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作者：Liao, Chih-Hsien; Tsang, Albert; Wang, Kun Tracy; Zhu, Nathan Zhenghang
作者单位：National Taiwan University; Hong Kong Polytechnic University; Australian National University
摘要：In this study, we examine whether a country's implementation of major corporate governance reforms affects firms' cross-listing activities. Cross-listing is important in overcoming international investment barriers and thus it is worth investigating whether enhanced corporate governance at the country level contributes to the integration of international capital markets. Using a difference-in-differences research design, we predict and find that following the implementation of corporate govern...
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作者：Joe, Jennifer R.; Luippold, Benjamin L.; Sanderson, Kerri-Ann
作者单位：University of Delaware; Babson College; Bentley University
摘要：We provide evidence that regulatory guidance aimed at improving audit efficiency and effectiveness-allowing auditor reliance on a multi-location client's competent and objective internal audit function (IAF)-can unintentionally increase auditors' litigation risk. Our research is important in demonstrating how client characteristics and juror cognitive processing, such as the number of client locations and jurors' susceptibility to the numerosity heuristic, factors beyond auditors' control, can...
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作者：Stice, Derrald; Stice, Earl K.; Stice, Han; Stice-Lawrence, Lorien
作者单位：University of Hong Kong; Brigham Young University; Chinese University of Hong Kong; University of Southern California
摘要：We show that managers have a propensity to disproportionately report total revenues just above base-ten thresholds (e.g., 10 million, 30 million, 1 billion) and examine motives for and consequences of this behavior. Focusing on base-ten thresholds in revenues is important because, despite being unusually prevalent in revenue targets set in executive compensation contracts, analyst forecasts, and management forecasts, they have not been previously explored. We also show that pressure to beat th...
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作者：Miller, Brian P.; Sheneman, Amy G.; Williams, Brian M.
作者单位：Indiana University System; Indiana University Bloomington; University System of Ohio; Ohio State University
摘要：This study examines the impact of control systems on corporate innovation. Innovation is key to firm performance and growth, allowing corporations to stay competitive in their industry. We expect control systems to improve information flows within the firm by allowing managers to better identify and patent their most valuable intellectual property. Despite our prediction that control systems positively impact innovation, a priori, this relation is unclear as these same control systems may crea...
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作者：Elschner, Christina; Hardeck, Inga
作者单位：European University Viadrina Frankfurt Oder; University of Regensburg
摘要：This study investigates the influence of three interest groups-businesses, the tax profession, and civil society-on tax rules in the context of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) project. Our study is important as prior research has not examined the direct influence of various interest groups on the content of tax rules by means of comment letters. Using content analysis, we seek to explain the lobbying success of the diffe...
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作者：Zou, Youli
作者单位：University of Connecticut
摘要：This study provides evidence that hedge accounting information under Statement of Financial Accounting Standards (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities, is related to rivals' market entry decisions. Documenting accounting information's relevance to competition decisions requires context-specific settings. Using data for the airline industry in the United States, I predict and find that entrants are less likely to enter routes in which incumbents report higher ...
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作者：Fan, Yangyang; Gunn, Joshua L.; Li, Chan; Shao, Jun
作者单位：Hong Kong Polytechnic University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Kansas; Shanghai Lixin University of Accounting & Finance
摘要：We examine the effects of corporate networks involving common directors and auditors (i.e., connections creating single or double ties between companies) on two important monitoring roles: financial reporting quality and auditor dismissal decisions. We also investigate how shocks to the networks, in the form of the audit failing to detect misstatements, affect these networks' structure. The investigations are important because these networks can have significant effects on firm governance and ...
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作者：Enache, Luminita; Li, Lynn; Riedl, Edward J.
作者单位：University of Calgary; Boston University
摘要：This study examines the effect of regulatory approval on a firm's voluntary product-level disclosures. We focus on the US biotechnology industry, a setting that allows direct observation of whether firms disclose more information as products proceed through well-defined-though successively more complex and costly-regulatory hurdles. Consistent with predictions motivated by biotech firms' need to repeatedly raise capital, we find that firms disclose more as their products move to later stages i...
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作者：Klein, April; Manini, Raffaele; Shi, Yanting (Crystal)
作者单位：New York University; University of Warwick; European Corporate Governance Institute; Pompeu Fabra University
摘要：One of the prime responsibilities of the board of directors is to understand and oversee its firm's risk profile. We exploit a recent European Union (EU) regulation, the General Data Protection Regulation (GDPR), as a quasi-exogenous shock to the cyber risk landscape to assess whether boards of US firms changed their focus and governance structures to deal with this new challenge. The GDPR encompasses a sweeping set of regulations aimed at protecting EU citizens from unwanted uses of their per...
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作者：Liu, Xiaotao Kelvin; Van Peteghem, Mathijs
作者单位：Northeastern University; Maastricht University
摘要：We examine whether management faultlines (i.e., dissimilar groupings among executives) are related to management forecast processes and outcomes. Management faultlines are formed based on the simultaneous alignment of senior executives' demographic characteristics (e.g., an MBA background, elite school education, gender, board experience, age, or tenure). We argue that management faultlines impede information sharing, create conflicts, and divert managerial attention away from common-goal task...
