Contemporary Accounting Research

最新文章

• Are Analysts' Cash Flow Forecasts Naive Extensions of Their Own Earnings Forecasts? AI翻译
  作者：Call, Andrew C.; Chen, Shuping; Tong, Yen H.
  作者单位：University System of Georgia; University of Georgia; University of Texas System; University of Texas Austin; Nanyang Technological University
  摘要：We examine the sophistication of analysts' cash flow forecasts to better understand what accrual adjustments, if any, analysts make when forecasting cash flows. As a preliminary step, we first demonstrate that prior empirical tests used to evaluate the sophistication of analysts' cash flow forecasts are not diagnostic. We then present three sets of evidence to triangulate our conclusion that analysts' cash flow forecasts incorporate meaningful accrual adjustments. First, we review a stratified...
• Does Audit Market Concentration Harm the Quality of Audited Earnings? Evidence from Audit Markets in 42 Countries AI翻译
  作者：Francis, Jere R.; Michas, Paul N.; Seavey, Scott E.
  作者单位：University of Missouri System; University of Missouri Columbia; University of Arizona; University of Nebraska System; University of Nebraska Lincoln
  摘要：Audit regulators around the world have expressed concern over market dominance by Big 4 accounting firms and the potential adverse effect it may have on the quality of audited financial statements. We use cross-country variation in the audit market structure of 42 countries to examine two separate aspects of Big 4 dominance: (1) Big 4 market concentration as a group relative to nonBig 4 auditors; and (2) concentration within the Big 4 group in which one or more of the Big 4 firms is dominant r...
• Changes in Operational Efficiency and Firm Performance: A Frontier Analysis Approach AI翻译
  作者：Baik, Bok; Chae, Joon; Choi, Sunhwa; Farber, David B.
  作者单位：Seoul National University (SNU); Lancaster University; McGill University
• Earnings Smoothing Activities of Firms to Manage Credit Ratings AI翻译
  作者：Jung, Boochun; Soderstrom, Naomi; Yang, Yanhua Sunny
  作者单位：University of Hawaii System; University of Hawaii Manoa; University of Colorado System; University of Colorado Boulder; University of Melbourne; University of Connecticut
• Dividend Policy at Firms Accused of Accounting Fraud AI翻译
  作者：Caskey, Judson; Hanlon, Michelle
  作者单位：Massachusetts Institute of Technology (MIT)
  摘要：Recent studies and some policy experts have posited that dividends indicate higher-quality earnings. In this study, we test this conjecture by comparing the dividend policies of firms accused of accounting fraud to those of firms not accused of accounting fraud. Specifically, we examine whether alleged fraud firms are as likely to be dividend payers as non-fraud firms, and whether managers of dividend-paying fraud firms increase dividends at the same rate as managers of non-fraud firms. Our da...
• Auditor Reporting under Section 404: The Association between the Internal Control and Going Concern Audit Opinions AI翻译
  作者：Goh, Beng Wee; Krishnan, Jayanthi; Li, Dan
  作者单位：Singapore Management University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Tsinghua University
• Mandatory IFRS Adoption and Financial Statement Comparability AI翻译
  作者：Brochet, Francois; Jagolinzer, Alan D.; Riedl, Edward J.
  作者单位：Harvard University; University of Colorado System; University of Colorado Boulder; Boston University
  摘要：This study examines whether mandatory adoption of International Financial Reporting Standards (IFRS) leads to capital market benefits through enhanced financial statement comparability. U.K. domestic standards are considered very similar to IFRS, suggesting any capital market benefits observed for U.K.-domiciled firms are more likely attributable to improvements in comparability (i.e., better precision of across-firm information) than to changes in information quality specific to the firm (i.e...
• Home Country Investor Protection, Ownership Structure and Cross-Listed Firms' Compliance with SOX-Mandated Internal Control Deficiency Disclosures AI翻译
  作者：Gong, Guojin; Ke, Bin; Yu, Yong
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Nanyang Technological University; University of Texas System; University of Texas Austin
  摘要：We examine whether home country investor protection and ownership structure affect cross-listed firms' compliance with SOX-mandated internal control deficiency (ICD) disclosures. We develop a proxy for the likelihood of cross-listed firms' ICD misreporting during the Section 302 reporting regime. For cross-listed firms domiciled in weak investor protection countries, we have three main findings. First, firms whose managers control their firms and have voting rights in excess of cash flow right...
• Do Political Connections Add Value to Audit Firms? Evidence from IPO Audits in China AI翻译
  作者：Yang, Zhifeng
  作者单位：City University of Hong Kong
• Valuation Model Use and the Price Target Performance of Sell-Side Equity Analysts AI翻译
  作者：Gleason, Cristi A.; Johnson, W. Bruce; Li, Haidan
  作者单位：University of Iowa; Santa Clara University