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作者：Abernethy, Margaret A.; Hung, Chung-Yu; Jiang, Like
作者单位：University of Melbourne
摘要：Building effective corporate culture is challenging as it requires senior managers to embed shared values within the firm. Yet some firms can do so, and some cannot. This study examines whether managers' career preferences influence manager-employee value misalignment and weaken corporate culture. Career preferences for job-hopping provide incentives for managers to signal their leadership quality in the labor market. We capture managers' and employees' attention allocation across different cu...
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作者：Black, Dirk E.; Dikolli, Shane S.; Hofmann, Christian; Pfeiffer, Thomas
作者单位：University of Nebraska System; University of Nebraska Lincoln; University of Virginia; University of Munich; University of Vienna; University of Virginia
摘要：In empirically estimating the relation between CEO compensation and accounting-based firm and peer performance, researchers often define the performance variables net of CEO compensation expense. We analytically show that a researcher's use of CEO compensation as a regression's dependent variable and as an expense in defining a regression's independent variables representing accounting-based firm and peer performance will bias the researcher's pay-for-performance and relative performance evalu...
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作者：Barnes, Beau Grant; Cussatt, Marc; Dalton, Derek W.; Harp, Nancy L.
作者单位：Washington State University; Clemson University
摘要：Despite years of initiatives to improve gender equity in public accounting firms, women continue to be underrepresented at the partner level. Supporting women's aspirations to become partner is important to ensure there are more women in the pipeline of potential partners. However, we argue that challenges during the COVID-19 pandemic are likely to have negative downstream effects on accounting firms' efforts to improve female partner representation. Therefore, using a survey of 192 certified ...
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作者：Hou, Fangfang; Mengistu, Muhabie Mekonnen; Ng, Jeffrey; Zhang, Janus Jian
作者单位：Xiamen University; University of Wollongong; University of Hong Kong; Hong Kong Baptist University
摘要：Credit information sharing allows creditors to obtain borrowers' relevant credit information, and it can improve borrowers' investment outcomes that are funded by debt. Using reforms to European countries' public credit registries (PCRs) to capture mandated information sharing among creditors, we examine the impact of such sharing on firms' investment efficiency. We find that information sharing enhances firms' investment efficiency, which we measure by their investment-q sensitivity. This fin...
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作者：Donahue, Stephanie; Malsch, Bertrand
作者单位：Laval University; Queens University - Canada
摘要：The objective of this research is to better understand experts' contributions to the prospective evaluation of a new audit standard-in this case, key audit matter (KAM) reporting. To this end, we assisted the Canadian Auditing and Assurance Standards Board by leading its consultation of 22 expert financial statement users. The methodology employed to observe our participants' opinions and cognitive processes involves thought protocol and interviews. By analyzing the rhetorical base of experts'...
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作者：Judge, Sarah; Goodson, Brian M.; Stefaniak, Chad M.
作者单位：Indiana University System; Indiana University Bloomington; Clemson University; University of South Carolina System; University of South Carolina Columbia; University of South Carolina System; University of South Carolina Columbia
摘要：In 2017, the PCAOB began requiring audit firm tenure disclosure within the audit report for SEC registrant clients. Many commenters raised the concern that prominent disclosure of firm tenure would lead investors to inappropriately infer a negative relation between audit quality and long tenure. This is particularly troubling given that empirical evidence generally does not support this concern. In our first experiment, we predict and find that disclosing an audit firm's long tenure within the...
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作者：Cowx, Mary; Kerr, Jon N.
作者单位：Arizona State University; Arizona State University-Tempe; Brigham Young University
摘要：The general anti-avoidance rule, or GAAR, is an enforcement mechanism that gives a country's taxing authority broad power to deny a taxpayer tax benefits associated with any transaction. Although GAARs are becoming increasingly common, the presence of a GAAR is generally overlooked by researchers and thus has been left unstudied. In this paper, we provide an initial investigation by studying the effect of GAARs on firm-level corporate tax avoidance behaviors. Using an indicator for the enactme...
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作者：Drujon d'Astros, Caecilia; Morales, Jeremy; Leca, Bernard
作者单位：University of Bristol; ESSEC Business School
摘要：This paper studies accounting and silence. Building on studies of accounting talk and introducing theories of silencing, we highlight the role of accounting silences in the production of engaging organizational conversations. Through a qualitative case study, we identify three forms of silence-the unspeakable, the unsaid, and the inaudible-and their links to accounting. Silences create motivations to engage in further accounting talk, but they also deny certain groups a voice in those conversa...
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作者：Chen, Shenglan; Ma, Hui; Wu, Qiang; Zhang, Hao
作者单位：Zhejiang University of Technology; Zhejiang University of Technology; Shanghai University of Finance & Economics; Hong Kong Polytechnic University; Rochester Institute of Technology; Rochester Institute of Technology
摘要：This paper presents new evidence on the economic benefits arising from common institutional ownership. We find a negative and significant effect of common institutional ownership on stock price crash risk. This effect is robust to a battery of robustness checks and is causal according to some identification tests, including difference-in-differences analyses on financial institution mergers. We find evidence that the negative effect is attributable to the monitoring role of common institutiona...
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作者：Han, Yuqi; Mao, Connie X.; Tan, Hongping; Zhang, Chi
作者单位：Wenzhou-Kean University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; McGill University; University of Massachusetts System; University of Massachusetts Lowell; McGill University
摘要：Using a sample of 30,270 forecasts by 2,280 analysts under a stacked difference-in-differences framework involving 22 major climatic disasters in the United States, we examine the effect of climatic disasters on information production by security analysts, who play a crucial role in the financial market as information intermediaries. We find that earnings forecasts by analysts who experienced a major climatic disaster become less accurate than those by unaffected analysts within 3 months after...
