2期

最新文章

• Does Earnings Quality Affect Information Asymmetry? Evidence from Trading Costs AI翻译
  作者：Bhattacharya, Nilabhra; Desai, Hemang; Venkataraman, Kumar
  作者单位：Southern Methodist University
• Auditor Fees and Auditor Independence: Evidence from Going Concern Reporting Decisions AI翻译
  作者：Blay, Allen D.; Geiger, Marshall A.
  作者单位：State University System of Florida; Florida State University; University of Richmond
• Accounting Restatements and External Financing Choices AI翻译
  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...
• Are Analysts' Cash Flow Forecasts Naive Extensions of Their Own Earnings Forecasts? AI翻译
  作者：Call, Andrew C.; Chen, Shuping; Tong, Yen H.
  作者单位：University System of Georgia; University of Georgia; University of Texas System; University of Texas Austin; Nanyang Technological University
  摘要：We examine the sophistication of analysts' cash flow forecasts to better understand what accrual adjustments, if any, analysts make when forecasting cash flows. As a preliminary step, we first demonstrate that prior empirical tests used to evaluate the sophistication of analysts' cash flow forecasts are not diagnostic. We then present three sets of evidence to triangulate our conclusion that analysts' cash flow forecasts incorporate meaningful accrual adjustments. First, we review a stratified...
• Earnings Smoothing Activities of Firms to Manage Credit Ratings AI翻译
  作者：Jung, Boochun; Soderstrom, Naomi; Yang, Yanhua Sunny
  作者单位：University of Hawaii System; University of Hawaii Manoa; University of Colorado System; University of Colorado Boulder; University of Melbourne; University of Connecticut
• Dividend Policy at Firms Accused of Accounting Fraud AI翻译
  作者：Caskey, Judson; Hanlon, Michelle
  作者单位：Massachusetts Institute of Technology (MIT)
  摘要：Recent studies and some policy experts have posited that dividends indicate higher-quality earnings. In this study, we test this conjecture by comparing the dividend policies of firms accused of accounting fraud to those of firms not accused of accounting fraud. Specifically, we examine whether alleged fraud firms are as likely to be dividend payers as non-fraud firms, and whether managers of dividend-paying fraud firms increase dividends at the same rate as managers of non-fraud firms. Our da...
• Business Strategy, Financial Reporting Irregularities, and Audit Effort AI翻译
  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...
• Time-Varying Earnings Persistence and the Delayed Stock Return Reaction to Earnings Announcements AI翻译
  作者：Chen, Changling
  作者单位：University of Waterloo
• Discussion of Are Analysts' Cash Flow Forecasts Naive Extensions of Their Own Earnings Forecasts? AI翻译
  作者：Mangen, Claudine
  作者单位：Concordia University - Canada