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作者：Botosan, Christine A.
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作者：Brochet, Francois; Limbach, Peter; Schmid, Markus; Scholz-Daneshgari, Meik
作者单位：Boston University; University of Cologne; University of St Gallen; Helmholtz Association; Karlsruhe Institute of Technology
摘要：Our study is the first to provide systematic evidence of a hump-shaped CEO tenure-firm value relation. Cross-sectionally, firm value starts to decline after fewer years of CEO tenure in more dynamic industries, if CEOs are less adaptable to changes, and in the presence of greater labor market frictions. Overall, the dynamics of CEO-firm match quality appear to be a first-order driver of the CEO tenure-firm value association, as explained by CEO characteristics (adaptability), firm/industry cha...
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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：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：Bagnoli, Mark; Watts, Susan G.
作者单位：Purdue University System; Purdue University
摘要：Public information that becomes available after a manager's initial voluntary disclosure decision creates incentives for her to reconsider and possibly change that decision. We show that if she has private information that is value-relevant or that impacts the firm's ability to compete in its product market, the option to revise an initial disclosure decision in the face of a public release of information alters both the initial decision and the overall frequency of disclosure. These effects a...
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作者：Ma, Tao; Wan, Chi; Wang, Yakun; Zhao, Yuping
作者单位：Texas Tech University System; Texas Tech University; University of Massachusetts System; University of Massachusetts Boston; The Chinese University of Hong Kong, Shenzhen; University of Houston System; University of Houston
摘要：We examine the relationship between audit quality and office-level auditor turnover. Using resumes of over 106,000 Big 4 auditors, we find that audit offices with higher turnover have a greater likelihood of client annual report restatements. This detrimental effect is more pronounced when the departing auditors are more experienced and when the office faces tighter human capital constraints and is primarily attributable to voluntary turnover. Further, such negative effect is borne mostly by c...
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作者：Fuller, Stephen H.; Joe, Jennifer R.; Luippold, Benjamin L.
作者单位：Suffolk University; University of Delaware; Babson College
摘要：We investigate the joint effects of auditors' reporting choice and audit committee effectiveness on management disclosures about complex estimates. A new PCAOB standard requires auditors to report on Critical Audit Matters (CAMs): issues communicated or required to be communicated to the audit committeeabout accounts or disclosures that (1) are material to the financial statements,and (2) involved especially challenging, subjective, or complex auditor judgment( PCAOB 2017a, 11). Consistent wit...
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作者：Williams, Braden; Williams, Brian M.
作者单位：University of Texas System; University of Texas Austin; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：This study examines whether financial accounting standards moderate the effectiveness of tax policy. Specifically, we examine whether myopic managers' focus on short-term financial reporting reduces the effectiveness of tax subsidies that incentivize innovation. We employ a novel setting, the issuance of Financial Interpretation No. 48 (FIN 48), which changed the financial reporting for some important, yet uncertain, tax incentives to innovate. For firms most affected by the standard change, w...
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作者：Zheng, Xin
作者单位：University of British Columbia
摘要：The Dodd-Frank Act allows the SEC to choose either an administrative proceeding or a federal court as an enforcement venue for resolving violations of federal securities laws. I examine determinants and consequences of the SEC's choice of enforcement venue after the Dodd-Frank Act. Results show that material cases are 28-35 percent more likely to be assigned to federal courts, and politically connected defendants are about 14 percent more likely to be routed to administrative proceedings. Whil...
