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最新文章

• Do insiders manipulate earnings when they sell their shares in an initial public offering? AI翻译
  作者：Darrough, M; Rangan, S
  作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Amrita Vishwa Vidyapeetham
  摘要：In this article we examine whether insider share selling in an initial public offering (IPO) influences R&D expenditures. Insiders (managers and venture capitalists) who sell their pre-offering shareholdings might try to increase the IPO offer price (1) by overinvesting in R&D to signal the firm's prospects (the signaling hypothesis) or (2) by underinvesting in R&D to increase current reported earnings (the earnings fixation hypothesis). We find that, for a sample of 243 IPOs from 1986 to 1990...
• The importance of business risk in setting audit fees: Evidence from cases of client misconduct AI翻译
  作者：Lyon, JD; Maher, MW
  作者单位：University of Melbourne; University of California System; University of California Davis
  摘要：Previous research provides evidence that, for the clients of a large audit firm, audit clients with higher perceived business risk bear the expected costs of this risk with higher audit fees. We extend the literature, which focuses on the relation between litigation risk and audit fees, by examining alleged client misconduct that is not illegal but possibly increases business risk. In particular, we examine the relation between audit fees and business risk for audit clients doing business in d...
• Enforced standards versus evolution by general acceptance: A comparative study of e-commerce privacy disclosure and practice in the United States and the United Kingdom AI翻译
  作者：Jamal, K; Maier, M; Sunder, S
  作者单位：University of Alberta; University of Iowa; Yale University
  摘要：We present data on privacy practices in e-commerce under the European Union's formal regulatory regime prevailing in the United Kingdom and compare it with the data from a previous study of U.S. practices that evolved in the absence of government laws or enforcement. The codification by the E.U. law, and the enforcement by the U.K. government, improves neither the disclosure nor the practice of e-commerce privacy relative to the United States. Regulation in the United Kingdom also appears to s...