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作者：Vandenhaute, Marie-Laure; Hardies, Kris
作者单位：Vrije Universiteit Brussel; University of Antwerp
摘要：Over the past decade, the audit profession has significantly increased its use of non-equity partners for private (non-listed) company audits. Such partners lead audit engagements and sign audit reports but do not share in the partnership's profits. Non-equity partner positions were introduced in response to increasing workloads and to retain talented individuals unsuited to or uninterested in equity partnership, either temporarily or permanently. Using data from Big 4 private company audits d...
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作者：Kumar, Praveen; Langberg, Nisan; Sivaramakrishnan, Konduru
作者单位：University of Houston System; University of Houston; Tel Aviv University; Rice University
摘要：Security prices are affected by information strategically disclosed by managers as well as by informed trading of outsiders and vice versa. However, market frictions, such as short-selling costs and constraints, significantly affect trading in financial markets. In this article, we examine the joint determination of voluntary disclosure, security prices, and short-selling, and address the following issues: How do major market frictions affect managerial disclosures? How do disclosures influenc...
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作者：Billings, Bruce K.; Keskek, Sami; Myers, Linda A.; Omer, Thomas C.
作者单位：State University System of Florida; Florida State University; University of Tennessee System; University of Tennessee Knoxville; University of Nebraska System; University of Nebraska Lincoln
摘要：We provide evidence that some managers use a multi-period, coordinated strategy involving inflated current-period discretionary accruals and optimistic forecasts of future earnings to delay the revelation of bad news. Inflating discretionary accruals increases investor expectations of future performance, and issuing optimistic earnings forecasts of future earnings supports the inflated accruals and extends the horizon for managers to benefit. This strategy is more pronounced for firms that eng...
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作者：Yoo, Il Sun
作者单位：University of Hawaii System; University of Hawaii Manoa
摘要：In this paper, I examine the effects of failed mergers and acquisitions (M&A) deals on firms' disclosure decisions. As a firm's detailed proprietary information is shared with the counterparty during an M&A deal, the value of the information is expected to decrease if the deal fails. As a result, it may become less costly for the firm to publicly disclose the information. Consistent with this reasoning, I find increased disclosure of proprietary information in the year after firms experience f...
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作者：Alsarghali, Sara; Daske, Holger; Jada, Hala; Labonte, Makiko
作者单位：University of Mannheim
摘要：We present a case illustrating the pitfalls of insufficient disclosure of commercial databases' coding policies. We replicate the finding in the literature that a nontrivial percentage of firms mandated to adopt IFRS ignore this obligation. Specifically, Pownall and Wieczynska (2018, Contemporary Accounting Research, 35(2), 1029-1066) report more than 3,000 cases, or 10% of all mandated firms in the European Union. When using primary data sources (applicable local regulations and firms' annual...
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作者：Austin, Chelsea Rae; Schmitt, Donna Bobek; Seifert, Spenser G.
作者单位：University of South Carolina System; University of South Carolina Columbia; University of Bern
摘要：Prior research has established that tax liability increases lead to decreased compliance. However, tax liability changes do not happen in a vacuum. Notably, prior research has also identified a withholding phenomenon: individuals in a tax due position are less compliant than those in a refund position. Additionally, tax law changes are often enacted in politically polarized environments. We examine how three factors-tax liability changes, withholding position, and group affiliation-combine to ...
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作者：Ai, Xi; Myers, Linda A.; Schmardebeck, Roy
作者单位：University of Louisville; University of Tennessee System; University of Tennessee Knoxville
摘要：Prior research documents that mergers and acquisitions result in significant financial reporting risks. In this article, we examine whether acquirers that share a common auditor with the target experience higher post-acquisition financial reporting quality (FRQ) and reduced audit fees. We find that same-office, but not different-office, common auditors are associated with improved post-acquisition FRQ, as evidenced by a decreased likelihood of misstatement, lower F-score, and a lower likelihoo...
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作者：Peek, Erik; van Rinsum, Marcel; Stirnkorb, Sebastian
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of Illinois System; University of Illinois Urbana-Champaign
摘要：This study investigates the joint effects of investor status and locus of attribution on investors' judgments of management credibility. We study these effects in the context of an adverse event disclosure. Building on social identity and ultimate attribution error theory, we predict and find that under external attribution, current investors perceive management as more credible than prospective investors do. In contrast, we predict and find that investor status does not affect perceived manag...
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作者：Robinson, Scott A.; Rogers, Jonathan L.; Skinner, A. Nicole; Wellman, Laura A.
作者单位：University of Oregon; University of Colorado System; University of Colorado Boulder
摘要：In this study, we examine whether environmental, social, and governance (ESG) funds' investment decisions are sensitive to the existence and extent of firms' voluntary environmental disclosures. We create our measures of voluntary environmental disclosure using bigrams extracted from the Global Reporting Initiative standards. We provide robust evidence that voluntary environmental disclosure in conference calls is associated with greater ESG fund ownership in the subsequent period, incremental...
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作者：Kuester, Stephan; Steindl, Tobias; Goettsche, Max
作者单位：Free University of Berlin; University of Regensburg
摘要：This study provides empirical evidence that key audit matters (KAMs) are informative for future negative accounting outcomes. We employ FinBERT-a deep learning model designed for natural language processing that allows human-like text comprehension-to demonstrate that goodwill-related KAMs are predictive of firms' future impairments. Our findings reveal that utilizing KAMs as a stand-alone predictor for future impairments provides meaningful predictive power. By exploring the semantic content ...
