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作者：Chen, Wei; Hribar, Paul; Melessa, Sam
作者单位：University of Connecticut; University of Iowa; University of Nebraska System; University of Nebraska Lincoln
摘要：We analyze the standard error bias associated with the use of generated regressors-independent variables generated from first-step regressions-in accounting research settings. Under general conditions, generated regressors do not affect the consistency of coefficient estimates. However, commonly used generated regressors can cause standard errors to be understated. Problematic generated regressors include predicted values, coefficient estimates, and measures derived from these estimates. Widel...
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作者：Dyck, Alexander; Lins, Karl, V; Roth, Lukas; Towner, Mitch; Wagner, Hannes F.
作者单位：University of Toronto; Utah System of Higher Education; University of Utah; University of Alberta; University of Arizona; Bocconi University
摘要：We conjecture that board renewal mechanisms-those substantive enough to renew the thinking of the board-are required before investors can address the mismatch between their preferences regarding environmental sustainability and what insiders at firms are actually doing. We identify the adoption of majority voting for directors and the introduction of a female director as two corporate governance mechanisms potentially strong enough to renew a board's thinking on sustainability. Using a sample ...
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作者：Dehaan, Ed; Li, Nan; Zhou, Frank S.
作者单位：University of Washington; University of Washington Seattle; University of Toronto; University of Pennsylvania
摘要：We investigate the effects of financial reporting on current employee job search, that is, whether firms' public financial reports cause their employees to reevaluate their jobs and consider leaving. We develop theory for why current employees use earnings announcements (EAs) to inform job search decisions, and empirically investigate job search based on employees' activity on a popular job market website. We find that job search by current employees increases significantly during EA weeks, es...
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作者：Knechel, W. Robert; Williams, Devin
作者单位：State University System of Florida; University of Florida; University of Auckland; University of Oklahoma System; University of Oklahoma - Norman
摘要：Prior research on auditor industry specialization documents fee premiums for local audit offices that are industry specialists. This research assumes that the effects of specialization are uniform across markets. We examine industry specialization based on the economic theory of industry agglomeration (geographic areas with high industry concentration). Agglomeration economies can facilitate access to knowledge for auditors serving a specific industry in those locations. We find that industry ...
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作者：Jiang, Xu; Xin, Baohua; Xiong, Yan
作者单位：Duke University; University of Toronto; Hong Kong University of Science & Technology
摘要：We study the real effects of certification to demonstrate the value of mandatory certification over and above mandatory disclosure in enhancing investment efficiency. In our model, a firm's manager selects a project to maximize the firm's short-term stock price, which is a function of her certification and disclosure decisions about the outcome of the project. Although the manager might be either forthcoming or strategic with regard to the disclosure of her private information, she can strateg...
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作者：Deller, Carolyn
作者单位：University of Pennsylvania
摘要：Firms are increasingly implementing performance-potential assessment systems, whereby supervisors evaluate employees' current performance and future-oriented potential (i.e., promotion prospects). Whether retention is greatest for high performance-high potential (HiPo) employees under such a system is an empirical question-while the promise of a promotion may aid retention, these employees likely face attractive outside options. Using data from a multinational firm, I find that HiPos generally...
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作者：Bol, Jasmijn; Laviers, Lisa; Sandvik, Jason
作者单位：Tulane University; University of Arizona
摘要：Running a contest can help managers elicit creative ideas from employees by providing employees with incentives to develop and share ideas that will help the firm. Little is known, however, about how contest design affects the outcomes of subjectively evaluated creativity-based contests. We conduct an experiment to investigate the impact of two contest design choices, the job role of the contest's evaluator, and the number of prizes that participants compete for, on employee participation beha...
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作者：Flam, Rachel W.; Green, Jeremiah; Lee, Joshua A.; Sharp, Nathan Y.
作者单位：University of London; London Business School; Texas A&M University System; Texas A&M University College Station; Brigham Young University
摘要：We investigate ethnic minority and nonminority sell-side analysts' participation in public earnings conference calls. We find that minority analysts are underrepresented in conference call Q & A sessions, and minority analysts who do participate on the calls experience lower levels of prioritization than do nonminority analysts. Minority analysts' lower participation rates are partially but not fully mediated by characteristics such as experience, work environment, and stock rating favorabilit...
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作者：Ferguson, Duke
作者单位：University of Kentucky
摘要：This study examines whether taxpayers intentionally avoid Internal Revenue Service (IRS) third-party reports. In 2017 an IRS amendment created a quasi-exogenous shock that reduced third-party tax reporting of pari-mutuel gambling winnings from certain types of wagers. I consider the effect that this rule change had on taxpayer behavior. Using a difference-in-differences research design comparing thoroughbred racing in the United States to Canada, I find a 27% increase in gambler's investment i...
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作者：Distelhorst, Gregory; Shin, Jee-eun
作者单位：University of Toronto; University of Toronto
摘要：This study examines an initiative by a large multinational garment retailer (H&M Group) to increase wages at its supplier factories by intervening in their wage-related management practices. Difference-in-differences estimates based on eight years of data from over 1,800 factories show that the interventions were associated with an average real wage increase of approximately 5% by the third year of implementation. Our estimates suggest that the intervention-associated wage increase was many ti...
