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作者：Bonsall, Samuel B.; Koharki, Kevin; Neamtiu, Monica
作者单位：Purdue University System; Purdue University; City University of New York (CUNY) System; Baruch College (CUNY)
摘要：This study examines whether credit default swap (CDS) trading initiation can serve as a disciplining mechanism for leading credit rating agencies. Specifically, we investigate whether rating agencies improve their rating quality when an alternative source of credit risk information from CDS threatens to expose inaccuracies in their ratings. Understanding potential drivers of credit rating quality is important given the prominence of credit rating agencies as debt market gatekeepers and percept...
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作者：Chung, Philip Keunho; Geiger, Marshall A.; Paik, Daniel Gyung; Rabe, Collin
作者单位：Christopher Newport University; University of Richmond
摘要：Prior earnings management research often focuses on specific accounts or on estimations of discretionary accruals but provides only limited insight into the methods firms actually use to manage earnings. In order to begin exploration of some of the operational details regarding how earnings are managed, we investigate whether firms time their decisions to make changes in accounting estimates (CAEs) in consideration of their earnings benchmarks. Using CAE data across all accounts from 2006 to 2...
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作者：Modell, Sven
作者单位：University of Manchester; Norwegian School of Economics (NHH); University of Turku
摘要：Adopting a Lakatosian perspective, this paper asks whether management accounting (MA) research using institutional theory can be described as a degenerative or progressive research program. Motivated by similar critical debates about the larger institutional research program in organization studies, I map the evolution of institutional research on MA with an eye to its theoretical contributions to the accounting literature as well as this larger research program. I conclude that this body of r...
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作者：Franco, Francesca; Urcan, Oktay
作者单位：Bocconi University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We study executive equity contributions to nonqualified deferred compensation plans, which consist of the election to defer part or all of the executive's annual base salary and other cash pay into the company's stock. These transactions provide executives with an alternative channel to purchase shares in the firm while benefiting from an affirmative defense against illegal insider-trading allegations. Using a large sample of executive equity deferrals over 2000-2014, we find evidence that exe...
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作者：Sharma, Divesh S.; Singh, Madhukar K.; Patel, Arvind
作者单位：University System of Georgia; Kennesaw State University; Australian National University
摘要：We examine whether audit firm alma mater ties between the auditor and the audit committee (AC) are associated with significantly greater nonaudit services (NAS) provided by the auditor. We further examine whether greater NAS in the presence of such alma mater ties are associated with audit quality. Since the AC is responsible for approving and monitoring the services provided by the auditor, the presence of AC and auditor alma mater ties underscores the controversies surrounding such ties' und...
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作者：Eulerich, Marc; Pawlowski, Justin; Waddoups, Nathan J.; Wood, David A.
作者单位：University of Duisburg Essen; University of Denver; Brigham Young University
摘要：The ability to develop bots to automate tasks and processes using robotic process automation (RPA) is receiving significant attention in accounting. Auditors often struggle to know what tasks to automate and how to prioritize bot development. Drawing upon socio-technical systems (STS) theory and using a design science methodology, we develop and validate a three-step evaluation framework to assist auditors as they decide what activities to automate. We validate this framework using interviews,...
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作者：Way, Dan
作者单位：Clemson University
摘要：Collusion between managers who share private information represents a significant control concern for firms. Prior research suggests that mutual monitoring contracts that incentivize honest reporting do not prevent all collusion, making it important to understand how elements of the control environment may facilitate collusion, as well as how control choices-and collusion itself-affect subsequent behavior within the firm. Results of two experiments show that the frequency of collusion between ...
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作者：Ege, Matthew; Seidel, Timothy A.; Sterin, Mikhail; Wood, David A.
作者单位：Texas A&M University System; Texas A&M University College Station; Brigham Young University; Texas State University System; Texas State University San Marcos
摘要：We examine whether firms with managers that have prior internal audit experience are less likely to manage earnings. This examination is important because the internal audit function (IAF) is uniquely positioned to provide experiences that could influence future managerial behavior, including limiting the potential negative repercussions of earnings management. We find that firms with managers that have internal audit experience are associated with lower real earnings management (REM) but not ...
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作者：Kim, Jeong-Bon; Lee, Edward; Zhu, Zhenmei (Judy)
作者单位：City University of Hong Kong; University of Manchester; Alliance Manchester Business School; Fudan University
摘要：Unlike prior research that focuses on determinants of firm-specific stock price crashes (SPCs), we study the consequences of SPCs on market information efficiency. The tension underlying our research question stems from two competing explanations. As an unanticipated shock, an SPC could stimulate (distort) information efficiency by triggering investor rational attention (opinion divergence). Our identification strategy involves a difference-in-differences analysis in which SPC firms in the tre...
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作者：Li, Xing; Tan, Qin
作者单位：Xi'an Jiaotong University; City University of Hong Kong
摘要：This paper examines the pricing efficiency of 8-K filings for events other than earnings announcements. Since these filings provide timely information that is material to investors and explain variations in quarterly returns to a degree similar to other disclosures, understanding how the stock price absorbs their information is important for investors, regulators, and academics. By testing the statistical correlation between the immediate stock returns in response to these filings and subseque...
