3期

最新文章

• Discussion of The impact of product market competition on the quantity and quality of voluntary disclosures AI翻译
  作者：Karuna, Christo
  作者单位：University of Houston System; University of Houston
  摘要：Li (2010, this issue) examines how product market competition affects voluntary disclosure by firms. Using several competition proxies, she finds that both the competitive threat from potential entrants into an industry and from existing rivals affect the quantity and accuracy of voluntary profit and investment forecasts by firms in that industry. However, the study's findings are inconclusive mainly because each competition proxy used can reflect both types of competitive threat. The focus of...
• Decentralized capacity management and internal pricing AI翻译
  作者：Dutta, Sunil; Reichelstein, Stefan
  作者单位：University of California System; University of California Berkeley; Stanford University
  摘要：This paper studies the acquisition and subsequent utilization of production capacity in a multidivisional firm. In a setting where an upstream division provides capacity services for itself and a downstream division, our analysis explores whether the divisions should be structured as investment or profit centers. The choice of responsibility centers is naturally linked to the internal pricing rules for capacity services. As a benchmark, we establish the efficiency of an arrangement in which th...
• Signaling firm value to active investors AI翻译
  作者：Baldenius, Tim; Meng, Xiaojing
  作者单位：Columbia University
  摘要：Active investors provide risk-sharing and value-adding effort in form of advising, networking, monitoring, etc. This paper demonstrates a conflict between two key objectives for high-quality entrepreneurs: to elicit such investor effort and to signal the firm's type by retaining shares. This conflict may give rise to stable (and economically meaningful) pooling equilibria for startup firms. More established firms, with access to multiple signals, can always realize both of these objectives but...
• Contagion of accounting methods: evidence from stock option expensing AI翻译
  作者：Reppenhagen, David A.
  作者单位：State University System of Florida; University of Florida
  摘要：I examine how a firm's accounting methods can be influenced by the choices of other firms, which I label contagion. I model accounting method choice as a combination of intrinsic propensities to adopt a method and contagion effects. I predict contagion of accounting methods occurs for two reasons: (1) adoption decisions of other firms are informative for the adoption decision, and (2) prior adoptions change the net benefits of the decision. I test these predictions in the stock option expensin...
• Discussion of: Flattening the organization: the effect of organizational reporting structure on budgeting effectiveness AI翻译
  作者：Young, Richard A.
  作者单位：University System of Ohio; Ohio State University
  摘要：This paper is a discussion of Hannan et al. (Rev Account Stud, 2010), wherein subordinate-participants are endowed with private information, and superior-participants can potentially affect budget requests through their ability to reject them. Their findings are of interest to research on both the design of budgeting systems and span of control. I discuss the relevance of HRT to these literatures and comment on their implementation and experimental design. Also, I offer suggestions for future ...