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作者：Boster, Charles; Majerczyk, Michael; Tian, Yu
作者单位：University System of Maryland; Salisbury University; University System of Georgia; Georgia State University; State University System of Florida; University of Central Florida
摘要：Many organizations offer profit sharing plans to motivate increased effort and goal congruence. However, an unintended consequence of such plans may be to reduce honesty in managerial reporting. We investigate two commonly observed profit sharing plans (individual and pooled) in a laboratory experiment where multiple agents with private cost information submit budget requests to an employer. Consistent with our prediction based on crowding theory, our findings suggest that honesty is reduced i...
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作者：Wright, Nicole S.; Bhattacharjee, Sudip
作者单位：James Madison University; Virginia Polytechnic Institute & State University
摘要：When subject matter experts are consulted during an audit, the quality of the expert's advice depends upon their ability to fully understand and incorporate client-specific facts into their advice. Public Company Accounting Oversight Board (PCAOB) inspection reports suggest that auditors are neglecting to perform the required work to assess the quality of experts' recommendations. This study examines how characteristics of the audit, notably staffing decisions, can impede auditors' ability to ...
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作者：Brown, Stephen V.; Tian, Xiaoli (Shaolee); Tucker, Jennifer Wu
作者单位：University of Connecticut; Georgetown University; State University System of Florida; University of Florida
摘要：In this study we use the recently mandated risk factor disclosure to examine the spillover effect of the Securities and Exchange Commission (SEC) review of qualitative corporate disclosure. We find that firms not receiving any comment letter (No-letter Firms) modify their subsequent year's disclosures to a larger extent if the SEC has commented on the risk factor disclosure of (i) the industry leader, (ii) a close rival, or (iii) numerous industry peers. We refer to this effect as spillover. F...
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作者：Mescall, Devan; Klassen, Kenneth J.
作者单位：University of Saskatchewan; University of Waterloo
摘要：This study investigates how transfer pricing risk affects the premiums in cross-border mergers and acquisitions (M&A). Differences in the rigor of transfer pricing enforcement and the severity and clarity of rules across countries create differential risk of material costs for multinationals as they expand globally. We use 448 country-level transfer pricing risk assessments by global transfer pricing partners and managers from two firms in 33 countries to develop a metric of country-year trans...
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作者：Defond, Mark L.; Francis, Jere R.; Hallman, Nicholas J.
作者单位：University of Southern California; University of Missouri System; University of Missouri Columbia; University of Technology Sydney; University of Texas System; University of Texas Austin
摘要：We find that non-Big 4 audit offices with greater awareness of SEC enforcement are more likely to issue first-time going-concern reports to distressed clients; where SEC awareness is measured using (i) audit office proximity to SEC regional offices, and (ii) proximity to specific SEC enforcement actions against auditors. We also show that these non-Big 4 audit offices issue more going-concern opinions to clients who do not subsequently fail, indicating a conservative bias that reduces the info...
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作者：Files, Rebecca; Gurun, Umit G.
作者单位：University of Texas System; University of Texas Dallas
摘要：We investigate whether restatements announced by economically related firms influence the contract terms a borrower receives from lenders. A restatement by a major customer firm increases the loan spread of a borrower by 11 basis points, on average. The contagion effects of customer restatements are higher (45 basis points) when a borrower's switching costs are high. Restatements by peer firms in the same industry also increase a borrower's loan spread, and this increase occurs regardless of r...
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作者：Levy, Hagit; Shalev, Ron; Zur, Emanuel
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); New York University; University System of Maryland; University of Maryland Baltimore
摘要：In Gantler v. Stephens (2009), the Delaware Supreme Court makes explicit that corporate officers owe the same fiduciary duty to the firm and shareholders as do board members. The decision increased the risk of non-board-serving officers being added as named defendants to investor litigation but did not change the risk of corporate litigation. Analyzing the effect of the Gantler ruling on non-board-serving CFOs, we find a significant change in their behavior as well as in their firms' disclosur...
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作者：Attig, Najah; El Ghoul, Sadok
作者单位：Saint Marys University - Canada; University of Alberta
摘要：We examine the effects of organization capital-evident in management quality practices-on firms' implied cost of equity. We show that superior management practices decrease firms' cost of equity capital. This novel finding, robust to a battery of sensitivity analyses and to endogeneity bias, highlights the importance of superior management practices in improving firms' financing conditions. In sum, this study demonstrates that the quality of management practices maps onto firms' financing cond...
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作者：Baudot, Lisa
作者单位：State University System of Florida; University of Central Florida
摘要：This article explores commitment to knowledge templates, in this case competing measurement models, in global standard-setting processes. In particular, I examine the positions of board members of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) on a proposal to use fair value accounting in the measurement of revenue. The proposal to measure revenue at fair value was deliberated between 2002 and 2008 as part of the joint revenue project of...
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作者：Chen, Novia X.; Chiu, Peng-Chia; Shevlin, Terry
作者单位：University of Houston System; University of Houston; Chinese University of Hong Kong; University of California System; University of California Irvine
摘要：We exploit an exogenous shock to analyst coverage as a result of brokerage house mergers and closures to examine whether financial analysts influence the tax-planning activities of the firms they cover. Using a difference-in-differences design, we find that, on average, firms affected by broker mergers and/or closures experience a reduction in their GAAP (cash) effective tax rates (ETR) of 2.5 percent (2.6 percent), relative to control firms, translating into average tax expense (cash tax) sav...
