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作者：Ayers, BC; Lefanowicz, CE; Robinson, JR
作者单位：University System of Georgia; University of Georgia; University of Virginia; University of Texas System; University of Texas Austin
摘要：This study investigates the effect of shareholder capital gains taxes on the structure of corporate acquisitions. We analyze a sample of large publicly traded firms acquired in taxable cash-for-stock and tax-free stock-for-stock acquisitions from 1975 to 2000. We model acquisition structure (i.e., taxable cash-for-stock acquisitions versus tax-free stock-for-stock acquisitions) as a function of target shareholder capital gains taxes and other economic factors believed to influence acquisition ...
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作者：Francis, J; LaFond, R; Olsson, PM; Schipper, K
作者单位：Duke University; University of Wisconsin System; University of Wisconsin Madison
摘要：We examine the relation between the cost of equity capital and seven attributes of earnings: accrual quality, persistence, predictability, smoothness, value relevance, timeliness, and conservatism. We characterize the first four attributes as accounting-based because they are typically measured using accounting information only. We characterize the last three attributes as market-based because proxies for these constructs are typically based on relations between market data and accounting data...
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作者：Brazel, JF; Agoglia, CR; Hatfield, RC
作者单位：North Carolina State University; Drexel University; University of Texas System; University of Texas at San Antonio
摘要：Due to recent technological advancements such as online workpapers and email, audit firms have alternative methods of workpaper review that they did not have in the past. While audit workpaper preparers typically know they will be reviewed, and know the form their review will take, prior research has focused on comparing the judgments of auditors who expect to be reviewed with auditors who expect to remain anonymous. This study examines the effects on preparers of using two different methods o...
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作者：Jones, S; Hensher, DA
作者单位：University of Sydney
摘要：Over the past three decades the literature on financial distress prediction has largely been confined to simple multiple discriminant analysis, binary logistic or probit analysis, or rudimentary multinomial logit models (MNL). There has been a conspicuous absence of modeling innovation in this literature as well as a failure to keep abreast of important methodological developments emerging in other fields of the social sciences. In particular, there has been no recognition of major advances in...
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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：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：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...
