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作者：Lennox, Clive; Pittman, Jeffrey A.
作者单位：Nanyang Technological University; Memorial University Newfoundland
摘要：We examine the association between Big Five audits and the incidence of accounting frauds allegedly committed by U. S. public companies between 1981 and 2001. Many commentators argue that the prominent financial reporting failures that led to major corporate governance reforms cast serious doubt on whether the large public accounting firms continue to supply relatively high-quality audits, especially in recent years. However, in unmatched and matched samples, we provide strong, robust evidence...
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作者：Tan, Hun-Tong; Libby, Robert; Hunton, James E.
作者单位：Nanyang Technological University; Cornell University; Bentley University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Prior research indicates that analysts do not fully adjust for the general downward bias in earnings guidance issued by management. We report the results of two experiments designed to investigate how guidance track record and analysts' incentives jointly explain the extent to which analysts adjust for guidance bias. Our results suggest that analysts with accuracy incentives adjust for management's track record of downwardly biased guidance when the bias is relatively small ( one cent), but th...
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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：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...
