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作者：Chang, HH; Chen, JF; Liao, WM; Mishra, BK
作者单位：University of California System; University of California Riverside
摘要：We examine the impact on share prices of firms whose CEOs and CFOs certify their financial statements under oath, pursuant to the administrative order issued by the SEC on June 27, 2002. We hypothesize that (1) the certification provides assurance to investors by making disclosure more credible and by reducing information asymmetry between owners and management, and (2) the assurance value of certification is reflected in the stock price of the certifying company. Overall, the empirical result...
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作者：Jones, CL; Roberts, AA
作者单位：George Washington University; Boston College
摘要：Charities that use direct mailings or other activities that combine a public education effort with fundraising appeals must allocate the joint costs related to these activities to programs, fundraising, and administration. This study investigates whether charities use joint-cost allocations to manage the program ratio-a widely used measure of spending efficiency. Using a hand-collected dataset of 708 organ ization-year observations from 1992 to 2000, we find evidence that charities use joint c...
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作者：Cahan, SF; Zhang, W
作者单位：University of Auckland; Clarkson University
摘要：This study examines whether after Arthur Andersen's demise, successor auditors required more conservative accounting for their ex-Andersen clients in order to minimize litigation risk. We use unadjusted and performance-adjusted measures of abnormal accruals, and we examine the level of and changes in the abnormal accruals of ex-Andersen clients in 2002 relative to a control sample of clients that were audited by a Big 4 auditor in 2001 and 2002. We conduct univariate and multivariate tests. In...
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作者：Omer, Thomas C.; Bedard, Jean C.; Falsetta, Diana
作者单位：Texas A&M University System; Texas A&M University College Station; Bentley University; University of Miami
摘要：This study investigates auditor-provided tax services from 2000 to 2002, during which fees paid to auditors for nonaudit services (NAS) were disclosed, but separate disclosure of tax service fees was voluntary. We examine changes in the market for tax NAS in 2002, as Congress debated possible prohibition of these services. Using the Heckman MLE procedure to control for selection bias in tax fee disclosure, we find that a strong pre-2002 positive association between tax fees and higher than exp...
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作者：Matsumura, Ella Mae; Shin, Jae Yong
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：Using 1997-1999 annual performance evaluation data of 214 postal stores in Korea, we find that financial performance improves following the implementation of an incentive plan that includes relative performance measures, and that under this incentive plan, the degree of common uncertainty is positively associated with store profitability. We also find evidence that the incentive effect of the plan is mitigated in stores at which the employees' perceived unfairness is likely to be high. Finally...
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作者：Carey, Peter; Simnett, Roger
作者单位：Monash University; University of New South Wales Sydney
摘要：Rotation of audit partners is one of the main policy initiatives that has been implemented in many jurisdictions around the world to deal with concerns about audit quality. The basis of any requirement limiting the tenure of audit partners is that there is a reduction in audit quality associated with long periods of tenure. Using data from Australia, where the audit partner can be identified and for a period where partner rotation was not mandatory, we examine the association between audit qua...
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作者：Ryan, SG; Tucker, JW; Zarowin, PA
作者单位：New York University; State University System of Florida; University of Florida
摘要：Despite the classification of the cash flows on trading positions as operating under SFAS No. 102, trading is economically a hybrid operating/non-operating activity. Reflecting this hybrid nature, we hypothesize and find that the change in net trading assets has a less positive association with returns and future CFO than do the pure operating components of cash flows and accruals, and it has a more positive association with returns and future CFO than do the pure non-operating components of c...
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作者：Elliott, WB
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：This study presents the results of an experiment that examines how two underlying characteristics of pro forma earnings announcements, pro forma emphasis and the presence of a quantitative reconciliation, influence nonprofessional investors' and analysts' reliance on pro forma disclosures. The results indicate that the emphasis management places on pro forma earnings, not the mere presence of pro forma earnings, influences nonprofessional investors' judgments and decisions, but that this influ...
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作者：Gaynor, Lisa Milici; McDaniel, Linda S.; Neal, Terry L.
作者单位：State University System of Florida; University of South Florida; University of Kentucky; University of Tennessee System; University of Tennessee Knoxville
摘要：Recent corporate governance reforms that require audit committees to pre-approve audit and nonaudit services increase audit committees' accountability to third parties for actual auditor independence and audit quality. Other SEC reforms mandate the disclosure of fees for auditor-provided services and are aimed at influencing investors' perceptions of auditor independence. These fee disclosures also reveal audit committees' pre-approval decisions, enhancing public accountability. Thus, audit co...
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作者：Hunton, JE; Libby, R; Mazza, CL
作者单位：Bentley University; Cornell University; Fordham University
摘要：Prior research indicates that greater transparency in reporting formats facilitates the detection of earnings management. The current study hypothesizes and demonstrates that greater transparency in comprehensive income reporting also reduces the likelihood that managers will engage in earnings management in the area of increased transparency. In our experiment, 62 financial executives and chief executive officers decide which available-for-sale security to sell from a portfolio. We manipulate...
