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作者：Chen, Clara Xiaoling; Williamson, Michael G.; Zhou, Flora H.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Texas System; University of Texas Austin
摘要：In an environment where three-person groups develop a creative solution to an important problem, we examine whether the efficacy of either individual- or group-based creativity-contingent incentives depends on whether they take the piece-rate or tournament form. We predict and find that group (intergroup) tournament pay increases group cohesion and collaborative efforts, which ultimately lead to a more creative group solution, relative to group piece-rate pay. While individual (intragroup) tou...
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作者：Christ, Margaret H.; Sedatole, Karen L.; Towry, Kristy L.
作者单位：University System of Georgia; University of Georgia; Michigan State University; Emory University
摘要：In this study, we examine the effect of incentive contract framing on agent effort in an incomplete contract setting. Prior research suggests that when governed by complete incentive contracts, agents exert greater effort under penalty contracts relative to bonus contracts. However, in an incomplete contract setting, in which the incentive contract does not govern all tasks for which the agent is responsible, the agent's trust in the principal is relevant. In this setting, we predict that bonu...
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作者：Lee, Sam (Sunghan); Matsunaga, Steven R.; Park, Chul W.
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Oregon; University of Hong Kong
摘要：We investigate whether management forecast accuracy provides a signal regarding CEOs' ability to anticipate and respond to future events by examining the relation between management forecast errors and CEO turnover. We find that the probability of CEO turnover is positively related to the magnitude of absolute forecast errors when firm performance is poor and that this positive relation holds for both positive and negative forecast errors. In addition, we find that the positive relation betwee...
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作者：Florou, Annita; Pope, Peter F.
作者单位：University of London; King's College London; City St Georges, University of London
摘要：We examine whether the mandatory introduction of International Financial Reporting Standards leads to an increase in institutional investor demand for equities. Using a large ownership database covering all types of institutional investors from around the world, we find that institutional holdings increase for mandatory IFRS adopters. Changes in holdings are concentrated around first-time annual reporting events. Second, we document that the positive IFRS effects on institutional holdings are ...
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作者：Atwood, T. J.; Drake, Michael S.; Myers, James N.; Myers, Linda A.
作者单位：State University System of Florida; Florida State University; Brigham Young University; University of Arkansas System; University of Arkansas Fayetteville
摘要：We examine whether three tax system characteristics-required book-tax conformity, worldwide versus territorial approach, and perceived strength of enforcement-impact corporate tax avoidance across countries after controlling for firm-specific factors previously shown to be associated with tax avoidance (i.e., performance, size, operating costs, leverage, growth, the presence of multinational operations, and industry) and for other cross-country factors (i.e., statutory corporate tax rates, ear...
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作者：Kim, Jeong-Bon; Liu, Xiaohong; Zheng, Liu
作者单位：City University of Hong Kong; University of Hong Kong
摘要：This study examines the impact of International Financial Reporting Standards (IFRS) adoption on audit fees. We first build an analytical audit fee model to analyze the impact on audit fees for the change in both audit complexity and financial reporting quality brought about by IFRS adoption. We then test the model's predictions using audit fee data from European Union countries that mandated IFRS adoption in 2005. We find that mandatory IFRS adoption has led to an increase in audit fees. We a...
