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作者：Hansen, Victoria J.; Jackson, Scott B.; Schaefer, Tammie J.; Stewart, Bryan W.
作者单位：University of North Carolina; University of North Carolina Wilmington; University of South Carolina System; University of South Carolina Columbia; University of Missouri System; University of Missouri Kansas City; Brigham Young University
摘要：Contracting between tax entities and tax professionals occurs millions of times every year, yet little is known about the nature of these economic interactions. This study examines the effect of commonly occurring contextual factors on tax professionals' billing decisions for tax research. These contextual factors are unrelated to the tax research itself and the time it takes to conduct the tax research, but we find that billing decisions are strongly influenced by the three non-time-related c...
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作者：Bao, Dichu; Fung, Simon Yu Kit; Su, Lixin (Nancy)
作者单位：Hong Kong Polytechnic University; Deakin University; Lingnan University
摘要：Using a propensity score matched sample and a difference-in-differences research design, we find that stock price crash risk increases after a firm voluntarily incorporates clawback provisions in executive officers' compensation contracts. This heightened crash risk is concentrated in adopters that increase upward real activities-based earnings management and those that reduce the readability of 10-K reports. Based on cross-sectional analyses, we also find that the increased crash risk is more...
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作者：Gleason, Cristi A.; Mills, Lillian F.; Nessa, Michelle L.
作者单位：University of Iowa; University of Texas System; University of Texas Austin; Michigan State University
摘要：This paper examines whether the increased accounting guidance and reporting requirements of FIN 48 impact the adequacy and accuracy of tax reserves and the effect of auditor-provided tax services on tax reserves. While we do not find FIN 48 affected the adequacy or accuracy of tax reserves on average, FIN 48 eliminated the differences in the tax reserve adequacy of firms with and without auditor-provided tax services that existed prior to its adoption. We also find evidence of less premature r...
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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：Georgiou, Omiros
作者单位：University of Manchester
摘要：Investors and analysts are designated as the primary users of financial reports by standard setters, yet we know very little about their use of accounting information and about their relationship with standard setters. This paper explores how investors and analysts evaluate the usefulness of fair values to their work. Standard setters typically presume that investors and analysts view accounting as a practice of valuation and, therefore, favor the greater use of fair value measurement. However...
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作者：Li, Na; Wahid, Aida Sijamic
作者单位：Singapore Management University; University of Toronto
摘要：This study examines the impact of director tenure diversity on board effectiveness. We find that tenure-diverse boards exhibit significantly higher CEO performance-turnover sensitivity and that firms with tenure-diverse audit committees are less likely to experience accounting restatements. Furthermore, we document that tenure-diverse compensation committees also award less excess compensation and are less likely to overcompensate. Even though tenure-diverse boards seem to exhibit superior mon...
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作者：Bianchi, Pietro A.
作者单位：University of Miami
摘要：This study examines the effect of auditors' collaboration in joint audit engagements on knowledge transfer, auditor expertise, and audit outcomes. I employ a unique sample of Italian private companies whose financial statements are jointly audited by three individual auditors and use measures from the network literature to capture the intensity of interactions between these auditors. I find a positive association between several audit quality proxies and auditors' collaboration in multiple joi...
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作者：Christensen, Dane M.; Jones, Keith L.; Kenchington, David G.
作者单位：University of Oregon; University of Kansas; Arizona State University; Arizona State University-Tempe
摘要：We investigate whether attitudes toward gambling help explain the occurrence of intentional misreporting. Similar to gambling, some financial reporting choices involve taking deliberate, speculative risks. We predict that in places where gambling is more socially acceptable, managers will be more likely to take financial reporting risks that increase the likelihood the financial statements will need to be restated. To test this prediction, we exploit geographic variation in local gambling atti...
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作者：Dikolli, Shane S.; Diser, Viktoria; Hofmann, Christian; Pfeiffer, Thomas
作者单位：Duke University; University of Munich; University of Vienna
摘要：We model relative performance evaluation (RPE) when a Chief Executive Officer (CEO) has the power to opportunistically influence the design of RPE by choosing the weight on an index-based peer group or by customizing the selection of peers comprising a peer group. A powerful CEO compares the benefits of reducing common risk affecting his compensation with the benefits of receiving a higher bonus by economizing on expected peer-group performance. As a consequence, the Board of Directors (BoD) i...
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作者：Goldie, Bradley A.; Li, Lei; Masli, Adi
作者单位：University of Miami; University of Kansas
摘要：We study the influence of perceived auditor quality on investment decisions by bond mutual fund investors. Audits of bond mutual funds require significant auditor expertise. Fund managers estimate daily the fair market values of holdings that are often opaque and illiquid. Managers can use their discretion to manipulate their fund's performance results. While it is known that investment flows into funds that report good past performance, little evidence exists about whether investors' confiden...
