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作者：Dyreng, Scott D.; Hoopes, Jeffrey L.; Wilde, Jaron H.
作者单位：Duke University; University System of Ohio; Ohio State University; University of Iowa
摘要：We use a shock to the public scrutiny of firm subsidiary locations to investigate whether that scrutiny leads to changes in firms' disclosure and corporate tax avoidance behavior. ActionAid International, a nonprofit activist group, levied public pressure on noncompliant U.K. firms in the FTSE 100 to comply with a rule requiring U.K. firms to disclose the location of all of their subsidiaries. We use this setting to examine whether the public pressure led scrutinized firms to increase their su...
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作者：Abbott, Lawrence J.; Daugherty, Brian; Parker, Susan; Peters, Gary F.
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; Santa Clara University; University of Arkansas System; University of Arkansas Fayetteville
摘要：In light of the growing importance of internal audit functions (IAF) and the limited archival evidence on internal audit quality, we examine an interactive model of IAF quality (comprised of competence and independence) to better understand the determinants of IAF effectiveness as a financial reporting monitor. Our tests support the hypothesis that the joint presence of competence and independence is a necessary antecedent to effective IAF financial reporting monitoring. In sum, our results sh...
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作者：Chen, Yasheng; Jermias, Johnny; Panggabean, Tota
作者单位：Xiamen University; Simon Fraser University; James Cook University; California State University System; California State University Sacramento
摘要：This paper investigates the role of visual attention in managerial judgments during balanced-scorecard performance evaluations. Using the Locarna eye tracker to establish the amount of time managers spent focused on visual cues, we found that managers who look more at strategically linked performance measures are more likely to make decisions consistent with the achievement of their subordinates' strategic objectives. When aware of strategy, managers focused more on strategically linked perfor...
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作者：Bushman, Robert M.; Lerman, Alina; Zhang, X. Frank
作者单位：University of North Carolina; University of North Carolina Chapel Hill; Yale University
摘要：A fundamental property of accrual accounting is to smooth temporary timing fluctuations in operating cash flows, indicating an inherent negative correlation between accruals and cash flows. We show that the overall correlation between accruals and cash flows has dramatically declined in magnitude over the past half century and has largely disappeared in more recent years. The adjusted R-2 from regressing (changes in) accruals on (changes in) cash flows drops from about 70% (90%) in the 1960s t...
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作者：Silvers, Roger
作者单位：Utah System of Higher Education; University of Utah
摘要：This study shows that the Securities and Exchange Commission's (SEC) enforcement intensity toward the foreign firms under its jurisdiction has increased dramatically over the past two decades. Because enforcement events signify an increased threat of future enforcement, I examine the stock returns of foreign firms not targeted by the SEC during windows around enforcement actions that target foreign firms. This design captures the net effects of public enforcement and helps to rule out omitted ...
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作者：Xie, Biqin
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：This study investigates whether fair value accounting contributes to the procyclicality of bank lending. Using banks' approval/denial decisions on residential mortgage applications to capture banks' supply of credit, I find no evidence that fair value accounting has procyclical effects on bank lending over the past two business cycles. I further identify two reasons for this result. First, the main accounting item distinguishing fair value accounting from historical cost accountingunrealized g...
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作者：Chen, Feng; Peng, Songlan; Xue, Shuang; Yang, Zhifeng; Ye, Feiteng
作者单位：University of Toronto; University of Missouri System; University of Missouri Columbia; York University - Canada; Shanghai University of Finance & Economics; City University of Hong Kong; Shanghai Lixin University of Accounting & Finance
摘要：This study investigates whether companies engage in audit opinion shopping activities by exerting influence over an audit firm's decision to switch the engagement partner (partner-level opinion shopping) in the Chinese setting, where the identities of engagement partners are publicly disclosed. Adopting the empirical framework developed by Lennox [2000], we show evidence that companies successfully engage in partner-level opinion shopping. Further, partner-level opinion shopping is more likely...
