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作者：Blay, Allen D.; Geiger, Marshall A.
作者单位：State University System of Florida; Florida State University; University of Richmond
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作者：Donelson, Dain C.; Mcinnis, John M.; Mergenthaler, Richard D.
作者单位：University of Texas System; University of Texas Austin; University of Iowa
摘要：A heated debate exists as to whether discontinuities in earnings distributions are indicative of earnings management. While many studies attribute discontinuities in earnings distributions to earnings management, other studies argue that earnings discontinuities are artifacts of sample selection and research design. Overall, there is limited direct evidence of a connection between earnings discontinuities and earnings management. In this study, we provide direct evidence linking earnings manag...
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作者：Francis, Jere R.; Michas, Paul N.; Yu, Michael D.
作者单位：University of Missouri System; University of Missouri Columbia; University of Arizona
摘要：Francis and Yu (2009) and Choi, Kim, Kim, and Zang (2010) report evidence that Big 4 audits are of higher quality when the engagement office is of larger size. Specifically, client earnings quality is higher and auditors in larger offices are more likely to issue going-concern audit reports. We extend this line of research to test if larger Big 4 offices have fewer client restatements. A client restatement provides more direct evidence of a low-quality audit than earnings quality metrics or go...
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作者：Ye, Minlei; Simunic, Dan A.
作者单位：University of Toronto; University of British Columbia
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作者：Chen, Xia; Cheng, Qiang; Lo, Alvis K.
作者单位：Singapore Management University; Boston College
摘要：There is little research on how accounting information quality affects a firm's external financing choices. In this paper, we use the occurrence of accounting restatements as a proxy for the reduced credibility of accounting information and investigate how restatements affect a firm's external financing choices. We find that for firms that obtain external financing after restatements, they rely more on debt financing, especially private debt financing, and less on equity financing. The increas...
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作者：Ahmed, Anwer S.; Neel, Michael; Wang, Dechun
作者单位：Texas A&M University System; Texas A&M University College Station; University of Houston System; University of Houston
摘要：We provide evidence on the preliminary effects of mandatory adoption of International Financial Reporting Standards (IFRS) on accounting quality for a relatively broad set of firms from 20 countries that adopted IFRS in 2005 relative to a benchmark group of firms from countries that did not adopt IFRS matched on the strength of legal enforcement, industry, size, book-to-market, and accounting performance. Relative to these benchmark firms, we find that IFRS firms exhibit significant increases ...
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作者：Arping, Stefan; Sautner, Zacharias
作者单位：University of Amsterdam
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作者：Caskey, Judson
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作者：Liao, Pei-Cheng; Radhakrishnan, Suresh
作者单位：National Taiwan University; University of Texas System; University of Texas Dallas
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作者：Cohen, Daniel A.; Dey, Aiyesha; Lys, Thomas Z.
作者单位：University of Texas System; University of Texas Dallas; University of Minnesota System; University of Minnesota Twin Cities; Northwestern University
摘要：We investigate the mechanism through which the Sarbanes Oxley Act (SOX) was associated with changes in corporate investment strategies. We document that the passage of the governance regulations in SOX was followed by a significant decline in pay-performance sensitivity (Delta) and incentives to take risk (Vega) in CEOs' compensation contracts. These changes in compensation contracts are related to a decline in investments, including research and development expenditures, capital investments a...
