a firm's intra-year liquidity conditions? We observe that firms report significantly higher cash holdings in the fourth fiscal quarter, followed by a subsequent reversal. This pattern is pervasive across industries, persistent over time, and not explained by conventional factors or calendar effects. The extent of the fourt...
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作者：Zhu, Skye; Phang, Soon-Yeow
作者单位：James Cook University; Monash University
摘要：Regulators have raised concerns about the quality of component auditors' work. Of particular concern is that component auditors often do not adequately perform procedures and gather enough quality evidence. This failure is likely caused by component auditors' different interpretations of lead auditor instructions and by their lack of responsibility. Our interview findings suggest that component auditors tend to interpret lead auditor instructions concretely because they often receive detailed ...
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作者：Mayer, Maryse; Gendron, Yves
作者单位：Laval University
摘要：In this field study, we examine tax advisors' decision-making process when developing tax planning arrangements. Through interviews with 40 tax advisors, our analysis indicates that tax savings may come at a price in practice by unveiling adverse post-implementation experiences shared by tax partners. Partners find themselves in a tricky position at the time they form their recommendation as they cannot be certain that their client will be able to live with their tax structure-that is, maintai...
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作者：Clune, Conor; Andon, Paul
作者单位：University of New South Wales Sydney
摘要：Drawing on Robert Michels's iron law of oligarchy, this study examines a governance crisis that unfolded at one of the world's largest professional accounting bodies (PABs)-CPA Australia. We leverage Michels's century-old contribution to the social sciences to explore how this crisis sheds light on the challenges that PAB governance arrangements can pose when PAB leadership and membership priorities conflict. By applying Michels's seminal work to theorize the origins, escalation, leadership co...
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作者：Grabner, Isabella; Seiter, Mischa; Wabnegg, Markus; Wirth, Henning
作者单位：Vienna University of Economics & Business; Ulm University; Zeppelin University; Vienna University of Economics & Business
摘要：We explore the turnover intentions of creative R&D employees and the role of performance management practices in shaping these considerations. Since the success of a firm's R&D efforts hinges on the innovative ideas of its employees, it is crucial to retain particularly creative individuals. At the same time, however, we argue that this is especially difficult because both the higher outside options of creative employees and their specific individual characteristics make them, on average, more...
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作者：Bratten, Brian; Larocque, Stephannie; Yohn, Teri
作者单位：University of Kentucky; University of Notre Dame; Emory University; University of Notre Dame
摘要：Exclusions from street earnings can include both expected exclusions, forecasted ex ante by analysts, and unexpected exclusions, revealed after earnings are reported. While prior research largely examines total exclusions from street earnings, unexpected exclusions reflect the news or surprise in exclusions. We investigate the properties and informativeness of unexpected exclusions for future profitability, benchmark beating, analyst forecast errors, and future stock returns. We find that unex...
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作者：Proell, Chad A.; Ricci, Michael A.; Trotman, Ken T.; Zhou, Yuepin (Daniel)
作者单位：University of North Texas System; University of North Texas Denton; State University System of Florida; University of Florida; University of New South Wales Sydney; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Distributed, rather than co-located, teams increasingly perform audit work, raising regulator concerns that distributed team communication issues may affect audit quality. We investigate upward communication (i.e., raising issues to supervisors), a key communication dimension related to audit quality. In Study 1, we survey 69 senior auditors to establish that distributed team upward communication suffers. Furthermore, distributed team auditors identify less with their teams and struggle to kno...
