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作者：Hoitash, Rani; Hoitash, Udi
作者单位：Bentley University; Northeastern University
摘要：We propose a new measure of accounting reporting complexity (ARC) based on the count of accounting items (XBRL tags) disclosed in 10-K filings. The preparation and disclosure of more accounting items is complicated because it requires greater knowledge of authoritative accounting standards. This aspect of complexity can increase the likelihood of mistakes, incorrect application of GAAP, and can ultimately lead to less credible financial reports. Consistently, we find that ARC is associated wit...
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作者：Chen, Chen; Martin, Xiumin; Roychowdhury, Sugata; Wang, Xin; Billett, Matthew T.
作者单位：Monash University; Washington University (WUSTL); Boston College; University of Hong Kong; Indiana University System; Indiana University Bloomington
摘要：This paper investigates the effect of internal information asymmetry (IIA) within conglomerate firms on the quality of management forecasts and financial statements. We develop a novel measure to capture IIA between divisional managers and top corporate managers, computed as the difference in their respective trading profits on their own company's stock (DIFRET). Numerous validation tests indicate that DIFRET indeed captures the information asymmetry between divisional managers and top manager...
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作者：Harp, Nancy L.; Barnes, Beau Grant
作者单位：Clemson University; Washington State University
摘要：This study examines internal control weaknesses (ICWs) reported under Sarbanes-Oxley (SOX) Section 302 in the context of mergers and acquisitions. We predict that problems in an acquirer's internal control environment have adverse operational implications for acquisition performance. We argue that acquirers with low-quality internal information needed to select profitable acquisitions will make poorer acquisition decisions. We also argue that ICWs impede effective monitoring and are likely to ...
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作者：Haesebrouck, Katlijn; Cools, Martine; Van den Abbeele, Alexandra
作者单位：Maastricht University; KU Leuven
摘要：We examine how incentive systems influence knowledge transfer between group members with equal or different status who solve an interdependent task. In our experiment, group members receive group or individual incentives, while status is manipulated by assigning job titles with corresponding role descriptions. Although all conditions require knowledge sharing to maximize payoffs, our results suggest that significantly more knowledge is shared under group incentives relative to individual incen...
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作者：Du, Fei; Erkens, David H.; Young, S. Mark; Tang, Guliang
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Georgetown University; University of Southern California; University of International Business & Economics
摘要：This study investigates how adopting new performance measures affects the decision process through which supervisors make subjective adjustments. In our setting, the Chinese government substituted economic value added (EVA) for return on equity (ROE) in the performance score formula it uses to evaluate State-Owned Enterprises (SOEs). In accordance with the Chinese government's objective to increase the capital efficiency of SOEs, supervisors shifted the weight in subjective adjustment decision...
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作者：Chapman, Kimball; Green, Jeremiah R.
作者单位：Washington University (WUSTL); Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Analysts ask managers for forward-looking information in one-third of quarterly conference calls; most frequently, seeking earnings per share guidance. In this study, we examine the long-term consequences of analysts' questions on future manager disclosure choices. Using six types of commonly provided guidance, we find that when analysts request new guidance or ask about prior guidance, managers are more likely to provide similar guidance in future quarters. When analysts do not ask about prio...
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作者：Bruggen, Alexander; Feichter, Christoph; Williamson, Michael G.
作者单位：Maastricht University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：In an environment where employees have the freedom to direct some time away from their day-to-day routine tasks to work on creative endeavors, we examine whether nonbinding targets for the amount of time to spend (input target) and/or the amount of output to produce (output target) on the routine task affects creative task performance. Results of a laboratory experiment demonstrate that providing both an input and an output target on the routine task leads to greater creative task performance ...
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作者：Liang, Ying; Marinovic, Ivan; Varas, Felipe
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Stanford University; Duke University
摘要：This paper studies the reliability of financial reporting when the credibility of the manager, represented by his misreporting propensity, is unknown. We show that credibility concerns affect the time-series of reported earnings, book values, and stock prices in ways that seem consistent with empirical evidence. When investors are uncertain about the credibility of the reporting process, earnings response coefficients, as well as market-to-book values (MTB), are random and time-varying; relati...
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作者：Rabier, MaryJane R.
作者单位：McGill University
摘要：Gupta and Gerchak (2002) argue that different acquirers can arrive at different equity valuations for the same target depending on their strategic intent. A reason for acquirers' equity valuations to vary, holding target fundamentals constant, may be that individual acquirers place different weights on underlying fundamentals. I examine this possibility using Burgstahler and Dichev's (1997) theoretical framework. They argue that the relative importance of earnings and book value depends on exp...
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作者：Bleibtreu, Christopher; Stefani, Ulrike
作者单位：University of Konstanz
摘要：Recently, a system of audit firm rotation has been implemented for the audits of listed companies conducted in the European Union (EU). In the U.S., in contrast, the regulator decided against such rotation. Whereas proponents argue that rotation would strengthen independence and decrease audit market concentration, opponents stress the importance of auditors' learning effects, which would be eliminated by a change in auditors. In extending the market matching model of Salop (1979), we provide ...
