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作者：Zeff, Stephen A.
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作者：Cahan, Steven E.; Godfrey, Jayne M.; Hamilton, Jane; Jeter, Debra C.
作者单位：University of Auckland; Monash University; La Trobe University; Vanderbilt University
摘要：A report issued by the U.S. General Accounting Office (GAO) in 2003 identified auditors' industry expertise as a critical factor for firms choosing an auditor, and highlighted the extreme levels of auditor concentration in some industries. We posit that the investment opportunity set (IOS) plays a fundamental role in determining whether an industry is an attractive target for auditor specialization. When industry-specific IOS is high, specialist auditors make costly investments in industry-spe...
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作者：Barth, Mary E.
作者单位：Stanford University
摘要：This paper identifies challenges and opportunities created by global financial reporting for the education and research activities of U.S. academics. Relating to education, after overviewing the relation between global financial reporting and U.S. GAAP, it offers suggestions for topics to be covered in global financial reporting curricula and clarifies common misunderstandings about the concepts underlying financial reporting. Relating to research, it explains how and why research can provide ...
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作者：Bae, Kee-Hong; Tan, Hongping; Welker, Michael
作者单位：Queens University - Canada; University of Northern British Columbia
摘要：This paper investigates the relation between differences in accounting standards across countries and foreign analyst following and forecast accuracy. We develop two measures of differences in generally accepted accounting principles (GAAP) for 1,176 country-pairs. We then examine the impact of these measures of accounting differences on foreign analysts. In so doing, We utilize a unique database that identifies the location of financial analysts around the world, creating a sample that covers...
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作者：Behn, Bruce K.; Choi, Jong-Hag; Kang, Tony
作者单位：University of Tennessee System; University of Tennessee Knoxville; Seoul National University (SNU); State University System of Florida; Florida Atlantic University
摘要：Under the assumption that audit quality relates positively to unobservable financial reporting quality, we investigate whether audit quality is associated with the predictability of accounting earnings by focusing on analyst earnings forecast properties. The evidence shows that analysts' earnings forecast accuracy is higher and the forecast dispersion is smaller for firms audited by a Big 5 auditor We further find that auditor industry specialization is associated with higher forecast accuracy...
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作者：McNichols, Maureen F.; Stubben, Stephen R.
作者单位：Stanford University; University of North Carolina; University of North Carolina Chapel Hill
摘要：This paper examines whether firms manipulating their reported financial results make suboptimal investment decisions. We examine fixed asset investments for a large sample of public companies during the 1978-2002 period and document that firms that manipulate their earnings-firms investigated by the SEC for accounting irregularities, firms sued by their shareholders for improper accounting, and firms that restated financial statements-over-invest substantially during the misreporting period. F...
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作者：Liang, Pierre Jinghong; Rajan, Madhav V.; Ray, Korok
作者单位：Carnegie Mellon University; Stanford University; University of Chicago
摘要：We formulate and analyze a model of team structure and monitoring within a Linear-Exponential-Normal (LEN) agency framework. We incorporate three key instruments in the internal design of an organization involving team production: team size, monitoring activities, and incentive contracts. We show that the complex trade-offs among these instruments lead to surprisingly simple implications. One such result is that the equilibrium level of pay-for-performance for workers is attenuated and is, at ...
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作者：Wilson, Wendy M.
作者单位：Southern Methodist University
摘要：Regulatory officials and market analysts have speculated that the loss of credibility in subsequently reported financial information is a long-lasting consequence of earnings restatements. I measure the information content of earnings using a standard earnings-retums framework over several years surrounding restatements to examine characteristics of the decline in the information content of earnings. Results indicate that although the information content of earnings declines following restatem...
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作者：Kobelsky, Kevin W.; Richardson, Vernon J.; Smith, Rodney E.; Zmud, Robert W.
作者单位：Baylor University; University of Arkansas System; University of Arkansas Fayetteville; California State University System; California State University Long Beach; University of Oklahoma System; University of Oklahoma - Norman
摘要：For most firms, the information technology (IT) budget represents a major element in the overall firm budget, and IT budget decisions often have significant operational and strategic impacts on the business processes in the firm's value chain. In this paper we use a large unique data set to examine the extent to which IT budgets are affected by environmental, organizational, and technological circumstances. We find that our cross-sectional model explains substantial variance in IT budgets, whi...
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作者：Rankin, Frederick W.; Schwartz, Steven T.; Young, Richard A.
作者单位：Colorado State University System; Colorado State University Fort Collins; State University of New York (SUNY) System; Binghamton University, SUNY; University System of Ohio; Ohio State University
摘要：Research in budgeting suggests that subordinates may exhibit economically significant degrees of honesty, in spite of pecuniary incentives to do otherwise. This study continues the exploration of honesty in budgeting along two dimensions. First, unlike prior experiments, we measure the incremental effect of honesty by manipulating whether budget requests are made in the form of a factual assertion. Second, prior designs may have emphasized the ethical dimension of budgeting by granting the sub...
