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作者：Klein, April
作者单位：New York University
摘要：Chen, Collins, Kravet, and Mergenthaler (CCKM, ) is an empirical investigation of whether, after controlling for other known determinants of an acquirer's abnormal stock returns and expected and realized synergies, financial statement comparability impacts the investment decisions surrounding the acquirer's purchase of another company. The primary result is that higher financial statement comparability, as measured by De Franco, Kothari, and Verdi (DKV, ), yields improvements on outcomes assoc...
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作者：Chen, Feng; Hope, Ole-Kristian; Li, Qingyuan; Wang, Xin
作者单位：University of Toronto; BI Norwegian Business School; Wuhan University; University of Hong Kong
摘要：We examine whether international equity mutual fund managers shift their portfolios toward stocks with higher financial reporting quality (FRQ) during periods of high political uncertainty. Our study is motivated by two primary factors. First, prior research shows evidence of fund managers' flight to quality (e.g., to less risky securities) during periods of uncertainty. Second, recent theoretical research concludes that stocks with higher FRQ are assessed as less sensitive to systematic risk ...
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作者：Ahrens, Thomas
作者单位：United Arab Emirates University
摘要：How do management control practices structure other organizational practices? This paper proposes a theory of practice hierarchies. The key idea is that organizations possess constitutive rules that define their character. They are enacted by the practices at the top of the hierarchy. These anchor practices contain objectives and established ways of doing things that control, or structure, subsidiary practices. They do so by defining key social relationships in the organization, often ones tha...
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作者：Khurana, Inder K.; Pereira, Raynolde; Zhang, Eliza (Xia)
作者单位：University of Missouri System; University of Missouri Columbia; University of Washington; University of Washington Tacoma
摘要：This study examines whether and when real earnings smoothing influences firm-specific stock price crash risk. Using a sample of U.S. public firms for the years 1993 through 2014, we find real earnings smoothing to be positively associated with firm-specific stock price crash risk. This finding is consistent with the view that real earnings smoothing helps managers withhold bad news, keep poor-performing projects, conceal resource diversion, and engage in ineffective risk management, which incr...
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作者：Johed, Gustav; Catasus, Bino
作者单位：Stockholm University
摘要：This paper examines how auditors prepare for the annual general meeting (AGM) and how they report their work to the shareholders there. Prior literature has suggestedbut not explicitly studiedthat the endpoint of an audit is a state of comfort between the auditor and the management and audit committee members, but also is potentially fragile. The fragility can arise from a failure to relay trust to the investor community, which may initiate or increase doubts about the financial report and/or ...
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作者：Beck, Matthew J.; Francis, Jere R.; Gunn, Joshua L.
作者单位：Michigan State University; University of Missouri System; University of Missouri Columbia; University of Technology Sydney; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Prior research emphasizes the centrality of audit offices in understanding auditing practices, and documents significant interoffice variation in audit outcomes based on industry expertise and office size. Our study examines how two city-specific labor characteristics also affect audit offices and local audit markets: the city's average educational attainment, and the number of accountants in a city, which proxy for a city's human capital. Our argument draws on the urban economics literature a...
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作者：Zhang, Joseph H.
作者单位：University of Memphis
摘要：Accounting comparability among peer firms in the same industry reflects the similarity and the relatedness of firms' operating environments and financial reporting. From the perspectives of inherent audit risk and external information efficiency, comparability is helpful for auditors in assessing client audit risk and lowers the costs of information acquisition, processing, and testing. I posit that the availability of information about comparable clients helps improve audit efficiency and acc...
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作者：Fitzgerald, Brian C.; Omer, Thomas C.; Thompson, Anne M.
作者单位：Northeastern University; University of Nebraska System; University of Nebraska Lincoln; University of Illinois System; University of Illinois Urbana-Champaign
摘要：This study examines the effects of audit partner tenure and audit partner changes on internal control reporting quality for large U.S. not-for-profit (NFP) organizations. Regulators contend that audit partners lose their objectivity over successive audits, reducing audit quality. A large body of research has examined this issue, primarily in non-U.S. jurisdictions, with mixed results. We examine the associations between audit partner tenure and audit partner changes and the incidence of report...
