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作者：Cheng, Mandy M.; Humphreys, Kerry A.
作者单位：University of New South Wales Sydney
摘要：This study examines the effect that two key balanced scorecard (BSC) framework elements-causal linkages between strategic objectives in the strategy map and performance measures categorized by scorecard perspective-have on managers' ability to interpret the strategic relevance of external information and use this information to evaluate the appropriateness of an organization's strategy. We conduct two experiments, finding that presenting a set of strategic objectives as a strategy map enhances...
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作者：Kim, Yongtae; Park, Myung Seok; Wier, Benson
作者单位：Santa Clara University; Virginia Commonwealth University
摘要：This study examines whether socially responsible firms behave differently from other firms in their financial reporting. Specifically, we question whether firms that exhibit corporate social responsibility (CSR) also behave in a responsible manner to constrain earnings management, thereby delivering more transparent and reliable financial information to investors as compared to firms that do not meet the same social criteria. We find that socially responsible firms are less likely (1) to manag...
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作者：Schmidt, Jaime J.
作者单位：University of Texas System; University of Texas Austin
摘要：This study investigates whether audit litigants act as if they believe jurors will associate auditor-provided nonaudit services (NAS) with impaired auditor independence, and thus substandard auditor performance. Using GAAP-based financial statement restatements disclosed from 2001-2007 as an indicator for audit failure, I find that the amount of NAS fees and the ratio of NAS fees to total fees is positively associated with the likelihood that a restatement results in audit litigation. I also f...
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作者：Bens, Daniel A.; Goodman, Theodore H.; Neamtiu, Monica
作者单位：University of Arizona
摘要：This study examines whether managers alter their financial reporting decisions in the face of investment-related pressure. We define investment-related pressure as the increased pressure managers feel to retain their job following an M&A poorly received by the market. We hypothesize that managers attempt to assuage pressure by delivering strong performance post-merger, creating incentives for misreporting. Our findings indicate that acquirers with more negative M&A announcement returns are mor...
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作者：Dhaliwal, Dan S.; Radhakrishnan, Suresh; Tsang, Albert; Yang, Yong George
作者单位：University of Arizona; Korea University; University of Texas System; University of Texas Dallas; Chinese University of Hong Kong
摘要：We examine the relationship between disclosure of nonfinancial information and analyst forecast accuracy using firm-level data from 31 countries. We use the issuance of stand-alone corporate social responsibility (CSR) reports to proxy for disclosure of nonfinancial information. We find that the issuance of stand-alone CSR reports is associated with lower analyst forecast error. This relationship is stronger in countries that are more stakeholder-oriented-i.e., in countries where CSR performan...
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作者：Zeff, Stephen A.
作者单位：Rice University
摘要：In this article, I undertake to review the major developments and turning-points in the evolution of the IASC, followed by the evolution of the IASB. At the conclusion, I suggest five challenges facing the IASB.
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作者：Bushee, Brian J.; Miller, Gregory S.
作者单位：University of Pennsylvania; University of Michigan System; University of Michigan
摘要：We examine the actions and outcomes of investor relations (IR) programs in smaller, less-visible firms. Through interviews with IR professionals, we learn that IR strategies have a common goal of attracting institutional investors and that direct access to management, rather than increased disclosure, is viewed as the key driver of the strategy's success. We test for the effects of IR programs by examining small-cap companies that hired IR firms in a differences-in-differences research design ...
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作者：Sikes, Stephanie A.; Verrecchia, Robert E.
作者单位：University of Pennsylvania
摘要：Prior literature predicts a positive relation between firms' expected pre-tax rates of return and investor-level capital gains tax rates. We show that this relation is more nuanced than suggested by prior literature and that in three circumstances the relation can actually be negative. The first circumstance is when a firm's systematic risk is very high. The second circumstance is when the market risk premium is very high. The third circumstance is when the risk-free rate of return is very low...
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作者：Moser, Donald V.; Martin, Patrick R.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
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作者：Schloetzer, Jason D.
作者单位：Georgetown University
摘要：This study examines whether the potential for hold-up in supply chains influences the extent of process integration and information sharing between partners. The analysis uses performance scorecards and financial performance data collected from a major manufacturer regarding its contractual arrangements with 156 distributors. I find that distributors engage in less extensive process integration and information sharing with the manufacturer as the potential for hold-up increases, measured by th...
