2期

最新文章

• News management, moral hazard, and the properties of earnings, prices, and compensation AI翻译
  作者：Bonham, Jonathan
  作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
  摘要：I study theoretical properties of earnings, prices, and compensation by developing a dual moral hazard model in which a productive manager can selectively include verifiable information in an accounting report. When the cost of information is moderate, the solution exhibits several empirically-descriptive properties: market values exceed book values, the optimal earnings-based contract has a floor and a ceiling, the accounting system resembles historical cost with big bath write-downs but not ...
• Tax administration quality and foreign investment in developing countries: Evidence from participation in tax inspectors without borders AI翻译
  作者：Ferguson, Duke; Krupa, Trent J.; Laux, Rick C.
  作者单位：University of Kentucky; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Oklahoma State University System; Oklahoma State University Center for Health Sciences
  摘要：We examine how tax administration quality in developing countries impacts foreign direct investment (FDI). Developing countries are improving tax administration to raise revenue and reduce dependence on foreign aid. These reforms may deter FDI by raising taxes or attract it by creating a more transparent and predictable investment environment. We use participation in Tax Inspectors Without Borders-a joint OECD-UN program that helps developing countries audit and tax multinational corporations ...
• The role of executives in foreign tax planning AI翻译
  作者：Osswald, Benjamin; Pierk, Jochen
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
  摘要：This study investigates the importance of top executives for foreign tax planning in multinational corporations. Applying incremental R2 comparisons and Shapley Value decompositions, we find that executives account for meaningful variation in foreign tax planning and the number of foreign (tax haven) subsidiaries, but have limited influence on effective tax rates in nonhaven affiliates. We further provide initial evidence that executive influence declined following the Tax Cuts and Jobs Act of...
• The role of federal agency accounting quality in federal budget allocation: Evidence from audit opinions AI翻译
  作者：He, Jiapeng; Li, Ningzhong
  作者单位：Chinese University of Hong Kong; University of Texas System; University of Texas Dallas
  摘要：This study examines the role of the accounting quality of U.S. federal agencies, measured with audit opinions, in federal budget allocations to those agencies. We find that, when an agency receives a modified audit opinion, the president proposes and Congress enacts a lower budget for the agency, and the budgetary disagreement between them increases. These effects strengthen when the president and Congress have stronger incentives to demonstrate spending accountability to taxpayers. Exploiting...
• An examination of direct and spillover effects of accounting standards on firms' information environments AI翻译
  作者：Christensen, Derek; Mittendorf, Brian; Partridge, Clay
  作者单位：University of Oregon; University System of Ohio; Ohio State University
  摘要：A growing literature suggests that accounting standards not only affect public information but also improve the information environment within a firm, leading to operational changes. In this paper, we examine one mechanism for the informational improvements brought by accounting standards. We present a model that demonstrates myopic incentives driven by short-term price pressure can endogenously lead to underinvestment in information. However, imposing an accounting standard that mandates a mi...