-
作者：Armstrong, Christopher; Blackburne, Terrence
作者单位：University of Pennsylvania
-
作者：Balachandran, Sudhakar V.; Joos, Peter; Weber, Joseph
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Massachusetts Institute of Technology (MIT)
摘要：We provide evidence on the efficiency of shareholder voting as a control mechanism by examining the decision by firms to adopt equity-based compensation plans with or without shareholder approval and by investigating the relation between shareholder approval of equity-based compensation plans and firm performance in the future. In our first analysis, we find that firms that are more likely to have equity-based compensation plans rejected are also more likely to adopt plans without shareholder ...
-
作者：Bhattacharjee, Sudip; Moreno, Kimberly K.; Riley, Tracey
作者单位：Virginia Polytechnic Institute & State University; Northeastern University; Suffolk University
摘要：Research has found that auditors are sensitive to source reliability factors, primarily focusing on competence, objectivity, and integrity. However, psychology research suggests that other source characteristics can influence persuasion. Little auditing research to date has examined other source factors that can impact persuasion on their own or, more importantly, how they may interact with known source characteristics like competence and objectivity to influence audit judgment. One such sourc...
-
作者：Jennings, Ross; Weaver, Connie D.; Mayew, William J.
作者单位：University of Texas System; University of Texas Austin; Duke University; Texas A&M University System; Texas A&M University College Station
摘要：We examine the extent of implicit taxes at the corporate level and the effect on implicit taxes of the Tax Reform Act of 1986 (TRA86) in the United States. Using a variety of specifications, we find consistent evidence that implicit taxes eliminated virtually all of the cross-sectional differences in explicit tax preferences prior to TRA86, and then abruptly declined and eliminated only about one-third of the cross-sectional differences in tax preferences in years following TRA86. We triangula...
-
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...
-
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...
