-
作者：Glover, Jonathan; Kim, Eunhee
作者单位：Columbia University; Carnegie Mellon University
摘要：Evans, Moser, Newman, and Stikeleather (2016) use experiments of a one-shot game to analyze the impact of open versus closed internal reporting on collusive managerial behavior. They interpret their results as inconsistent with economic theory. To better contrast their findings with economic theory and to expand their view of same, we sketch economic models capable of explaining many aspects of their results. We also critique the research design and offer an alternative payoff structure. We th...
-
作者：Shevlin, Terry
作者单位：University of California System; University of California Irvine
摘要：Chow, Klassen, and Liu (2016), hereafter CKL, examine whether M&A bidding firms are willing to pay more for target firms that disclose they have not participated in a tax shelter sometime in the past. My discussion provides an overview of the past and current tax literature in accounting and places CKL within this expanding literature. I then provide a critique of this interesting and well-executed study that exploits an unusual disclosure to examine tax shelter participation effects.
-
作者：Vansant, Brian
作者单位：Auburn University System; Auburn University
摘要：This study examines the relationship between institutional pressures to provide social benefits and the discretionary accrual behavior of nonprofit firms. I examine this issue within the context of U.S. nonprofit hospitals, an economically significant and politically rich setting where firms face considerable institutional pressure to provide an important social benefit: charity care. I argue that institutional pressures on nonprofits to provide higher levels of social benefits imply that lowe...
-
作者：Ferri, Fabrizio; Oesch, David
作者单位：Columbia University; University of Zurich
摘要：The literature on shareholder voting has mostly focused on the influence of proxy advisors on shareholder votes. We exploit a unique empirical setting enabling us to provide a direct estimate of management's influence. Analyzing shareholder votes on the frequency of future say on pay (SOP) votes, we find that a management recommendation for a particular frequency is associated with a 26 percent increase in voting support for that frequency. Additional tests suggest that the documented associat...
-
作者：Christensen, Brant E.; Glover, Steven M.; Omer, Thomas C.; Shelley, Marjorie K.
作者单位：University of Missouri System; University of Missouri Columbia; Brigham Young University; University of Nebraska System; University of Nebraska Lincoln
摘要：Projects seeking to define, measure, and evaluate audit quality are on the agendas of auditing standards setters as well as audit firms. The Public Company Accounting Oversight Board (PCAOB) currently provides information regarding audit quality through the release of inspection reports, and the Board intends to establish and report audit quality indicators. To provide additional perspective on audit quality, we obtain auditors' and investors' views, definitions, and indicators of audit qualit...
