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作者：Gunnell, Hayden T.; Schuhmacher, Karl; Towry, Kristy L.
作者单位：University of Texas System; University of Texas Austin; Emory University
摘要：Pay gaps, like gender or racial gaps, violate the widely held belief that employees should receive equal pay for equal work. This study examines whether a common control choice-framing pay raise budgets in percentages-contributes to perpetuating pay gaps. We predict that when the pay raise budget is framed as a percentage (the percentage frame), it inadvertently nudges managers to anchor individual raises on that budget percentage, thereby impounding prior salaries, and thus, existing inequiti...
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作者：Donahoo, Nicole; Nielson, Christy S.; Pickerd, Jeffrey
作者单位：Brigham Young University; University of Mississippi
摘要：The recent influx of deals between accounting and private equity (PE) firms has raised concerns regarding potential implications for the attest profession. We interview 20 attest partners from PE-backed accounting firms, along with four experienced professionals, to examine how these partnerships affect the attest practice. Using Freidson's (2001) theory of professional autonomy as a theoretical lens, we find that despite independence requirements mandating PE-backed firms separate from their ...
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作者：Kim, Sehwa; Kim, Seil; Kleymenova, Anya; Li, Rongchen
作者单位：Columbia University; City University of New York (CUNY) System; Baruch College (CUNY); Federal Reserve System - USA; Federal Reserve System Board of Governors; University of Chicago; University of Chicago; University of Pennsylvania
摘要：We examine whether the adoption of the current expected credit losses (CECL) model, which incorporates forward-looking information in loan loss provisions (LLPs), enhances banks' information production. Consistent with better information production, we document significant changes in both financial reporting and operational outcomes following CECL adoption. First, CECL banks' LLPs become timelier and better reflect future local economic conditions. Second, CECL banks experience lower rates of ...
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作者：Zou, Yuan
作者单位：Harvard University
摘要：The past two decades have witnessed dramatic growth in passive investing via exchange-traded funds (ETFs). To the extent that ETF flows reflect nonfundamental investor demand, large ETF flows may push the prices of the underlying stocks away from their fundamental values. Consistent with this conjecture, I first find that ETF flows chase past fund performance, suggesting that ETF flows contain a systematic nonfundamental demand component. I then document that ETF flow-induced trading is associ...
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作者：Davidson, Samuel O.; Gomez, Enrique A.; Heflin, Frank; Wallace, Dana
作者单位：Baylor University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University System of Georgia; University of Georgia; State University System of Florida; University of Central Florida
摘要：We examine commonly used indicators of aggressive non-GAAP exclusions and find that the majority perform poorly at identifying low-quality exclusions in terms of decision usefulness for investors. We propose a new firm-quarter-specific indicator that identifies instances in which GAAP earnings quality is high (i.e., when firms have less need to provide non-GAAP metrics) but managers disclose non-GAAP earnings anyway. Our new indicator is easy to calculate, requires minimal data, and performs f...
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作者：Fazzone, Brian; Fassler, Michael J.; Krebs, Jonathan; Agaba, Perez; Anderson, Erik; Shah, Samir K.
作者单位：State University System of Florida; University of Florida
摘要：Traditional carotid revascularization outcome measures often overlook meaningful changes in outcomes important to patients. Patient-reported outcomes are being used more often to assess how diseases and treatments affect these outcomes, with these insights gathered through patient-reported outcome measures (PROMs). This narrative review summarizes the PROM instruments applied in carotid revascularization studies, highlights key findings regarding quality of life (QoL) before and after interven...
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作者：Chua, Wai Fong; Graaf, Johan; Kraus, Kalle
作者单位：University of Sydney; Stockholm School of Economics; Monash University
摘要：This longitudinal study investigates the integration of the controllability principle in the redesign of a performance measurement system (PMS). The PMS and the controllability principle are conceptualized as epistemic objects (open, question-generating, and complex objects) which are associated with varying stakeholder desires. The paper makes two contributions. First, it demonstrates how a PMS can oscillate between different interpretations of the controllability principle (narrow versus bro...
