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作者：Dorantes, Carlos-Alberto; Li, Chan; Peters, Gary F.; Richardson, Vernon J.
作者单位：Tecnologico de Monterrey; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Arkansas System; University of Arkansas Fayetteville
摘要：This study uses an archival research design to assess the impact of enterprise systems on a firm's internal information environment as reflected in the production of management earnings forecasts. Specifically, the authors hypothesize that, if enterprise systems improve management's access to decision-relevant internal information, higher quality management earnings forecasts should ensue. Consistent with disclosure theory and the purported technical characteristics of enterprise systems, the ...
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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：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：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...
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作者：Hannan, R. Lynn; Towry, Kristy L.; Zhang, Yue (May)
作者单位：Tulane University; Emory University; Northeastern University - China
摘要：This study investigates experimentally how mutual monitoring affects effort when employees are compensated via rank-order tournaments. Theory and anecdotal evidence suggest that mutual monitoring may either decrease effort by facilitating collusion or increase effort by stimulating competition. In our first experiment, we find that mutual monitoring increases effort, because participants do not attempt to collude but rather behave competitively. This result leads us to expand our theory and de...
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作者：Brochet, Francois; Jagolinzer, Alan D.; Riedl, Edward J.
作者单位：Harvard University; University of Colorado System; University of Colorado Boulder; Boston University
摘要：This study examines whether mandatory adoption of International Financial Reporting Standards (IFRS) leads to capital market benefits through enhanced financial statement comparability. U.K. domestic standards are considered very similar to IFRS, suggesting any capital market benefits observed for U.K.-domiciled firms are more likely attributable to improvements in comparability (i.e., better precision of across-firm information) than to changes in information quality specific to the firm (i.e...
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作者：Gong, Guojin; Ke, Bin; Yu, Yong
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Nanyang Technological University; University of Texas System; University of Texas Austin
摘要：We examine whether home country investor protection and ownership structure affect cross-listed firms' compliance with SOX-mandated internal control deficiency (ICD) disclosures. We develop a proxy for the likelihood of cross-listed firms' ICD misreporting during the Section 302 reporting regime. For cross-listed firms domiciled in weak investor protection countries, we have three main findings. First, firms whose managers control their firms and have voting rights in excess of cash flow right...
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作者：Markelevich, Ariel; Rosner, Rebecca L.
作者单位：Suffolk University; Long Island University; Long Island University Post
摘要：The issue of whether auditor fees affect auditor independence has been extensively debated by regulators, investors, investment professionals, auditors, and researchers. The revised Securities and Exchange Commission (SEC) requirements that resulted from the implementation of the Sarbanes-Oxley Act (2002) limit nonaudit services (NAS) and mandate NAS fee disclosure. The SEC's requirements are based on the argument that auditor independence could be impairedand hence audit quality may be reduce...
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作者：Selto, Frank H.; Cussatt, Marc
作者单位：University of Colorado System; University of Colorado Boulder
摘要：We discuss the strengths and weaknesses of the article by Cohen, Dey and Lys (CDL). Strengths include persuasive theoretical arguments for impacts of the Sarbanes Oxley Act (SOX) on corporate investment strategies and for several mechanisms through which firms influence changes in risky investments. CDL also provides intriguing opportunities for learning about impacts of external regulatory events and for enriching management accounting research and classroom discussions of management control....
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作者：Gong, Guojin; Li, Laura Yue; Zhou, Ling
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Illinois System; University of Illinois Urbana-Champaign; University of New Mexico
摘要：Earnings non-synchronicity reflects the extent to which firm-specific factors determine a firm's earnings. Prior research suggests that high earnings non-synchronicity impedes corporate outsiders' ability to process information. This study examines the impact of earnings non-synchronicity on managers' decisions to provide earnings forecasts. We propose that high earnings non-synchronicity motivates managers to issue earnings forecasts to reduce information asymmetry between managers and invest...
