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作者：Liu, Alfred Z. Z.; Pincus, Morton; Xu, Sean Xin
作者单位：McMaster University; University of California System; University of California Irvine; Tsinghua University
摘要：This study investigates the financial and operational implications of enterprise systems (ESs) in corporate risk management. Using matched difference-in-differences analyses based on ES implementation events, we document a significant reduction in the volatility of operating cash flows following ES implementations. We further show that ES implementers have better post-implementation operational efficiency than matched non-ES firms and better manage sales, costs of sales, working capital, and o...
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作者：Nam, Jonathan Sangwook; Thompson, Rachel A.
作者单位：Hong Kong Polytechnic University; North Dakota State University Fargo
摘要：This study examines the impact of cross-firm financial statement comparability on regulatory oversight of accounting quality. Required to review each firm's periodic filings at least once every three years, the SEC learns about the degree to which a firm's accounting system is comparable to those of its peers. We posit that the SEC's ex ante knowledge about financial statement comparability, gleaned from prior-year filing reviews, facilitates its evaluation of firms' accounting quality during ...
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作者：Blann, James J.; Kleppe, Tyler J.; Shipman, Jonathan E.
作者单位：Arizona State University; Arizona State University-Tempe; University of Kentucky; University of Arkansas System; University of Arkansas Fayetteville
摘要：We investigate whether the PCAOB's decision to expand the number and location of its inspection offices in 2009 improved the reliability of US audits. We use a difference-in-differences empirical design to consider the impacts of the expansion on audit quality and find that audit quality significantly improved following the PCAOB's expansion in markets where new offices opened relative to markets without an office opening. We find that the improvement in audit quality appears to be driven by a...
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作者：Jones, Stewart; Moser, William J.; Wieland, Matthew M.
作者单位：University of Sydney; University System of Ohio; Miami University; University System of Ohio; Miami University
摘要：This study uses machine-learning methods to predict next-period change in profitability based on a model proposed by Penman and Zhang (2004, Working paper, Columbia University and University of California, Berkeley; PZ). We find that new machine-learning methods predict out of sample substantially better than traditional regression methods and provide richer interpretations about the role and impact of different predictor variables through their nonlinear relationships and interaction effects....
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作者：Malmi, Teemu; Kolehmainen, Katja; Granlund, Markus
作者单位：Aalto University; University of Turku
摘要：Management control systems (MCS) have been known to produce unintended, dysfunctional consequences. However, relatively little is known about how MCS can contribute to the inertia and even decline of a firm. Our analysis in the abductive mode was triggered by a surprising case study observation that although Nokia Mobile Phones (NMP) certainly had many capabilities that could have facilitated a timely response to disruptive environmental change, this did not happen. In developing an explanatio...
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作者：Calluzzo, Paul
作者单位：Queens University - Canada
摘要：This study examines boardroom connections that form when corporate executives sit on mutual fund boards. These connections have the potential to facilitate information flow that informs fund investment decisions. I find that fund trades in the executive's firm anticipate future earnings news and stock returns during the period that the fund and firm are connected. The evidence is consistent with a broad scope of information being transferred through the connections, implying the potential for ...
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作者：Tucker, Basil P.; Alewine, Hank C.
作者单位：University of South Australia; University of Alabama System; University of Alabama Huntsville
摘要：The management control information used in decision-making comports with one of the two generally accepted roles-to monitor and evaluate employees to conform their behavior to achieving organizational goals (decision-influencing role), or to reduce decision uncertainty (decision-facilitating role). However, the ways in which these two roles may combine concurrently has received limited empirical attention. Thus, in this case study, archival data and evidence from 30 interviews with space secto...
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作者：Anderson, Mark; Mashruwala, Raj; Wang, Ye; Zhao, Rong
作者单位：University of Calgary; Toronto Metropolitan University
摘要：Prior literature has studied firm uniqueness and its implications for capital market participants by investigating earnings uniqueness. We recognize that cost and revenue uniqueness provide separate insights about firm uniqueness because different forces drive firm-specific revenues and costs. Cost uniqueness is of special interest because costs are opaque to investors and more complex than revenues. Therefore, we examine how cost uniqueness affects information uncertainty from the perspective...
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作者：Shang, Ruidi; Wang, Zhichao (Alex); Zu, Yafei
作者单位：Tilburg University; Australian National University; Nanjing University of Science & Technology
摘要：We examine whether managers' narcissism explains the difficulty of the performance targets that they set for their subordinate employees and the resulting dysfunctional behaviors of these employees. Utilizing a field-based data set and a government policy change that imposes higher performance standards, we document both direct and indirect associations between manager narcissism and employee dysfunctional behavior. In particular, we find that managers with a higher degree of narcissism respon...
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作者：Rixom, Brett A. A.; Plumlee, David
作者单位：Nevada System of Higher Education (NSHE); University of Nevada Reno; Utah System of Higher Education; University of Utah
摘要：There is concern that rather than critically deliberating specific circumstances, auditors focus on selecting and documenting defensible audit positions. Currently, subordinate auditors perform tasks mindful that they will be accountable for their work both inside (e.g., partners) and outside (e.g., PCAOB) the firm and adopt implementation intentions based on previous review experiences to guide their performance. In the context of fraud-detection planning, we consider an alternative approach ...
