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作者：Chou, Ting-Kai; Pittman, Jeffrey A.; Zhuang, Zili
作者单位：National Cheng Kung University; National Cheng Kung University; Memorial University Newfoundland; Virginia Polytechnic Institute & State University; Chinese University of Hong Kong
摘要：Relying on the size of partner signatures in audit reports in Taiwan to measure their narcissism, we find that audit quality rises with partner narcissism. Our analysis also implies that changes in audit quality are positively associated with changes in partner narcissism stemming from mandatory partner rotation. We also find that the impact of partner narcissism on audit quality only manifests when auditor independence is more likely to be compromised, although it does not vary with engagemen...
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作者：Moser, Henrik
作者单位：University of Mannheim
摘要：This paper investigates the impact of increased audit market competition on audit quality and auditor choice. I develop a model comprising two auditors who compete for a new client by choosing the audit quality for their respective existing clients and using the audited report as a signal. I identify factors that influence auditor quality decisions, as well as the behavior of clients, who potentially misstate their reports. Auditors are tempted to alter audit quality because they are eager to ...
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作者：Clinch, Greg; Li, Wei
作者单位：Deakin University; University of Adelaide
摘要：Short sellers assist in impounding negative news more quickly into stock prices and improve price informativeness. However, there is a lack of consistent evidence about whether short sellers trade predominantly in anticipation of, or in response to, a public information release. To shed light on this question, we exploit Reg SHO, which reduced the constraints faced by short sellers for a subsample of U.S. firms, to examine price informativeness before, during, and after earnings announcements....
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作者：Lee, Yoojin; Ng, Shaphan; Shevlin, Terry; Venkat, Aruhn
作者单位：California State University System; California State University Long Beach; Singapore Management University; University of California System; University of California Irvine; University of Texas System; University of Texas Austin
摘要：We examine whether employee perceptions of managers and firms fall following tax avoidance news. Using S&P 500 firms and generalized difference-in-differences specifications, we find that tax avoidance news negatively affects employee perceptions of managers and firms. In cross-sectional tests, we find that (1) firms and managers in consumer-facing industries suffer larger employee-related perception changes from tax avoidance news compared to other firms, and (2) well-performing firms and the...
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作者：Bartov, Eli; Cheng, C. S. Agnes; Wu, Hong
作者单位：New York University; Hong Kong Polytechnic University; Fudan University
摘要：Does accounting regime play a role in the well-documented phenomenon of overbidding in M&As? The 2001 regulatory change from a goodwill amortization to a non-amortization regime (SFAS 142) affords us a quasi-experimental setting for testing the consequences of M&A accounting rules for acquirers' bidding decisions. Relying on a novel approach to modeling optimal bidding, our primary finding indicates a significant increase in overbidding in the post-2001 period, suggesting that M&A accounting h...
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作者：Cronin, Matthew; Erkens, David H.; Schloetzer, Jason D.; Tinsley, Catherine H.
作者单位：George Mason University; China Europe International Business School; Georgetown University
摘要：We conducted a clustered randomized field experiment with 20 Brazilian distributorships of a multinational direct sales organization to examine whether controlling failure perceptions through formal communications increases performance. We used the organization's weekly sales meetings to deliver a video-based message from the regional head that either communicates workers should view failure as a natural part of learning rather than an indictment of their ability (treatment condition) or simpl...
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作者：Naidu, Dharmendra; Ranjeeni, Kumari
作者单位：Monash University
摘要：Using a unique hand-collected dataset of purchase obligations, we find that customers' financial reporting quality is positively associated with future supply contracts, indicating that suppliers are more willing to contract with customers who provide them with better information. Further, the association between customers' financial reporting quality and future supply contracts is stronger for customers with strong bargaining power, which is consistent with suppliers relying more on financial...
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作者：Hanlon, Michelle
作者单位：Massachusetts Institute of Technology (MIT)
摘要：There are past and proposed tax law changes that contain provisions that affect financial reporting. These include calls for book-tax conformity, proposals to increase the links between financial accounting and taxable incomes, and actions by Congress that make direct alterations to U.S. GAAP. I submit that these tax law changes potentially threaten financial reporting quality. I discuss my concerns about why such provisions have not attracted attention from accountants to the extent they shou...
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作者：Bauer, Andrew M.; Fang, Xiaohua; Pittman, Jeffrey A.
作者单位：University of Waterloo; State University System of Florida; Florida Atlantic University; Memorial University Newfoundland; Virginia Polytechnic Institute & State University
摘要：We analyze whether tough IRS monitoring generates a positive externality by constraining managers' bad news hoarding activities. Supporting this prediction, we find a negative relation between the threat of an IRS audit and stock price crash risk. Our evidence is consistent with recent theory that outside investors learn more about firms when tax enforcement is stricter. Additionally, path analysis suggests that the monitoring channel (direct path) plays a critical role in shaping crash risk r...
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作者：Stinson, Shane R.; Doxey, Marcus M.; Rupert, Timothy J.
作者单位：University of Alabama System; University of Alabama Tuscaloosa; Northeastern University
摘要：In an online experiment, the immediate (Roth) versus deferred taxation of retirement income affects taxpayers' investment decisions such that tax-deferred plan investors under-adjust for future tax burdens and overestimate their future wealth compared to Roth investors. When presented with a specific after-tax monetary goal, Roth account holders invest more in higher-risk, higher-return assets than tax-deferred account holders. We investigate four aspects of this investment context that could ...
