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作者：Pincus, Morton; Tian, Feng; Wellmeyer, Patricia; Xu, Sean Xin
作者单位：University of California System; University of California Irvine; Hong Kong Polytechnic University; Norwegian School of Economics (NHH); Tsinghua University
摘要：Enterprise systems (ESs) are widely used to support business processes along the enterprise value chain. It has been shown that ESs, by integrating business functions and making information about day-to-day activities available, enhance operational transparency and improve the internal information environment. However, while ES-based business infrastructures can offer many benefits, their prevalence and increased complexity have also brought new challenges to external auditors. Motivated by th...
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作者：Donelson, Dain C.; Jennings, Ross; Mcinnis, John
作者单位：University of Texas System; University of Texas Austin
摘要：We survey commercial bank lenders to better understand how they evaluate and react to variation in financial statement quality and how they view recent changes in accounting standards. A unique aspect of this study is that our respondents focus on medium-size loans to private companies. In fact, more than 90 percent of the survey respondents primarily make credit decisions on loans between $250 thousand and $50million. This is in contrast to prior archival research, which focuses primarily on ...
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作者：Joo, Jeong Hwan; Chamberlain, Sandra L.
作者单位：University of Hong Kong; University of British Columbia
摘要：Prior research (e.g., Dechow, Huson, and Sloan [Dechow, P., 1994]) documents that, on average, compensation practices appear to shield CEO pay from income-decreasing special items. In some circumstances, compensation shielding can be efficient. For example, it may encourage CEOs with earnings-sensitive pay to take an action that reduces current earnings but nevertheless enhances value. Compensation shielding can be inefficient in other circumstances, such as when a board of directors is captur...
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作者：Grinstein, Yaniv; Weinbaum, David; Yehuda, Nir
作者单位：Reichman University; Cornell University; Syracuse University; University of Texas System; University of Texas Dallas
摘要：In December 2006, the SEC issued new rules requiring enhanced disclosure by public U.S. firms of perquisites granted to their executives. The rules applied to perquisites granted in fiscal year 2006 and thereafter. Because the rules were implemented quickly, the perks disclosed for 2006 reflect the arrangements firms made under prior disclosure rules: firms could not revise perks to reflect the new rules until 2007. For firms that disclose for the first time in 2006, we predict and find that p...
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作者：Chen, Clara Xiaoling; Nichol, Jennifer E.; Zhou, Flora H.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Northeastern University; University System of Georgia; Georgia State University
摘要：Firms are under increasing pressure to implement effective internal whistleblowing systems. While firms can provide incentives to encourage internal whistleblowing, it remains controversial how such incentives should be structured. We examine whether the effectiveness of incentives encouraging internal whistleblowing is a joint function of the framing of such incentives (reward or penalty) and the strength of descriptive norms supporting internal whistleblowing. We predict and find in a lab ex...
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作者：Kim, Jaewoo; Lee, Kyeong Hun; Lie, Erik
作者单位：University of Rochester; Norwegian School of Economics (NHH); University of Iowa
摘要：Consistent with the notion that dividends are very sticky, Daniel, Denis, and Naveen () report evidence that firms manage earnings upward when pre-managed earnings are expected to fall short of dividend payments. However, we find that this evidence is not robust when controlling for firms' tendency to manage earnings upward to avoid reporting earnings declines; only firms with high leverage exhibit a statistically weak tendency to manage earnings to close deficits of pre-managed earnings relat...
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作者：Das, Somnath; Kim, Kyonghee; Patro, Sukesh
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Michigan State University; Northern Illinois University
摘要：We study circumstances when analysts' forecasts diverge from managers' forecasts after management guidance, and the consequences of this divergence for investors and analysts. Our results show that investors' return response to earnings surprises based on analyst forecasts is significantly weaker when analyst and management forecasts diverge, and that this attenuating effect is stronger when the management forecast is more credible. When the divergent management forecast is more accurate than ...
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作者：Hillison, Sean M.; Peecher, Mark E.
作者单位：Virginia Polytechnic Institute & State University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We organize our discussion of Haislip, Myers, Scholz, and Seidel (2017) (hereafter HMSS) around three areas: managing auditor business risk, a lack of auditor competence as an alternative story to auditors acting independently for their results, and drawing inferences from archival vis-a-vis experimental studies. We conclude our discussion by arguing that the investigation by HMSS sets the stage for future research concerning why earnings revisions occur and why auditors and CFOs appear to bea...
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作者：Francis, Jere R.; Mehta, Mihir N.; Zhao, Wanli
作者单位：University of Missouri System; University of Missouri Columbia; University of Technology Sydney; University of Michigan System; University of Michigan; Southern Illinois University System; Southern Illinois University; Renmin University of China
摘要：Our study reports evidence on the dynamic effects of client switches on auditor reputations and fee premia. Offices of large accounting firms that lose (gain) major industry clients experience a reputation shock leading to more same-industry client losses (gains) over the next two years. There is also a shift in audit fees charged to other same-industry clients when a major client loss (gain) results in an audit office losing (gaining) city-level industry leadership. A major client loss or gai...
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作者：Haislip, Jacob Z.; Myers, Linda A.; Scholz, Susan; Seidel, Timothy A.
作者单位：University of North Texas System; University of North Texas Denton; University of Tennessee System; University of Tennessee Knoxville; University of Kansas; Brigham Young University
摘要：In this study, we investigate the consequences that auditors and their clients face when earnings announced in an unaudited earnings release are subsequently revised, presumably as a result of year-end audit procedures, so that earnings as reported in the 10-K differ from earnings as previously announced. Specifically, we examine whether the likelihood of an auditor losing the client is greater following such revisions, and whether the likelihood of dismissal is influenced by revisions that mo...
