Contemporary Accounting Research

最新文章

• Coordinating effort under team-based and individual incentives: An experimental analysis AI翻译
  作者：Rankin, FW
  作者单位：Washington University (WUSTL)
  摘要：This paper explores the behavior of workers in an environment where it is efficient to engage in the mutual exchange of help. Experimental data show that output and workers' payoffs are greater under team-based incentives than under individual incentives in an environment where coordination is difficult. However, when the environment is more conducive to coordination (that is, a setting where agents interact repeatedly), output and payoffs are greater under individual incentives. Manipulation ...
• The declining value-relevance of accounting information and non-information-based trading: An empirical analysis AI翻译
  作者：Dontoh, A; Radhakrishnan, S; Ronen, J
  作者单位：New York University; University of Texas System; University of Texas Dallas
  摘要：Recently, a growing body of literature has suggested that financial statements have lost their value-relevance because of a shift from a traditional capital-intensive economy to a high-technology, service-oriented economy. These conclusions are based on studies that find a temporal decline in the association between stock prices and accounting information (earnings and book values). This paper empirically tests a theoretical prediction arising from the noisy rational expectations equilibrium m...
• How are earnings managed? An examination of specific accruals AI翻译
  作者：Marquardt, CA; Wiedman, CI
  作者单位：New York University; Western University (University of Western Ontario)
  摘要：There is relatively little evidence on the specific accruals used to manage earnings. This paper examines this issue by considering the use of specific accruals in three earnings-management contexts: equity offerings, management buyouts, and firms avoiding earnings decreases. We argue that the costs of managing earnings through different income statement items vary and that the benefits of earnings management through each of these items depend on the context. We thus make differential predicti...
• Are fundamentals priced in the bond market? AI翻译
  作者：Khurana, IK; Raman, KK
  作者单位：University of Missouri System; University of Missouri Columbia; University of North Texas System; University of North Texas Denton
  摘要：To date, the discussion of the Lev and Thiagarajan 1993 fundamentals in the prior literature has been exclusively in the context of the stock market. Our study is the first to examine the value-relevance of these fundamentals for default risk. By focusing on the market for new bond issues, we examine the value-relevance of the fundamental score using expected rather than realized returns. Also, by focusing on the bond market we provide a different perspective than that brought by prior studies...
• Discussion of Improving financial reports by revealing the accuracy of prior estimates AI翻译
  作者：Petroni, KR
  作者单位：Michigan State University
• Auditor conservatism, asymmetric monitoring, and earnings management AI翻译
  作者：Kim, JB; Chung, R; Firth, M
  作者单位：Hong Kong Polytechnic University
  摘要：In this paper, we investigate whether, and how, audit effectiveness differentiation between Big 6 and non-Big 6 auditors is influenced by a conflict or convergence of reporting incentives faced by corporate managers and external auditors. In so doing, we incorporate into our analysis the possibility that managers self-select both external auditors and discretionary accruals, using the two stage treatment effects model. Our results show that only when managers have incentives to prefer income-i...
• Discussion of Independence in appearance and in fact: An experimental investigation AI翻译
  作者：Zhang, P
  作者单位：University of Toronto
• Analyst following and market liquidity AI翻译
  作者：Roulstone, DT
  作者单位：University of Chicago
  摘要：This paper investigates the relation between analyst characteristics (number of analysts following a firm and their forecast dispersion) and market liquidity characteristics (bid-ask spreads and depths and the adverse-selection component of the spread). Prior research has found contradictory results on the relation between analyst following and market liquidity and has offered differing theories on how analysts affect liquidity. While prior research has posited analysts as proxies for privatel...
• Discussion of Do investors overrely on old elements of the earnings time series? AI翻译
  作者：Hopkins, PE
  作者单位：Stanford University; Indiana University System; Indiana University Bloomington
• Exploring diversity in accounting through faculty journal perceptions AI翻译
  作者：Ballas, A; Theoharakis, V
  作者单位：Athens University of Economics & Business
  摘要：The accounting research community has frequently been described as being both diverse and focused on local issues. At the same time, increasing pressure is being placed on researchers to publish in internationally highly regarded journals. Since faculty evaluations depend on journal rankings, such rankings need to take into account the diversity of the research community. Therefore, this study examines how contextual factors such as a researcher's location and research orientation may influenc...