5期

最新文章

• Real Earnings Management in Sales AI翻译
  作者：Ahearne, Michael J.; Boichuk, Jeffrey P.; Chapman, Craig J.; Steenburgh, Thomas J.
  作者单位：University of Houston System; University of Houston; University of Virginia; Northwestern University; University of Virginia
  摘要：We surveyed 1,638 sales executives across 40 countries regarding their companies' likelihood of asking sales to perform real earnings management (REM) actions when earnings pressure exists. Using this information, which we refer to as companies' REM propensities, we study how company characteristics and environmental conditions relate to the responses received. The use of cash-flow incentives for sales personnel and the distribution of interfunctional power in favor of finance rather than sale...
• Biases in Accounting and Nonaccounting Information: Substitutes or Complements? AI翻译
  作者：Jiang, Xu
  作者单位：Duke University
  摘要：This paper studies how bias in nonaccounting and in accounting information should be related. Bias in accounting information is modeled, as in some recent literature, as an alteration in the relative information content of accounting numbers. The optimal bias in one type of information is shown to be a complement of the bias in the other type. This result can be applied in various settings to explain a number of phenomena.
• How Do Experienced Users Evaluate Hybrid Financial Instruments? AI翻译
  作者：Clor-Proell, Shana; Koonce, Lisa; White, Brian
  作者单位：Texas Christian University; University of Texas System; University of Texas Austin
  摘要：Hybrid financial instruments contain features of both liabilities and equity. Standard setters continue to struggle with getting the classification right for these complex instruments. In this paper, we experimentally test whether the features of hybrid instruments affect the credit-related judgments of experienced finance professionals, even when the hybrid instruments are already classified as liabilities or equity. Our results suggest that getting the classification right is not of primary ...
• If You Want My Advice: Status Motives and Audit Consultations About Accounting Estimates AI翻译
  作者：Knechel, W. Robert; Leiby, Justin
  作者单位：State University System of Florida; University of Florida; University System of Georgia; University of Georgia
  摘要：Effective consultation is critical for improving the audit of estimates. In an experiment where audit managers acted as consultants to other auditors, we examine conditions in which consultants either recommend estimates that differ substantially from advice-seekers' assessments (contrariness) or recommend narrower reasonable ranges of estimates (precision). Psychology theory argues that both of these attributes can improve estimates. We examine whether these attributes depend on consultants' ...
• Voluntary Disclosure with Informed Trading in the IPO Market AI翻译
  作者：Kumar, Praveen; Langberg, Nisan; Sivaramakrishnan, K.
  作者单位：University of Houston System; University of Houston; University of Houston System; University of Houston; Tel Aviv University; Rice University
  摘要：We examine voluntary disclosure and capital investment by an informed manager in an initial public offering (IPO) in the presence of informed and uninformed investors. We find that in equilibrium, disclosure is more forthcomingand investment efficiency is lowerwhen a greater fraction of the investment community is already informed. Moreover, managers disclose more information when the likelihood of an information event is higher, more equity is issued, or the cost of information acquisition is...