2期

最新文章

• Can Offering a Signing Bonus Motivate Effort? Experimental Evidence of the Moderating Effects of Labor Market Competition AI翻译
  作者：Choi, Jongwoon (Willie)
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
  摘要：Employers often rely on informal controls such as trust to motivate organizationally desirable behaviors from their workers by appealing to the latter's reciprocity. Notably, trust and reciprocity can promote a gift exchange between employers and workers. Using an experiment, I investigate whether labor market competition moderates the emergence of a gift exchange in labor markets in which signing bonus offers serve as a potential signal of trust and the duration of the employment relationship...
• Are Seemingly Self-Serving Attributions in Earnings Press Releases Plausible? Empirical Evidence AI翻译
  作者：Kimbrough, Michael D.; Wang, Isabel Yanyan
  作者单位：University System of Maryland; University of Maryland College Park; Michigan State University
  摘要：Seemingly self-serving attributions either attribute favorable performance to internal causes (enhancing attributions) or poor performance to external causes (defensive attributions). Managers presumably provide such attributions in earnings press releases to heighten (dampen) investors' perceptions of the persistence of good (bad) earnings news, thereby increasing (decreasing) the market reward (penalty) for good (bad) earnings news. Building on attribution theory and prior research on earnin...
• Critical Histories of Accounting: Sinister Inscriptions in the Modern Era AI翻译
  作者：Young, Joni J.
  作者单位：University of New Mexico
• Do Analysts Follow Managers Who Switch Companies? An Analysis of Relationships in the Capital Markets AI翻译
  作者：Brochet, Francois; Miller, Gregory S.; Srinivasan, Suraj
  作者单位：Harvard University; University of Michigan System; University of Michigan
  摘要：We examine the importance of professional relationships developed between analysts and managers by investigating analyst coverage decisions in the context of CEO and CFO moves between publicly listed firms. We find that top executive moves from an origin firm to a destination firm trigger analysts following the origin firm to initiate coverage of the destination firm in 10 percent of our sample, which is significantly higher than in a matched sample. Analyst-manager co-migration is significant...
• Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Stock Valuation AI翻译
  作者：Konchitchki, Yaniv; Patatoukas, Panos N.
  作者单位：University of California System; University of California Berkeley
  摘要：In this study, we hypothesize and find that financial statement analysis of firm profitability drivers applied at the aggregate level yields timely insights that are relevant for forecasting real economic activity. We first show that focusing on the 100 largest firms offers a cost-effective way to extract information embedded in accounting profitability data of the entire stock market portfolio. We then show that accounting profitability data aggregated across the 100 largest firms have predic...
• Firm-Value Effects of Carbon Emissions and Carbon Disclosures AI翻译
  作者：Matsumura, Ella Mae; Prakash, Rachna; Vera-Munoz, Sandra C.
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Mississippi; University of Notre Dame
  摘要：Using hand-collected carbon emissions data for 2006 to 2008 that were voluntarily disclosed to the Carbon Disclosure Project by S&P 500 firms, we examine the effects on firm value of carbon emissions and of the act of voluntarily disclosing carbon emissions. Correcting for self-selection bias from managers' decisions to disclose carbon emissions, we find that, on average, for every additional thousand metric tons of carbon emissions, firm value decreases by $212,000, where the median emissions...