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作者：Asthana, S; Balsam, S; Sankaraguruswamy, S
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; National University of Singapore
摘要：In this paper we examine the effect of filing form 10-K on EDGAR on the incidence of small and large trades. We find that the change to EDGAR filings results in significant increases in the volume of small, but not large trades, during the five-day window (-1, 3) around the filing date. While our data does not allow us to directly examine the trading profits and transactions costs of investors, we are able to examine whether the trading patterns reflect information available in the 10-K differ...
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作者：Lev, B; Nissim, D
作者单位：New York University; Columbia University
摘要：We investigate the ability of a tax-based fundamental-the ratio of tax-to-book income-to predict earnings growth and stock returns and to explain the earnings-price ratio. This tax fundamental reflects both temporary and permanent book-tax differences as well as tax accruals, such as changes in the tax valuation allowance. We find that the tax-to-book income ratio predicts subsequent five-year earnings changes, both before and after the implementation of Statement of Financial Accounting Stand...
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作者：Libby, T; Salterio, SE; Webb, A
作者单位：Wilfrid Laurier University; Queens University - Canada; University of Waterloo
摘要：The balanced scorecard is one of the major developments in management accounting in the past decade (Ittner and Larcker 2001). Lipe and Salterio (2000) find that managers ignore one of the key scorecard features, the inclusion of measures that are unique to the strategic objectives of a business unit, when making performance evaluation judgments. This study identifies and tests two approaches to reducing this common measures bias. We examine whether increasing effort via invoking process accou...
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作者：Abernethy, MA; Bouwens, J; van Lent, L
作者单位：University of Melbourne; Tilburg University
摘要：We investigate two determinants of two choices in the control system of divisionalized firms, namely decentralization and use of performance measures. The two determinants are those identified in the literature as important to control system design: (1) information asymmetries between corporate and divisional managers and (2) division interdependencies. We treat decentralization and performance measurement choices as endogenous variables and examine the interrelation among these choices using ...
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作者：Menon, K; Williams, DD
作者单位：Boston University; University System of Ohio; Ohio State University
摘要：Audit clients often employ a former partner of their present auditor as an officer or a director. This revolving door practice presents a potential threat to auditor independence. Using the Jones (11991) model to calculate abnormal accruals for firms in 1998 and 1999, we find that firms employing former partners as officers or directors report larger signed and unsigned abnormal accruals than other firms, after controlling for other factors that plausibly affect abnormal accruals. To ensure th...
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作者：Rowe, C
作者单位：Arizona State University; Arizona State University-Tempe
摘要：Cross-functional teams operate in dynamic environments in which it is difficult to properly align incentives. As a result the free-rider problem can emerge. This paper presents two experiments in which dominant incentives to free ride were held constant. The first experiment examined the question of whether aligning accounting report structure and team structure in such a way as to create a group frame helps to mitigate the free-rider problem. Accounting report structure was found to complemen...
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作者：Hirst, DE; Hopkins, PE; Wahlen, JM
作者单位：University of Texas System; University of Texas Austin; Indiana University System; Indiana University Bloomington
摘要：We examine how fair-value-income measurement affects commercial bank equity analysts' risk and value judgments. Normatively, holding information and other underlying economics constant, bank analysts' risk and valuation assessments should distinguish between banks with different risks, but should not depend on how banks measure income. In our experiment, we vary income measurement-full-fair-value (all fair-value changes recognized in income) versus piecemeal-fair-value (some fair-value changes...
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作者：Bedard, JC; Johnstone, KM
作者单位：Northeastern University; University of Wisconsin System; University of Wisconsin Madison
摘要：This paper investigates auditors' assessments of earnings manipulation risk and corporate governance risk, and their planning and pricing decisions in the presence of these identified risks. To conduct this investigation, we use engagement partners' assessments of their existing clients made during the participating public accounting firm's client continuance risk assessment process. We find that auditors plan increased effort and billing rates for clients with earnings manipulation risk, and ...
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作者：Stocken, PC; Verrecchia, RE
作者单位：Dartmouth College; University of Pennsylvania
摘要：We examine the efficiency implications of a manager's financial reporting system choice and disclosure management. When a manager has some private information that is not captured by a firm's financial reporting system and may manipulate the financial report at some cost, we show that the manager may not choose the most precise financial reporting system. We examine how reporting system choice varies with the precision of the manager's private information captured by the reporting system, prec...
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作者：Riedl, EJ
作者单位：Harvard University
摘要：Prior research reveals that write-offs of long-lived assets are both large in magnitude and frequent in occurrence. Responding to calls for enhanced reporting of these items, the FASB issued SFAS No. 121, Accounting for the Impairment of Long-Lived Assets. However, its effect on the characteristics of reported write-offs remains unclear, as implementation requires inherently subjective estimates. Further, critics (including dissenting FASB board members and the SEC) question the standard's gui...
