1997

最新文章

• An empirical study of tax audits in China on international transfer pricing AI翻译
  作者：Chan, KH; Chow, L
  作者单位：Hong Kong Polytechnic University; Chinese University of Hong Kong
  摘要：This research studies how Chinese tax authorities implement international transfer pricing legislation. The analysis indicates that tax audits on transfer pricing are confined mainly to medium- and small-sized foreign investments, lower-technology companies and transfer of tangible goods, and tend to focus on certain nationality and forms of foreign investment. Persistent losses, low profitability and lack of local partners in joint venture management most often trigger tax audits. The authori...
• The conservatism principle and the asymmetric timeliness of earnings AI翻译
  作者：Basu, S
  作者单位：City University of New York (CUNY) System; Baruch College (CUNY)
  摘要：I interpret conservatism as resulting in earnings reflecting 'bad news' more quickly than 'good news'. This interpretation implies systematic differences between bad news and good news periods in the timeliness and persistence of earnings. Using firms' stock returns to measure news, the contemporaneous sensitivity of earnings to negative returns is two to six times that of earnings to positive returns. I also predict and find that negative earnings changes are less persistent than positive ear...
• A test of the free cash flow and debt monitoring hypotheses: Evidence from audit pricing AI翻译
  作者：Gul, FA; Tsui, JSL
  作者单位：City University of Hong Kong
  摘要：This study examines the association between free cash flow (FCF) and audit fees. The association is expected given Jensen's argument that managers of low growth/high FCF firms engage in non-value-maximizing activities. These activities increase auditors' assessments of inherent risk and, in turn, audit effort and fees. Jensen also argues debt mitigates the non-value-maximizing activities. Thus, the positive FCF/audit fees association is expected to be weaker for low growth firms with high debt...
• Adopting residual income-based compensation plans: Do you get what you pay for? AI翻译
  作者：Wallace, JS
  作者单位：University of California System; University of California Irvine
  摘要：Managers, consultants, and the financial press assert that compensation plans based on residual income change managers' behavior. This assertion is empirically tested by selecting a sample of firms that began using a residual income performance measure in their compensation plans and comparing their performance to a control sample of firms that continue to use traditional accounting earnings-based incentives. The results generally support the adage 'you get what you measure and reward'. The re...
• Changes in hospital service mix and cost allocations in response to changes in Medicare reimbursement schemes AI翻译
  作者：Eldenburg, L; Kallapur, S
  作者单位：Hong Kong University of Science & Technology
  摘要：After 1983, Medicare paid hospitals for inpatient services at fixed rates, but continued to reimburse outpatient services based on reported cost. Using data from Washington State we find that hospitals responded by increasing outpatient services to Medicare patients compared to non-Medicare patients-the ratio of Medicare outpatient revenues as a percentage of total Medicare revenues increased after 1983 to a significantly greater extent than for non-Medicare patients. We also find that allocat...
• Earnings management to avoid earnings decreases and losses AI翻译
  作者：Burgstahler, D; Dichev, I
  作者单位：University of Washington; University of Washington Seattle; University of Michigan System; University of Michigan
  摘要：This paper provides evidence that firms manage reported earnings to avoid earnings decreases and losses. Specifically, in cross-sectional distributions of earnings changes and earnings, we find unusually low frequencies of small decreases in earnings and small losses and unusually high frequencies of small increases in earnings and small positive income. We find evidence that two components of earnings, cash flow from operations and changes in working capital, are used to achieve increases in ...
• Estimation of benchmark performance standards: An application to public school expenditures AI翻译
  作者：Dopuch, N; Gupta, M
  摘要：The accounting and management literature reflects an increasing interest in relative performance evaluation (RPE) measures, often called 'benchmarking'. In this paper we illustrate how stochastic frontier estimation (SFE) can be used to estimate benchmark performance standards which control for differences in the environments of the benchmarked operating units. Our application of SFE uses cross-sectional data reported by school districts in the state of Missouri for the year 1990-91. The resul...
• Smoothing income in anticipation of future earnings AI翻译
  作者：DeFond, ML; Park, CW
  作者单位：University of Southern California
  摘要：Recent theory argues that concern about job security creates an incentive for managers to smooth earnings in consideration of both current and future relative performance. We find support for this theory. Our evidence suggests that when current earnings are 'poor' and expected future earnings are 'good', managers 'borrow' earnings from the future for use in the current period. Conversely, when current earnings are 'good' and expected future earnings are 'poor' managers 'save' current earnings ...