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作者：Miller, Brian P.; Sheneman, Amy G.; Williams, Brian M.
作者单位：Indiana University System; Indiana University Bloomington; University System of Ohio; Ohio State University
摘要：This study examines the impact of control systems on corporate innovation. Innovation is key to firm performance and growth, allowing corporations to stay competitive in their industry. We expect control systems to improve information flows within the firm by allowing managers to better identify and patent their most valuable intellectual property. Despite our prediction that control systems positively impact innovation, a priori, this relation is unclear as these same control systems may crea...
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作者：Elschner, Christina; Hardeck, Inga
作者单位：European University Viadrina Frankfurt Oder; University of Regensburg
摘要：This study investigates the influence of three interest groups-businesses, the tax profession, and civil society-on tax rules in the context of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) project. Our study is important as prior research has not examined the direct influence of various interest groups on the content of tax rules by means of comment letters. Using content analysis, we seek to explain the lobbying success of the diffe...
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作者：Zou, Youli
作者单位：University of Connecticut
摘要：This study provides evidence that hedge accounting information under Statement of Financial Accounting Standards (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities, is related to rivals' market entry decisions. Documenting accounting information's relevance to competition decisions requires context-specific settings. Using data for the airline industry in the United States, I predict and find that entrants are less likely to enter routes in which incumbents report higher ...
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作者：Fan, Yangyang; Gunn, Joshua L.; Li, Chan; Shao, Jun
作者单位：Hong Kong Polytechnic University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Kansas; Shanghai Lixin University of Accounting & Finance
摘要：We examine the effects of corporate networks involving common directors and auditors (i.e., connections creating single or double ties between companies) on two important monitoring roles: financial reporting quality and auditor dismissal decisions. We also investigate how shocks to the networks, in the form of the audit failing to detect misstatements, affect these networks' structure. The investigations are important because these networks can have significant effects on firm governance and ...
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作者：Enache, Luminita; Li, Lynn; Riedl, Edward J.
作者单位：University of Calgary; Boston University
摘要：This study examines the effect of regulatory approval on a firm's voluntary product-level disclosures. We focus on the US biotechnology industry, a setting that allows direct observation of whether firms disclose more information as products proceed through well-defined-though successively more complex and costly-regulatory hurdles. Consistent with predictions motivated by biotech firms' need to repeatedly raise capital, we find that firms disclose more as their products move to later stages i...
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作者：Klein, April; Manini, Raffaele; Shi, Yanting (Crystal)
作者单位：New York University; University of Warwick; European Corporate Governance Institute; Pompeu Fabra University
摘要：One of the prime responsibilities of the board of directors is to understand and oversee its firm's risk profile. We exploit a recent European Union (EU) regulation, the General Data Protection Regulation (GDPR), as a quasi-exogenous shock to the cyber risk landscape to assess whether boards of US firms changed their focus and governance structures to deal with this new challenge. The GDPR encompasses a sweeping set of regulations aimed at protecting EU citizens from unwanted uses of their per...
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作者：Liu, Xiaotao Kelvin; Van Peteghem, Mathijs
作者单位：Northeastern University; Maastricht University
摘要：We examine whether management faultlines (i.e., dissimilar groupings among executives) are related to management forecast processes and outcomes. Management faultlines are formed based on the simultaneous alignment of senior executives' demographic characteristics (e.g., an MBA background, elite school education, gender, board experience, age, or tenure). We argue that management faultlines impede information sharing, create conflicts, and divert managerial attention away from common-goal task...
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作者：Guo, Feng; Lisic, Ling Lei; Pittman, Jeffrey; Seidel, Timothy A.; Zhou, Mi; Zhou, Ying
作者单位：Iowa State University; Virginia Polytechnic Institute & State University; Memorial University Newfoundland; Brigham Young University; Virginia Commonwealth University; University of Connecticut
摘要：Although recent evidence suggests that individual audit partners explain a substantial portion of the variation in audit quality proxies, much less is known about what determines an audit partner's quality. Psychology and behavioral economics theories hold that an individual's experiences can have enduring impacts on subsequent behavior. We examine whether auditors' direct exposure to Arthur Andersen's collapse has a long-term impact on the quality of their audits. Our evidence implies that au...
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作者：David, Parthiban; Duru, Augustine; Lobo, Gerald J.; Maharjan, Johan; Zhao, Yijiang
作者单位：American University; University of Houston System; University of Houston; Rensselaer Polytechnic Institute
摘要：We examine how the threat of exit by non-blockholders (investors with ownership <5%) relates to firms' income smoothing. Unlike informed blockholders, non-blockholders lack private information and therefore rely more on reported accounting numbers to evaluate firm performance. To isolate the exit threat, we use the unique setting in Japan where strong firm-centric social norms and lack of insider access lead non-blockholding foreign institutions to influence management primarily through the th...
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作者：Mayberry, Michael; Park, Hyun Jong; Xu, Tian
