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作者：Chen, Hui; Yang, Li
作者单位：University of Zurich; Columbia University
摘要：We examine the evolution of accounting regulation by linking disclosure policies and investments in a dynamic voting model. The disclosure policies are the outcome of voting by entrepreneurs, whose preferences are influenced by their investments. The investments are in turn endogenously determined by current and future disclosure policies. Absent external influences, accounting regimes are stable. A disclosure regime of high (low) quality and a strong (weak) economy coexist and reinforce each ...
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作者：Baek, In Gyun
作者单位：National University of Singapore
摘要：I examine whether telecommuting, a work arrangement in which employees do not travel to a workplace, affects the acquisition of new information in an environment where thorough search and acquisition of information are essential. On the one hand, telecommuting may impede information acquisition due to reduced communication with colleagues. On the other hand, telecommuting may facilitate information acquisition due to relaxed time pressure (via not having to commute) and increased attentional r...
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作者：Murthy, Uday S.; Park, Jong Chool; Smith, Thomas; Whitworth, James
作者单位：State University System of Florida; University of South Florida
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作者：Anderson, Spencer B.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Illinois System; University of Illinois Urbana-Champaign
摘要：I use standard setters' description of comparability to conceptualize two forms of incomparability in financial reporting. Using a laboratory experiment, I construct states of both comparability , incomparability and investigate investors' capital allocation decisions under each. Benchmarking against states of comparable reporting, I find that incomparable reporting making different economics look alike results in lower-quality investment decisions, relative to incomparable reporting making si...
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作者：Li, Zhe; Ye, Kangtao; Zeng, Cheng (Colin); Zhang, Bo
作者单位：Central University of Finance & Economics; Renmin University of China; Hong Kong Polytechnic University
摘要：There is an ongoing debate over uniformity versus flexibility in accounting regulation. This study examines the financial reporting consequences of a rigid accounting rule in China under which the fiscal year-end is uniform for all companies. Using extensive interviews together with large-sample archival analyses, we find that mismatched firms-those whose mandated financial reporting cycles are not aligned with their business cycles- exhibit higher levels of absolute abnormal accruals than the...
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作者：Cai, Wei
作者单位：Columbia University
摘要：Many organizations rely on formal management control systems that align employee values with organizational values (i.e., culture fit) to shape organizational culture. Using proprietary data from a highly decentralized organization, I examine employee-performance consequences of adopting a formal culture-fit measurement system in employee selection. I exploit the staggered feature of the adoption of the system and find that employees selected with the system perform significantly better than t...
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作者：Liao, Li; Martin, Xiumin; Wang, Ni; Wang, Zhengwei; Yang, Jun
作者单位：Tsinghua University; Washington University (WUSTL); Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：Using two natural field experiments, we examine how warning individual retail borrowers that their loan performance will be reported to a public credit registry before and after the loan take-up affects their borrowing behavior. We show that credit warnings reduce default rates by 3.7 to 7 percentage points and increase loan take-up rates by 4.1 percentage points, which suggests that credit warnings benefit both lenders and borrowers. The main drivers appear to be borrowers' anticipation of a ...
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作者：Truong, Phong
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：I study whether there are peer effects in disclosure timing decisions. Using plausibly exogenous variation in the timing of peers' earnings announcements based on a threshold in Securities and Exchange Commission (SEC) reporting deadline rules, I find that a focal firm responds to a peer's early announcement by announcing its own earnings early. Consistent with attention competition, early-announcing peers attract market attention away from the focal firm, incentivizing it to also accelerate i...
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作者：Arnold, Markus C.; Shi, Bei; Tafkov, Ivo D.; Voermans, Elien
作者单位：University of Bern; University of Amsterdam; University System of Georgia; Georgia State University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Employees' skill development is key to organizations' competitiveness in a global, knowledge-based economy. Prior research in accounting, however, has mainly focused on motivating the provision of transitory effort. This study investigates how relative performance information (RPI) as a management control influences employees' willingness to engage in skill development and whether the effect of RPI depends on whether employees face a tradeoff between training and current work performance. We p...
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作者：Lamoreaux, Phillip T.; Mowchan, Michael; Zhang, Wei
作者单位：Arizona State University; Arizona State University-Downtown Phoenix; Baylor University; University of Massachusetts System; University of Massachusetts Amherst
摘要：Regulatory economics suggests that one benefit of public enforcement is the deterrence of improper conduct. Using a difference-in-differences (DiD) design, we investigate whether a deterrence effect follows the revelation of Public Company Accounting Oversight Board (PCAOB) enforcement. We find that large audit firm offices improve audit quality following enforcement naming another office within their firm while small firm offices improve following enforcement of local small firm competitors, ...
