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作者：He, Xianjie; Kothari, S. P.; Xiao, Tusheng; Zuo, Luo
作者单位：Shanghai University of Finance & Economics; Massachusetts Institute of Technology (MIT); Central University of Finance & Economics; Cornell University
摘要：Using a difference-in-differences approach, we examine the effect of industry-specific knowledge transfer on audit performance after a merger of two Chinese audit firms with different levels of expertise in an industry. For clients in an industry audited by both merging audit firms, those audited by the audit firm less specialized in that industry belong to the treatment group, while all other clients belong to the control group. We find an economically significant improvement in audit quality...
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作者：Schuhmacher, Karl; Towry, Kristy L.; Zureich, Jacob
作者单位：Emory University; Tilburg University
摘要：Leading by example is one of the most powerful methods to encourage individuals to work toward a common objective. Despite the importance of leadership, little is known about how the effectiveness of leading by example depends on institutional features, such as the transparency and design of leaders??? compensation contracts. We conduct two experiments to study this interplay between leadership and contracting in organizations with social missions (i.e., socially driven organizations). We find...
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作者：Hurley, Patrick J.; Gal-Or, Ronen; Knechel, W. Robert; Pesch, Heather L.
作者单位：Northeastern University; Bentley University; State University System of Florida; University of Florida; University of Auckland; Oregon State University
摘要：We use hand-collected data to analyze submission-to-acceptance (STA) times in the top-tier accounting journals relative to other top-tier business journals from 1993 through 2021. We find that, vis-a-vis other business disciplines, STA times at top-tier accounting journals were shorter in the first half of our sample period and significantly longer thereafter. We also observe shorter STA times for articles with authors from more highly ranked institutions; this effect exists only in top-tier a...
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作者：Lee, Gladys; Naiker, Vic; Stewart, Christopher R.
作者单位：University of Melbourne; University of Chicago
摘要：This study examines whether the audit quality of Big 4 audit firms is affected by an audit office's proximity to more target universities for appointing staff auditors. We identify these target universities using a recruitment map of a Big 4 audit firm and unique office-level hiring data hand-collected from LinkedIn. Our findings suggest that audit offices closer to more of their key feeder schools and universities with accredited business schools are associated with higher audit quality, as o...
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作者：Livdan, Dmitry; Nezlobin, Alexander
作者单位：University of California System; University of California Berkeley; University of London; London School Economics & Political Science
摘要：Existing dynamic investment models that show that a manager can be incentivized to implement the optimal investment policy rely on the assumption that the firm is operating in an ever-expanding product market. This paper presents an analytically tractable, discrete-time, neoclassical model with irreversible investment and the possibility of unfavorable demand events. We show that even when the principal is uninformed about changes in demand for the firm's output, there exists a performance mea...
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作者：Douthit, Jeremy D.; Martin, Patrick R.; McAllister, Michelle
作者单位：University of Arizona; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Northern Arizona University
摘要：We examine the effect of a charitable contribution matching (CCM) program on employee effort. In CCM programs, employers commit to match employees' donations to charity. We expect CCM to activate a norm of other-regarding behavior, inducing employees to increase effort to benefit their employer. Experimental results robustly support our expectation. We find that CCM increases effort under both fixed-wage and performance-based incentive contracts. Further, our results suggest that CCM is more e...
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作者：Anderson, Shannon W.; Cheng, Mandy M.; Phua, Yee Shih
作者单位：University of California System; University of California Davis; University of New South Wales Sydney
摘要：We investigate whether prior collaboration experience affects a focal partner's response to the precision of monitoring controls adopted by a new partner, with consequences for their goodwill trust in, and subsequent cooperation with, the new partner. We expect the partner to interpret their new partner's adoption of precise monitoring controls as either an effort to limit their autonomy or to reduce information asymmetry. The partner's experience with past partners is posited to determine whi...
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作者：Fox, Zackery D.; Jacob, Martin; Wilde, Jaron H.; Wilson, Ryan J.
作者单位：Brigham Young University; WHU - Otto Beisheim School of Management; University of Iowa
摘要：Amid growing globalization, many countries have offered tax incentives to attract corporate investment. Prior research studies the role such incentives play in firms' location and investment choices. However, we have limited evidence regarding the role that uncertainty about the intensity of future tax enforcement plays in those decisions. In 2013, the European Commission (E.C.) abruptly began investigating the tax-ruling practices of several countries in response to allegations that certain f...
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作者：Zeng, Wei; Lillis, Anne M.; Grafton, Jennifer; Dekker, Henri C.
作者单位：Australian National University; University of Melbourne; Vrije Universiteit Amsterdam; Copenhagen Business School
摘要：Cross-border alliances expose firms to heightened risks, posing different governance and control challenges than domestic alliances. We examine the impact of differences in alliance partner countries??? institutional environments. Analysis of survey data supports our contention that cross-border alliances involve a greater reliance on formal controls, particularly when firms collaborate with partners in countries with a weaker institutional environment. These relations exist regardless of gove...
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作者：Basu, Sudipta; Ma, Xinjie; Briscoe-Tran, Hoa
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; National University of Singapore; University System of Ohio; Ohio State University
摘要：We show that firms' investment opportunity sets (IOS) are multidimensional. Analyzing Form 10-K texts, we identify 445 unique keywords that predict firms' future investments during 1995-2009 and combine them into 43 underlying factors. Industry-specific factors include Bio-Pharma, Banking, Information Technology, Oil and Gas, and Retail Stores, while more general factors include Equity Intensity, Debt Intensity, Lease, Going Concern, and Acquisition. These factors form our multidimensional mea...
