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作者：Abernethy, Margaret A.; Kuang, Yu Flora; Qin, Bo
作者单位：University of Melbourne
摘要：We investigate whether CEO power influences a firm's decision to change its compensation system in response to regulatory and public pressure. In particular, we assess whether CEO power influences the choice of performance measures as a form of camouflage to minimize the impact of these reforms on their wealth. We examine one component of CEO pay, namely, the use of performance-vested stock option (PVSO) plans, and find that firms with powerful CEOs attach less challenging targets in the initi...
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作者：Libby, Robert; Tan, Hun-Tong; Hunton, James E.
作者单位：Cornell University; Nanyang Technological University; Bentley University; Maastricht University
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作者：Ke, Bin; Lennox, Clive S.; Xin, Qingquan
作者单位：Nanyang Technological University; Chongqing University
摘要：This study examines whether China's weak institutional environment results in lower-quality audits by the Big 4 firms. We find that the Big 4 assign their less experienced partners to companies that are listed only in China compared with clients cross-listed in Hong Kong. The Big 4 are less likely to issue modified audit reports, and they charge lower audit fees for clients that are listed only in China. Finally, companies listed only in China have larger signed abnormal accruals than do compa...
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作者：Bowlin, Kendall O.; Hobson, Jessen L.; Piercey, M. David
作者单位：University of Mississippi; University of Illinois System; University of Illinois Urbana-Champaign; University of Massachusetts System; University of Massachusetts Amherst
摘要：We examine whether the effect of mandatory auditor rotation on audit quality depends on the mental frame auditors adopt in evaluating management representations. In practice, auditors can alternately frame their assessments of management representations in terms of their potential dishonesty (what we term skepticism) or potential honesty. Using psychology theory and a laboratory experiment, we predict and find that mandatory rotation improves audit quality when an auditor takes an honesty fram...
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作者：Lee, Charles M. C.; Li, Kevin K.; Zhang, Ran
作者单位：Stanford University; University of Toronto; Peking University
摘要：We examine the financial health and performance of reverse mergers (RMs) that became active on U.S. stock markets between 2001 and 2010, particularly those from China (around 85 percent of all foreign RMs). As a group, RMs are early-stage companies that typically trade over the counter. However, Chinese RMs (CRMs) tend to be more mature and less speculative than either their U.S. counterparts or a group of exchange-industry-size-matched firms. As a group, CRMs outperformed their matched peers ...
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作者：Mayew, William J.; Sethuraman, Mani; Venkataehalam, Mohan
作者单位：Duke University
摘要：This paper explores the role of textual disclosures in the Management, Discussion, and Analysis (MD&A) section of a firm's SEC 10-K filing in predicting a firm's ability to continue as a going concern. Using a sample of firms that filed for bankruptcy between 1995 and 2012 to identify firms that cease as a going concern, we find that both management's opinion about going concern reported in the MD& A and the linguistic tone of the MD& A together provide significant explanatory power in predict...
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作者：Chen, Long; Ng, Jeff; Tsang, Albert
作者单位：George Mason University; Chinese University of Hong Kong
摘要：Using a comprehensive dataset of international cross-listings spanning 34 (50) home (target) countries, we examine whether mandatory IFRS adoption facilitates firms' cross-listing activities. Our results using difference-in-differences analyses show that firms that mandatorily adopt IFRS exhibit significantly higher cross-listing propensity and intensity following IFRS adoption. We also find that firms from mandatory IFRS adoption countries are more likely to cross-list their securities in cou...
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作者：Reichelstein, Stefan; Rohlfing-Bastian, Anna
作者单位：Stanford University; Eberhard Karls University of Tubingen
摘要：We examine a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the Levelized Product Cost (LC). Per unit of output, the levelized cost aggregates a share of the initial capacity investment with periodic fixed and variable operating costs. We relate this cost measure to the notion of full cost, as commonly calculated in managerial accounting...
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作者：Bailey, Charles D.
作者单位：University of Memphis
摘要：Psychopathy is characterized by deficits of conscience and empathy, and is measurable in nonclinical populations. It is one of the `Dark Triad'' of personality variables, but has received minimal attention in accounting literature, despite obvious implications for fraud. In the practice of empirical research, two sides of the Fraud Triangle,'' motive and opportunity, are in place, awaiting only rationalization. For one high on the psychopathy scale, rationalization of fraud is easy or moot. Wi...
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作者：Choi, Jongmoo Jay; Mao, Connie X.; Upadhyay, Arun D.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Nevada System of Higher Education (NSHE); University of Nevada Reno
摘要：Barton (2001) and Pincus and Rajgopal (2002) show that earnings management through discretionary accruals and derivative hedging are partial substitutes in smoothing earnings before 1999. In this study, we investigate whether Financial Accounting Standard (FAS) 133 regarding hedge accounting in 2000 has influenced the relative merit of the two earnings-smoothing methods. Based on a sample of S& P 500 nonfinancial firms during 1996-2006, we find that the substitution relation between derivative...
