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作者：Guggenmos, Ryan D.; Piercey, M. David; Agoglia, Christopher P.
作者单位：Cornell University; University of Massachusetts System; University of Massachusetts Amherst
摘要：Contrast analysis has become prevalent in experimental accounting research since Buckless and Ravenscroft (1990) introduced it to the accounting literature over 25 years ago. Since its initial introduction, the scope of contrast testing has expanded, yet guidance as to the most appropriate methods of specifying, conducting, interpreting, and exhibiting these tests has not. We survey the use of contrast analysis in the recent literature and propose a three-part testing approach that provides a ...
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作者：Williams, Braden M.
作者单位：University of Texas System; University of Texas Austin
摘要：This paper examines if, when, and to what extent multinational tax incentives incrementally explain where firms move offshored U.S. jobs. Using jobs data from a Department of Labor program called Trade Adjustment Assistance, I find a significant association between tax incentives and both the likelihood that a foreign country hosts offshored U.S. jobs and the number of U.S. jobs it hosts. This association is stronger when managers have discretion to coordinate cross-border transactions interna...
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作者：Yost, Benjamin P.
作者单位：Boston College
摘要：I study the effects of CEOs' unrealized capital gains tax liabilities (tax burdens) on corporate risk-taking. Recent work suggests that high tax burdens discourage CEOs from selling stock. I hypothesize that this causes the executives to become overexposed to firm-specific risk, thereby reducing their willingness to make risky corporate decisions. In a series of tests, I find that corporate risk-taking decreases as CEOs' personal tax burdens increase. Further, firms with CEOs who are more lock...
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作者：Arnold, Markus C.; Hannan, R. Lynn; Tafkov, Ivo D.
作者单位：University of Bern; Tulane University; University System of Georgia; Georgia State University
摘要：This study investigates whether subjective communication from team members to a manager responsible for allocating performance-based bonuses increases team performance and whether the efficacy of such communication is reduced in heterogeneous teams. We draw on both economic and behavioral theories to predict that communication content, even though subjective, provides information that enables the manager to allocate bonuses so as to enhance the relation between individuals' contributions and r...
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作者：Balsam, Steven; Gu, Yuqi; Mao, Connie X.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Western New England University
摘要：Debt covenant violation alters firm dynamics, providing creditors with the right to demand repayment, and via that right, influence firm actions. We provide evidence consistent with creditors employing that channel to influence CEO compensation. Using regression discontinuity analysis, we show that in the year after a covenant violation, after controlling for other factors, CEO compensation is 8.5 percent lower and the CEO's compensation package contains fewer risk-taking incentives, as the ve...
