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作者：van Pelt, Victor
作者单位：WHU - Otto Beisheim School of Management
摘要：This study examines how principals adjust their control over agents based on their prior controlling experience. According to standard economic theory, principals should be equally willing to decrease their control as they are to increase it. However, I use psychological theory to predict that prior experience with exercising tight control reinforces a principal's belief that agents are self-interested and that they should be controlled. In contrast, I predict that the reinforcement of the bel...
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作者：Deng, Mingcherng; Kim, Eunhee; Ye, Minlei
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University of Toronto
摘要：Conventional wisdom suggests that audit engagement partner name disclosure benefits investors by informing them about the partners' performance. However, such public disclosure of the identity of the audit partners may also intensify competition for audit talent in the labor market. To examine the economic consequences of audit partner identification, we build a two-period model in which an audit firm matches partners to clients. The audit partner identification broadens a partner's outside op...
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作者：Gao, Bo; Guo, Feng; Lisic, Ling Lei; Omer, Thomas
作者单位：University of Texas System; University of Texas El Paso; Iowa State University; Virginia Polytechnic Institute & State University; University of Nebraska System; University of Nebraska Lincoln
摘要：Enforcement of non-compete agreements could affect executives' and directors' incentives to profit from their information advantage. This is because excessive trading profits could result in job termination, which would trigger the restrictions imposed by the non-compete agreements. We find that executives' and directors' insider trading profits from sales are lower for companies headquartered in states with greater enforcement of non-compete agreements. The path analyses suggest that high enf...
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作者：Klassen, Kenneth J.; Ruiz, Cinthia Valle
作者单位：University of Waterloo; IESEG School of Management
摘要：This study examines the interplay between tax and internal reporting incentives among affiliates of multinational corporations (MNCs). MNCs face limited information flows that may prevent affiliates' performance metrics to be responsive immediately to changes in the firm's tax planning. Using granular data of affiliates belonging to MNCs from 21 European countries, our study provides new empirical evidence of affiliate internal reporting responses induced by changing tax plans. When high-tax-r...
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作者：Stice, Han
作者单位：Chinese University of Hong Kong
摘要：This study develops several Google search-based measures to test the relation between earnings-week online search results and the speed of price discovery. These measures are based on searches using only a firm's ticker symbol in the search string. I collect the total number of search results (across all search result pages) as well as the type and content of search results on the first three pages of search results. I find that the quantity, quality, and content of search results have varying...
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作者：Kachelmeier, Steven J.; Williamson, Michael G.; Zhang, Xinyu
作者单位：University of Texas System; University of Texas Austin; University of Illinois System; University of Illinois Urbana-Champaign; Cornell University
摘要：We design three experiments to examine how group incentives moderate the motivational effects of cash versus tangible rewards. Our first experiment shows that, relative to individual incentives, group incentives can magnify any negative effect of the uncertain attractiveness of a less-fungible tangible reward (versus cash), as group members must evaluate not only how attractive they find the reward themselves but also how attractive other group members are likely to find it. However, as we sho...
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作者：Ahmed, Anwer S.; Chen, Lucy Huajing; Duellman, Scott; Sun, Yan
作者单位：Texas A&M University System; Texas A&M University College Station; Villanova University; Saint Louis University
摘要：We present evidence on the effects of target firms' accounting conservatism in a merger and acquisition transaction. Conservatism is distinct from other accounting or accrual quality constructs examined in prior work. Its unique features can lead to potential benefits for both the targets and the acquirers. The use of conservatism by targets reduces acquirers' risks of acquiring underperforming assets or overpaying for well-performing assets. In addition, targets' conservatism results in great...
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作者：Condie, Eric R.; Convery, Amanda M.; Zehms, Karla M.
作者单位：University System of Georgia; Georgia Institute of Technology; University of Delaware; University of Wisconsin System; University of Wisconsin Madison
摘要：We investigate labor market consequences for CFOs employed by fraud firms, focusing on reputational contagion for those who are not implicated. These individuals provide an opportunity to understand reputational contagion and the nuanced meaning of guilt because the labor market may suspect complicity or infer negligence regardless of whether that is truly the case. We compare these CFOs to a matched sample of non-fraud CFOs and track both turnover and subsequent employment positions. Non-impl...
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作者：Berger, Leslie; Guo, Lan; Presslee, Adam
作者单位：Wilfrid Laurier University; University of Waterloo
摘要：A recent trend in organizations is to motivate employees with goal-based prosocial rewards, whereby employees must donate their rewards to charities upon goal attainment. We examine the motivational effects of goal-based prosocial rewards versus cash rewards under different levels of goal difficulty. We develop our hypotheses based on affective valuation theory, which posits that when valuing uncertain outcomes by affect rather than calculation, individuals are largely insensitive to changes i...
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作者：Tan, Hun-Tong; Xu, Tu; Yu, Yao
作者单位：Nanyang Technological University; Renmin University of China; University of Massachusetts System; University of Massachusetts Amherst; Nanyang Technological University
摘要：An audit committee (AC) report is the primary channel through which investors learn about the responsibilities and activities of an AC. AC members may use personal language (we) or impersonal language (the audit committee) in an AC report. Psychology research suggests that personal (vs. impersonal) language signals that the language user has greater warmth and sense of communion (i.e., being part of a larger group). Applying this theory, we predict that an AC's use of personal (vs. impersonal)...
