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作者：Campbell, John L.; Gee, Kurt H.; Wiebe, Zac
作者单位：University System of Georgia; University of Georgia; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Arkansas System; University of Arkansas Fayetteville
摘要：Most research on non-GAAP financial measures focuses on earnings or earnings per share, although non-GAAP revenue disclosure has recently attracted SEC scrutiny. It is unclear ex ante what non-GAAP adjustments could improve revenue's usefulness because, unlike earnings, revenue is a top-line number related primarily to core (i.e., persistent) business activities. We present the first archival analysis of non-GAAP revenues using a large, hand-collected sample of disclosures from 2015 to 2018. A...
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作者：Hatfield, Richard C.; Mullis, Curtis E.; Trotman, Ken T.
作者单位：University of Alabama System; University of Alabama Tuscaloosa; University System of Georgia; Georgia State University; University System of Georgia; Georgia State University; University of New South Wales Sydney
摘要：In this study, we consider how the accumulating nature and income direction of audit differences influence negotiated audit adjustments. We test our expectations by constructing dyads consisting of experienced auditors and financial officers, allowing them to interact via a web-based instrument. As predicted, based on expectancy violation theory and consideration of negotiation leverage, these audit difference characteristics alter the behaviors and negotiated outcomes of our participants. Spe...
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作者：Arnold, Markus C.; Artz, Martin; Tafkov, Ivo D.
作者单位：University of Bern; University of Munster; University System of Georgia; Georgia State University
摘要：We investigate how performance-to-target (exceeding versus missing prior target) and task type (ability-driven versus effort-driven) affect managers' target-setting decisions in a setting where a manager sets targets for multiple employees. To do so, we use an experiment that involves executives, who average more than 16 years of work experience. We predict and find stronger target adjustments when prior targets are exceeded than when they are missed, especially when tasks are ability-driven. ...
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作者：Marshall, Nathan T.; Skinner, A. Nicole
作者单位：University of Colorado System; University of Colorado Boulder; University System of Georgia; University of Georgia; University System of Georgia; University of Georgia
摘要：While accounting research has extensively examined initial guidance disclosures, the disclosures that managers make when initial forecasts become materially inaccurate have received much less attention. These updates are unique because managers are communicating that their initial forecasts are no longer correct. In this context, we examine how earnings forecast withdrawals affect managers' reporting reputation, relative to earnings revisions and nondisclosure. While managers face immediate ne...
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作者：Chen, Ruiyuan; El Ghoul, Sadok; Guedhami, Omrane; Wang, He; Yang, Yang
作者单位：West Virginia University; University of Alberta; University of South Carolina System; University of South Carolina Columbia; West Virginia University; Gannon University
摘要：Using a sample of firms from 51 countries and a difference-in-differences approach that exploits corporate governance shocks induced by cross-listing in the U.S., we find that firms tend to engage in less tax avoidance after cross-listing. This effect is more pronounced for firms that experience significant improvements in corporate governance, and for firms from countries with weaker shareholder protection and disclosure requirements. Taken together, the results indicate that cross-listing in...
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作者：Cowle, Elizabeth N.; Kleppe, Tyler J.; Moon, James R., Jr.; Shipman, Jonathan E.
作者单位：Colorado State University System; Colorado State University Fort Collins; University of Kentucky; University System of Georgia; Georgia Institute of Technology; University of Arkansas System; University of Arkansas Fayetteville
摘要：Consulting service revenues recently surpassed audit revenues as the primary income source for the largest accounting firms. Since SOX limits the provision of consulting services to audit clients, this shift in revenues implies that firms and many clients likely choose between audit and consulting relationships. We explore the implications of this by developing and validating a measure of client-level consulting needs that can likely be fulfilled by accounting firms, which we refer to as ''con...
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作者：Core, John E.; Packard, Heidi A.
作者单位：Massachusetts Institute of Technology (MIT); University of Michigan System; University of Michigan
摘要：A large body of empirical work provides mixed support for the central prediction from agency theory that noisier performance measures receive less weight in incentive contracts. We develop a method to calculate price-based and non-price-based performance measure weights using CEO pay and holdings of stock, options, and performance-vested awards. Consistent with theory, we find that noisier performance measures receive less weight. We find that this negative relation strengthened following the ...
