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作者：Aggarwal, Raj; Cao, Jian; Chen, Feng
作者单位：University System of Ohio; University of Akron; State University System of Florida; Florida Atlantic University; University of Toronto
摘要：While theory suggests that dividends can be an important credible signal for firm performance, prior studies have been unable to provide strong evidence of dividend signaling among publicly listed U. S. companies. One potential explanation for this inconsistency between theory and empirical evidence is that the cross-sectional variation in information asymmetry across U. S. firms is insufficient to provide adequate test power. In this study, we revisit the link between dividend signaling and f...
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作者：He, Xianjie; Wong, T. J.; Young, Danqing
作者单位：Shanghai University of Finance & Economics; Chinese University of Hong Kong
摘要：This study examines an important but underresearched issue - unintended consequences of mandatory adoption of International Financial Reporting Standards (IFRS). Such unintended consequences are likely to occur in markets in which financial accounting plays a stronger contracting role than the information role and those in which the institutional environment is incompatible with IFRS. Using data from China's adoption of IFRS- based and fair value- oriented new accounting standards in 2007, we ...
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作者：Hecht, Gary; Tafkov, Ivo; Towry, Kristy L.
作者单位：University of Wisconsin System; University of Wisconsin Madison; University System of Georgia; Georgia State University; Emory University
摘要：Holmstrom and Milgrom (1991) suggest that use of partial incentive contracts - contracts that provide performance- based pay for only a subset of tasks - can lead to an undesirable shift of employees' attention away from important tasks for which incentives are infeasible. While prior, intuitive research has not supported this assumption, this study provides a theoretical explanation for this misalignment in the literature. Specifically, extant theory and empirical results in neuroscience rese...
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作者：Prawitt, Douglas F.; Sharp, Nathan Y.; Wood, David A.
作者单位：Brigham Young University; Texas A&M University System; Texas A&M University College Station
摘要：The Sarbanes-Oxley Act (SOX) prohibits companies from outsourcing internal audit work to their external audit provider, likely under the assumption that involvement in the internal audit function creates economic bonding between the external auditor and client, resulting in less objective audits and, by extension, less reliable external financial statements. However, a competing argument posits that assisting with internal audit services creates opportunities for knowledge spillover, resulting...
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作者：Bonner, Sarah E.; Hesford, James W.; Van der Stede, Wim A.; Young, S. Mark
作者单位：University of Southern California; University System of Ohio; University of Akron; University of London; London School Economics & Political Science
摘要：This study examines the social structure that exists for communicating research ideas in five major accounting journals. Understanding the structure of who communicates with whom is important because it shapes the innovativeness of knowledge creation, which prominent accounting scholars have claimed has become limited due to a specific type of communication structure-tribalism. We investigate all the major types of communication structures, using a mathematical algorithm and other analyses to ...
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作者：Davis, Angela K.; Piger, Jeremy M.; Sedor, Lisa M.
作者单位：University of Oregon; DePaul University
摘要：Earnings press releases are the primary mechanism by which managers announce quarterly earnings and make other concurrent disclosures to investors and other stakeholders. A largely unexplored element of earnings press releases is the language that managers use throughout the press release, which we argue provides a unifying framework for these disclosures and an opportunity for managers to signal, both directly and more subtly, their expectations about future performance. We analyze the full t...
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作者：Jansen, Ivo Ph.; Ramnath, Sundaresh; Yohn, Teri Lombardi
作者单位：Rutgers University System; Rutgers University Camden; University of Miami; Indiana University System; Indiana University Bloomington
摘要：We propose and test a new diagnostic of earnings management that is based on contemporaneous, directionally opposite changes in two fundamental accounting ratios: asset turnover (ATO) and profit margin (PM). The logic for this diagnostic follows from the articulation of the income statement and balance sheet, which under fairly general conditions forces ATO and PM to move in opposite directions when firms manage earnings. We therefore hypothesize that contemporaneous increases in PM and decrea...
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作者：Hermanson, Dana R.; Tompkins, James G.; Veliyath, Rajaram; Ye, Zhongxia (Shelly)
作者单位：University System of Georgia; Kennesaw State University
摘要：Executive compensation and compensation committees have been the focus of intense public scrutiny and significant academic research. However, research has primarily examined compensation committee inputs and outputs, with the committee process being treated as a black box and remaining relatively unexamined. Accordingly, our fundamental research question in this study is, What process specific actions and thought processes) do U. S. public company compensation committees employ to meet their r...
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作者：Lee, Yen-Jung
作者单位：National Taiwan University
摘要：This paper investigates how quarterly report (10-Q) readability affects the information efficiency of stock prices, defined as the speed at which earnings news is impounded into security prices. Using quarterly reports filed with the SEC between 2001 and 2007, I find that less (more) of the earnings-related information is incorporated into stock prices during the three-day 10-Q filing (post-filing drift) window for firm-quarters with unexpectedly longer and more textually complex 10-Qs, consis...
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作者：Johnson, Eric N.; Fleischman, Gary M.; Valentine, Sean; Walker, Kenton B.
作者单位：University of Wyoming; University of North Dakota Grand Forks
摘要：Current research on the ethics of earnings management has generally not examined the specific ethical dilemma that arises when a choice to engage in earnings management results in positive organizational consequences. In this study, we address this issue by examining the question: Do the ends of positive organizational consequences justify the means of earnings management? To test this question, we analyzed the responses of 264 experienced managers who evaluated scenarios in which an employee ...
