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作者：Kedia, Simi; Koh, Kevin; Rajgopal, Shivaram
作者单位：Rutgers University System; Rutgers University New Brunswick; Nanyang Technological University; Columbia University
摘要：We examine contagion in earnings management using 2,376 restatements announced during the years 1997-2008. Controlling for industry and firm characteristics, firms are more likely to begin managing earnings after the public announcement of a restatement by another firm in their industry or neighborhood. Such contagion is absent when the restating firm is disciplined by the SEC or class action lawsuits, suggesting deterrent effects of enforcement activity. Contagion among peers is observed (1) ...
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作者：Dee, Carol Callaway; Lulseged, Ayalew; Zhang, Tianming
作者单位：University of Colorado System; University of Colorado Denver; University of Colorado Anschutz Medical Campus; Children's Hospital Colorado; University of North Carolina; University of North Carolina Greensboro; State University System of Florida; Florida State University
摘要：We empirically test whether audit quality is affected when part of an SEC issuer's audit is outsourced to auditors other than the principal auditor (participating auditors''). We find a significantly negative market reaction and a significant decline in earnings response coefficients (ERCs) for experimental issuers disclosed for the first time as having participating auditors involved in their audits. However, we find no market reaction and no decline in ERCs for a matching sample of issuers t...
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作者：Bol, Jasmijn C.; Lill, Jeremy B.
作者单位：Tulane University; University System of Georgia; Georgia State University
摘要：In this study, we examine a setting where principals use past performance to annually revise performance targets, but do not fully incorporate the past performance information in their target revisions. We argue that this situation is driven by some principals and agents having an implicit agreement where the principal allows'' the agent to receive economic rents from positive performance-target deviations that are the result of superior effort or transitory gains by not revising targets upwar...
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作者：Crawley, Michael J.
作者单位：Indiana University System; Indiana University Bloomington
摘要：This study investigates the macroeconomic consequences of firm-level accounting conservatism. Consistent with conditional conservatism extending to the aggregate level, I demonstrate that annual estimates of aggregate corporate profits and gross domestic product compiled by the U.S. Bureau of Economic Analysis are more sensitive to negative aggregate news than to positive aggregate news. Next, I estimate the dollar value impact of conservatism on measurements of macroeconomic fundamentals. Fin...
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作者：Boone, Jeff P.; Khurana, Inder K.; Raman, K. K.
作者单位：University of Texas System; University of Texas at San Antonio; University of Missouri System; University of Missouri Columbia
摘要：We examine whether the December 2007 PCAOB disciplinary order against Deloitte affected Deloitte's switching risk, audit fees, and audit quality relative to the other Big 4 firms over a three-year period following the censure. Our findings suggest that the PCAOB censure was associated with a decrease in Deloitte's ability to retain clients and attract new clients, and a decrease in Deloitte's audit fee growth rates. However, methodologies used in extant archival studies yield little or no evid...
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作者：Rajgopal, Shivaram
作者单位：Emory University
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作者：Chen, Clara Xiaoling; Trotman, Ken T.; Zhou, Flora (Hailan)
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of New South Wales Sydney; University System of Georgia; Georgia State University
摘要：In this study, we examine whether interacting hierarchical teams outperform nominal hierarchical teams in electronic brainstorming. Our hierarchical audit teams were composed of 111 managers and seniors from two Big 4 accounting firms. We compare fraud brainstorming outcomes between nominal and interacting teams for two tasks of varying complexity: a simpler task of fraud risk factor identification and a more complex task of fraud hypothesis generation. We find that nominal teams generate a si...
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作者：Mueller, Maximilian A.; Riedl, Edward J.; Sellhorn, Thorsten
作者单位：WHU - Otto Beisheim School of Management; Boston University; University of Munich
摘要：This paper examines pricing differences across recognized and disclosed fair values. We build on prior literature by examining two theoretical causes of such differences: lower reliability of the disclosed information, and/or investors' higher related information processing costs. We examine European real estate firms reporting under International Financial Reporting Standards (IFRS), which require that fair values for investment properties, our sample firms' key operating asset, either be rec...
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作者：Beaver, William H.
作者单位：Stanford University
摘要：These remarks provide some perspective on my six decades of research, teaching, and participation in the AAA. A recurring theme is that my career took several unexpected turns and that my research often had unexpected outcomes. Several areas of research are discussed, including the prediction of financial distress, the information content of earnings announcements, the information content of prices, accounting and market measures of risk, discretion in financial reporting, conservatism, and va...
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作者：Degos, Jean-Guy
作者单位：Universite de Bordeaux
