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作者：Bowen, Robert M.; Call, Andrew C.; Rajgopal, Shiva
作者单位：University of Washington; University of Washington Seattle; University System of Georgia; University of Georgia; Emory University
摘要：We document the first systematic evidence on the characteristics and economic consequences of firms subject to employee allegations of corporate financial misdeeds. First, compared to a control group that avoided public whistle-blowing allegations, firms subject to whistle-blowing allegations were characterized by unique firm-specific factors that led employees to expose alleged financial misdeeds. Second, on average, whistle-blowing announcements were associated with a negative 2.8 percent ma...
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作者：Jamal, Karim; Tan, Hun-Tong
作者单位：University of Alberta; Nanyang Technological University
摘要：Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance sheet. Regulators and standard-setters are considering the adoption of principles-based accounting standards to reduce such opportunism. We report the results of an experiment in which experienced financial managers, with incentives to structure a transaction off balance sheet, take a reporting position on how a lease is to be reported. We manipulate the type of accounting ...
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作者：Sun, Yan
作者单位：Saint Louis University
摘要：This study investigates whether MD&A disclosures have predictive ability for future firm performance in cases of disproportionate inventory increases. Using a sample of 568 manufacturing firms with disproportionate inventory increases, I find that the favorability of explanations for inventory changes in MD&A is positively associated with a firm's profitability and sales growth in the subsequent three years. I also find that future profitability and sales growth of firms that do not explain di...
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作者：Weiss, Dan
作者单位：Tel Aviv University
摘要：This study examines how firms' asymmetric cost behavior influences analysts' earnings forecasts, primarily the accuracy of analysts' consensus earnings forecasts. Results indicate that firms with stickier cost behavior have less accurate analysts' earnings forecasts than firms with less sticky cost behavior. Furthermore, findings show that cost stickiness influences analysts' coverage priorities and investors appear to consider sticky cost behavior in forming their beliefs about the value of f...
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作者：Beatty, Anne; Liao, Scott; Weber, Joseph
作者单位：University System of Ohio; Ohio State University; University of Toronto; Massachusetts Institute of Technology (MIT)
摘要：A flourishing stream of research suggests that liquidity-constrained firms with low accounting quality have limited access to capital for investments. We extend this research by investigating whether these firms are more likely to lease their assets. Lessors' superior control rights allow them to provide capital to constrained firms with low-quality accounting reports. Consistent with this conjecture, we find that low accounting quality firms have a higher propensity to lease than purchase ass...
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作者：Bamber, Linda Smith; Jiang, John (Xuefeng); Wang, Isabel Yanyan
作者单位：University System of Georgia; University of Georgia; Michigan State University
摘要：Financial economics has posited a limited role for idiosyncratic noneconomic manager-specific influences, but the strategic management literature suggests such individual influences can affect corporate outcomes. We investigate whether individual managers play an economically significant role in their firms' voluntary financial disclosure choices. Tracking managers across firms over time, we find top executives exert unique and economically significant influence (manager-specific fixed effects...
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作者：Brazel, Joseph F.; Carpenter, Tina D.; Jenkins, J. Gregory
作者单位：North Carolina State University; University System of Georgia; University of Georgia; Virginia Polytechnic Institute & State University
摘要：Audit standards require auditors to conduct fraud brainstorming sessions on every audit. The Public Company Accounting Oversight Board has raised concerns about auditors' fraud judgments and the quality of their brainstorming sessions. We develop a measure of brainstorming quality to examine how it affects auditors' fraud decision-making processes. We test our measure using field survey data of auditors' actual brainstorming sessions for 179 audit engagements. Respondents report considerable v...
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作者：Dyreng, Scott D.; Hanlon, Michelle; Maydew, Edward L.
作者单位：Duke University; Massachusetts Institute of Technology (MIT); University of North Carolina; University of North Carolina Chapel Hill
摘要：This study investigates whether individual top executives have incremental effects on their firms' tax avoidance that cannot be explained by characteristics of the firm. To identify executive effects on firms' effective tax rates, we construct a data set that tracks the movement of 908 executives across firms over time. Results indicate that individual executives play a significant role in determining the level of tax avoidance that firms undertake. The economic magnitude of the executive effe...
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作者：Fan, Yun; Barua, Abhijit; Cready, William M.; Thomas, Wayne B.
作者单位：University of Oklahoma System; University of Oklahoma - Norman; State University System of Florida; Florida International University; University of Texas System; University of Texas Dallas
摘要：McVay (2006) concludes that managers opportunistically shift core expenses to special items to inflate current core earnings, resulting in a positive relation between unexpected core earnings and income-decreasing special items. However, she further notes that this relation disappears when contemporaneous accruals are dropped from the core earnings expectations model. McVay (2006) calls for research to improve the core earnings expectations model and to provide additional cross-sectional tests...
