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作者：Feller, Miro; Schafer, Ulrich
作者单位：University of Zurich; University of Vienna
摘要：We study a model in which financial reports are used in labor markets to learn about managerial talent. A manager manipulates reports to influence the labor market assessment of his talent. If investors are uncertain about the manager's incentives, manipulation introduces noise into the report and reduces its usefulness for the capital market. We consider price informativeness and expected reporting bias as measures of capital market efficiency and develop novel empirical predictions. We show ...
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作者：Asay, H. Scott; Hoopes, Jeffrey L.; Thornock, Jacob R.; Wilde, Jaron H.
作者单位：University of Iowa; University of North Carolina; University of North Carolina Chapel Hill; Brigham Young University
摘要：To what extent do U.S. consumers change their purchase behavior or, in the extreme, boycott companies based on negative information about corporate tax activities? Practitioner publications and academic research identify consumers as a key corporate tax stakeholder. But we have limited empirical evidence whether information about corporate tax activities influences consumer actions. We undertake a comprehensive study of this question, triangulating across several settings. First, a representat...
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作者：Skinner, A. Nicole
作者单位：University of Colorado System; University of Colorado Boulder
摘要：Despite the increase in and diversity of disclosure channels available, our understanding of how managers incorporate channel features into their disclosure decisions remains incomplete. I provide evidence that managers choose relatively rich channels that offer multiple cues, opportunities for interaction, and linguistic diversity (i.e., the earnings call, as compared to the press release) to communicate complex information. The positive relation between disclosure channel richness and subjec...
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作者：Merkoulova, Yulia; Paisey, Catriona
作者单位：Monash University; University of Strathclyde
摘要：This paper examines the prevalence and benefits of upward social mobility in the early accountancy profession by analyzing the lifespan of chartered accountants admitted to membership in Scotland between 1853 and 1940. We find that 76 percent of the chartered accountants in our sample experienced upward social mobility, a greater percentage than found in previous studies. The chartered accountants in our sample experienced an average life expectancy premium of approximately three years over th...
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作者：[Anonymous]
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作者：Bonsall, Samuel B.; Holzman, Eric R.; Miller, Brian P.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：We examine a comprehensive set of investigations by the SEC's Division of Enforcement offices to provide evidence on the consequences of these office's busyness on the formal investigation process. We find that higher office case backlog decreases the likelihood of an investigation into a restating firm. Our results show no evidence that higher backlogs affect the SEC's ability to pursue cases involving revenue recognition issues and high insider trading, which is consistent with the agency's ...
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作者：Gross, Christian; Wagenhofer, Alfred; Windisch, David
作者单位：University of Graz; University of Amsterdam; University of Graz
摘要：We examine whether the design of a firm's internal management accounting system is associated with GAAP earnings management. We exploit the fact that ASC 280 mandates a management approach requiring multisegment firms to disclose their segment earnings as defined internally by their management accounting system. We posit that the less these segment earnings are decoupled from GAAP earnings, the higher are the costs of earnings management because earnings management spills over to segment earni...
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作者：Gomez, Enrique A.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：I study the effect of the implementation of the SEC's EDGAR system on information asymmetry among investors. The SEC adopted EDGAR to decrease acquisition costs of mandatory filings. However, disclosure theory suggests that, even when acquisition costs are low, integration costs (i.e., costs necessary to filter and interpret information signals) may be so high that less sophisticated investors are disadvantaged, relative to their sophisticated peers. Consistent with this theory, I find evidenc...
