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作者：Sharma, Divesh S.; Wu, Liansheng; Xing, Qiuhang
作者单位：University System of Georgia; Kennesaw State University; Southern University of Science & Technology; University of International Business & Economics
摘要：Although audit regulators worldwide concur that the rigor of audit firms' internal engagement quality reviews (EQRs) is paramount to an audit firm's audit quality, they are concerned that relationships between audit engagement partner (AEP) and engagement review partner (ERP) working in the same firm can undermine these reviews. We utilize confidential proprietary ERP and audit adjustment data to investigate how school alma mater ties between AEPs and ERPs affect audit adjustments in China. Ou...
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作者：Chen, Xi (Novia); Kim, Jungbae; Lourie, Ben; Zhu, Chenqi
作者单位：University of Houston System; University of Houston; Singapore Management University; University of California System; University of California Irvine
摘要：Over three-quarters of U.S. taxpayers receive federal tax refunds, largely due to income tax over-withholding. This study explores how over-withholding impacts investments by comparing individuals' investment behavior following wage receipts and tax refunds. We find a significantly higher marginal propensity to invest out of wages than refunds, suggesting that over-withholding, which alters the labeling and timing of income, meaningfully influences financial decision-making. Our cross-sectiona...
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作者：Wang, Danye
作者单位：University of Iowa
摘要：Labor unions are central to promoting worker protection and fairness, yet misconduct can undermine their ability to advocate. Despite over 60 years of regulations requiring unions to file financial reports, debate persists about those rules' effectiveness. Proponents argue that transparency exposes wrongdoing, whereas critics question whether reporting constrains misconduct. Accounting research shows that financial information can uncover fraud in public firms, but its generalizability to unio...
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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：Bischof, Jannis; Elfers, Ferdinand; Rudolf, Nicolas
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of Lausanne
摘要：Banks often adjust their financial reporting in response to supervisory intervention. However, many banks operate under multiple supervisors with varying preferences. We examine how banks respond to such conflicting oversight within the European Banking Union, where the European Central Bank (ECB) is the central authority. The ECB's Asset Quality Review revealed that its preferred asset valuations diverged from many banks' IFRS-compliant practices that were previously accepted by local supervi...
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作者：Blanco, Ivan; Garcia, Sergio J.; Wehrheim, David
作者单位：CUNEF Universidad; University of Navarra; IESE Business School
摘要：We examine how the prospect of research and development (R&D) disclosure affects a firm's institutional investor base. Difference-in-differences (DiD) regressions around the enactment of the American Inventors Protection Act (AIPA), which mandated the public disclosure of patent applications within 18 months of filing, show that short-term institutional investors increase their holdings before public information is released, whereas long-term investors do not adjust their positions. This antic...
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作者：Golubov, Andrey; Konstantinidi, Theodosia
作者单位：University of Toronto
摘要：Existing measures of valuation uncertainty are indirect or available for limited samples. We use an accounting-based valuation model to estimate a set of hypothetical intrinsic equity values and measure uncertainty by their spread. We show that our measure reflects both cash flow and discount rate uncertainty, explains price ranges in IPO prospectuses and M&A fairness opinions, and incrementally predicts various future outcomes indicative of uncertainty. An application of our measure to a popu...
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作者：Iqbal, Aneel; Srivastava, Anup
作者单位：Arizona State University; Arizona State University-Downtown Phoenix; University of Calgary
摘要：We examine whether accrual accounting loses relevance with the rise of knowledge firms. Investigating a large sample of U.S. firms from 1990 to 2022, we compare magnitudes, components, quality, and pricing of accruals across knowledge-and physical-asset firms. Knowledge firms report lower accruals and poorer accrual quality, but the gap is concentrated in small knowledge firms. Their low-quality accruals reflect largely innate, volatile, uncertain, early-stage operations, not discretionary rep...
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作者：Kim, Yongtae; Sun, Chengzhu; Xiang, Yi; Zeng, Cheng
作者单位：Santa Clara University; Hong Kong Polytechnic University; Hong Kong Polytechnic University
摘要：This study examines whether and how mandating environmental, social, and governance (ESG) disclosure affects firms' competitiveness for foreign government procurement contracts. Exploiting staggered enactment of ESG disclosure mandates across countries, we find that firms attain more and larger contracts from foreign governments after their home countries mandate ESG disclosure. We show that the ESG disclosure mandate affects the global allocation of government procurements through two channel...
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作者：Nan, Lin; Zheng, Ronghuo
作者单位：Purdue University System; Purdue University; University of Texas System; University of Texas Austin
摘要：We investigate how incentives provided by whistleblowing programs affect the likelihood of whistleblowing, firm value, and social welfare in the presence of endogenous internal communication. Specifically, we focus on a myopic manager's ex post decision on internal communication with the employee. An informed employee plays a dual role: working to fix the defect internally or acting as a whistleblower to expose the misconduct if the manager withholds defect information from the public. We find...
