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作者：Wiegmann, Leona; Petrikowski, Lukas; Goretzki, Lukas
作者单位：Monash University; WHU - Otto Beisheim School of Management; Stockholm School of Economics
摘要：Focusing on multidivisional companies, this paper analyzes the hardening of local forecasts at the intersection of business units (BUs) and the corporate finance function. It investigates how BU controllers, accountable to both local management and the corporate finance function, seek to establish themselves as competent and trustworthy forecasters vis-a-vis their functional superiors. Drawing on Goffman's dramaturgical sociology, we demonstrate how these encounters constitute episodes in a mu...
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作者：Chen, Clara Xiaoling; Wang, Laura W.; Wu, Anne; Wu, Steve Yuching
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; National Chengchi University; Western University (University of Western Ontario)
摘要：Penalty contracts are commonly utilized in developing countries. Such contracts may be perceived as unfair, potentially reducing employee motivation and performance. We predict that adding a second-chance provision, an opportunity to reverse a penalty for poor performance if subsequent performance improves, could improve the effectiveness of penalty contracts. In a quasi field experiment at a company with two manufacturing facilities in Taiwan, we treated one facility with a traditional-penalt...
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作者：Huang, Yuqin; Li, Feng; Li, Tong; Lin, Tse-Chun
作者单位：Central University of Finance & Economics; Peking University; Xiamen University; Xiamen University; University of Hong Kong; National Taiwan University
摘要：We examine the information asymmetry between local and nonlocal investors with a large dataset of stock message board postings. We document that abnormal relative postings of a firm, that is, unusual changes in the volume of postings from local versus nonlocal investors, capture locals' information advantage. This measure positively predicts firms' short-term stock returns as well as those of peer firms in the same city. Sentiment analysis shows that posting activities primarily reflect good n...
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作者：Choi, Diana
作者单位：Purdue University System; Purdue University
摘要：This study investigates the effects of audit committee financial expertise on the timeliness of banks' loan loss provisions. I employ two regulatory shocks that mandated audit committee expertise-the Federal Deposit Insurance Corporation Improvement Act in 1991 (FDICIA) and a modified listing standard for NYSE and NASDAQ firms in 1999-as quasi-exogenous settings to investigate the effects of audit committee financial expertise on the timeliness of loan loss provisioning. Using a difference-in-...
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作者：Agndal, Henrik; Nilsson, Ulf
作者单位：University of Gothenburg; Sabanci University
摘要：Extant management accounting research has conceptualized the interplay between trust, distrust, and open-book accounting (OBA) as a relationship-level phenomenon, largely ignoring that inter-organizational relationships are often complex entities that comprise multiple arenas of exchange where (dis)trust and OBA can interact in different-and potentially contradictory-ways. To address this theoretical oversight, we draw on relational exchange theory to propose that (dis)trust largely forms with...
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作者：Ege, Matthew; Kim, Young Hoon; Wang, Dechun
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; George Mason University
摘要：Public accountants are in high demand by non-accounting firms. While this demand attracts high-quality accountants to public accounting, it can negatively impact audit quality by distracting auditors. We find that the number of metropolitan statistical area-level busy season job postings for public accountants by non-accounting firms is positively associated with misstatements. Results are most pronounced (1) when outside job opportunities are from non-publicly traded companies, which likely p...
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作者：Lem, Katie W.
作者单位：University System of Ohio; Ohio State University
摘要：I examine whether a strategic focus on data analytics is associated with improvements in firms' internal information quality. Using textual analysis of firm disclosures to identify a data analytics strategy, I first document that firm, leadership, and operating environment characteristics are all important determinants of the decision to adopt a data analytics strategy. I next use operating and financial reporting outcomes to infer whether a data analytics strategy improves internal informatio...
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作者：Brown, Jason L.; Sprinkle, Geoffrey B.; Way, Dan
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Villanova University
摘要：Firms allocate significant amounts of common costs, and these allocations have implications for performance evaluation and remuneration. Non-insulating cost allocations distribute costs based on same-period relative performance, creating a contemporaneous interdependence between managers that in turn adds uncertainty to the link between effort and performance. In contrast, insulating cost allocations are independent of relative performance during the period and can thus be determined with grea...
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作者：Cikurel, Deni
作者单位：DePaul University
摘要：This study investigates how using technologies that increase the perceived ease of information access, such as search engines, can affect investors' judgments. Relying on the Google effect theory, I predict that using a search engine to access financial information will lead to shallower processing of that information, causing earnings fixation. The results of three experiments support this prediction and the theoretical process. Specifically, investors who access financials via a search engin...
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作者：Donohoe, Michael P.; Gale, Brian T.; Mayberry, Michael A.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Washington; University of Washington Seattle; State University System of Florida; University of Florida; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We examine shareholders' perceptions about how external tax advisors contribute to corporate tax planning. As residual claimants of corporate tax planning, shareholders benefit from lower corporate taxes, but also bear the financial and reputational costs of subsequent tax enforcement. Despite the influential advisory role of external tax advisors in corporate tax planning, existing research on how shareholders perceive this role is limited. Using event study methods and exploiting the heighte...
