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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：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：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)...
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作者：Huang, Allen H.; Wang, Hui; Yang, Yi
作者单位：Renmin University of China
摘要：We develop FinBERT, a state-of-the-art large language model that adapts to the finance domain. We show that FinBERT incorporates finance knowledge and can better summarize contextual information in financial texts. Using a sample of researcher-labeled sentences from analyst reports, we document that FinBERT substantially outperforms the Loughran and McDonald dictionary and other machine learning algorithms, including naive Bayes, support vector machine, random forest, convolutional neural netw...
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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：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：Eulerich, Marc; Masli, Adi; Pickerd, Jeffrey; Wood, David A.
作者单位：University of Duisburg Essen; University of Kansas; University of Mississippi; Brigham Young University
摘要：As audit technology becomes more widespread, practice and academia are raising concerns about the costs and benefits of these technologies. We examine how internal auditors use technology-based audit techniques (TBATs) and how TBATs impact the efficiency and effectiveness of their audits. We use two surveys and interviews of individual auditors and chief audit executives (CAE) to examine their perceptions of TBATs. Auditors perceive TBATs as beneficial. Specifically, an increase in the use of ...
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作者：Li, Shelley Xin; Merchant, Kenneth A.; Wang, Fiona Yingfei
作者单位：University of Southern California; National University of Singapore
摘要：We examine how metric intensity-that is, the quantity, frequency, and extent to which performance metrics are tracked and used-varies with a firm's dependency on innovation for business success. Although performance metrics are essential in an organization's management control system, little is known about how the use of metrics differs in organizations with varying dependencies on incremental and radical innovation. Drawing on data from a sample of small- and medium-sized enterprises (SMEs), ...
