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作者：Ayers, Benjamin C.; Call, Andrew C.; Schwab, Casey M.
作者单位：University System of Georgia; University of Georgia; Arizona State University; Arizona State University-Tempe; Indiana University System; Indiana University Bloomington
摘要：Recent research finds that analysts' cash flow forecasts have meaningful financial reporting ramifications, but, to date, the identified effects are unlikely to yield meaningful cash flow benefits. This study examines whether analysts' cash flow forecasts encourage managers to enhance the firm's cash flow position through tax avoidance activities. We evaluate the change in cash tax avoidance after analysts begin issuing cash flow forecasts relative to a propensity score matched control sample ...
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作者：Cheng, Qiang; Goh, Beng Wee; Kim, Jae B.
作者单位：Singapore Management University; Lehigh University
摘要：In this study, we examine whether internal control over financial reporting affects firm operational efficiency. We find that operational efficiency, derived from frontier analysis, is significantly lower among firms with material weaknesses in internal control relative to firms without such weaknesses. We also find that the remediation of material weaknesses leads to an improvement in operational efficiency. Additional analyses indicate that the negative effect of material weaknesses on opera...
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作者：Dou, Yiwei; Hope, Ole-Kristian; Thomas, Wayne B.; Zou, Youli
作者单位：New York University; University of Toronto; BI Norwegian Business School; University of Oklahoma System; University of Oklahoma - Norman; George Washington University
摘要：Recent theoretical and empirical studies suggest that blockholders (shareholders with ownership5 percent) exert governance through the threat of exit. Blockholders have strong incentives to gather private information and sell their shares when managers are perceived to underperform. To prevent blockholders from selling their shares and the firm from suffering a stock price decline, managers align their actions with the interests of shareholders. As a result of the greater manager-shareholder a...
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作者：Sabac, Florin; Yoo, Junwook
作者单位：University of Alberta; Marshall University
摘要：In multi-task environments, the efficiency of aggregating managerial performance information and the degree of customization/standardization are closely related. Aggregation without information loss (i.e., statistically sufficient) requires at least as many measures as there are effective tasks (which arise through a task aggregation process analogous to that applied to homogeneous activities in activity-based costing) and can be used uniformly for evaluation across similar jobs. Aggregation w...
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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：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...
