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作者：Aghamolla, Cyrus; Hashimoto, Tadashi
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Yeshiva University
摘要：This study investigates the real effects of management communication, specifically of forecasts or earnings guidance, on investment. Managers can signal the strength of their projects through accuracy in their earnings guidance. This leads less accurate managers to distort their investments; the equilibrium investment strategy involves over-investment when earnings exceed the forecast and under-investment when earnings fall short. Moreover, we find that managers are pessimistic in their foreca...
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作者：De Simone, Lisa; Stomberg, Bridget; Williams, Brian
作者单位：University of Texas System; University of Texas Austin; Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：Global tax enforcement policies have received increased attention since the financial crisis, with much stated focus on curbing perceived harmful tax practices of multinational corporations. Yet there is a dearth of evidence on possible differential effects of home-country tax enforcement on multinationals. We take a step toward filling this void in the tax policy discussion by examining whether there is a differential relation between changes in home-country enforcement and the tax avoidance ...
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作者：Bedford, Anna; Ghannam, Samir; Grosse, Matthew; Ma, Nelson
作者单位：University of Technology Sydney; University of Technology Sydney
摘要：We examine the role of CEO power in the appointment of accounting financial experts (AFEs) to firm audit committees. Our results show that firms with powerful CEOs have a lower likelihood of appointing AFEs to their audit committees. In addition, effective AFEs-those characterized by experience, high status, and social independence from the CEO-are less likely to be appointed in firms with powerful CEOs. In the presence of powerful CEOs, effective AFEs are also less likely to be designated aud...
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作者：Cao, Yi; Cheng, Shijun; Tucker, Jennifer Wu; Wan, Chi
作者单位：George Mason University; Shanghai Jiao Tong University; State University System of Florida; University of Florida; University of Massachusetts System; University of Massachusetts Boston
摘要：Human capital is a major impetus for technological innovation. We examine the relation between the technological dimension of product market competition and the disclosure of skill requirements in job postings. On the one hand, technological competition may raise the urgency of recruiting tech talent and make firms provide more specific skill requirements. On the other hand, technological competition can increase the proprietary costs of skill requirement disclosure. Using technological peer p...
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作者：Austin, Ashley A.
作者单位：University of Richmond
摘要：During the testing stages of the audit, auditors must divide their attention simultaneously between (i) performing the planned audit procedures and (ii) remaining broadly skeptical and alert for fraud. Regulators note instances in which auditors do not take actions that effectively respond to fraud risks during these later stages, suggesting auditors may devote insufficient attention to fraud while they are busy executing the planned audit procedures. Leveraging prospective memory theory, I id...
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作者：Chen, Jeff Zeyun; Kim, Yongtae; Yang, Leo L.; Zhang, Joseph H.
作者单位：Texas Christian University; Santa Clara University; Korea Advanced Institute of Science & Technology (KAIST); University of Memphis
摘要：This study examines the role of information transparency in facilitating peer firms' investment in follow-on innovation. We capture information transparency with both textual and numerical information disclosed in 10-Ks. Using patent citations to proxy for investment in follow-on innovation, we predict and find a positive association between transparency at the knowledge source and follow-on innovation. We further show that the effect of information transparency varies with the degree of uncer...
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作者：Chee, Vincent; Savani, Krishna; Tan, Seet-Koh
作者单位：Lancaster University; Hong Kong Polytechnic University; Nanyang Technological University
摘要：Investors frequently rely on individual analysts' stock price targets. Aggressive price targets often reflect analysts' attempts to strategically influence investors. Therefore, investors' welfare may be compromised if they take aggressive price targets at face value. In this study, we examine conditions under which investors are more likely to infer that analysts who issue aggressive price targets are acting strategically. Investors can evaluate multiple analysts' price targets with or withou...
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作者：Arjalies, Diane-Laure; Gibassier, Delphine
作者单位：Western University (University of Western Ontario); Nantes Universite
摘要：The current biodiversity loss is dramatic. Over the past 50 years, more than 68% of the mammals, birds, amphibians, reptiles, and fish on Earth have disappeared, putting the planet's survival and its inhabitants-including human beings-at risk. Financialization, or the transformation of nature into financial assets, is increasingly proposed as a solution to the biodiversity crisis. Proponents of financialization believe that assigning a monetary value to nature will incentivize human beings to ...
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作者：Kelly, Khim; Liu, Weiming; Presslee, Adam
作者单位：State University System of Florida; University of Central Florida; Athabasca University; University of Waterloo; University of Waterloo
摘要：Recent management trends highlight two techniques firms use to motivate employee effort: (1) fostering employees' organizational identification (OI) and (2) offering employees tangible rewards such as gift cards instead of cash rewards. We use three studies to examine how OI affects employees' reward valuation and how such effects differ depending on the reward type. Study 1 is an experiment, demonstrating that increasing OI increases the emphasis participants place on a reward's symbolic valu...
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作者：Li, Congcong; Lin, An-Ping; Lu, Hai
作者单位：Duquesne University; Singapore Management University; University of Toronto; Peking University
摘要：Social skills are important but difficult to measure. So far, few empirical studies have examined the effect of social skills on the performance of professionals. Using the number of LinkedIn connections as a proxy for social skills, we investigate the effect of financial analysts' social skills on their performance. We use multiple ways to validate the measure of social skills and show that analysts with better social skills produce more accurate earnings forecasts and that their stock recomm...
