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作者：Li, Xing; Tan, Qin
作者单位：Xi'an Jiaotong University; City University of Hong Kong
摘要：This paper examines the pricing efficiency of 8-K filings for events other than earnings announcements. Since these filings provide timely information that is material to investors and explain variations in quarterly returns to a degree similar to other disclosures, understanding how the stock price absorbs their information is important for investors, regulators, and academics. By testing the statistical correlation between the immediate stock returns in response to these filings and subseque...
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作者：Hanlon, Michelle; Yeung, Kelvin; Zuo, Luo
作者单位：Massachusetts Institute of Technology (MIT); City University of Hong Kong; Cornell University
摘要：This paper develops a unified framework to synthesize the growing stream of positive research on the role of individual decision makers in shaping observed accounting phenomena. This line of research recognizes two central ideas in behavioral economics. First, individual behavior depends not only on economic incentives and accessible information but also on individual preferences, abilities, experiences, and other characteristics. Second, the constraints that structure human interactions encom...
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作者：Pittman, Jeffreyp; Wang, Lin; Wu, Donghui
作者单位：Memorial University Newfoundland; Virginia Polytechnic Institute & State University; Central University of Finance & Economics; Chinese University of Hong Kong
摘要：Focusing on mandatory partner rotations, we examine the importance of within-firm network connections to the selection of successor partners and the impact of those connections on post-rotation audit performance. Using data from China, we track partners' history and identify incumbent-successor connections stemming from jointly conducted prior engagements. Although these connections can enhance incumbent-successor information transfers and thus post-rotation audit performance, they may also po...
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作者：Tafkov, Ivo; Towry, Kristy; Zhou, Flora Hailan
作者单位：University System of Georgia; Georgia State University; Emory University; Bentley University
摘要：Knowledge is key to success in the modern business landscape. Firms invest billions of dollars every year in knowledge management systems, which commonly use artificial intelligence to allow within-firm knowledge transfer to occur automatically. Despite this investment, these systems often fall short of producing expected results. Using psychology theory on goal dilution, we argue that a potential cause of the failure is that the prospect of knowledge transfer has a negative effect on knowledg...
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作者：Abdel-Rahim, Heba Y.; Hales, Jeffrey; Stevens, Douglas E.
作者单位：University System of Ohio; University of Toledo; University of Texas System; University of Texas Austin; University System of Georgia; Georgia State University
摘要：Growing calls for expanded disclosure on managerial stewardship raise important questions about how finer (i.e., disaggregated) reporting, when paired with discretion over classification, will influence managerial behavior. To study this question, we develop an investment game in which, if the investor chooses to invest, the manager privately observes production costs, chooses their personal pay, and provides a cost report in one of three reporting regimes: aggregated, disaggregated without di...
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作者：Chen, Xia; Gong, Guojin; Luo, Shuqing
作者单位：Singapore Management University; University of Connecticut; University of Hong Kong
摘要：We investigate whether short interest affects supply chain partners' investments. This investigation is important for understanding the real effect of short sellers in facilitating stakeholders' investment decisions. Prior research suggests that short interest conveys negative news in a timely manner, which predicts future deterioration in firm fundamentals. We predict and find that a supplier's future investments decrease with its major customers' short interest. Consistent with predictions, ...
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作者：Aburous, Dina; Kamla, Rania
作者单位：Mission College; Heriot Watt University
摘要：This study examines the processes by which English linguistic capital is legitimized as integral to professional accountants' distinction, prestige, and status in Jordan. Drawing on 27 interviews, the study reveals the dynamic and mutual interdependency of social hierarchies and Jordanian accountants' agency in embedding the English language in everyday practices and routines. Accountants in senior positions employ English linguistic practices and strategies linked to the global structures of ...
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作者：Helikum, Lukas J.; Tan, Hun-Tong; Xu, Tu
作者单位：New Jersey City University; Nanyang Technological University; Renmin University of China
摘要：We conduct two experiments to investigate the joint effect of two justification factors of earnings management-namely, attribution for the firm's underperformance and benefits accruing to other employees from inflating reported earnings. This investigation is important because prior research examines the effects of individual justification factors, whereas real-world settings entail more complexity involving multiple justification factors. In Experiment 1, we predict and find that managers are...
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作者：Francis, Jere R.; Golshan, Nargess; Hallman, Nicholas J.
作者单位：Maastricht University; University of Kentucky; University of Texas System; University of Texas Austin
摘要：We examine how audit partners' geographic proximity to clients affects audit quality. We use hand-collected data to show that approximately half of audit partners are assigned to clients headquartered more than 100 km away from the partners' home locations. Few of these partners relocate after receiving their assignments and, as a result, more than one-third of clients are audited by partners who must commute long distances to visit the client in person. We explore this phenomenon by first mod...
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作者：Jeong-Hoon Hyun; Matejka, Michal; Oh, Peter (Seung Hwan); Ahn, Tae Sik
作者单位：NEOMA Business School; Arizona State University; Arizona State University-Tempe; McGill University; Seoul National University (SNU)
摘要：Performance evaluations are typically based on a formula that specifies in advance all performance measures, their relative incentive weights, and targets to be met. However, beginning-of-year performance targets can become outdated due to unforeseen events that call for ex post adjustments to formula-based incentive plans to restore incentives. We discuss three types of ex post incentive plan adjustments-end-of-year subjective performance evaluation, changes in next-year relative incentive we...
