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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：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：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...
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作者：Cheng, C. S. Agnes; Huang, Henry He; Li, Yinghua
作者单位：Hong Kong Polytechnic University; Yeshiva University; Arizona State University; Arizona State University-Tempe
摘要：Hedge fund intervention has been associated with many positive corporate changes and is an important vehicle for informed shareholder monitoring. Effective monitoring has also been positively associated with accounting conservatism. Building upon these prior results, we predict an increase in accounting conservatism after hedge fund intervention. We use a large sample of hedge fund activist events and identify control firms with similar likelihoods of being targeted using the propensity score ...
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作者：Doogar, Rajib; Rowe, Stephen P.; Sivadasan, Padmakumar
作者单位：University of Washington; University of Washington Bothell; Tulane University
摘要：We present the first large-sample empirical evidence on U.S. auditors' responses to changes in entity-level audit risk during 2006-2007, the period leading-up to the financial crisis of 2008-2009. Treating fiscal year 2005 engagements as a precrisis benchmark, we find that audit attention during fiscal year 2006 and 2007 bank audit engagements shifted in line with the shifting audit risks. One implication of these findings is that auditors were able to recognize and respond to financial statem...
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作者：Choi, Bobae; Jung, Kooyul; Lee, Doowon
作者单位：University of Newcastle; Ulsan National Institute of Science & Technology (UNIST)
摘要：This paper investigates information leakage from analyst reports prior to their public release. Previous studies document abnormal trading by institutions or short selling before announcement of recommendation changes. Such pre-release abnormal trading is interpreted as evidence of information leakage from analyst reports. However, if sophisticated investors obtain information similar to what analysts have from other sources, abnormal pre-release trading patterns would be observed even if ther...
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作者：Bedard, Jean; Courteau, Lucie
作者单位：Laval University; Free University of Bozen-Bolzano
摘要：Even though there is a worldwide consensus as to the necessity of an audit of annual financial statements for public companies, there is divergence of views as to the review of interim financial statements. While some jurisdictions make it mandatory (e.g., Australia, France, United States), others allow the review without requiring it (e.g., Canada, United Kingdom). Using a sample of companies listed in Canada, we examine the costs associated with these reviews and the benefits they generate i...
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作者：De Franco, Gus; Hope, Ole-Kristian; Vyas, Dushyantkumar; Zhou, Yibin
作者单位：University of Toronto; University of Texas System; University of Texas Dallas
摘要：Using an extensive database of 356,463 sell-side equity analysts' reports from 2002 to 2009, this study is one of the first to analyze the readability of analysts' reports. We first examine the determinants of variations in analyst report readability. Using several proxies for ability, we show that reports are more readable when issued by analysts with higher ability. Second, we test the relation between analyst report readability and stock trading volume reactions. We find that trading volume...
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作者：van Rinsum, Marcel
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：In this discussion of Bol, Hecht and Smith (this issue; BHS), I examine their theory and experimental setting with the purposes of investigating how their study generalizes and identifying further research possibilities. First, I discuss the uncontrollable events the study addresses, which are influenceable and require innovative effort to prevent adverse effects. What follows next is an analysis of experimental design choices and their implications. In particular, results could be specific to...
