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作者：Johnson, Eric N.; Lowe, D. Jordan; Reckers, Philip M. J.
作者单位：University of Wyoming; Arizona State University; Arizona State University-Tempe
摘要：This study reports on an experiment conducted to assess the influence of different affective mood states on auditors' ability to resist obedience pressure to commit or overlook unethical acts in six audit contexts. Obedience pressure from superiors to comply with unethical directives is of particular concern in public accounting, given the hierarchical structure of audit teams and the power imbalance in superior-subordinate relationships. One hundred and seventy audit seniors from two large in...
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作者：Markle, Kevin
作者单位：University of Iowa
摘要：This paper tests for differences in the tax-motivated income-shifting behaviors of multinationals subject to different systems of taxing foreign earnings. I find that, on average, multinationals subject to territorial tax regimes shift more income than those subject to worldwide tax regimes. The difference in shifting, however, is driven by a difference in the subset of shifting that involves the parent country; multinationals in the two groups appear to shift equally among their foreign affil...
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作者：Kim, Chansog (Francis); Zhang, Liandong
作者单位：State University of New York (SUNY) System; Stony Brook University; City University of Hong Kong
摘要：This study investigates the relation between corporate political connections and tax aggressiveness. We study a broad array of corporate political activities, including the employment of connected directors, campaign contributions, and lobbying. Using a large hand-collected data set of U.S. firms' political connections, we find that politically connected firms are more tax aggressive than nonconnected firms, after controlling for other determinants of tax aggressiveness, industry and year fixe...
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作者：Kim, Jeong-Bon; Zhang, Liandong
作者单位：City University of Hong Kong
摘要：Using a large sample of U.S. firms during 1964-2007, we find that conditional conservatism is associated with a lower likelihood of a firm's future stock price crashes. This finding holds for multiple measures of conditional conservatism and crash risk and is robust to controlling for other known determinants of crash risk and firm-fixed effects. Moreover, we find that the relation between conservatism and crash risk is more pronounced for firms with higher information asymmetry. Overall, our ...
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作者：Kachelmeier, Steven J.; Rasmussen, Stephanie J.; Schmidt, Jaime J.
作者单位：University of Texas System; University of Texas Austin; University of Texas System; University of Texas Arlington
摘要：We use information extracted from a major proxy advisory service to test predictions from institutional theory regarding when and why audit committee (AC) members experience turnover because of evidence of ineffective governance. First, we broadly categorize AC ineffectiveness concerns as either (i) financial reporting failures or (ii) characteristics of individual AC members. Institutional theory suggests that the visible nature of the first category is more likely to threaten perceptions of ...
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作者：Drake, Michael S.; Gee, Kurt H.; Thornock, Jacob R.
作者单位：Brigham Young University; Stanford University; University of Washington
摘要：Each year, the NCAA basketball tournament (March Madness) is a daytime distraction for millions of people, providing a largely exogenous shock to investor attention. We investigate whether March Madness influences the market response to earnings by diverting investor attention away from earnings news. We find that the price reaction to earnings news released during March Madness is muted. This result generally holds across several samples and additional analyses. We also find that the result i...
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作者：Bae, Gil S.; Choi, Seung U. K.; Rho, Joon H. W. A.
作者单位：Korea University; Chungnam National University
摘要：Higher audit fees associated with auditor industry specialization could represent higher unit price charged by industry specialist auditors (ISAs) or the provision of a greater quantity of audit services. This study exploits a field setting in Korea, where the disclosure of audit hours is required in company annual reports, and finds that ISAs charge significantly higher total audit fees but also expend significantly greater audit hours than non-ISAs. When audit fees and hours are considered t...
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作者：Hribar, Paul; Yang, Holly
作者单位：University of Iowa; Singapore Management University
摘要：This paper examines how overconfidence affects the properties of management forecasts. Using both the over-optimism and miscalibration dimensions of overconfidence to generate our predictions, we examine three research questions. First, we examine whether overconfidence increases the likelihood of issuing a forecast. Second, we examine whether overconfidence increases the amount of optimism in management forecasts. Third, we examine whether overconfidence increases the precision of the forecas...
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作者：Edwards, Alexander; Kravet, Todd; Wilson, Ryan
作者单位：University of Toronto; University of Connecticut; University of Oregon
摘要：Current U.S. reporting and tax laws create an incentive for some U.S. firms to avoid the repatriation of foreign earnings, as the U.S. government charges additional corporate taxes on these transfers. Prior research suggests that the combined effect of these incentives leads some U.S. multinational corporations to hold a significant amount of cash overseas. In this study, we investigate the effect of cash trapped overseas on U.S. multinational corporations' foreign acquisitions. Consistent wit...
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作者：Bills, Kenneth L.; Swanquist, Quinn T.; Whited, Robert L.
作者单位：Colorado State University System; Colorado State University Fort Collins; University System of Georgia; Georgia State University; University of Massachusetts System; University of Massachusetts Amherst
摘要：This study provides evidence on how local office growth affects audit quality. We predict that significant recent growth will temporarily stress office resources, leading to a negative relation between office-level growth and audit quality. To test this prediction, we examine a sample of 17,062 firm-year observations from 2005 to 2010. Results indicate a consistent negative relation between changes in volume of audit work and audit quality. Specifically, clients of offices that experience incr...
