4期

最新文章

• The Influence of Institutional Constraints on Outsourcing AI翻译
  作者：Balakrishnan, Ramji; Eldenburg, Leslie; Krishnan, Ranjani; Soderstrom, Naomi
  作者单位：University of Iowa; University of Arizona; Michigan State University; University of Colorado System; University of Colorado Boulder
  摘要：Drawing on transaction cost economics and institutional theory we argue that the effects of institutional constraints on the transaction costs of outsourcing vary systematically with the type of service outsourced and the ownership structure of the outsourcing firm. Using data from hospitals, we demonstrate that these effects lead to a higher extent of outsourcing of nonclinical compared to clinical services, and larger outsourcing response of nonclinical services to cost pressures from manage...
• Increased Disclosure Requirements and Corporate Governance Decisions: Evidence from Chief Financial Officers in the Pre- and Post-Sarbanes-Oxley Periods AI翻译
  作者：Wang, Xue
  作者单位：Emory University
  摘要：I study how increased internal control disclosure requirements mandated by the Sarbanes-Oxley Act (SOX) affect annual corporate governance decisions regarding CFOs. Using non-CEO, non-COO executive officers as a control group, I find that CFOs of firms with weak internal controls receive lower compensation and experience higher forced turnover rates after the passage of SOX. In contrast, CFOs of firms with strong internal controls receive higher compensation and do not experience significant c...
• Earnings Trend and Performance Relative to Benchmarks: How Consistency Influences Their Joint Use AI翻译
  作者：Koonce, Lisa; Lipe, Marlys Gascho
  作者单位：University of Oklahoma System; University of Oklahoma - Norman
  摘要：Archival research shows that the market reacts to earnings trend as well as to earnings performance relative to analysts' forecasts (i.e., benchmark performance). We conduct four experiments to investigate how and why investors react to these two measures when both are available over multiple time periods. Our results show that investors rely on an earnings measure only when it is consistent over time. When both measures are consistent over time, investors use them in an additive fashion, sugg...
• The Regulation of Public Company Auditing: Evidence from the Transition to AS5 AI翻译
  作者：Doogar, Rajib; Sivadasan, Padmakumar; Solomon, Ira
  作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
  摘要：The replacement of Auditing Standard No. 2 (AS2) by Auditing Standard No. 5 (AS5) creates a natural experiment that sheds light on (1) potential inefficiencies caused by regulatory responses to a political crisis and (2) audit efficiency and effectiveness improvements resulting from the risk-based approach embodied in AS5. We study these effects by examining the impact of AS5 on audit fees. We find that AS5 audit fees are aligned with auditee fraud risk, but not AS2 audit fees. Second, relativ...