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最新文章

• Reporting Bias and Monitoring in Clean Development Mechanism Projects AI翻译
  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 ...
• Collaborating with Competitors: How Do Small Firm Accounting Associations and Networks Successfully Manage Coopetitive Tensions? AI翻译
  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...
• Corporate In-house Tax Departments* AI翻译
  作者：Chen, Xia; Cheng, Qiang; Chow, Travis; Liu, Yanju
  作者单位：Singapore Management University; University of Hong Kong; Hong Kong Baptist University
  摘要：In-house human capital tax investment is a significant input to a firm's tax decisions. Yet, due to the lack of data on corporate in-house tax departments, there is little empirical evidence on how tax departments are associated with tax planning and compliance outcomes. We expect the size of tax departments to be positively associated with the effectiveness of tax planning and compliance. Using hand-collected data on the number of corporate tax employees in S&P 1500 firms over the 2009-2014 p...
• Auditor Responses to Shareholder Activism AI翻译
  作者：Guo, Feng; Lin, Chenxi; Masli, Adi; Wilkins, Michael S.
  作者单位：Iowa State University; University of Oklahoma System; University of Oklahoma - Norman; University of Kansas
  摘要：In this paper, we investigate how auditors respond to shareholder activism against their clients. Our study is important because activism may be viewed by auditors as a source of increased engagement risk, thereby impacting audit outcomes. The potential relationship between shareholder activism and audit outcomes leads us to predict that activism targets will pay higher audit fees and also will be more likely to receive adverse internal control opinions (ICOs) and first-time going concern opin...
• Is Audit Committee Equity Compensation Related to Audit Fees?* AI翻译
  作者：Liu, Xinming; Lobo, Gerald J.; Yu, Hung-Chao
  作者单位：Xiamen University; University of Houston System; University of Houston; National Chengchi University
  摘要：Section 301 of the Sarbanes-Oxley Act (SOX) implicitly assumes that audit committees can independently determine audit fees. Critics of section 301 have questioned this assumption in particular, and the efficacy of section 301 more generally. In response, the SEC issued a concept release in 2015 calling for public disclosure of the process that audit committees follow for determining auditor compensation. Motivated by these calls and the widespread use of stocks and options to compensate firms...
• Common Auditors and Private Bank Loans* AI翻译
  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...
• PCAOB Inspections and the Differential Audit Quality Effect for Big 4 and Non-Big 4 US Auditors* AI翻译
  作者：Khurana, Inder K.; Lundstrom, Nathan G.; Raman, K. K.
  作者单位：University of Missouri System; University of Missouri Columbia; University of Kansas; University of Texas System; University of Texas at San Antonio
  摘要：In this study, we investigate whether the increase in regulatory scrutiny epitomized by the initial PCAOB inspection impacted audit quality differentially for Big 4 and non-Big 4 auditors to better understand the consequences of PCAOB inspections for different audit firm types. Because of competing views on the effect of PCAOB inspections, the relation between PCAOB inspections and the audit quality differential between Big 4 and other auditors is an empirical issue. Empirically, we take the e...
• Financial Reporting and Trade Credit: Evidence from Mandatory IFRS Adoption* AI翻译
  作者：Li, Xiao; Ng, Jeffrey; Saffar, Walid
  作者单位：Central University of Finance & Economics; Hong Kong Polytechnic University
  摘要：We investigate the effect of mandatory IFRS adoption on trade credit. We document that firms in countries that adopt IFRS receive more trade credit from their suppliers, consistent with improved financial reporting quality and comparability playing a role in facilitating informal financing. This increase is larger for countries with a low level of societal trust, a poor pre-IFRS-adoption information environment, and stronger legal enforcement. These cross-sectional results suggest that the con...
• Innovation and Corporate Tax Planning: The Distinct Effects of Patents and R&D* AI翻译
  作者：Cheng, C. S. Agnes; Guo, Peng; Weng, Chia-Hsiang; Wu, Qiang
  作者单位：Hong Kong Polytechnic University; Rutgers University System; Rutgers University New Brunswick; National Chengchi University; Rensselaer Polytechnic Institute
  摘要：Using a large US sample, we find a significant and positive relation between patents and corporate tax planning, and the effect is incremental to the effect of R&D on tax planning. We employ a quasi-natural experiment based on staggered industry-level innovation shocks to identify the positive causal effect of patents on corporate tax planning. We also find that patents are not associated with tax planning for domestic firms, but their association with tax planning is concentrated in multinati...
• Whistleblowing Allegations, Audit Fees, and Internal Control Deficiencies AI翻译
  作者：Kuang, Yu Flora; Lee, Gladys; Qin, Bo
  作者单位：University of Melbourne
  摘要：We investigate whether audit fees and auditors' opinions on internal controls are associated with whistleblowing allegations externally filed to regulatory agencies. We find that firms subject to whistleblowing allegations have significantly higher audit fees, regardless of the substance of these allegations, whereas an auditor is more likely to issue an adverse opinion on internal controls when the allegation is substantiated, rather than frivolous. Further, our findings suggest that auditors...