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作者：Drake, Michael S.; Roulstone, Darren T.; Thornock, Jacob R.
作者单位：Brigham Young University; University System of Ohio; Ohio State University; University of Washington; University of Washington Seattle
摘要：Using a novel data set that tracks all web traffic on the SEC's EDGAR servers from 2008 to 2011, we examine the determinants and capital market consequences of investor information acquisition of SEC filings. The average user employs the database very few times per quarter and most users target specific filing types such as periodic accounting reports; a small subset of users employ EDGAR almost daily and access many filings. EDGAR activity is positively related with corporate events (particul...
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作者：Hribar, Paul; Yehuda, Nir
作者单位：University of Iowa; University of Texas System; University of Texas Dallas
摘要：This paper employs the firm life-cycle concept to extend our understanding of the mispricing of accrual and cash flow information by the stock market. We find that accruals and free cash flows are strongly (negatively) correlated in the maturity and decline stages of a firm's life cycle but not in the growth stage, suggesting that they capture unique information in the growth stage of the firm's life cycle but more correlated information in the later stages. Consistent with this finding, we sh...
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作者：Hand, John R. M.
作者单位：University of North Carolina; University of North Carolina Chapel Hill
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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：Jorgensen, Bjorn N.; Kirschenheiter, Michael T.
作者单位：University of London; London School Economics & Political Science; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：Verrecchia (1983) investigates a manager's incentives for costly, discretionary disclosure of his information to risk-averse traders when the functional form of prices is exogenously specified. We extend Verrecchia (1983) by deriving the endogenously determined functional form of prices that would arise when all traders have constant risk tolerance. We show that these endogenously determined prices are inconsistent with the assumed prices in Verrecchia (1983) when the manager elects to not dis...
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作者：Busco, Cristiano; Quattrone, Paolo
作者单位：Ollscoil na Gaillimhe-University of Galway; University of Edinburgh
摘要：Research on the Balanced Scorecard (BSC) has questioned whether its adoption generates greater integration between financial and nonfinancial performance measures, supports strategy implementation, increases performance and improves strategic decision making. This research has also highlighted how the BSC often generates effects other than these. Building on studies that portray Performance Measurement Systems as intrinsically incomplete practices of representation, the purpose of this article...
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作者：Westermann, Kimberly D.; Bedard, Jean C.; Earley, Christine E.
作者单位：State University System of Florida; Florida International University; Bentley University; University of New South Wales Sydney; Providence College
摘要：We investigate how auditors learn the technical aspects of their professional role while performing client engagements, and how that learning process has been shaped by changes in societal, economic, and regulatory forces. Prior studies explicitly recognize that auditors need social skills and demeanor consistent with professional norms as well as requisite knowledge, but those studies generally focus on the processes through which new auditors are molded toward consistency with social norms. ...
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作者：Purda, Lynnette; Skillicorn, David
作者单位：Queens University - Canada
摘要：We develop a data-generated tool for distinguishing between fraudulent and truthful reports based on the language used in the management discussion and analysis section of annual and interim reports. Using this method, we are able to assign a probability of truth to each report which is then shown to be an effective indicator of fraud. Our work goes beyond the development of a tool alone, however, by conducting an extensive comparison of our probability-of-truth measure with eight alternative ...
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作者：Winchel, Jennifer
作者单位：University of Virginia
摘要：This study experimentally tests the hypothesis that investor reaction to favorable investment ratings is influenced by attributes of analysts' supporting arguments. Specifically, I argue that argument ambiguity and the mix of positive and negative argumentation interact to influence how investors process and, in turn, react to information contained in analysts' arguments. When positive arguments are unambiguous, I predict and find that investors react to the content of the arguments because th...
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作者：Hewitt, Max; Tarca, Ann; Yohn, Teri Lombardi
作者单位：Indiana University System; Indiana University Bloomington; University of Western Australia
摘要：Earnings items are typically classified in financial reports based on their persistence and measurement subjectivity. Archival research examines investors' use of persistence and measurement subjectivity classifications for forecasting and valuation. However, this research typically examines only one of these classifications at a time and ignores the potential interactive implications of an earnings item's persistence and measurement subjectivity classifications. We recruited experienced finan...
