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作者：Condie, Eric R.; Lisic, Ling Lei; Seidel, Timothy A.; Truelson, Jonathan Michael; Zimmerman, Aleksandra B.
作者单位：University System of Georgia; Georgia Institute of Technology; Virginia Polytechnic Institute & State University; Brigham Young University; Mississippi State University; State University System of Florida; Florida State University
摘要：Motivated by prior literature on organizational identification and 23 semistructured interviews with a variety of US audit partners and directors, we examine whether the gender and ethnic diversity of an office's audit partners influences the retention of the office's audit professionals and the quality of the audits conducted by the office. Using hand-collected data on US audit partners, we find that greater levels of (or changes in) diversity in office audit partners' gender and ethnicity ar...
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作者：Abernathy, John L.; Klaus, Jan (J. ) Philipp; Le, Linh; Masli, Adi
作者单位：University System of Georgia; Kennesaw State University; University of Texas System; University of Texas Arlington; University of Nebraska System; University of Nebraska Omaha; University of Kansas
摘要：Although information technology (IT) plays an essential role in financial reporting, many companies today lack sufficient human capabilities to utilize IT competently. We examine the association between a firm's access to IT-capable labor and financial reporting quality (FRQ). We proxy for access to IT-capable labor using workforce measures in the metropolitan statistical area (MSA) where the firm operates, including (1) the number of IT-related college degrees relative to the total active wor...
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作者：Nan, Lin; Wen, Xiaoyan
作者单位：Purdue University System; Purdue University; Texas Christian University
摘要：We examine information quality and financial leverage when an entrepreneur needs financing to undertake a risky project and his effort input affects the project's outcome. We show that information quality and financial leverage interact to play active roles in both investment and effort decisions. Our analysis shows a positive association between leverage and optimal information quality-when leverage is low (high), low (high) information quality is optimal. This is because with low leverage, t...
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作者：Jacob, Martin; Mueller, Maximilian A.; Wulff, Thorben
作者单位：WHU - Otto Beisheim School of Management; University of Cologne
摘要：Using granular gas price data and rich variation in corporate tax rates, we find that corporate taxes increase consumer prices. About 64% of the corporate tax is borne by consumers. The effect is stronger when firms have limited access to tax planning opportunities, face stricter tax enforcement, or when consumer demand is less elastic. Taxes also reduce the number of firms and their scale, consistent with a tax-induced increase in marginal cost. Our results suggest that tax policies that incr...
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作者：Chen, Long; Liao, Chih-Hsien; Tsang, Albert; Yu, Li
作者单位：George Mason University; National Taiwan University; Southern University of Science & Technology; Nankai University
摘要：The literature on corporate social responsibility (CSR) disclosure focuses on its economic consequences, but little is known about motivations-especially CEO personal incentives-behind such disclosure. Using an array of CSR reporting measures, we find that career concerns of CEOs early in their tenure motivate them to use voluntary CSR reporting as a signaling mechanism. The negative association between CEO tenure and CSR reporting is more pronounced in firms with stronger information intermed...
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作者：Bertomeu, Jeremy; Cheynel, Edwige
作者单位：Washington University (WUSTL)
摘要：We present a model in which investment capacity is reallocated in response to aggregate shocks and examine the resulting general equilibrium effects. The theory predicts a positive association between aggregate liquidity shocks, cost of capital, and conservative accounting. When capital becomes scarce, the accounting system is designed to preserve collateral, which depletes the supply of traded capital and leads to a higher cost of capital. The economy may accelerate small shocks with large (d...
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作者：Arnold, Markus; Artz, Martin; Grasser, Robert A.
作者单位：University of Bern; University of Munster; University of South Carolina System; University of South Carolina Columbia
摘要：This study investigates when and why intrayear bonus target revisions occur. This is important as intrayear target revisions occur regularly in practice but are not well understood. Specifically, we analyze two potential drivers of intrayear bonus target revisions: reduced managerial incentives owing to managers dropping out of the incentive zone of their piecewise defined bonus function and potential spillovers from planning target revisions that reflect changes in performance expecta-tions d...
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作者：Imdieke, Andrew J.; Li, Chan; Zhou, Shan
作者单位：University of Notre Dame; University of Kansas; University of Sydney
摘要：This study examines whether auditors' evaluation and reporting of firms' internal control over financial reporting (ICFR) affects firm operational efficiency. Prior research indicates that the strength of internal controls is positively associated with economic benefits. However, notwithstanding the underlying strength of controls, whether the mere presence of an ICFR audit provides similar economic benefits is unclear. We predict and find that small firms with ICFR audits have significantly h...
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作者：Krishnan, Ranjani; Ramasubramanian, Hari
作者单位：Michigan State University; Frankfurt School Finance & Management
摘要：Clinical labs belong to a mature industry and fulfill a critical function in the health-care value chain. We examine factors that influence the opportunity, motivation, and ability to learn in clinical labs. We hypothesize that with respect to learning about cost: (i) organizational design, such as the extent of outsourcing can impede the opportunity to learn, (ii) quality focus (measured by mortality rates and length of stay (LOS)) can reduce the motivation to learn, and (iii) related task va...
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作者：Pisciotta, Kevin
作者单位：University of Kansas; University of Kansas
摘要：I examine how changes in analysts' workloads affect their information production. Examining determinants of analysts' information production is important because analyst research affects stock prices and capital allocation decisions. Using periods when analysts work on IPOs to proxy for shocks to their workloads, I predict and find that the accuracy, quantity, and timeliness of analysts' forecasts for non-IPO firms decline when they are working on IPOs, and they herd closer to the consensus. T...
