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作者：Awyong, Amanda; Cho, Young Jun; Yang, Holly
作者单位：Hong Kong Baptist University; Singapore Management University
摘要：We examine the role of conference calls in creating information spillover within firms. We find that analyst participation in conference calls is positively associated with subsequent revisions in management forecasts, consistent with analysts' questions prompting managers to collect additional information. We find that this effect strengthens when analysts pose more questions on new topics and when they ask questions with abnormally positive or negative tones. We also find that analyst partic...
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作者：Dai, Lili; Gong, Ping; Jackson, Andrew B.; Peng, Zihang
作者单位：University of New South Wales Sydney; Yale University
摘要：This study implements topical analysis to identify the extent to which managers shift their responses from analysts' questions in earnings conference calls. We refer to this behavior as managerial topic-shifting. Using a sample of conference calls from 2002 to 2017, we find that managers in firms with better performance, more powerful CEOs, and a weaker information environment shift more from the topics of analysts' inquiries. Managers are also more likely to shift topics when analysts' questi...
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作者：Zhang, Xiaori; Jiang, Christine; Young, Danqing
作者单位：Guangdong University of Technology; Fudan University; Chinese University of Hong Kong
摘要：We examine the role of algorithmic trading in transmitting intra-industry information. Using a comprehensive U.S. sample, we find that algorithmic trading amplifies the stock price reactions of non-announcing firms to the earnings announcements of industry peers that report earlier in the same fiscal quarter. Further analyses reveal that sector exchange-traded funds serve as an important channel through which algorithmic trading facilitates the diffusion of industry information. Moreover, the ...
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作者：Griffith, Emily E.; Rousseau, Linette M.; Zehms, Karla M.
作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Houston System; University of Houston
摘要：The PCAOB adopted critical audit matters (CAMs) to meet public demand for informative audit disclosure, but stakeholders are concerned this goal has not been achieved. We explore this disconnect via interviews with 30 highly experienced auditors. We find that audit firms expended considerable resources to implement CAM best practices. However, overwhelming institutional pressure gave rise to informal rules of thumb that prioritize symbolic comfort over substantive change. The first is don't be...
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作者：Chen, A. J. Yuan; Dechow, Patricia M.; Tan, Samuel T.
作者单位：University of British Columbia; University of Southern California; Singapore Management University
摘要：We document that firms vary in their timeliness of support for the Black Lives Matter (BLM) movement following the death of George Floyd in May 2020, and that timeliness is an indicator of authenticity. We predict that firms that speak out quickly in support of BLM (via Twitter or their websites) have made more investments in diversity and inclusion, relative to firms that speak out slowly (via conference calls or annual reports) or that remain silent. Consistent with this prediction, quick-di...
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作者：Anantharaman, Divya; Manchiraju, Hariom; Misra, Shekhar
作者单位：Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark; Indian School of Business (ISB); Ollscoil na Gaillimhe-University of Galway
摘要：We study India's regulation requiring firms to create board-level CSR committees and spend 2% of profits on CSR initiatives targeting environmental sustainability and local socioeconomic development. We examine whether such a mandate can meaningfully enhance corporate social responsibility. We find significant improvements in environmental and social ratings of Indian firms relative to matched global peers, particularly in community engagement and natural resource stewardship. Outcome-based me...
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作者：Lynch, Daniel P.; Pflitsch, Max; Stich, Michael
作者单位：University of Wisconsin System; University of Wisconsin Madison; Dortmund University of Technology; Technical University of Munich
摘要：This paper examines earnings management in response to changes in tax planning and financial reporting incentives around the corporate income tax rate decrease from 35% to 21% enacted by Tax Cuts and Jobs Act (TCJA) of 2017. Given the higher level of book-tax conformity of real activities manipulation (RAM) relative to accrual-based earnings management (AEM), we hypothesize that firms concertedly use these techniques for different purposes. Specifically, we predict and find that firms use RAM ...
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作者：Ge, Rui; Ke, Junqiang; Ma, Zhiming; Ruan, Lufei
作者单位：Audencia; Shenzhen University; Central University of Finance & Economics; Peking University; California State University System; San Francisco State University
摘要：This study focuses on CEOs' capital gains taxes to shed light on how CEOs' personal tax incentives influence corporate misconduct. We find strong evidence that CEOs' capital gains tax liabilities are negatively associated with corporate misconduct. The results remain robust after controlling for potential endogenous effects. The effect of CEO capital gains taxes on corporate misconduct is attenuated when more of the CEO's wealth is outside the firm and is concentrated among firms facing greate...
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作者：Deng, Emily Kathryn
作者单位：Baylor University
摘要：Auditors informally communicate with both client managers and fellow audit team members throughout an audit. I examine the separate effects of these informal communications on managers' strategic behavior using a laboratory experiment in which participants in the roles of auditors and managers interact in a stylized audit setting. I find that informal auditor-manager communication strengthens managers' social bonds with auditors, which results in fewer aggressive accounting choices by the mana...
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作者：Myers, Noah; Snow, Mason C.; Waddoups, Nathan; Wood, David A.
作者单位：Utah System of Higher Education; Utah Valley University; University of Denver; Brigham Young University
摘要：The design science research (DSR) methodology, widely adopted in computer science and engineering, remains underutilized in accounting. DSR is designed to produce practice-relevant scholarship. We examine 51 DSR articles published in accounting journals and offer six recommendations to strengthen both authoring and peer review: follow a clear framework, validate the research question, state artifact objectives, diversify artifact types, evaluate rigorously, and report results clearly. These re...
