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作者：Lee, Lian Fen
作者单位：Boston College
摘要：This study examines when firms inflate reported cash from operations in the statement of cash flows (CFO) and the mechanisms through which firms manage CFO. CFO management is distinct from earnings management. Unlike the manipulation of accruals, firms cannot manage CFO with biased estimates, but must resort to classification and timing. I identify four firm characteristics associated with incentives to inflate reported CFO: (1) financial distress, (2) a long-term credit rating near the invest...
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作者：Indjejikian, Raffi J.; Matejka, Michal
作者单位：University of Michigan System; University of Michigan; Arizona State University; Arizona State University-Tempe
摘要：We use survey data to examine firms' propensity to rely on financial measures in evaluating local business unit managers. We find that firms rely less on financial measures (and more on nonfinancial measures or subjective evaluations) in determining local managers' bonuses when those managers have greater influence over the design of internal accounting systems. At the same time, we find no significant association between the choice of performance measures and local managers' authority to make...
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作者：Huang, Pinghsun; Zhang, Yan
作者单位：National Cheng Kung University; State University of New York (SUNY) System; Binghamton University, SUNY
摘要：This study investigates whether extensive disclosure reduces managerial expropriation of corporate resources by examining the potential effects of enhanced reporting on the values of cash assets and investment ventures, respectively. We uncover evidence that liquid asset holdings are valued at a discount by firms with fewer disclosure practices than their more transparent counterparts. Moreover, disclosure activity substantially improves the value of cash assets in excess of requirements for o...
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作者：Hales, Jeffrey W.; Venkataraman, Shankar; Wilks, T. Jeffrey
作者单位：University System of Georgia; Georgia Institute of Technology; Brigham Young University
摘要：This study examines the informational effects of unit of account choices in the context of a proposed standard on lease accounting. Standard-setters have tentatively decided that leases in excess of one year should be recognized on a lessee's balance sheet, including optional lease periods, even though the lessee can choose not to renew the lease. We argue that this approach lacks representational faithfulness and creates an informational problem for users. Using an experiment, we show that th...
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作者：Magro, Anne M.; Nutter, Sarah E.
作者单位：George Mason University
摘要：Evidence evaluation in accounting often involves both the assessment of evidence relevance and the combination of its relevance and source to assess overall strength. We decompose this strength-assessment judgment into its components-relevance assessment and source and relevance combination-and consider the effects of experience. Participants in our experiment assess the strength and relevance of tax authorities in relation to a client scenario. Contrary to prior research, we find that more-ex...
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作者：Dao, Mai; Raghunandan, K.; Rama, Dasaratha V.
作者单位：University System of Ohio; University of Toledo; State University System of Florida; Florida International University
摘要：The Advisory Committee on the Auditing Profession (ACAP), formed by the U.S. Department of the Treasury, has recommended that all public companies be required to have shareholder ratification of auditor selection. Using data from 1,382 firms for the year ending December 31, 2006, we find that audit fees are higher in firms with shareholder voting on auditor ratification. We also find that firms that started having a shareholder vote pay higher fees than firms that stopped having a shareholder ...
