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作者：Noh, Suzie
作者单位：Stanford University
摘要：I examine whether mandating the disclosure of investments influences firms' strategic interactions. I exploit an SEC regulation requiring firms to report off-balance sheet purchase obligations, such as commitments to inventory purchases, CAPEX, R&D, and advertising. Motivated by theory on strategic investments, I predict and find that firms increase investments if they have substitutive product market strategies with competitors and decrease investments if they have complementary strategies. T...
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作者：Jiang, Yi; Lin, Yupeng; Xue, Wenjie
作者单位：Harbin Institute of Technology; Hong Kong Metropolitan University; National University of Singapore; University of Hong Kong
摘要：We study the effect of subsequent write-off tests on myopic managers' investment decisions. Write-off tests discipline overinvestment when the likelihood of adverse events is high but can otherwise cause more severe underinvestment. Hence, tightening impairment stringency improves firm value when the likelihood of adverse events is high but destroys firm value when that likelihood is low. With intermediate levels of likelihood, firm value is hump-shaped in impairment stringency. To test the th...
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作者：McCallen, Jennifer; Schmardebeck, Roy; Shipman, Jonathan; Whited, Robert L.
作者单位：University System of Georgia; University of Georgia; University of Tennessee System; University of Tennessee Knoxville; University of Arkansas System; University of Arkansas Fayetteville; North Carolina State University
摘要：We examine the consequences of the 2020 amendment to Exchange Act Rule 12b-2, which exempted low-revenue issuers from the ICFR audit requirement and reignited the debate among regulators, issuers, auditors, and academics about the costs and benefits of ICFR audits. We find that exempt issuers rarely obtain ICFR audits voluntarily, indicating they generally do not view such audits as cost beneficial. We also find that exempt issuers report fewer MWs than nonexempt issuers, although this effect ...
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作者：Drudi, Laura M.; Charbonneau, Philippe; Pyun, Alyssa J.; Mussa, Firas F.
作者单位：Universite de Montreal
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作者：Zhou, Aner; Allen, Eric J.; Du, Fei; Young, S. Mark
作者单位：California State University System; San Diego State University; University of California System; University of California Riverside; University of Illinois System; University of Illinois Urbana-Champaign; University of Southern California
摘要：Revenue-sharing contracts allow firms that are distant from their target markets to leverage sellers' local expertise. Although these contracts align incentives in operational decisions, they also introduce the potential for sellers to underreport revenues. We analyze film-level box office data from 7,309 Chinese cinemas and find that cinemas report significantly lower revenues for foreign films than for comparable domestic films, consistent with foreign producers being less able to monitor re...
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作者：Lisic, Ling; Liu, Qiliang; Seidel, Timothy A.; Shi, Hanzhong; Wang, Angie; Zimmerman, Aleksandra
作者单位：Virginia Polytechnic Institute & State University; Tongji University; Brigham Young University; Huazhong University of Science & Technology; Hong Kong Polytechnic University; State University System of Florida; Florida State University
摘要：This study examines the association between a shared common auditor among suppliers and customers and trade credit. Using hand-collected pairwise trade credit data, we find that a supplier extends more trade credit to a customer audited by a common auditor. This association is robust to alternative design specifications and various sample restrictions to alleviate selection bias. We then interview trade credit managers and executives as a prelude to archival analyses exploring multiple potenti...
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作者：Halabi, Mouhammad; Ding, Jessica; Salim, Safa; Bicknell, Colin; Budtz-Lilly, Jacob; Magee, Gregory A.; Mussa, Firas F.; Kabbani, Loay
作者单位：Henry Ford Health System; Henry Ford Hospital; New York University; Imperial College London; Aarhus University
摘要：Clinical equipoise-genuine uncertainty within the expert community regarding the relative merits of competing treatments-forms the ethical and scientific foundation of randomized controlled trials. The growing adoption of thoracic endovascular aortic repair (TEVAR) for uncomplicated type B aortic dissection (uTBAD) has increasingly challenged the principle of clinical equipoise in the treatment algorithm of uTBAD. Optimal medical therapy remains the accepted standard in the treatment of uTBAD....
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作者：Matabele, Mario; Newhall, Karina; Drudi, Laura M.; Curi, Michael A.; Salem, Karim; Mussa, Firas F.; Mix, Doran S.
作者单位：University of Rochester; Universite de Montreal; Rutgers University System; Rutgers University New Brunswick; Rutgers University Biomedical & Health Sciences
摘要：Cocaine and amphetamine use is strongly associated with Type B aortic dissection (TBAD). This disproportionately affects younger patients, who are more likely to present with complicated disease and experience greater postoperative morbidity. Stimulant-positive patients are often underrepresented or excluded from prospective trials evaluating optimal medical therapy, thoracic endovascular aortic repair, and perioperative management. Ethical concerns, medicolegal risk, stigma, and barriers to f...
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作者：Bills, Kenneth L.; Hayne, Christie; Stein, Sarah E.
作者单位：Michigan State University; Michigan State University's Broad College of Business; University of Illinois System; University of Illinois Urbana-Champaign; Virginia Polytechnic Institute & State University
摘要：Recruiting talent is a major issue for the accounting profession and is especially salient for small firms with limited resources and brand recognition. In this study, we examine the challenges small accounting firms face when recruiting from universities and the strategies they use to overcome them. Drawing on interviews with 34 stakeholders (primarily recruiting specialists and human resource managers), we develop a process model of small-firm recruiting and present evidence related to each ...
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作者：Murphy, Frank; Vernon, Mary E.
作者单位：University of Connecticut; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：This study examines how separately analyzing tax haven countries according to country-level heterogeneity can produce different tax policy inferences. We focus on understanding tax havens with the largest impact on the U.S. corporate tax landscape by modernizing Hines and Rice's (1994) Big 7 classification, focusing on economic nexus. We identify seven tax havens (Top 7) holding a combined 81 percent of all U.S. public corporate tax haven subsidiaries in 2021. Top 7 havens offer a desirable co...
