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作者：Tegeler, Amy C.; Brown, Veena L.; Downey, Denise Hanes
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; Villanova University
摘要：Guided by the performance feedback literature, we study PCAOB inspections as a nonstandard feedback event. We use an experiential questionnaire to collect and analyze perceptions, reactions, and responses to inspection feedback from 120 partners and managers subject to a recent PCAOB inspection. Despite varying perceptions, we find on average auditors perceive strong firm support but also that firms acquiesce to inspectors. Generally, the feedback source, inspectors, are perceived as professio...
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作者：Basu, Sudipta; Kaviani, Mahsa S.; Maleki, Hosein
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Delaware; Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick
摘要：We study how nonfinancial firms' operating risks change after bank competition increases. By exploiting the 1990s staggered regulatory reforms across U.S. states that allowed interstate banking and branching, we show that out-of-state bank entry was associated with lower borrower risk-taking on average. Large, profitable, safe, and geographically diversified firms signed up as new clients of large entrant banks, which offered larger and cheaper loans that reflected their higher efficiency and ...
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作者：Hope, Ole-Kristian; Lu, Haihao (Ross); Peng, Songlan (Stella)
作者单位：University of Toronto; BI Norwegian Business School; University of Waterloo; York University - Canada
摘要：In 2014, the PCAOB adopted a new auditing standard, AS 18 Related Parties, with the intention of enhancing auditors' performance in auditing related-party transactions (RPTs). Using hand-collected data, we find significant reductions in both firms' restatement risk and their engagement in RPTs following the AS 18 adoption. Such reductions are especially pronounced for smaller firms and firms having RPTs with principals, in which related persons in the counterparty of RPTs are the primary benef...
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作者：Geerts, Guido L.; O'Leary, Daniel E.
作者单位：University of Delaware; University of Southern California
摘要：Organizational structure information is deeply embedded in the different functional activities of accounting. This paper presents ORSO (ORganizational Structure Ontology), an ontology for describing organizational structures that can be reasoned with as part of accounting applications, developed following the principles and guidelines of design science research. ORSO allows the representation of key organizational constructs to meet internal and external accounting needs, including financial r...
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作者：Chen, Jing; Dou, Yiwei; Ryan, Stephen G.; Zou, Youli
作者单位：Stevens Institute of Technology; New York University; University of Connecticut
摘要：In the wake of the financial crisis, policymakers expressed the concern that the incurred loss model delays loan loss recognition to economic stress periods and thereby exacerbates banks' lending contraction during these periods. Addressing this concern, the FASB issued Accounting Standards Update 2016-13, which requires large public banks to accrue for loan losses using the current expected credit loss (CECL) approach starting in January 2020. We hypothesize and find that banks that adopted C...
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作者：Chircop, Justin; Tarsalewska, Monika; Trzeciakiewicz, Agnieszka
作者单位：Lancaster University; University of Exeter; University of York - UK
摘要：We examine the relation between CEO risk taking equity incentives, as captured by CEO vega, and workplace misconduct. Workplace misconduct includes health and safety violations, non-compliance with labor laws, and other violations broadly related to labor exploitation, and it results in significant economic costs. Using regression analysis, matched sample tests, and a quasi-natural experiment, we find a positive relation between CEO vega and workplace misconduct. We identify a reduction in dis...
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作者：Noh, Suzie; So, Eric C.; Zhu, Christina
作者单位：Stanford University; Massachusetts Institute of Technology (MIT); University of Pennsylvania
摘要：We show that financial reporting influences consumer behavior by drawing consumer attention to announcing firms. Analyzing global positioning system (GPS) data, we document upticks in foot traffic to firms' commercial locations immediately following their earnings announcements. This increase is more pronounced for announcements with substantial media attention, fewer concurrent announcements, heightened internet search volume, and extreme stock price jumps and earnings surprises-indicating th...
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作者：Abbott, Lawrence J.; Boland, Colleen M.; Mccarthy, Sean M.; Swenson, Laura A.
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee
摘要：The Big 4 auditors are inspected annually by the Public Company Accounting Oversight Board (PCAOB), with the summarized findings (labeled audit deficiencies) being publicly available on its website. Although the PCAOB claims that its inspection findings and process are designed to increase audit quality, there is limited empirical evidence to support this claim. We examine whether changes in revenue-deficient audit engagements are associated with subsequent year changes in client revenue quali...
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作者：Bentley, Jeremiah W.; Bloomfield, Matthew J.; Bloomfield, Robert J.; Lambert, Tamara A.
作者单位：University of Massachusetts System; University of Massachusetts Amherst; University of Pennsylvania; Cornell University; Lehigh University
摘要：Agents often inflate measured performance by distorting operating decisions (e.g., real earnings management) and/or reporting decisions (e.g., accruals management). Across four studies, we find that public judgments of distortion's acceptability largely reflect assessments of how harmful and norm-violating the distortion is. Judgments of operating distortion primarily reflect assessments of harm, whereas judgments of reporting distortion primarily reflect assessments of norm violation. These r...
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作者：Chang, Yen-Cheng; Tseng, Kevin; Yu, Tzu-Wen
