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作者：Hardies, Kris; Lennox, Clive; Li, Bing
作者单位：University of Antwerp; University of Southern California; City University of Hong Kong
摘要：Prior research finds that women receive lower salaries than men. Similarly, we show that female audit partners in Belgium receive significantly lower compensation than male partners. However, there are alternative explanations for the pay gap other than gender discrimination. For example, the gap in compensation could reflect that men are paid more because they have higher levels of productivity. We provide new predictions and tests of gender discrimination by comparing the fees generated by a...
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作者：Yeo, Feng
作者单位：University of South Carolina System; University of South Carolina Columbia
摘要：I conduct an experiment with senior executives (CEOs, CFOs, controllers) to examine how their risk disclosure quality, with respect to disclosure volume and specificity, is influenced by three factors: first, whether the disclosure behavior is framed internally by the firm as obtaining a gain or avoiding a loss from disclosure; second, whether the external disclosure regime mandates risk mitigation disclosures that explain how a risk is handled; and third, whether the risk under consideration ...
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作者：Kim, Mark P.; Pierce, Spencer R.; Yeung, Ira
作者单位：University of California System; University of California Los Angeles; State University System of Florida; Florida State University; University of British Columbia
摘要：Prior studies find that delayed earnings announcements tend to communicate unfavorable news, and investors react negatively when firms delay earnings announcements. However, these findings do not explain why investors discount delayed earnings, even after controlling for the earnings news, and why firms sometimes announce good news late. Motivated by theory from Trueman (1990) that attempts to explain these phenomena, we examine whether announcement delays indicate earnings management. We pred...
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作者：DeZoort, Todd; Doxey, Marcus; Pollard, Troy
作者单位：University of Alabama System; University of Alabama Tuscaloosa
摘要：This study evaluates whether auditor use of root cause analysis (RCA) for an identified client misstatement affects auditors' assessments of underlying control issues and materiality in an integrated audit setting. We also test whether auditor cognitive style moderates these effects given prior findings that a misfit between task structure and cognitive style undermines performance. This research is motivated by concerns about integrated audit quality and auditors failing to consider control d...
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作者：Ke, Bin; Zhang, Xiaojun
作者单位：National University of Singapore; Peking University
摘要：We examine the efficacy of public enforcement in weak investor protection countries by examining the outcomes of a comprehensive public enforcement campaign in China. The campaign, launched in 2007, was designed to help enforce China's first mandatory Corporate Governance Code, issued in 2002. The 2007 campaign was characterized by several important features: (i) the campaign required firms to identify their problems before the securities regulators conducted on-site inspections; (ii) the camp...
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作者：Tang, Michael; Wang, Rencheng; Zhou, Yi
作者单位：State University System of Florida; Florida International University; Singapore Management University; Fudan University
摘要：This study examines how managers' use of expectation management is affected by their labor market mobility, which we measure by the enforceability of noncompete provisions in their employment contracts. Exploiting quasinatural experiments, our difference-in-differences analyses provide new causal insights to the growing literature on how managers' career concerns affect their disclosure choices. Consistent with a less mobile labor market imposing more pressure on managers to achieve earnings e...
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作者：Francis, Jere R.; Wang, Wei
作者单位：Maastricht University; University of Technology Sydney; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：We show that when banks and borrowers share the same audit firm, borrowers receive lower interest rates, after controlling for potentially confounding director connectedness. The common auditor effect is observed only for opaque borrowers, and is greatest when the same audit engagement office audits the bank and borrower. A common auditor connection also matters more for longer-tenured auditors, for geographically proximate borrowers, and when the syndicate involves fewer lenders. The effect d...
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作者：Chen, Gary; Judd, J. Scott; Pandit, Shailendra (Shail)
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：Relationships with major customers may be advantageous to suppliers due to economies of scale and reputational benefits. In this study, we investigate whether unionization leads to disruptions in a firm's relationships with its customers. Our goal is to provide insights regarding the impact unionization has on a firm's sales relationships with its major customers. We predict that major customers will shift purchases away from suppliers that unionize to avoid potential disruptions. Using a diff...
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作者：Iselin, Michael; Liao, Scott; Zhang, Haiwen (Helen)
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Toronto
摘要：We examine whether bank connections via common mutual fund ownership serve as a contagion channel affecting the systemic risk of the banking system. Examining this relation is important because common mutual fund ownership has increased dramatically over the past 20 years, and a buildup of systemic risk was at the heart of the 2008-2009 financial crisis. We predict and document that the extent of a bank's connection with other banks via common ownership increases its contribution to systemic r...
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作者：Aghazadeh, Sanaz; Dodgson, Mary Kate; Kang, Yoon Ju; Peytcheva, Marietta
作者单位：Louisiana State University System; Louisiana State University; Northeastern University; University of Massachusetts System; University of Massachusetts Amherst; Lehigh University
摘要：National office consultations (NOCs) are a mechanism intended to enhance audit quality, consistent with the logic of professionalism inherent in the audit profession. Yet research indicates that the competing logic of commercialism has become institutionalized in audit firms. We examine how the coexisting and conflicting logics of professionalism and commercialism manifest themselves in the current NOC dynamic. Specifically, we interview 22 highly experienced Big 4 audit firm partners to inves...
