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作者：Desai, Vikram; Roberts, Robin W.; Srivastava, Rajendra
作者单位：Wilfrid Laurier University; State University System of Florida; University of Central Florida; University of Kansas
摘要：The purpose of this paper is to advance research in internal audit (IA) evaluation by developing an IA assessment model that considers interrelationships among specific factors used by external auditors to evaluate the strength of the IA function. The model is based on three factors identified by auditing standards and by prior academic research: Competence, Work Performance, and Objectivity. We develop an analytical expression of the model using the belief function framework in order to overc...
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作者：Radcliffe, Vaughan S.
作者单位：Western University (University of Western Ontario)
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作者：Gunny, Katherine A.
作者单位：University of Colorado System; University of Colorado Boulder
摘要：This paper examines the consequences of real activities manipulation (RM). Using financial statement data, I identify firms that appear to engage in any of the following RM: reducing research and development (R&D) to increase income; reducing selling, general, and administrative (SG&A) expenses to increase income; timing of income recognition from the disposal of long-lived assets and investments; and cutting prices to boost sales in the current period and/or overproducing to decrease cost of ...
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作者：Peek, Erik; Cuijpers, Rick; Buijink, Willem
作者单位：Maastricht University; Tilburg University
摘要：In this study we investigate whether the importance of accounting information in contracting and communication with shareholders and creditors affects earnings timeliness in publicly disclosed general-purpose financial statements. To operationalize the relationship between timeliness demands and the importance of accounting information to shareholders and creditors, we compare the ( asymmetry in) earnings timeliness of public firms with that of private firms. We attribute public versus private...
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作者：Gupta, Mahendra; Pevzner, Mikhail; Seethamraju, Chandra
作者单位：Washington University (WUSTL); George Mason University
摘要：We examine how inventory overproduction among high-fixed-costs firms affects these firms' contemporaneous and future accounting performance and how financial analysts and the stock market incorporate implications of these relations in their reactions. We find that higher-fixed-costs firms engaging in opportunistic overproduction are able to increase their contemporaneous return on assets. Moreover, higher-fixed-costs firms that also experience inventory increases, sales declines, and issue com...
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作者：Kelly, Khim
作者单位：University of Waterloo
摘要：Many firms that use multiple lead measures in their performance measurement systems do not validate the causal model linking these measures to future financial outcomes, and the cause-and-effect relationships in the model are often left to subjective estimates that may be prone to errors. Using an experiment, this study examines how the accuracy of assumptions about the relative importance of lead measures in a causal model affects managerial performance and knowledge, when managers are given ...
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作者：Lasser, Dennis J.; Wang, Xue; Zhang, Yan
作者单位：State University of New York (SUNY) System; Binghamton University, SUNY; Loyola University New Orleans
摘要：This paper examines the effect of the inherent demand implied by short interest by studying how stock price reactions to earnings announcements depend on the level of short interest. We find that, for extreme good and bad news events, the inherent demand increases stock prices around the earnings announcement date, with the effect being stronger for good news relative to bad news. Specifically, the initial market reaction to an extreme positive earnings surprise is larger for firms with high l...
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作者：Rahaman, Abu; Neu, Dean; Everett, Jeff
作者单位：University of Calgary; York University - Canada
摘要：Social-purpose alliances are an increasingly important organizational form used by governments and supranational institutions to address large-scale social problems. Little is known, however, about how these alliances are organized and directed. This study investigates one such alliance, focusing on how accounting practices are being used to arrange, coordinate, and control a geographically dispersed and heterogeneous group of actors involved in the fight against HIV/AIDS in Ghana, Africa. It ...
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作者：Bandyopadhyay, Sati P.; Chen, Changling; Huang, Alan G.; Jha, Ranjini
作者单位：University of Waterloo
摘要：This research reports that an increasing level of accounting conservatism over the 19732005 period is associated with: (1) an increase in the ability of current earnings to predict future cash flows and (2) a decrease in the ability of current earnings to predict future earnings. We also find that usefulness of earnings for explaining stock prices over book values is positively related to reliability but not to relevance. Our results hold for the constant and full samples in both in-sample and...
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作者：Simpson, Ana
作者单位：University of London; London School Economics & Political Science
摘要：In this study I examine how analysts process nonfinancial information and how this is affected by the patterns of firms' non-financial information disclosures. More specifically, I examine the association between analyst earnings forecast errors and the persistence of nonfinancial disclosures, both across information content and over time. The study focuses on firms in the wireless industry for the period 1997-2007. The results show that analysts tend to underreact to the information contained...
