3期

最新文章

• US Auditors' Perceptions of the PCAOB Inspection Process: A Behavioral Examination AI翻译
  作者：Johnson, Lindsay M.; Keune, Marsha B.; Winchel, Jennifer
  作者单位：University of Tennessee System; University of Tennessee Knoxville; University System of Ohio; University of Dayton; University of Virginia
  摘要：This study examines U.S. auditors' observations of the PCAOB inspection process, and its impact on their work, in order to understand the current U.S. regulatory audit climate. Using 20 interviews with experienced auditors, we consider behavioral factors (e.g., perceived power of and trust in the PCAOB) that can impact the level and form of auditor compliance according to theory from the slippery slope framework on audit regulation (Kirchler et al. 2008; Dowling et al. 2018). Our participants ...
• The Effects of Competition from S Corporations on the Organizational Form Choice of Rival C Corporations AI翻译
  作者：Donohoe, Michael P.; Lisowsky, Petro; Mayberry, Michael A.
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Boston University; State University System of Florida; University of Florida
  摘要：Subchapter C of the U.S. Internal Revenue Code levies an entity-level tax on corporate profits, whereas Subchapter S allows corporations meeting specific criteria to elect out of this tax. Despite these differences, C and S corporations regularly compete for customers and capital. We examine whether and the extent to which competition from S corporations influences the future organizational form choice of rival C corporations and explore outcomes of this choice. Using data for 4,462 private U....
• Linguistic Information Quality in Customers' Forward-Looking Disclosures and Suppliers' Investment Decisions AI翻译
  作者：Chen, Can; Kim, Jeong-Bon; Wei, Minghai; Zhang, Hao
  作者单位：University of Macau; City University of Hong Kong; Sun Yat Sen University
  摘要：This study examines whether and how linguistic information quality (measured by readability) of customer firms' management earnings forecast reports (MEFRs) affects supplier firms' investment quality (measured by investment efficiency). Our analyses reveal that supplier investment efficiency is positively associated with the average linguistic information quality of customers' prior MEFRs, and the positive association between supplier investment efficiency and customer MEFRs' numerical informa...
• Internal Information Quality and the Sensitivity of Investment to Market Prices and Accounting Profits AI翻译
  作者：Heitzman, Shane; Huang, Mengjie
  作者单位：University of Southern California; Fordham University
  摘要：We ask whether the quality of internal information matters for investment decisions. We predict that investment is more sensitive to internal profit signals and less sensitive to external price signals when managers have higher-quality internal information. Consistent with recent theoretical and empirical research, we proxy for internal information quality using observable information properties. We find that the sensitivity of investment to profitability is increasing, while the sensitivity o...
• The Relation between Strategy, CEO Selection, and Firm Performance AI翻译
  作者：Abernethy, Margaret A.; Kuang, Yu Flora; Qin, Bo
  作者单位：University of Melbourne
  摘要：We examine whether a firm's strategic priorities influence its selection of a new CEO and what conditions enable such an appointment to add value to the firm. More specifically, this study investigates the value-adding effect when prospector firms (i.e., those pursuing a prospector-type strategy) select a CEO with high social capital. We argue that uncertainty, driven by a firm's strategy, will determine the decision to select a CEO with high social capital; such CEOs can use their networks to...
• The Construction of the Efficient Office: Scientific Management, Accountability, and the Neo-Liberal State AI翻译
  作者：Parker, Lee D.; Jeacle, Ingrid
  作者单位：Royal Melbourne Institute of Technology (RMIT); University of Glasgow; University of Edinburgh
  摘要：The office has been a central site of organizational planning, accountability, and control since the 19th century. Yet it has been the subject of relatively little accounting research. Through the dual theoretical lenses of Foucaultian and Labour Process theories, this study employs historical photo-elicitation methodology to investigate the implementation of management control and accountability in the scientifically managed office which emerged in the United States during the late 19th and e...
• Trade-offs between Tax and Financial Reporting Benefits: Evidence from Purchase Price Allocations in Taxable Acquisitions AI翻译
  作者：Lynch, Daniel; Romney, Miles; Stomberg, Bridget; Wangerin, Daniel; Robinson, John R.
  作者单位：University of Wisconsin System; University of Wisconsin Madison; State University System of Florida; Florida State University; Indiana University System; Indiana University Bloomington; Texas A&M University System; Texas A&M University College Station; Mays Business School
  摘要：Under U.S. GAAP, firms recognize assets acquired in business combinations at fair value. Similarly, in taxable asset acquisitions firms adjust the tax basis of assets to fair value. Managers can increase the present value of future tax savings by allocating a greater portion of the purchase price to shorter-lived assets than to goodwill or indefinite-lived intangibles. However, this tax planning strategy imposes a financial reporting cost because it reduces book income following the acquisitio...
• Fundamental Analysis: Combining the Search for Quality with the Search for Value AI翻译
  作者：Li, Kevin; Mohanram, Partha
  作者单位：University of California System; University of California Riverside; University of Toronto
  摘要：Using cross-sectional forecasts, we combine fundamental analysis strategies based on quality, such as the FSCORE from Piotroski (2000) and the GSCORE from Mohanram (2005), with strategies based on value, such as the V/P ratio from Frankel and Lee (1998) and the PEG ratio. While all four strategies generate significant hedge returns, combining quality-driven and value-driven approaches substantially improves the efficacy of fundamental analysis. Our parsimonious two-dimensional approach can be ...
• Impact of Auditor Report Changes on Financial Reporting Quality and Audit Costs: Evidence from the United Kingdom AI翻译
  作者：Reid, Lauren C.; Carcello, Joseph V.; Li, Chan; Neal, Terry L.
  作者单位：Wake Forest University; University of Tennessee System; University of Tennessee Knoxville; University of Kansas
  摘要：While substantial revisions to auditor reporting requirements are being implemented internationally, the impact of these reforms on financial reporting quality is unknown. We exploit the United Kingdom's recent auditor reporting changes and find that the United Kingdom's new reporting regime is associated with an improvement in financial reporting quality as proxied by significant decreases in absolute abnormal accruals and the propensity to just meet or beat analyst forecasts, and a significa...
• The Informativeness of Relative Performance Information and Its Effect on Effort Allocation in a Multitask Environment AI翻译
  作者：Hannan, R. Lynn; McPhee, Gregory P.; Newman, Andrew H.; Tafkov, Ivo D.; Kachelmeier, Steven J.
  作者单位：Tulane University; Clemson University; University of South Carolina System; University of South Carolina Columbia; University System of Georgia; Georgia State University; University of Texas System; University of Texas Austin
  摘要：Prior research documents that providing relative performance information (RPI) motivates employees to increase effort; however, a potential downside of RPI is that it also motivates employees to distort their effort allocations between tasks such that it can be detrimental to overall firm performance. This study investigates via an experiment how the informativeness of RPI affects employees' effort allocations and performance in a multitask environment. We investigate the informativeness of tw...