2期

最新文章

• Discussion of On the Stewardship and Valuation Implications of Accrual Accounting Systems AI翻译
  作者：Guttman, Ilan
  作者单位：Stanford University
• What Do Management Earnings Forecasts Convey About the Macroeconomy? AI翻译
  作者：Bonsall, Samuel B.; Bozanic, Zahn; Fischer, Paul E.
  作者单位：University System of Ohio; Ohio State University; University of Pennsylvania
  摘要：We decompose quantitative management earnings forecasts into macroeconomic and firm-specific components to determine the extent to which voluntary disclosure provided by management has macroeconomic information content. We provide evidence that the forecasts of bellwether firms, which are defined as firms in which macroeconomic news explains the greatest amount of variation in the forecasts, provide timely information to the market about the macroeconomy when bundled with earnings announcement...
• A Measure of Competition Based on 10-K Filings AI翻译
  作者：Li, Feng; Lundholm, Russell; Minnis, Michael
  作者单位：University of Michigan System; University of Michigan; University of British Columbia; University of Chicago
  摘要：In this paper we develop a measure of competition based on management's disclosures in their 10-K filing and find that firms' rates of diminishing marginal returns on new and existing investment vary significantly with our measure. We show that these firm-level disclosures are related to existing industry-level measures of disclosure (e. g., Herfindahl index), but capture something distinctly new. In particular, we show that the measure has both across-industry variation and within-industry va...
• Empirical Evidence on the Implicit Determinants of Compensation in Big 4 Audit Partnerships AI翻译
  作者：Knechel, W. Robert; Niemi, Lasse; Zerni, Mikko
  作者单位：State University System of Florida; University of Florida; Aalto University; University of Vaasa
  摘要：This study investigates the implicit financial incentives of individual Big 4 audit partners by examining the association between a partner's compensation and characteristics of the audit firm, audit partner, and individual partner clientele for Big 4 firms in Sweden. Using tax and financial data for individual audit partners and clients, our empirical findings indicate that there is significant variation in the implicit determinants that are associated with compensation across the Big 4. We f...
• Discussion of What Do Management Earnings Forecasts Convey About the Macroeconomy? AI翻译
  作者：Ogneva, Maria
  作者单位：University of Southern California
• On the Stewardship and Valuation Implications of Accrual Accounting Systems AI翻译
  作者：Drymiotes, George; Hemmer, Thomas
  作者单位：University of Cyprus; Rice University
  摘要：In this paper we explore the role of accruals in determining earnings quality from both a stewardship and a valuation perspective. We show that the valuation and stewardship qualities of accrual accounting are maximized by either an aggressive or a conservative accrual strategy. Furthermore, accrual strategy choices can be delegated to management as it does not benefit by implementing a strategy that is not in the best interests of the shareholders. We also investigate the implications of accr...