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作者：Du, Kai; Huddart, Steven; Jiang, Xin Daniel
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Waterloo
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作者：Friedman, Henry; Sutherland, Andrew G.; Vetter, Felix W.
作者单位：University of California System; University of California Los Angeles
摘要：Since 2011, there has been a substantial decline in the number of students graduating from college with accounting majors. We help explain this decline by empirically showing that technological advancement is associated with lower relative demand from employers for accounting majors compared to other business majors, especially finance. Specifically, corporate software investment is associated with lower relative wages and employment for accounting majors. Crosssectional tests point to these f...
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作者：Armstrong, Daphne M.; Glaeser, Stephen
作者单位：University of Michigan System; University of Michigan; University of North Carolina; University of North Carolina Chapel Hill
摘要：We examine whether taxpayer assistance with tax filing and compliance affects entrepreneurship. Taxpayer Assistance Centers help taxpayers, including entrepreneurs, to correctly file their taxes and navigate the tax system. We find that Taxpayer Assistance Centers positively associate with local entrepreneur entry and with overall Schedule C business income levels. We conclude that taxpayer assistance encourages traditional business entrepreneurship by reducing compliance costs that stem from ...
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作者：Chu, Jian; Fisman, Raymond; Wang, Yongxiang; Ye, Maoliang
作者单位：Nanjing University; Boston University; Shanghai Jiao Tong University; Southern University of Science & Technology
摘要：Audit design invokes a tradeoff between a monitor's local knowledge and their independence from influence. We study this tradeoff in the context of a pilot program in six Chinese provinces in 2016, in which provincial governments were given control over budgeting and personnel decisions for city audits. Using a difference-in-differences framework we show that, compared to non-pilot provinces, centralization increases detection of suspicious expenditures by over 50%. These improvements occur al...
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作者：Gipper, Brandon; Sequeira, Fiona; Shi, Shawn X.
作者单位：University of Notre Dame; Stanford University; University of Washington; University of Washington Seattle
摘要：We examine whether external assurance improves the quality of firms' carbon accounting. We develop a measure of carbon accounting quality based on the deviation of reported emissions from a model-based expected level and supplement it with two survey-based measures. We show that assurance is associated with higher carbon accounting quality. This association is stronger when firms have weaker pre-existing carbon accounting systems and when assurance is more thorough. Consistent with assurance e...
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作者：Nathan, Brad; Perez-Truglia, Ricardo; Zentner, Alejandro
作者单位：Rutgers University System; Rutgers University New Brunswick; University of California System; University of California Los Angeles; University of Texas System; University of Texas Dallas
摘要：We provide evidence on the role of perceived fairness in tax compliance. Are households more willing to pay taxes when they believe others contribute their fair share? We investigate this question with a natural field experiment in the context of U.S. property taxes. Using an information-disclosure experiment, we exogenously shifted households' perceptions of the average tax rate paid by others. We find that higher perceived average tax rates increase perceptions of fairness and reduce the lik...
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作者：Blankespoor, Elizabeth; deHaan, Ed; Guay, Wayne; Lang, Mark; Shroff, Nemit; Smith, Kevin; Wu, Joanna
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作者：Kapons, Martin; Veenman, David
作者单位：INSEAD Business School; University of Amsterdam
摘要：This paper examines the function of accruals in measuring quarterly firm performance. We show that operating accruals play a pronounced role in offsetting quarterly cash flow fluctuations and that this timing role is much stronger than concluded based on annual measurements in the recent literature. A fundamental driver of this timing role of accruals is the significant seasonal variation in operating cash flows, which is determined by the interaction between sales seasonality and working capi...
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作者：Aobdia, Daniel; Yoon, Aaron
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Northwestern University
摘要：We exploit a unique dataset to examine how auditors integrate financially material environmental, social, and governance (ESG) issues into their audits, particularly following the introduction of the Sustainability Accounting Standards Board (SASB) and the 2013 Committee of Sponsoring Organizations (COSO) frameworks, which highlighted the link between ESG and clients' internal control over financial reporting (ICFR). We find that auditors exhibit excessive optimism when evaluating ICFR effecti...
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作者：Libgober, Jonathan; Michaeli, Beatrice; Wiedman, Elyashiv
作者单位：University of Southern California; University of California System; University of California Los Angeles; Hebrew University of Jerusalem
摘要：We examine how external news with uncertain precision influences investor beliefs, market prices, and corporate disclosures. We find that good external (and public) news is taken with a grain of salt - specifically, it is perceived as unlikely to be precise - confirming investor beliefs that nondisclosing managers are hiding unfavorable (private) information. As a result, better external news may paradoxically lead to lower market valuation. Overall, we find that, amid management silence, equi...
