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作者：Barniv, Ran; Hope, Ole-Kristian; Myring, Mark; Thomas, Wayne B.
作者单位：University System of Ohio; Kent State University; Kent State University Kent; Kent State University Salem; University of Toronto; Ball State University; University of Oklahoma System; University of Oklahoma - Norman
摘要：This is the first large study to examine the relation between analysts' stock recommendations, earnings forecasts, and future excess stock returns in an international context. We first document that some of the peculiar findings established in the United States extend to other countries where individual investor participation in the stock market is high (especially when Japan is excluded from the sample). Specifically, we find that analysts' recommendations relate positively to simple heuristi...
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作者：Lennox, Clive; Pittman, Jeffrey A.
作者单位：Nanyang Technological University; Memorial University Newfoundland
摘要：We examine the association between Big Five audits and the incidence of accounting frauds allegedly committed by U. S. public companies between 1981 and 2001. Many commentators argue that the prominent financial reporting failures that led to major corporate governance reforms cast serious doubt on whether the large public accounting firms continue to supply relatively high-quality audits, especially in recent years. However, in unmatched and matched samples, we provide strong, robust evidence...
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作者：Ayers, Benjamin C.; Laplante, Stacie Kelley; Mcguire, Sean T.
作者单位：University System of Georgia; University of Georgia; Texas A&M University System; Texas A&M University College Station
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作者：Hunton, James; Arnold, Vicky; Reck, Jacqueline L.
作者单位：Bentley University; State University System of Florida; University of Central Florida; State University System of Florida; University of South Florida
摘要：This study complements and extends prior decision aid (DA) research by examining the DA reliance behavior of professional buy-side financial analysts in the context of their actual work environment. A large mutual fund company provided data on buy-side analysts' earnings forecasts over the course of one year, during which forecasts were made at the end of each quarter for the following four consecutive quarters. As part of the decision process, all analysts could voluntarily access a DA to ass...
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作者：Tan, Hun-Tong; Libby, Robert; Hunton, James E.
作者单位：Nanyang Technological University; Cornell University; Bentley University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Prior research indicates that analysts do not fully adjust for the general downward bias in earnings guidance issued by management. We report the results of two experiments designed to investigate how guidance track record and analysts' incentives jointly explain the extent to which analysts adjust for guidance bias. Our results suggest that analysts with accuracy incentives adjust for management's track record of downwardly biased guidance when the bias is relatively small ( one cent), but th...
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作者：Riedl, Edward J.
作者单位：Harvard University
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作者：Desai, Vikram; Roberts, Robin W.; Srivastava, Rajendra
作者单位：Wilfrid Laurier University; State University System of Florida; University of Central Florida; University of Kansas
摘要：The purpose of this paper is to advance research in internal audit (IA) evaluation by developing an IA assessment model that considers interrelationships among specific factors used by external auditors to evaluate the strength of the IA function. The model is based on three factors identified by auditing standards and by prior academic research: Competence, Work Performance, and Objectivity. We develop an analytical expression of the model using the belief function framework in order to overc...
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作者：Radcliffe, Vaughan S.
作者单位：Western University (University of Western Ontario)
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作者：Gunny, Katherine A.
作者单位：University of Colorado System; University of Colorado Boulder
摘要：This paper examines the consequences of real activities manipulation (RM). Using financial statement data, I identify firms that appear to engage in any of the following RM: reducing research and development (R&D) to increase income; reducing selling, general, and administrative (SG&A) expenses to increase income; timing of income recognition from the disposal of long-lived assets and investments; and cutting prices to boost sales in the current period and/or overproducing to decrease cost of ...
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作者：Peek, Erik; Cuijpers, Rick; Buijink, Willem
作者单位：Maastricht University; Tilburg University
摘要：In this study we investigate whether the importance of accounting information in contracting and communication with shareholders and creditors affects earnings timeliness in publicly disclosed general-purpose financial statements. To operationalize the relationship between timeliness demands and the importance of accounting information to shareholders and creditors, we compare the ( asymmetry in) earnings timeliness of public firms with that of private firms. We attribute public versus private...
