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作者：Florou, Annita; Morricone, Serena; Pope, Peter F.
作者单位：Bocconi University; Bocconi University
摘要：We examine the costs and benefits of proactive financial reporting enforcement by the U.K. Financial Reporting Review Panel. Enforcement scrutiny is selective and varies by sector and over time, yet can be anticipated by auditors and companies. We find evidence that increased enforcement intensity leads to temporary increases in audit fees and more conservative accruals. However, cross-sectional analysis across market segments reveals that audit fees increase primarily in the less-regulated AI...
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作者：Li, Zengquan; Wong, T. J.; Yu, Gwen
作者单位：Shanghai University of Finance & Economics; University of Southern California; University of Michigan System; University of Michigan
摘要：When emerging market firms disclose relationship-based transactions, they face a trade-off in which greater transparency may help lower their cost of capital at the cost of revealing proprietary information. We find that firms overcome this challenge by relying on analysts within their private networks (i.e., connected analysts) who, through repeated interaction with the firm, can better verify relationship-based transactions. Using Chinese firms, we show that firms with more connected analyst...
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作者：Wells, Kara
作者单位：Southern Methodist University
摘要：I investigate whether individual managers have an incremental effect on firms' accounting quality (AQ) after controlling for known determinants of AQ, time fixed effects, and firm fixed effects. To identify the manager-specific effect on firm AQ, I construct a dataset that tracks the movement of 907 managers across firms over the period 1992-2014. Results indicate that individual manager fixed effects explain a statistically and economically significant proportion of the cross-sectional variat...
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作者：Drake, Michael S.; Johnson, Bret A.; Roulstone, Darren T.; Thornock, Jacob R.
作者单位：Brigham Young University; George Mason University; University System of Ohio; Ohio State University
摘要：In this study, we examine whether investors' actions to acquire accounting information are predictive of future firm performance because these actions partially reveal investors' private expectations of this performance. Using a database of EDGAR downloads, we find some evidence that information acquisition of accounting reports by EDGAR users is, on average, predictive of future firm performance. We then determine the identity of the EDGAR user and examine whether different users' private exp...
