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作者：Wouters, Marc; Roijmans, Diana
作者单位：University of Twente
摘要：We investigate enabling performance measurement systems (PMS) in operations, that is, systems that are perceived by employees as assisting with their daily work. We contrast enabling PMS with those that are primarily a control device by senior management. Previous research in accounting suggests that the development of enabling PMS requires room for experimentation by users, as well as cross-functional knowledge integration. How this can be done has received less attention. Building on the new...
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作者：Bamber, Linda Smith; Barron, Orie E.; Stevens, Douglas E.
作者单位：University System of Georgia; University of Georgia; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; State University System of Florida; Florida State University
摘要：This paper reviews, synthesizes, and critiques the capital market literature examining trading volume around earnings announcements and other financial reports. Our purposes are to assess what we have learned from examining trading volume around these announcements and to suggest directions for future research. We conclude that researchers have yet to realize the potential Beaver identified in 1968 for trading volume to yield unique insights regarding the nature of earnings announcements and o...
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作者：El Ghoul, Sadok; Guedhami, Omrane; Pittman, Jeffrey
作者单位：University of Alberta; University of South Carolina System; University of South Carolina Columbia; Memorial University Newfoundland
摘要：We analyze the importance of Internal Revenue Service (IRS) monitoring to equity pricing in U.S. public firms. Our evidence from large samples implies that equity financing is cheaper when the probability of an IRS audit is higher, enabling investors to learn more about the firm. Reflecting its first-order economic impact, our coefficient estimates translate into the cost of equity capital falling, on average, by 58 basis points when the expected probability of an IRS audit rises from 30.51 pe...
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作者：Lu, Hai; Richardson, Gordon; Salterio, Steven
作者单位：University of Toronto; Queens University - Canada
摘要：Public disclosure about effectiveness of internal control systems is subject to much controversy in Canada, resulting in Canadian disclosures being made in Management Discussion and Analysis (MD&A). These disclosures are provided to investors without a definition of the weaknesses to be reported, without implementation effectiveness testing, with no direct management certification, and with no external audit of such disclosures. Though the cost of such SOX North disclosures are lower than in t...
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作者：Francis, Jere R.; Khurana, Inder K.; Martin, Xiumin; Pereira, Raynolde
作者单位：University of Missouri System; University of Missouri Columbia; Washington University (WUSTL)
摘要：A debate exists in the literature over the role of country-level institutions in shaping governance structures, and whether a firm's governance choices are voluntary and the result of firm-specific incentives, or if they are largely the consequences of broader institutional forces in a country. Specifically, do we observe good governance mainly in those countries with strong investor protection and well-developed financial markets, or can firms make voluntary improvements to their governance t...
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作者：Kuang, Xi (Jason); Moser, Donald V.
作者单位：University System of Georgia; Georgia Institute of Technology; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：We experimentally examine the effects of wage negotiation on employee effort and firm profit under an output-based contract versus a fixed-wage contract. With no information asymmetry in our setting, agency theory predicts that negotiation will have no benefit or cost for the firm under either contract. However, the participative management literature presumes that engaging employees in wage determination will increase their satisfaction and thus their effort and firm profit. Drawing on the re...
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作者：Hsu, Sylvia Hsingwen
作者单位：York University - Canada
摘要：Prior research on whether to include allocated capacity cost in pricing is still inconclusive, because economic theory considers this cost to be sunk cost and accounting research suggests that it can proxy for the opportunity cost of capacity usage. This study examines how expected capacity utilization and demand variability affect the association between allocated capacity costs and prices. Empirical analysis of 7,746 service observations from private hospitals in California indicates that hi...
