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作者：Blankespoor, Elizabeth; Miller, Gregory S.; White, Hal D.
作者单位：Stanford University; University of Michigan System; University of Michigan
摘要：Firm disclosures often reach only a portion of investors, which results in information asymmetry among investors and, therefore, lower market liquidity. This issue is particularly salient for firms that are not highly visible, as they tend not to receive broad news dissemination via traditional intermediaries, such as the press. This paper examines whether firms can reduce information asymmetry by more broadly disseminating their news. To isolate the impact of dissemination, we focus our analy...
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作者：Bruynseels, Liesbeth; Cardinaels, Eddy
作者单位：KU Leuven; Tilburg University
摘要：To ensure that audit committees provide sufficient oversight over the auditing process and quality of financial reporting, legislators have imposed stricter requirements on the independence of audit committee members. Although many audit committees appear to be fully'' independent, anecdotal evidence suggests that CEOs often appoint directors from their social networks. Based on a 2004 to 2008 sample of U.S.-listed companies after the Sarbanes-Oxley Act, we find that these social ties have a n...
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作者：Toms, Steven
作者单位：University of Leeds
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作者：Goodman, Theodore H.; Neamtiu, Monica; Shroff, Nemit; White, Hal D.
作者单位：Purdue University System; Purdue University; University of Arizona; Massachusetts Institute of Technology (MIT); University of Michigan System; University of Michigan
摘要：Corporate investment decisions require managers to forecast expected future cash flows from potential investments. Although these forecasts are a critical component of successful investing, they are not directly observable by external stakeholders. In this study, we investigate whether the quality of managers' externally reported earnings forecasts can be used to infer the quality of their corporate investment decisions. Relying on the intuition that managers draw on similar skills when genera...
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作者：Hodder, Leslie D.
作者单位：Indiana University System; Indiana University Bloomington
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作者：Gold, Anna; Gronewold, Ulfert; Salterio, Steven E.
作者单位：Vrije Universiteit Amsterdam; University of Potsdam; Queens University - Canada
摘要：This paper examines how the treatment of audit staff who discover errors in audit files by superiors affects their willingness to report these errors. The way staff are treated by superiors is labelled as the audit office error management climate. In a blame-oriented'' climate errors are not tolerated and those committing errors are punished. In contrast, an open'' climate characterizes error commitment as a normal, albeit unfortunate aspect of organizational life that offers opportunities for...
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作者：Arya, Anil; Mittendorf, Brian; Yoon, Dae-Hee
作者单位：University System of Ohio; Ohio State University; Yonsei University
摘要：The textbook make-or-buy decision is typically described as choosing the cheaper of the two sourcing options. However, research in accounting has consistently demonstrated that strategic and informational considerations often complicate such seemingly straightforward criteria. In a similar vein, this paper shows that when a firm becomes privy to accounting information pertaining to its profitability, its sourcing choice has powerful informational reverberations. This is because input procureme...
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作者：Hoi, Chun Keung; Wu, Qiang; Zhang, Hao
