4期

最新文章

• Are securitizations in substance sales or secured borrowings? Capital-market evidence AI翻译
  作者：Niu, Flora F.; Richardson, Gordon D.
  作者单位：Wilfrid Laurier University; University of Toronto
  摘要：Two standard-setting approaches have emerged globally to guide the choice of accounting for securitizations: the control and components approach (SFAS No. 125 and SFAS No. 140) and the risks and rewards transfer approach (IAS No. 39). A lack of consensus about derecognition accounting is a major impediment to achieving convergence in global standards that must be resolved. Thus, both SFAS No. 140 and IAS No. 39 will be reexamined, and evidence pertinent to the debate is timely and important. I...
• Do investors care about the auditor's economic dependence on the client? AI翻译
  作者：Khurana, Inder K.; Raman, K. K.
  作者单位：University of Missouri System; University of Missouri Columbia; University of North Texas System; University of North Texas Denton
  摘要：In this study, we investigate whether investor perceptions of the financial reporting credibility of Big 5 audits are related to the auditor's economic dependence on the client as measured by nonaudit as well as total (audit and nonaudit) fees paid to the incumbent auditor. We use the client-specific ex ante cost of equity capital as a proxy for investor perceptions of financial reporting credibility and examine auditor fees both as a proportion of the revenues of the audit firm and as a propo...
• Employee stock option fair-value estimates: Do managerial discretion and incentives explain accuracy? AI翻译
  作者：Hodder, Leslie; Mayew, William J.; McAnally, Mary Lea; Weaver, Connie D.
  作者单位：Indiana University System; Indiana University Bloomington; Duke University; Texas A&M University System; Texas A&M University College Station
  摘要：We examine the determinants of managers' use of discretion over employee stock option (ESO) valuation-model inputs that determine ESO fair values. We also explore the consequences of such discretion. Firms exercise considerable discretion over all model inputs, and this discretion results in material differences in ESO fair-value estimates. Contrary to conventional wisdom, we find that a large proportion of firms exercise value-increasing discretion. Importantly, we find that using discretion ...
• The effect of information systems on honesty in managerial reporting: A behavioral perspective AI翻译
  作者：Hannan, R. Lynn; Rankin, Frederick W.; Towry, Kristy L.
  作者单位：University System of Georgia; Georgia State University; Colorado State University System; Colorado State University Fort Collins; Emory University
  摘要：This study examines the behavioral impact of an information system, and how that impact varies with the information system's precision, in an internal reporting environment. We propose that a manager's reporting decisions are affected by his or her trade-off of the benefits of appearing honest against the benefits of misrepresentation. The information system affects the manager's trade-off by improving the owner's ability to make an inference regarding the manager's level of honesty. Thus, to ...
• The effect of information systems on honesty in managerial reporting: A behavioral perspective AI翻译
  作者：Hannan, R. Lynn; Rankin, Frederick W.; Towry, Kristy L.
  作者单位：University System of Georgia; Georgia State University; Colorado State University System; Colorado State University Fort Collins; Emory University
  摘要：This study examines the behavioral impact of an information system, and how that impact varies with the information system's precision, in an internal reporting environment. We propose that a manager's reporting decisions are affected by his or her trade-off of the benefits of appearing honest against the benefits of misrepresentation. The information system affects the manager's trade-off by improving the owner's ability to make an inference regarding the manager's level of honesty. Thus, to ...