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作者：Botosan, CA; Stanford, M
作者单位：Utah System of Higher Education; University of Utah; Texas Christian University
摘要：Using retroactive disclosures required by Statement of Financial Accounting Standards (SFAS) No. 131, we examine managers' incentives for withholding segment information under SFAS No. 14 and the impact of SFAS No. 131 on analysts' information environment for a sample of firms that previously reported as single-segment firms and initiated segment disclosure with SFAS No. 131. We examine this set of firms because they likely had the strongest incentives to withhold segment information and analy...
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作者：Krishnan, R
作者单位：Michigan State University
摘要：This paper examines whether the type of competition in a market influences the association between the intensity of competition and demand for accounting information. Empirical analysis using a sample of 1,578 hospital-year observations from hospitals in California finds no association between the intensity of competition and demand for accounting information in the presence of quality competition; however, when firms compete on price, the need to control costs leads to a positive association ...
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作者：Ghosh, A; Moon, D
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); U.S. Securities & Exchange Commission (SEC)
摘要：We analyze how investors and information intermediaries perceive auditor tenure. Using earnings response coefficients from returns-earnings regressions as a proxy for investor perceptions of earnings quality, we document a positive association between investor perceptions of earnings quality and tenure. Further, we find that the influence of reported earnings on stock rankings becomes larger with extended tenure, although the association between debt ratings and reported earnings does not vary...
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作者：Hand, JRM
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：This study examines the value relevance of financial statement data and nonfinancial statement information within and across the pre-IPO venture capital and post-IPO public equity markets. For a sample of U.S. biotechnology firms, I find that financial statements are highly value-relevant in the venture capital market, and that the signs of the associations between equity values and financial statement data in that market are similar to those in the public equity market, despite significant st...
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作者：Barron, OE; Harris, DG; Stanford, M
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Syracuse University; Texas Christian University
摘要：Holthausen and Verrecchia's (1990) and Kim and Verrecchia's (1997) theoretical models predict that private information inferred at the time of an earnings announcement (private event-period information) is associated with greater trading volume. We provide empirical evidence consistent with these theories. Specifically, announcements that increase analysts' private information (as measured by Barron et al.'s [1998] empirical proxies) are associated with increased trading volume, consistent wit...
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作者：O'Donnell, E; Schultz, JJ Jr
作者单位：Arizona State University; Arizona State University-Tempe
摘要：Many auditors use an audit methodology that requires a strategic risk assessment of their client's business model as a first step for assessing audit risks. This study examines whether the holistic perspective that auditors acquire in making a strategic risk assessment influences the extent to which they adjust account-level risk assessments when they encounter changes in accounts that are inconsistent with information about client operations. Based on halo theory from the performance evaluati...
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作者：Altamuro, J; Beatty, AL; Weber, J
作者单位：Massachusetts Institute of Technology (MIT); University System of Ohio; Ohio State University
摘要：The SEC issued Staff Accounting Bulletin (SAB) No. 101 to address its concern that firms were masking true performance by managing earnings using accelerated revenue recognition. Critics of this Accounting Bulletin stated that it would eliminate industry-accepted revenue recognition practices and reduce the quality of reported earnings. The FASB's revenue recognition discussions echo these concerns stating that revenues recorded prior to the completion of the earnings process contain value-rel...
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作者：Bhojraj, S; Libby, R
作者单位：Cornell University
摘要：We examine the effects of increased capital market pressure and disclosure frequency-induced earnings/cash flow conflict on myopic behavior. In our experiments, experienced financial managers choose between projects where a conflict exists between near-term earnings and total cash flow. Managers more often choose projects that they believe will maximize short-term earnings (and price) as opposed to total cash flows in response to increased capital market pressure resulting from a pending stock...
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作者：Krische, SD
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：Schrand and Walther's (2000) archival evidence suggests that managers strategically disclose prior-period benchmarks in current earnings announcements, which, in turn, influences investors' judgments. Using a controlled experimental setting, I present evidence confirming that a transparent description of a transitory prior-period gain or loss affects how investors apply prior-period earnings when evaluating current-period earnings. I also provide evidence that this effect is likely to be unint...
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作者：Trotman, KT; Wright, AM; Wright, S
作者单位：University of New South Wales Sydney; Boston College; University of Massachusetts System; University of Massachusetts Boston
摘要：Negotiations are a pervasive feature of the audit process (e.g., the resolution of proposed audit adjustments and disclosures). The results of such negotiations are of great importance to the capital markets, the client, and the auditor. The purpose of this study is to examine the effectiveness of three promising, pragmatic intervention methods for enhancing auditor negotiation performance: a role-playing intervention-assuming the client's position in a mock negotiation; a passive intervention...
