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作者：Bentley, Kathleen A.; Omer, Thomas C.; Sharp, Nathan Y.
作者单位：University of New South Wales Sydney; Texas A&M University System; Texas A&M University College Station
摘要：This study examines whether clients' business strategies are a factor in determining the occurrence of financial reporting irregularities and the level of audit effort. We use the organizational strategy theory of Miles and Snow to develop a comprehensive measure of business strategy using publicly available data. We find that Miles and Snow's Prospector strategy is more likely to be involved in financial reporting irregularities and generally requires greater audit effort. The business strate...
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作者：Chen, Changling
作者单位：University of Waterloo
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作者：Mangen, Claudine
作者单位：Concordia University - Canada
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作者：Kuang, Yu Flora; Qin, Bo
作者单位：Vrije Universiteit Amsterdam; University of Amsterdam
摘要：This study examines the sophistication of rating agencies in incorporating managerial risk-taking incentives into their credit risk evaluation. We measure risk-taking incentives using two proxies: the sensitivity of managerial wealth to stock return volatility (vega) and the sensitivity of managerial wealth to stock price (delta). We find that rating agencies impound managerial risk-taking incentives in their credit risk assessments. Assuming other things equal, a one standard deviation increa...
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作者：Jones, Denise A.
作者单位：William & Mary
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作者：Neu, Dean; Everett, Jeff; Rahaman, Abu Shiraz
作者单位：York University - Canada; University of Calgary
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作者：Baxter, Ryan; Bedard, Jean C.; Hoitash, Rani; Yezegel, Ari
作者单位：Bentley University; University of New South Wales Sydney
摘要：This paper investigates factors associated with high-quality Enterprise Risk Management (ERM) programs in financial services firms, and whether ERM quality enhances performance and signals credibility to the financial markets. ERM, developed with the assistance of the accounting profession, provides a framework and plan to integrate management of all sources of risk. Challenged by measurement difficulties common to research on management control systems, prior ERM studies present mixed finding...
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作者：Chen, Xia; Cheng, Qiang; Dai, Zhonglan
作者单位：Singapore Management University; University of Texas System; University of Texas Dallas
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作者：Van Der Stede, Wim A.
作者单位：University of London; London School Economics & Political Science
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作者：Horton, Joanne; Serafeim, George; Serafeim, Ioanna
作者单位：University of Exeter; Harvard University
摘要：More than 120 countries require or permit the use of International Financial Reporting Standards (IFRS) by publicly listed companies on the basis of higher information quality and accounting comparability from IFRS application. However, the empirical evidence about these presumed benefits is often conflicting and fails to distinguish between information quality and comparability. In this paper we examine the effect of mandatory IFRS adoption on firms' information environment. We find that afte...
