-
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...
-
作者：Demers, Elizabeth; Gaertner, Fabio B.; Kausar, Asad; Li, Heather; Steele, Logan B.
作者单位：University of Waterloo; University of Wisconsin System; University of Wisconsin Madison; American University; Bentley University; Oregon State University
摘要：We examine whether the change in earnings announcement textual tone, aggregated across individual publicly traded firms, helps predict gross domestic product (GDP) growth. The literature finds that changes in aggregate accounting earnings do help predict GDP growth, but only when aggregate earnings changes are negative. Because conservative accounting rules limit managers' ability to communicate positive news promptly, we examine the tone of quarterly corporate earnings announcements as a poss...
-
作者：Beck, Matthew J.; Lundstrom, Nathan G.; Stuber, Sarah B.
作者单位：University of Kansas; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：We examine whether peer audit choices influence a bank's decision to obtain an audit voluntarily. We find that the likelihood of a bank voluntarily obtaining an audit is significantly associated with the audit decisions of peers. The relation is stronger when the peers are more salient due to closer geographic proximity, similarity in loan portfolio, and similarity in size. In addition, we find that peer influence on a bank's audit decision is moderated by the bank's existing level of assuranc...
