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作者：Jayaraman, Sudarshan; Milbourn, Todd
作者单位：Washington University (WUSTL)
摘要：Prior studies find inconsistent evidence regarding the effect of CEO equity incentives on financial misreporting. We argue that this inconsistency stems from not considering detection mechanisms that mitigate the effect of equity incentives on misreporting by limiting the ability of managers to carry out such manipulative activities. Using auditor industry expertise as one such detection mechanism, we document that CEO equity incentives are positively associated with misreporting only in subsa...
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作者：Amel-Zadeh, Amir; Zhang, Yuan
作者单位：University of Cambridge; University of Texas System; University of Texas Dallas
摘要：This paper investigates whether and how financial restatements affect the market for corporate control. We show that firms that recently filed financial restatements are significantly less likely to become takeover targets than a propensity score matched sample of non-restating firms. For those restating firms that do receive takeover bids, the bids are more likely to be withdrawn or take longer to complete than those made to non-restating firms. Finally, there is some evidence that deal value...
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作者：Chen, Clara Xiaoling; Matsumura, Ella Mae; Shin, Jae Yong; Wu, Steve Yu-Ching
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Wisconsin System; University of Wisconsin Madison; Seoul National University (SNU); University of Hong Kong
摘要：This paper empirically examines the interactive effect of competition intensity and competition type on the use of customer satisfaction measures in executives' annual bonus contracts. Specifically, we predict a stronger association between competition intensity in an industry and the use of customer satisfaction measures in executives' annual bonus contracts when the competition is non-price-based than when the competition is price-based. Using hand-collected data from Standard & Poor's (S&P)...
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作者：Arnold, Markus C.
作者单位：University of Bern
摘要：In a world characterized by increasing pressure from financial and product markets, the question of how exogenous constraints affect internal coordination and control processes has become increasingly important. This experiment investigates how two exogenous constraints that superiors can face in budget negotiation settings, increased opportunity costs and financial pressure to meet unit targets, affect budget negotiations and subordinate effort. The results show that both constraints induce m...
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作者：Plumlee, R. David; Rixom, Brett A.; Rosman, Andrew J.
作者单位：Utah System of Higher Education; University of Utah; State University System of Florida; Florida International University; Fairleigh Dickinson University
摘要：Although lower-level auditors increasingly carry out mandatory analytical procedures (APs) in audits, they do not perform as well as partners and managers. In order to improve performance in APs by lower-level auditors, we investigated tasks requiring creativity, where training in metacognition consciously thinking about one's thought process improves task performance. As a result, we train lower-level auditors to use a sequential thought process comprised of two metacognitive skills: divergen...
