4期

最新文章

• Information-Processing Costs and Breadth of Ownership AI翻译
  作者：Kim, Jeong-Bon; Li, Bing; Liu, Zhenbin
  作者单位：City University of Hong Kong; University of Waterloo; Hong Kong Baptist University
  摘要：Using the U.S. Securities and Exchange Commission's mandate of eXtensible Business Reporting Language (XBRL) as a natural experiment, this study investigates whether and how the decreased information-processing costs brought about by XBRL influence firms' breadth of share ownership. We find that the XBRL mandate is associated with an increase in the total number of a firm's shareholders. This finding is consistent with the notion that XBRL facilitates a more transparent environment and decreas...
• Auditor Reporting and Regulatory Sanctions in the Broker-Dealer Industry: From Self-Regulation to PCAOB Oversight AI翻译
  作者：Schnader, Anne Leah; Bedard, Jean C.; Cannon, Nathan H.
  作者单位：Suffolk University; Bentley University; Texas State University System; Texas State University San Marcos
  摘要：The financial security of the investing public relies on high-quality service by broker-dealers (BDs), investors' gateway to the financial markets. The SEC has long required auditors to attest to BDs' internal controls and compliance with regulations (including those privately owned). Following the unraveling of the Madoff Ponzi scheme in 2008, the SEC required auditors of all BDs to register with the PCAOB, and Congressional initiatives signaled imminent transition from private (AICPA) to pub...
• Employee Movements from Audit Firms to Audit Clients AI翻译
  作者：Finley, Andrew R.; Kim, Mindy H. J.; Lamoreaux, Phillip T.; Lennox, Clive S.
  作者单位：Claremont Colleges; Claremont Graduate University; Claremont McKenna College; George Mason University; Arizona State University; Arizona State University-Tempe; University of Southern California
  摘要：Regulators have expressed concerns about the revolving door between auditors and clients, whereby audit employees move directly from audit firms to audit clients (i.e., direct alumni hires). Regulators are concerned that these direct hires could compromise audit quality, partly because these employees could have previously audited their hiring company's financial statements. In contrast, we examine accounting and finance executives who move indirectly from audit firms to audit clients and who ...
• Professional Directors and Governance Quality AI翻译
  作者：Wahid, Aida Sijamic; Welch, Kyle
  作者单位：University of Toronto; George Washington University
  摘要：We examine professional directors-board members with no employment outside of serving as independent directors. We find that boards with a higher percentage of professional directors engage in more acquisitions, experience lower acquisition announcement returns, and exhibit lower performance-turnover sensitivity and lower financial performance. We also examine the returns surrounding the appointment-announcement dates of professional directors and find that firms experience significantly lower...
• One Team or Two? Investigating Relationship Quality between Auditors and IT Specialists: Implications for Audit Team Identity and the Audit Process AI翻译
  作者：Bauer, Tim D.; Estep, Cassandra; Malsch, Bertrand
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Waterloo; Emory University; Queens University - Canada
  摘要：While prior research focuses on the audit team made up of auditors, we focus on the collective audit team made up of auditors and specialists-in our context, information technology (IT) specialists. Complex systems in today's audits and researcher and regulator concerns regarding ineffective coordination and communication between the two specializations motivate better understanding of this collective audit team. We investigate how auditors and IT specialists perceive their relationship and ho...
• Earning the Write to Speak: Sell-Side Analysts and Their Struggle to Be Heard AI翻译
  作者：Spence, Crawford; Aleksanyan, Mark; Millo, Yuval; Imam, Shahed; Abhayawansa, Subhash
  作者单位：University of London; King's College London; University of Glasgow; University of Warwick; University of Melbourne; Swinburne University of Technology
  摘要：This paper explores the ways in which sell-side (SS) financial analysts seek to position themselves advantageously within the wider field of investment advice in spite of widespread skepticism over the value that their forecasts and recommendations add to investment decisions. The field of investment advice has been characterized in recent years by a number of regulatory and technological changes that have forced SS analysts to reconstitute the ways in which they influence the investment decis...
• Controls and Cooperation in Interactive and Non-Interactive Settings AI翻译
  作者：Garrett, Jace B.; Livingston, Jeffrey A.; Tayler, William B.; Cade, Nicole L.; McVay, Sarah E.
  作者单位：Clemson University; Bentley University; Brigham Young University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Washington; University of Washington Seattle
  摘要：Prior research finds that controls that induce cooperation among collaborators on a project increase trust, and that this increased trust increases subsequent cooperation among collaborators. We extend this work by investigating how controls influence cooperative behavior in two settings. The first is an interactive setting where people work together and can benefit from each other's work. The second is a non-interactive setting where people do not work together directly but where behavior can...
• An Incomplete Audit at the Earnings Announcement: Implications for Financial Reporting Quality and the Market's Response to Earnings AI翻译
  作者：Marshall, Nathan T.; Schroeder, Joseph H.; Yohn, Teri Lombardi
  作者单位：University of Colorado System; University of Colorado Boulder; Indiana University System; Indiana University Bloomington; Northwestern University
  摘要：There has been a substantial increase, since 2004, in the number of firms that announce annual earnings before audit completion as opposed to after audit completion. In this study, we argue that earnings announced before audit completion are associated with lower financial reporting quality and investor perceptions that earnings are more likely to be overstated. Consistent with this expectation, we document that the market places more (less) weight on good (bad) earnings news for earnings anno...
• Managerial Discretion and Task Interdependence in Teams AI翻译
  作者：Arnold, Markus C.; Tafkov, Ivo D.
  作者单位：University of Bern; University System of Georgia; Georgia State University
  摘要：This study investigates whether task interdependence in teams alters the effectiveness of managerial discretion in motivating team performance. Teams are particularly useful when employees' tasks are interdependent-that is, when the degree to which the increase in team performance resulting from a team member's effort depends on the effort and skills of the other team members. The reason is that the more interdependent tasks are, the more employees need to coordinate their actions and help one...
• Understanding the Relations among Internal Controls, Trust, and Cooperation within an Organization: Discussion of Controls and Cooperation in Interactive and Non-Interactive Settings AI翻译
  作者：Cade, Nicole L.; McVay, Sarah E.
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Washington; University of Washington Seattle