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作者：Roh, Yongoh
作者单位：McGill University
摘要：ASC 842 requires firms to collect and analyze lease contracts for accounting classification, measurement, and recognition purposes. Leveraging the implementation of ASC 842, I examine firms' internal accounting hiring and its impact on the efficiency of lease management. I find that the standard prompts leaseintensive firms to significantly increase their internal accounting hiring, which enhances lease-related financial reporting quality. Moreover, firms that increased accounting hiring achie...
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作者：Armstrong, Christopher S.; Gallimberti, Carlo Maria; Tsui, David
作者单位：Stanford University; Analysis Group Inc.; Boston College; Analysis Group Inc.
摘要：We investigate whether differences in the mix of financial covenants in debt contracts (i.e., covenant heterogeneity) reflect-and provide a way for lenders to elicit, or screen-borrowers' pre-contractual private information about their future risk profile. Consistent with adverse selection theories, we predict and find that borrowers with higher future risk negotiate loans with covenants that are less sensitive to performance, compared to borrowers with lower future risk. We differentiate betw...
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作者：Jiang, Yile (Anson); Nair, Sujay
作者单位：University of Hong Kong; University of Melbourne
摘要：We examine the relationship between competition and reward practices in the public education sector. We hypothesize and find that school principals who face more intense competition make greater use of performancebased financial rewards and apply greater differentiation in its distribution between higher versus lower performing teachers. However, we do not find similar evidence for nonfinancial rewards. Further analyses suggest that financial rewards help attract and retain teachers in the fac...
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作者：Evans III, John H.; Presslee, Adam; Vandenberg, Alex J.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Waterloo; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Firms commonly employ leaderboards within their peer-to-peer recognition programs. We experimentally investigate how ranking basis-variation in the measure firms use to determine leaderboard rankings- affects employees' proactive helping behavior. We find that leaderboards ranking employees based on the number of times peer-to-peer recognition is received decrease proactive helping compared with when no leaderboard is provided. Conversely, leaderboards ranking employees based on the number of ...
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作者：Hann, Rebecca N.; Li, Congcong; Mazur, Laurel; Lee, Hanna
作者单位：University System of Maryland; University of Maryland College Park; Duquesne University; University of Notre Dame
摘要：We examine whether corporate financing activities (CFA) in aggregate convey information about the macroeconomy. Using statement of cash flow information to construct a bottom-up measure of CFA, we find that it has significant predictive power for future economic activity when we exclude a small set of firms whose external financing is largely insulated from macroeconomic conditions. This CFA index has predictive power beyond that of the Gilchrist-Zakrajsek credit spread, aggregate earnings, an...
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作者：Sran, Gurpal S.
作者单位：New York University
摘要：I study disclosure choices in job postings and the following tradeoff: detailed postings inform and attract optimal job applicants (labor market channel) but could simultaneously inform competitors in labor and product markets (proprietary costs channel). First, I provide evidence consistent with a proprietary costs channel. Conditional on a set of labor demand characteristics, private firms and redacting firms write shorter postings (i.e., less contextual specificity), and postings are more o...
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作者：Khavis, Joshua A.; Szerwo, Brandon
作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY
摘要：Although the PCAOB and the Center for Audit Quality have raised concerns about the negative consequences of audit-employee turnover (PCAOB 2015, 2024; CAQ 2019), these consequences remain largely undocumented due to data limitations. We use novel data to measure how audit-employee turnover within individual offices of accounting firms explains the auditor's ability to deliver for their clients and shapes the auditor-client relationship. We document that audit-employee turnover hampers the audi...
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作者：Wu, Fan
作者单位：Chinese University of Hong Kong
摘要：This paper studies whether and how firms' enhanced public disclosures of patent filings can spill over to the managerial labor market. Consistent with these disclosures crowding out the demand for directors and senior managers' (DSMs) private information, I find that their external employment opportunities deteriorate when firms disclose patent information more timely. This effect is more pronounced when the strategic value of the disclosed information is higher and when DSMs face fewer barrie...
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作者：Williams, Devin
作者单位：University of Oklahoma System; University of Oklahoma - Norman
摘要：Regulators and academics have long explored the implications of audit market competition on audit pricing and quality, primarily focusing on large audit firms. Despite a presumption of competition among smaller accounting firms, little evidence exists regarding whether and how competition influences audit pricing and quality among them. Additionally, within this market, prior research typically considers competition only from audit offices already serving public-company clients. This study use...
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作者：Radcliffe, Vaughan; Spence, Crawford; Stein, Mitch
作者单位：Western University (University of Western Ontario); University of London; King's College London
摘要：: The impacts of technological change and automation are now being explored in audit, yet parallel studies of tax practitioners are more limited in scope. It cannot be assumed that the two practice areas will follow similar paths. The present study reports the results of a multimethod qualitative study of tax lawyers and accountants that suggests that tax work is more resistant to technology than auditing. Although automation is enthusiastically embraced in the area of tax compliance, this is ...
