3期

最新文章

• Executive Extraversion: Career and Firm Outcomes AI翻译
  作者：Green, T. Clifton; Jame, Russell; Lock, Brandon
  作者单位：Emory University; University of Kentucky; City University of New York (CUNY) System; Baruch College (CUNY)
  摘要：Psychology research identifies extraversion as the personality trait most closely associated with leadership emergence. We examine executive extraversion, as measured by speech patterns during conference calls, and find extraverts experience significant career benefits. Controlling for executive and firm characteristics, including firm fixed effects, we find that extraverted CEOs and CFOs earn 6-9 percent higher salaries. Moreover, extraverted CEOs are less likely to experience job turnover, h...
• Financial Statement Analysis and Earnings Forecasting AI翻译
  作者：Zarowin, Paul A.
  作者单位：New York University
• Audit Quality and Specialist Tenure AI翻译
  作者：Gaver, Jennifer J.; Utke, Steven
  作者单位：University System of Georgia; University of Georgia; University of Connecticut
  摘要：We argue that the association between auditor industry specialization and audit quality depends on how long the auditor has been a specialist. We measure audit quality using absolute discretionary accruals, income-increasing discretionary accruals, and book-tax differences. Our results, based on a sample of Big 4 audit clients from 2003-2015, indicate that auditors who have only recently gained the specialist designation produce a level of audit quality that does not surpass that produced by n...
• The Effect of Mandatory Quarterly Reporting on Firm Value AI翻译
  作者：Kajueter, Peter; Klassmann, Florian; Nienhaus, Martin
  作者单位：University of Munster
  摘要：We exploit a regulatory change in Singapore to analyze the capital market effects of mandatory quarterly reporting. The listing rule implemented in 2003 has required firms with a market capitalization above S$ 75 million-but not firms with a market capitalization below this threshold-to publish quarterly financial statements. Using regression discontinuity analysis for our identification, we provide novel evidence of the causal effects of mandatory quarterly reporting on small firms. We find a...
• Private Litigation Costs and Voluntary Disclosure: Evidence from the Morrison Ruling AI翻译
  作者：Naughton, James P.; Rusticus, Tjomme O.; Wang, Clare; Yeung, Ira
  作者单位：Northwestern University; University of Minnesota System; University of Minnesota Twin Cities; University of Iowa; University of British Columbia
  摘要：We examine the causal effect of expected private litigation costs on voluntary disclosure using a natural experiment, the Supreme Court ruling in Morrison v. National Australia Bank. Even though this ruling had no effect on what constituted fraudulent conduct for the purpose of securities litigation, it significantly reduced the expected private litigation costs for foreign cross-listed firms by reducing the pool of potential claimants. It did so by eliminating the right of shareholders who pu...
• Decreasing Operational Distortion and Surrogation Through Narrative Reporting AI翻译
  作者：Bentley, Jeremiah W.
  作者单位：University of Massachusetts System; University of Massachusetts Amherst
  摘要：Prior research finds that agents who are compensated on an imperfect measure of performance tend to distort their operational decisions and believe that the measure is more reflective of reality than it actually is (i. e., they surrogate). I find that agents distort decisions less and surrogate less when they can provide unverifiable narrative explanations for their actions. In my experiment, experienced chess players place bets on and write explanations about in-progress chess games. I manipu...