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作者：Watkins, Jessica
作者单位：University of Notre Dame
摘要：I investigate capital market consequences of an increase in prescribed timeliness of firms' mandatory disclosure of material events. Specifically, I examine an SEC regulatory change that accelerates the Form 8-K filing deadline and classifies 8-Ks as likely to be constrained or unconstrained by the increase in prescribed timeliness. After the regulatory change, firms filing constrained 8-Ks exhibit increases in information asymmetry between investors and investor disagreement at the 8-K filing...
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作者：Baik, Bok; Gunny, Katherine A.; Jung, Boochun; Park, Duri
作者单位：Seoul National University (SNU); Children's Hospital Colorado; University of Colorado System; University of Colorado Anschutz Medical Campus; University of Colorado Denver; University of Hawaii System; University of Hawaii Manoa; Sogang University
摘要：We examine whether income smoothing via R&D management is associated with more informative earnings. While the literature finds earnings smoothing through accruals improves earnings informativeness, it is unclear whether smoothing through R&D management is used to inform investors because R&D management is relatively more difficult to detect and curb. We find that R&D management, which represents a subset of real activities management, is associated with more informative earnings, but the asso...
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作者：Chen, Shuping; Miao, Bin; Valentine, Kristen
作者单位：University of Texas System; University of Texas Austin; The Chinese University of Hong Kong, Shenzhen; University System of Georgia; University of Georgia
摘要：We examine the voluntary disclosure behavior of peer firms of hostile takeover targets. We find that peer firms under control threat use a disclosure strategy that emphasizes bad news: they provide more bad news forecasts, tend to bundle bad news forecasts with earnings announcements, use more negative tone in conference call presentations, and more evenly distribute negative tonal words throughout the presentation to heighten the visibility of bad news. This asymmetric disclosure of bad news ...
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作者：Mendoza, Kim I.; Winn, Amanda
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Kansas; University of Kansas
摘要：Auditing standards vary in their degree of prescriptive language-for example, stating that auditors ''could'' versus ''should'' do certain procedures. We posit that more prescriptive language primes an implemental mindset, thereby creating a feeling of regulatory fit with objective verification tasks and improving auditors' performance on these tasks. In an experiment with audit students, we find that participants who apply a more (versus less) prescriptive auditing standard perform better on ...
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作者：Asay, H. Scott; Guggenmos, Ryan D.; Kadous, Kathryn; Koonce, Lisa; Libby, Robert
作者单位：University of Iowa; Cornell University; Emory University; University of Texas System; University of Texas Austin
摘要：This paper discusses the role of process evidence in accounting research. We define process evidence broadly as data providing insight into how and why cause-effect relationships occur, and we provide a framework to guide the provision and evaluation of process evidence in accounting studies. Our definition allows for an expanded understanding of techniques for gathering process evidence. The framework highlights the importance of the study's goals and theory in choosing how to provide process...
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作者：Law, Kelvin K. F.; Mills, Lillian F.
作者单位：Nanyang Technological University; University of Texas System; University of Texas Austin
摘要：Users of Exhibit 21 cannot tell whether a tax haven subsidiary is actively operating or a dormant shell company. In this paper, we develop a new set of parsimonious measures to highlight the distinct mechanisms and tax effects of offshore sales to, as opposed to purchases from, tax haven countries, offering insights on the effects of certain types of offshoring activities on firms' tax burdens. Our main measure has about three times the effect of the mere existence of a haven subsidiary in exp...
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作者：Monsen, Brian R.
作者单位：University System of Ohio; Ohio State University
摘要：Despite the considerable participation of Big 4 accounting firms in accounting standard setting, there is no systematic evidence on what factors shape Big 4 support or opposition toward proposed accounting standards or whether their lobbying positions materially influence standards. Using textual features of Big 4 comment letters on FASB proposals, I find that Big 4 firms??? lobbying positions reflect profit motives through support for standards that will generate more fees or are supported by...
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作者：Laux, Volker
作者单位：University of Texas System; University of Texas Austin
摘要：This paper studies the effects of allocating control rights to lenders via debt covenants when managers can sometimes misreport the accounting information on which the covenants are based. When contract renegotiation is exogenously prohibited, including a covenant in the contract is ex ante optimal because it increases both the probability that poor projects are liquidated and the manager's effort incentive. When the parties can renegotiate the contract, the results can flip: granting the lend...
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作者：Baudot, Lisa; Kelly, Khim; McCullough, Aaron
作者单位：State University System of Florida; University of Central Florida
摘要：Socializing personnel into accepting work hour norms has been fundamental to how accounting firms function, but is now challenged by contemporary work perspectives. Using 40 semi-structured interviews of personnel across hierarchical levels at a national firm and an international firm, we show how strangeness and contradiction expressed in work hour perspectives across different levels within both firms are reconstructed as compatible and complementary. Highlighting various firm adaptations, i...
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作者：Comprix, Joseph; Lopatta, Kerstin; Tideman, Sebastian A.
作者单位：Syracuse University; University of Hamburg; University of Exeter
摘要：We investigate the role of gender on the aggressiveness of sell-side analysts' questions during earnings conference calls. Our tests reveal that the verbal aggressiveness of analysts' questions is significantly associated with both the gender of the analyst asking the question and the gender of the CEO fielding the question. First, we find that male analysts are more verbally aggressive than female analysts. Specifically, male analysts' questions are more direct and more likely to be followed ...
