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作者：Docimo, William M.; Gunn, Joshua L.; Li, Chan; Michas, Paul N.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Kansas; University of Arizona
摘要：We hypothesize and find that financial reporting quality at the foreign subsidiaries of US multinational companies (MNCs) is higher when the MNC's principal auditor engages a component auditor to audit the foreign subsidiary on its behalf. An important innovation of this study is that we focus on comparing the financial reporting quality of equivalent subsidiaries with and without component auditor work. Our approach contrasts with extant studies that examine the consequences of variation in t...
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作者：Griffith, Emily E.; Kadous, Kathryn; Young, Donald
作者单位：University of Wisconsin System; University of Wisconsin Madison; Emory University; Indiana University System; Indiana University Bloomington
摘要：Regulators and researchers provide evidence that auditors' judgment quality is problematic in complex audit tasks. We introduce a framework for improving auditor judgment in these tasks. The framework builds on dual-process theory to recognize that high-quality judgment in complex tasks requires that auditors (i) possess the knowledge needed for the task, (ii) recognize the need for analytical (versus heuristic) processing, and (iii) have sufficient cognitive capacity to complete the analytica...
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作者：Black, Dirk E.; Christensen, Theodore E.; Ciesielski, Jack T.; Whipple, Benjamin C.
作者单位：University of Nebraska System; University of Nebraska Lincoln; University System of Georgia; University of Georgia
摘要：We use a novel data set to examine the across-time consistency and across-firm comparability of firms' non-GAAP earnings disclosures. Given widespread concern about non-GAAP reporting among regulators, standard setters, the investor community, and academics, our investigation provides timely evidence on how managers' deviations from their own non-GAAP disclosure history, or the reporting of industry peers, affects how well earnings inform on firm performance. We begin by identifying firms that...
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作者：Hodge, Frank D.; Mendoza, Kim I.; Sinha, Roshan K.
作者单位：University of Washington; University of Washington Seattle; University of Illinois System; University of Illinois Urbana-Champaign; Indiana University System; Indiana University Bloomington
摘要：We examine the effect of humanizing (naming) robo-advisors on investor judgments, which has taken on increased importance as robo-advisors have become increasingly common and there is currently little SEC regulation governing key aspects of their use. In our first experiment, we predict and find that investors are more likely to rely on the investment recommendation of an unnamed robo-advisor, whereas they are more likely to rely on the investment recommendation of a named human advisor. Theor...
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作者：Chen, Hui; Letmathe, Peter; Soderstrom, Naomi
作者单位：University of Zurich; RWTH Aachen University; University of Melbourne
摘要：The Clean Development Mechanism (CDM) is a flexible carbon market mechanism managed by the United Nations. The program grants tradable carbon emissions credits (Certified Emission Reductions) for carbon-reducing projects in developing countries. A project can only be admitted to the program if it is not financially profitable, and thus would not take place without the emission credits granted through the CDM. In this paper, we examine how monitoring reduces incentives of companies to bias the ...
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作者：Paugam, Luc; Stolowy, Herve; Gendron, Yves
作者单位：Hautes Etudes Commerciales (HEC) Paris; Laval University
摘要：We investigate how activist short sellers (AShSs) expose publicly listed firms in an increasingly popular form of research reports openly denouncing alleged frauds, flawed business models, accounting irregularities, and wrongdoings. We focus on six AShSs that issued research reports that often led to a strong negative market reaction. Our empirical analysis exploits both qualitative and quantitative methods for a comprehensive data set of 383 research reports targeting 171 unique firms, and 3 ...
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作者：Wang, Ke
作者单位：University of Alberta
摘要：This paper examines whether the tone of corporate textual disclosures related to risk and uncertainty conveys relevant information to the credit default swap (CDS) market. Prior studies largely focus on the amount of risk disclosures and provide inconclusive evidence on the usefulness of risk disclosures for investors in assessing firm risk. Using a large sample of textual risk disclosures in the Management's Discussion and Analysis (MD&A) section of 10-K and 10-Q filings, I predict and find t...
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作者：Vaisanen, Marjo; Tessier, Sophie; Jarvinen, Janne T.
作者单位：University of Oulu; Universite de Montreal; HEC Montreal
摘要：The purpose of this paper is to increase our understanding of how enabling perceptions of new management controls (MCs) can be fostered. Prior research suggests that employees are more likely to use new MCs if they perceive them as enabling. However, rapid implementation of new MCs due to circumstances such as mergers and acquisitions can leave employees feeling coerced into using them, making it difficult to foster enabling perceptions. Based on a case study where an acquirer faces pressure t...
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作者：Christensen, Brant E.; Newton, Nathan J.; Wilkins, Michael S.
作者单位：University of Oklahoma System; University of Oklahoma - Norman; State University System of Florida; Florida State University; University of Kansas
摘要：Using proprietary data from a global accounting firm, we investigate the determinants of auditors' interim effort as well as the impact of interim effort on audit quality, client disclosure timeliness, audit hours, and audit fees. Public statements from accounting firms and regulators suggest various benefits from accelerating auditor effort, but these claims remain largely untested. We find that interim effort is higher for large, complex clients that require integrated audits of both financi...
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作者：Bills, Kenneth L.; Hayne, Christie; Stein, Sarah E.
作者单位：Michigan State University; University of Illinois System; University of Illinois Urbana-Champaign; Virginia Polytechnic Institute & State University
摘要：The coopetition paradox exists when two or more organizations are simultaneously involved in cooperative and competitive interactions. In the accounting industry, small firms encounter coopetition when they align themselves with other independent firms to form accounting associations and networks (AANs). AANs are a type of interorganizational relationship (IOR) that provide opportunities for member firms to collaborate by sharing important resources such as expertise, best practices, and manpo...
