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作者：Ayers, Benjamin C.; Laplante, Stacie Kelley; Mcguire, Sean T.
作者单位：University System of Georgia; University of Georgia; Texas A&M University System; Texas A&M University College Station
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作者：Riedl, Edward J.
作者单位：Harvard University
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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：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：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...
