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作者：Beardsley, Erik L.; Mayberry, Michael A.; McGuire, Sean T.
作者单位：University of Notre Dame; State University System of Florida; University of Florida; Texas A&M University System; Texas A&M University College Station
摘要：This study investigates how sophisticated market participants use tax-based information by examining whether analysts' street effective tax rates (ETRs) are informative. When assessing firm performance, analysts exclude items they believe do not reflect current performance, resulting in street metrics such as street ETR. However, evidence on the properties of the components of street earnings is limited. Examining the informativeness of street ETRs is important because taxes are a significant ...
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作者：Gimbar, Christine; Mercer, Molly
作者单位：DePaul University
摘要：To effectively manage audit risk, auditors must correctly predict the potential litigation and reputation consequences associated with inaccurate accounting estimates. Accurate predictions are critical because underestimation of negative consequences leads to excess legal exposure and overestimation leads to overauditing. Our paper examines whether auditors correctly anticipate these litigation and reputation outcomes. We provide manager- and partner-level auditors with case facts from an audi...
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作者：Ramalingegowda, Santhosh; Utke, Steven; Yu, Yong
作者单位：University System of Georgia; University of Georgia; University of Connecticut; University of Texas System; University of Texas Austin
摘要：This study examines the relation between earnings management and block ownership of same-industry peer firms by a common set of institutional investors (common institutional ownership). This relation is important given the tremendous growth of common institutional ownership and the significant influence of blockholders on financial reporting. We hypothesize that common institutional ownership mitigates earnings management by enhancing institutions' monitoring efficiency and by encouraging inst...
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作者：Chahed, Yasmine
作者单位：University of Manchester; Alliance Manchester Business School; University of London; London School Economics & Political Science
摘要：How is it possible that British policymakers resisted market-based measurement for decades while financial economic concepts of decision making and valuation still gained widespread acceptance as a justification for accounting standard setting? This study introduces the concept of technologies of financialization to develop the theorizing of the rise of finance in the domain of accounting. Based on a genealogical history of narrative reporting in the United Kingdom, it demonstrates how referen...
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作者：Hardies, Kris; Lennox, Clive; Li, Bing
作者单位：University of Antwerp; University of Southern California; City University of Hong Kong
摘要：Prior research finds that women receive lower salaries than men. Similarly, we show that female audit partners in Belgium receive significantly lower compensation than male partners. However, there are alternative explanations for the pay gap other than gender discrimination. For example, the gap in compensation could reflect that men are paid more because they have higher levels of productivity. We provide new predictions and tests of gender discrimination by comparing the fees generated by a...
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作者：Yeo, Feng
作者单位：University of South Carolina System; University of South Carolina Columbia
摘要：I conduct an experiment with senior executives (CEOs, CFOs, controllers) to examine how their risk disclosure quality, with respect to disclosure volume and specificity, is influenced by three factors: first, whether the disclosure behavior is framed internally by the firm as obtaining a gain or avoiding a loss from disclosure; second, whether the external disclosure regime mandates risk mitigation disclosures that explain how a risk is handled; and third, whether the risk under consideration ...
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作者：Kim, Mark P.; Pierce, Spencer R.; Yeung, Ira
作者单位：University of California System; University of California Los Angeles; State University System of Florida; Florida State University; University of British Columbia
摘要：Prior studies find that delayed earnings announcements tend to communicate unfavorable news, and investors react negatively when firms delay earnings announcements. However, these findings do not explain why investors discount delayed earnings, even after controlling for the earnings news, and why firms sometimes announce good news late. Motivated by theory from Trueman (1990) that attempts to explain these phenomena, we examine whether announcement delays indicate earnings management. We pred...
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作者：DeZoort, Todd; Doxey, Marcus; Pollard, Troy
作者单位：University of Alabama System; University of Alabama Tuscaloosa
摘要：This study evaluates whether auditor use of root cause analysis (RCA) for an identified client misstatement affects auditors' assessments of underlying control issues and materiality in an integrated audit setting. We also test whether auditor cognitive style moderates these effects given prior findings that a misfit between task structure and cognitive style undermines performance. This research is motivated by concerns about integrated audit quality and auditors failing to consider control d...
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作者：Ke, Bin; Zhang, Xiaojun
作者单位：National University of Singapore; Peking University
摘要：We examine the efficacy of public enforcement in weak investor protection countries by examining the outcomes of a comprehensive public enforcement campaign in China. The campaign, launched in 2007, was designed to help enforce China's first mandatory Corporate Governance Code, issued in 2002. The 2007 campaign was characterized by several important features: (i) the campaign required firms to identify their problems before the securities regulators conducted on-site inspections; (ii) the camp...
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作者：Tang, Michael; Wang, Rencheng; Zhou, Yi
作者单位：State University System of Florida; Florida International University; Singapore Management University; Fudan University
摘要：This study examines how managers' use of expectation management is affected by their labor market mobility, which we measure by the enforceability of noncompete provisions in their employment contracts. Exploiting quasinatural experiments, our difference-in-differences analyses provide new causal insights to the growing literature on how managers' career concerns affect their disclosure choices. Consistent with a less mobile labor market imposing more pressure on managers to achieve earnings e...
