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作者：Brown, LD
作者单位：University System of Georgia; Georgia State University
摘要：Editors exhort authors to circulate and present their working papers to colleagues before submitting them to journals (Zimmerman 1989; Green et al. 2002). Authors heeding such advice are said to increase the likelihood of getting their work published and making their research, once published, more influential (Zimmerman 1989). While evidence regarding these matters is of keen importance to authors, editors, and administrators, no research exists showing that circulating and presenting manuscri...
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作者：Hanlon, M
作者单位：University of Michigan System; University of Michigan
摘要：I investigate the role of book-tax differences in indicating the persistence of earnings, accruals, and cash flows for one-period-ahead earnings. I also examine whether the level of book-tax differences influences investors' assessments of future earnings persistence. I find that firm-years with large book-tax differences have earnings that are less persistent than firm-years with small book-tax differences. Further, the evidence is consistent with investors interpreting large positive book-ta...
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作者：Hannan, RL
作者单位：University System of Georgia; Georgia State University
摘要：This study investigates whether paying higher wages motivates employees to provide higher effort and whether firm profit moderates this relation. Consistent with gift exchange (Akerlof 1982) and reciprocity (Rabin 1993) models, my experimental results show that workers provided more effort when they were paid higher wages even though there was no ex post financial reward for doing so. Moreover, firm profit influenced the relation between wages and effort. Workers provided higher effort when fi...
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作者：Kimbrough, MD
作者单位：Harvard University
摘要：I extend prior research on the information content of conference calls by examining whether they accelerate analysts' and investors' responses to the future implications of currently announced earnings. I find that the initiation of conference calls is associated with a significant reduction in the serial correlation in analyst forecast errors, a measure of initial analyst underreaction. I also find that the initiation of conference calls is associated with significant reductions in two measur...
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作者：Botosan, CA; Plumlee, MA
作者单位：Utah System of Higher Education; University of Utah
摘要：Managers, investors, and researchers have a compelling interest in identifying a reliable empirical proxy for firm-specific cost of equity capital (r). In theory, deducing r is possible if the market's future cash flow forecast and current stock price are observable. Practically, deducing r is dependent on the ability to estimate the market's forecasted terminal value. We evaluate five methods of deducing firm-specific r (labeled r(DIVPREM), r(GLSPREM), r(GORPREM), r(OJNPREM), and r(PEGPREM)) ...
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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：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...
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作者：Koonce, L; McAnally, ML; Mercer, M
作者单位：University of Texas System; University of Texas Austin; Texas A&M University System; Texas A&M University College Station; Emory University
摘要：This paper proposes and tests a risk model that explains how investors perceive financial risks. The model combines conventional decision-theory variables-probabilities and outcomes-with behavioral variables from psychology research by Slovic (1987), such as the extent to which a risky item is new, causes worry, and is controllable. To test our model, we conduct two studies in which M.B.A. students judge the risk of a broad range of financial items. Our results indicate that both the decision-...
