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作者：Chen, Long; Liao, Chih-Hsien; Tsang, Albert; Yu, Li
作者单位：George Mason University; National Taiwan University; Southern University of Science & Technology; Nankai University
摘要：The literature on corporate social responsibility (CSR) disclosure focuses on its economic consequences, but little is known about motivations-especially CEO personal incentives-behind such disclosure. Using an array of CSR reporting measures, we find that career concerns of CEOs early in their tenure motivate them to use voluntary CSR reporting as a signaling mechanism. The negative association between CEO tenure and CSR reporting is more pronounced in firms with stronger information intermed...
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作者：Bertomeu, Jeremy; Cheynel, Edwige
作者单位：Washington University (WUSTL)
摘要：We present a model in which investment capacity is reallocated in response to aggregate shocks and examine the resulting general equilibrium effects. The theory predicts a positive association between aggregate liquidity shocks, cost of capital, and conservative accounting. When capital becomes scarce, the accounting system is designed to preserve collateral, which depletes the supply of traded capital and leads to a higher cost of capital. The economy may accelerate small shocks with large (d...
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作者：Arnold, Markus; Artz, Martin; Grasser, Robert A.
作者单位：University of Bern; University of Munster; University of South Carolina System; University of South Carolina Columbia
摘要：This study investigates when and why intrayear bonus target revisions occur. This is important as intrayear target revisions occur regularly in practice but are not well understood. Specifically, we analyze two potential drivers of intrayear bonus target revisions: reduced managerial incentives owing to managers dropping out of the incentive zone of their piecewise defined bonus function and potential spillovers from planning target revisions that reflect changes in performance expecta-tions d...
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作者：Imdieke, Andrew J.; Li, Chan; Zhou, Shan
作者单位：University of Notre Dame; University of Kansas; University of Sydney
摘要：This study examines whether auditors' evaluation and reporting of firms' internal control over financial reporting (ICFR) affects firm operational efficiency. Prior research indicates that the strength of internal controls is positively associated with economic benefits. However, notwithstanding the underlying strength of controls, whether the mere presence of an ICFR audit provides similar economic benefits is unclear. We predict and find that small firms with ICFR audits have significantly h...
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作者：Krishnan, Ranjani; Ramasubramanian, Hari
作者单位：Michigan State University; Frankfurt School Finance & Management
摘要：Clinical labs belong to a mature industry and fulfill a critical function in the health-care value chain. We examine factors that influence the opportunity, motivation, and ability to learn in clinical labs. We hypothesize that with respect to learning about cost: (i) organizational design, such as the extent of outsourcing can impede the opportunity to learn, (ii) quality focus (measured by mortality rates and length of stay (LOS)) can reduce the motivation to learn, and (iii) related task va...
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作者：Pisciotta, Kevin
作者单位：University of Kansas; University of Kansas
摘要：I examine how changes in analysts' workloads affect their information production. Examining determinants of analysts' information production is important because analyst research affects stock prices and capital allocation decisions. Using periods when analysts work on IPOs to proxy for shocks to their workloads, I predict and find that the accuracy, quantity, and timeliness of analysts' forecasts for non-IPO firms decline when they are working on IPOs, and they herd closer to the consensus. T...
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作者：Dyreng, Scott D.; Gaertner, Fabio B.; Hoopes, Jeffrey L.; Vernon, Mary E.
作者单位：Duke University; University of Wisconsin System; University of Wisconsin Madison; University of North Carolina; University of North Carolina Chapel Hill; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Duke University
摘要：We quantify the immediate net effect of the Tax Cuts and Jobs Act (TCJA) on the tax burden of corporate profits for public US corporations. We find similar reductions in effective tax rates for domestic and multinational firms, yet the entirety of multinational tax savings stemmed from tax savings on their domestic, not foreign, earnings. We find no significant change in the federal tax burden on foreign earnings neither on average norspecifically for firms most likely to be subject to new ant...
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作者：Orthaus, Selina; Pelger, Christoph; Kuhner, Christoph
作者单位：University of Cologne; University of Passau; Norwegian School of Economics (NHH)
摘要：The recent revisions of conceptual frameworks (CFs) by the IASB and the FASB included changes to the status of prudence/conservatism, accompanied by a broader debate about the meaning and role of asymmetry in financial accounting theory (FinAT). This paper adopts a historical perspective to identify possible sources of the current controversies by examining how the discourse on asymmetry has developed over time. For this purpose, we trace the conceptualization of asymmetry in FinAT building fr...
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作者：Brown, Stephen V.; Ma, Guang; Tucker, Jennifer Wu
作者单位：University of Connecticut; Rutgers University System; Rutgers University New Brunswick; State University System of Florida; University of Florida
摘要：We propose financial statement similarity as a measure of financial reporting comparability. The firm-pair version of our measure reflects the degree to which two firms report similar relations within their financial statement items; this version can help managers and market participants identify peer firms. The firm-year version of our measure reflects the degree to which a firm reports financial statement relations that are similar to other members of its industry; this version can help mark...
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作者：Wiedman, Christine; Zhu, Chunmei
作者单位：University of Waterloo; Chinese University of Hong Kong
摘要：The stated goal of the SEC Whistleblower Program introduced as part of the Dodd-Frank Act was to deter securities violations and thereby to strengthen investor protection. We document significant reductions in the likelihood of financial reporting fraud by US firms following the introduction of this program. The reductions are robust to controlling for other regulatory changes in the Dodd-Frank Act and economic trends. Given that employees of firms with weaker internal compliance and reporting...
