4期

最新文章

• Corporate governance, accounting outcomes, and organizational performance AI翻译
  作者：Larcker, David F.; Richardson, Scott A.; Tuna, Irem
  作者单位：Stanford University; University of Pennsylvania
  摘要：The empirical research examining the association between typical measures of corporate governance and various accounting and economic outcomes has not produced a consistent set of results. We believe that these mixed results are partially attributable to the difficulty in generating reliable and valid measures for the complex construct that is termed corporate governance. Using a sample of 2,106 firms and 39 structural measures of corporate governance (e.g., board characteristics, stock owners...
• Management control systems in early-stage startup companies AI翻译
  作者：Davila, Antonio; Foster, George
  作者单位：Stanford University
  摘要：This paper uses a multi-method, multi-case field research design to study the evolving portfolio of the management control systems (MCSs) of 78 early-stage startup companies. We examine 46 individual systems from eight different MCS categories-financial planning, financial evaluation, human resource planning, human resource evaluation, strategic planning, product development, sales/ marketing, and partnerships. We report analysis of the following: (1) The speed of adoption of financial plannin...
• Is openness penalized? Stock returns around earnings warnings AI翻译
  作者：Tucker, Jennifer W.
  作者单位：State University System of Florida; University of Florida
  摘要：Prior research finds that firms warning investors of an earnings shortfall experience lower returns than non-warning firms with similar risks and earnings news. Openness thus appears to be penalized by investors. Yet, this finding may be due to a self-selection bias that occurs when firms with a larger amount of unfavorable non-earnings news (other bad news) are more likely to warn. In this paper I use a Heckman selection model to infer the amount of other bad news and document that, on averag...
• Do cross-border listing firms manage earnings or seize a window of opportunity? AI翻译
  作者：Ndubizu, Gordian A.
  作者单位：Drexel University
  摘要：Firms raising new equity capital at cross-listing (IPO) and those cross-listing existing home-country public shares (non-IPO) benefit from earnings that are high when they cross-list on U.S. stock exchanges. IPO firms have greater benefits than non-IPO firms because they receive cash infusion at listing. I find that performance (ROA) and cash flows peak at cross-listing period for all cross-border firms. Using a matched-firm research design to control for industry and performance, the results ...
• Corporate governance, audit quality, and the Sarbanes-Oxley act: Evidence from internal audit outsourcing AI翻译
  作者：Abbott, Lawrence J.; Parker, Susan; Peters, Gary F.; Rama, Dasaratha V.
  作者单位：University of Memphis; Santa Clara University; University of Arkansas System; University of Arkansas Fayetteville; State University System of Florida; Florida International University
  摘要：This study extends current literature related to nonaudit services by investigating internal audit outsourcing to the external auditor. We posit that certain types of internal audit outsourcing (i.e., those which are nonroutine, and thus tend to be nonrecurring in nature) are unlikely to lead to economic bonding, while offering significant potential for improvements in audit coverage and scope when provided by the external auditor. Alternatively, outsourcing routine internal audit tasks is mor...