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作者：Biddle, Gary C.
作者单位：University of Hong Kong
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作者：Feltham, Gerald A.; Hofmann, Christian; Indjejikian, Raffi J.
作者单位：University of British Columbia; University of Munich; University of Michigan System; University of Michigan
摘要：We examine how accounting practices that aggregate or disaggregate the contributions of different economic agents influence the choice of organizational form. We consider a principal/multi-agent model where the principal either contracts with all parties directly or delegates part of the contracting authority to one of the agents. Delegated contracts improve risk sharing and generate implicit incentives for the agent entrusted with contracting authority. However, delegated contracts also entai...
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作者：Robinson, Leslie A.; Stomberg, Bridget; Towery, Erin M.
作者单位：Dartmouth College; University System of Georgia; University of Georgia
摘要：Our study examines how the uniform rules of FIN 48, which governs accounting for income tax uncertainty, affect the relevance of income tax accounting. By requiring all firms to follow the same recognition and measurement process, the FASB intended FIN 48 to improve the relevance of income tax accounting. However, practitioners argue that reserves reported under FIN 48 lack relevance because they represent liabilities that will never be paid to tax authorities. Consistent with these concerns, ...
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作者：Schroeder, Joseph H.
作者单位：Indiana University System; Indiana University Bloomington
摘要：This study examines the role of the external audit in management's decision about the amount of GAAP financial statement information to disclose in the annual earnings announcement. The earnings announcement is a key disclosure provided by public companies. Yet, there is no requirement that earnings announcements contain audited GAAP numbers; in fact, recent trends indicate that a majority of companies release earnings before the completion of year-end audit fieldwork. I predict and find that ...
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作者：Humphreys, Kerry A.; Gary, Michael Shayne; Trotman, Ken T.
作者单位：University of New South Wales Sydney
摘要：This study examines the effects that two balanced scorecard framework (BSF) elements, causal linkages between strategic objectives (causal linkages'') and time delay information (delays'') in a strategy map, have on long-term profit performance in a dynamic decision-making environment. Using a computer-based simulation task, we conduct a 33(4) experiment (control group; causal linkages without delays; causal linkages with delays; four simulation rounds) and find that managers presented with ca...
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作者：Schroeder, Joseph H.; Shepardson, Marcy L.
作者单位：Indiana University System; Indiana University Bloomington
摘要：We address whether SOX 404(b) internal control audits under two auditing standards regimes and SOX 404(a) management assessments are associated with improved internal control system quality, an important and largely unstudied potential benefit. In 2013, the PCAOB disclosed that 15 percent of inspected control audits were ineffective, suggesting that the current control auditing standard may not be sufficient to induce implementation of high-quality control systems. We use an indirect measure o...
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作者：Bens, Daniel A.; Cheng, Mei; Neamtiu, Monica
作者单位：INSEAD Business School; University of Arizona; City University of New York (CUNY) System; Baruch College (CUNY)
摘要：We investigate the role played by the Securities and Exchange Commission (SEC) in monitoring fair value disclosures in regulatory filings. Specifically, we assess whether SEC action via the issuance of fair value comment letters to registrants is followed by reductions in uncertainty about the firms' fair value estimates. We hypothesize that registrants that receive a comment letter focusing on their fair value disclosure policies experience reductions in investor uncertainty regarding their f...
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作者：Franco, Francesca
作者单位：University of London; London Business School
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作者：Heflin, Frank; Kross, William J.; Suk, Inho
作者单位：State University System of Florida; Florida State University; State University of New York (SUNY) System; University at Buffalo, SUNY
摘要：We document that the effect of Regulation Fair Disclosure (FD) on public management earnings forecasts (MFs) is asymmetric. Our results suggest that FD increased managers' use of MFs as a downward-guidance mechanism to help achieve meeting or beating earnings expectations. This effect is more pronounced when existing analyst forecasts are optimistic and when firms had selective disclosure policies pre-FD. We also find that the increased use of MFs as downward guidance leads to post-FD reductio...
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作者：Hall, Curtis M.
作者单位：Drexel University
摘要：This study examines how the incentives related to ownership structure influence labor cost management decisions in publicly traded and privately held organizations. I document that public banks have more elastic labor cost structures than private banks, which suggests that public bank managers prefer greater flexibility to remove labor resources when desired. Consistent with public banks facing greater financial reporting pressures, I find that they reduce labor costs to avoid earnings decline...
