作者：Dunn, KA; Mayhew, BW
作者单位：University of Wisconsin System; University of Wisconsin Madison; State University System of Florida; Florida Atlantic University
摘要：This paper provides evidence that clients select auditors as part of their overall disclosure strategy. We hypothesize that in addition to higher quality audits, industry-specialist audit firms assist clients in enhancing disclosures. We also posit that the choice of an industry-specialist auditor signals a client's intention to provide enhanced disclosures. However, we predict that industry-specialist audit firms are less important in regulated industries where enhanced disclosures add little...
作者：Gosman, M; Kelly, T; Olsson, P; Warfield, T
作者单位：University of Wisconsin System; University of Wisconsin Madison; Duke University; Vanderbilt University; Vanderbilt University Peabody College
摘要：We examine the profitability and valuation of retail firms identified by suppliers as major customers, using major customer relationships to proxy for unrecorded organizational-capital intangibles. Major customers have higher operating profitability and profitability persistence, with the sources of the higher profitability consistent with purported advantages of supply chain arrangements. The pricing of major customers is consistent with the market recognizing the level and over-time properti...
