3期

最新文章

• Tough Ratings, Tougher Sell: How Different Types of Adjustment Affect Managers' Asymmetric Algorithm Use in Performance Evaluation Judgments AI翻译
  作者：Lin, Fangbin; Cheng, Mandy M.; Humphreys, Kerry A.
  作者单位：University of Western Australia; University of New South Wales Sydney
  摘要：Despite the potential of algorithms to improve judgment quality, recent research suggests that individuals may be averse to algorithmic use. We experimentally examine whether and how managers' use of an algorithm-advised performance rating is influenced by rating valence and the decision rights managers have to adjust the algorithm. We find that managers are less willing to use an algorithm to evaluate subordinate performance when it advises a low, rather than high, rating. We further show tha...
• How Good Is Goodwill Accounting? Comparative Evidence on Post-FAS 141(R) Acquired Intangibles Accounting AI翻译
  作者：Beatty, Anne; Liao, Scott; Weber, Joseph P.
  作者单位：University System of Ohio; Ohio State University; University of Toronto; Massachusetts Institute of Technology (MIT)
  摘要：Concerns that goodwill impairments unresponsiveness to declining performance produces inflated goodwill led standard-setters to reconsider post-acquisition impairment-only accounting. We use granular largescale data to provide institutionally relevant novel descriptive evidence motivated by this hotly debated accounting standard. Comparing goodwill versus other acquired intangibles growth rates for firms reporting goodwill throughout the 2010-2020 post-FAS 141(R) period provides no evidence of...
• Analyst Rational Inattention: Evidence from CEO Turnover Events AI翻译
  作者：Godwin, R. Thomas; Goodman, Theodore H.; Small, R. Christopher
  作者单位：Cornell University; Purdue University System; Purdue University; University of Houston System; University of Houston
  摘要：We consider the dynamics of analyst inattention by investigating how analysts allocate their attention when a firm in their portfolio experiences CEO turnover. Our analysis shows that analysts tend to divert their attention toward firms that experience such events, resulting in less attention and a corresponding reduction in forecasting accuracy for nonevent firms. Furthermore, this reduction in accuracy varies with factors related to the costs and benefits of rationally allocating attention t...
• The 2003 US Dividend Tax Cut, Small Business Loan Supply, and the Real Economy AI翻译
  作者：Li, Oliver Zhen; Lin, Yupeng; Zhang, Keyuan
  作者单位：National University of Singapore; Shanghai Jiao Tong University
  摘要：This paper examines the credit supply-side effect of the U.S. 2003 dividend tax cut on the real economy through the banking sector. We show that C-corporation banks (treatment group), particularly those capital-constrained, increase the supply of small business loans more than S-subchapter banks (control group) following the tax cut, aligning with the old view of dividend taxation and the supply-side effect rooted in credit rationing. Such an enhanced small business loan supply stemming from t...
• Do Consulting Services Affect Audit Quality? Evidence from the Workforce AI翻译
  作者：Fedyk, Anastassia; Fedyk, Tatiana; Hodson, James; Khimich, Natalya
  作者单位：University of California System; University of California Berkeley; University of San Francisco; Pennsylvania State System of Higher Education (PASSHE); West Chester University of Pennsylvania
  摘要：This paper investigates how consulting services affect audit quality, from the perspective of knowledge-and expertise-sharing between employees. Semistructured interviews with 16 audit partners reveal that consulting expertise is used in 60-80 percent of audit engagements, with the main rationale for such collaboration being knowledge-sharing and improved audit quality. We leverage a comprehensive office-level dataset of employment profiles covering 86 percent of all employees at large U.S. pu...
• The Importance of Conscientiousness to Audit Quality: Engagement Partner Graduate Thesis Typos and Audit Adjustments AI翻译
  作者：He, Xianjie; Pittman, Jeffrey; Sun, Shuwei; Zhuang, Zili
  作者单位：Zhejiang University of Finance & Economics; Memorial University Newfoundland; Virginia Polytechnic Institute & State University; Shanghai University of International Business & Economics; Chinese University of Hong Kong
  摘要：Relying on the frequency of typos in engagement partners' graduate theses to measure their conscientiousness, we find that more conscientious partners conduct higher-quality audits, evident in that they are more likely to require an audit adjustment. Our core results hold for both upward and downward adjustments, implying that being conscientious is not equivalent to being overly conservative. Consistent with DeAngelo's (1981) theory, cross-sectional evidence suggests that the role that partne...
• Current Expected Credit Losses (CECL) Standard and Banks' Information Production AI翻译
  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 ...