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作者：Bennett, G. Bradley; Hatfield, Richard C.; Stefaniak, Chad
作者单位：University of Massachusetts System; University of Massachusetts Amherst; University of Alabama System; University of Alabama Tuscaloosa; Central Michigan University
摘要：This study compares auditors' and chief financial officer (CFO)s' prenegotiation judgments and considers the potential differential impact the end of the audit (deadline pressure) has on each party. General negotiation literature suggests that individuals change their behaviors as deadline pressure increases (i.e., when there is less time in which to conduct a negotiation) in order to increase the probability of reaching an agreement. In an audit context, the end-of-engagement deadline is ofte...
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作者：de Waegenaere, Anja; Sansing, Richard; Wielhouwer, Jacco L.
作者单位：Tilburg University; Dartmouth College; Tilburg University; Vrije Universiteit Amsterdam
摘要：This study examines a setting in which a tax-reporting decision is delegated to a firm's tax manager. Using financial accounting measures of tax expense to evaluate the tax manager allows the firm to efficiently attain the level of tax avoidance it prefers, despite the fact that the consequences of the tax-reporting decision will occur in the future. The study also examines how well two accounting measures of tax aggressiveness-cash taxes paid and the unrecognized tax benefit-distinguish betwe...
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作者：Elliott, W. Brooke
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：Bloomfield, Hodge, Hopkins and Rennekamp (2015) provide evidence that the disaggregation and location of financial statements items (i.e., coordinated presentation) jointly influence credit analysts' profit margin projections and justifications for a credit downgrade decision. The study provides insights as to the effect of multiple presentation attributes on sophisticated user behavior. In this discussion, I position the paper in the earnings presentation effects literature and broadly discus...
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作者：Lambert, Richard A.; Verrecchia, Robert E.
作者单位：University of Pennsylvania
摘要：This paper makes two contributions to the literature. First, we extend results on the impact of asymmetric information on cost of capital to a multi-asset environment. Second, we develop a transformation of the impact that allows equilibrium conditions to be expressed in closed form. Using these closed-form expressions, we derive a variety of comparative static results about the behavior of cost of capital. Our results are relevant to a large empirical literature that examines the relation bet...
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作者：Eldenburg, Leslie G.; Gaertner, Fabio B.; Goodman, Theodore H.
作者单位：University of Arizona; University of Wisconsin System; University of Wisconsin Madison; Purdue University System; Purdue University
摘要：Recent accounting research provides evidence that similar profit-based compensation incentives are used in for-profit and nonprofit hospitals. Because charity care reduces profits, such incentives should lead for-profit hospital managers to reduce charity care levels. Nonprofit hospital managers, however, may respond differently to the same incentives because they face a different set of institutional pressures and constraints. We compare the association between pay-for-performance incentives ...
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作者：Free, Clinton; Murphy, Pamela R.
作者单位：University of New South Wales Sydney; Queens University - Canada
摘要：It is frequently observed that fraud has a greater economic impact on society than any other category of crime. Arguing that both research and practitioner frameworks in auditing and forensic accounting have tended to adopt an individualizing perspective predicated primarily on solo offending, this article adopts an inductive approach to consider why individuals co-offend in fraud. It reports the results of a set of interviews with 37 individuals convicted of a range of frauds including financ...
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作者：Bova, Francesco; Dou, Yiwei; Hope, Ole-Kristian
作者单位：University of Toronto; New York University
摘要：Evidence suggests that managers have an incentive to keep information opaque with the market when negotiating with employees who can extract above-market rents from the firm. We argue that employee ownership should mitigate this incentive to extract above-market rents and, in turn, alleviate the firm's need to keep information opaque. Consistent with our expectations and using a number of proxies for disclosure, we find that firms whose nonmanager employees have strong bargaining power provide...
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作者：Williams, Paul F.; Ravenscroft, Sue P.
作者单位：North Carolina State University; University of Strathclyde; Iowa State University
摘要：Decision usefulness has served as the stated rationale for selecting accounting standards for over 40 years. Its authority, however, was not gained through explicit theory development or argumentation, but was instead born full grown (Staubus 1999, 163) as a conceptual takeover in the dead of night (338). The lack of an extended period of argumentation and debate meant decision usefulness's conceptual weaknesses were remarked upon but allowed to remain unresolved. We evaluate whether decision ...
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作者：Francis, Bill; Hasan, Iftekhar; Park, Jong Chool; Wu, Qiang
作者单位：Rensselaer Polytechnic Institute; Fordham University; Bank of Finland; Old Dominion University
摘要：This paper investigates the effect of CFO gender on corporate financial reporting decision making. Focusing on firms that experience changes of CFO from male to female, the paper compares the firms' degree of accounting conservatism between pre- and post-transition periods. We find that female CFOs are more conservative in their financial reporting. In addition, we find that the relation between CFO gender and conservatism varies with the level of various firm risks, including litigation risk,...
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作者：Campbell, John L.
作者单位：University System of Georgia; University of Georgia
摘要：The SEC and FASB recently expressed concerns that investors do not fully assimilate all of the information provided by complex and incomplete derivatives and other comprehensive income (OCI) disclosures. My evidence supports these concerns. Specifically, I examine the information content of unrealized cash flow hedge gains/losses for future profitability and stock returns. An unrealized gain on a cash flow hedge suggests that the price of the underlying hedged item (i.e., commodity price, fore...
