Contemporary Accounting Research

最新文章

• The influence of client incivility and coping strategies on audit professionals' judgments AI翻译
  作者：Bauer, Tim D.; Hillison, Sean M.; Mokhtar, Ala
  作者单位：University of Waterloo; Virginia Polytechnic Institute & State University; McMaster University
  摘要：Prior research demonstrates that audit professionals encounter client incivility. We extend this research by examining whether client incivility negatively impacts auditors' judgments and whether any adverse effects are reduced when auditors use coping strategies. We first collect descriptive survey evidence revealing that client incivility toward auditors is more widespread than currently documented. Next, using an experiment, we predict and find that auditors who experience client incivility...
• Relative performance information, advice-seeking, and trust in the manager AI翻译
  作者：Cheng, Ta-Tung (Stephanie)
  作者单位：University of Wyoming
  摘要：In this paper, I conduct three experiments to investigate whether and how relative performance information (RPI) influences employee advice-seeking and how advice-seeking, in turn, affects employees' trust in their manager. The first experiment shows that, in a setting where the manager can provide useful advice, RPI increases advice-seeking frequency, which is marginally positively associated with trust in the manager. The second experiment indicates that RPI increases advice-seeking frequenc...
• Cost-benefit trade-offs in acquirers' goodwill valuations AI翻译
  作者：Koonce, Lisa; Toynbee, Sara; White, Brian J.
  作者单位：University of Texas System; University of Texas Austin; Cornell University
  摘要：Academic and anecdotal evidence suggests that acquirers prefer to record higher goodwill values in business combinations so they can benefit from higher post-acquisition earnings when goodwill is only tested for impairment. We conduct multiple experiments to test the hypothesis that this perspective ignores two costs that acquirers may also consider. Specifically, goodwill generally carries negative market perceptions and is associated with a risk of costly future impairment losses. Our result...
• Following the blind? Database coding policies and the case of IFRS noncompliance AI翻译
  作者：Alsarghali, Sara; Daske, Holger; Jada, Hala; Labonte, Makiko
  作者单位：University of Mannheim
  摘要：We present a case illustrating the pitfalls of insufficient disclosure of commercial databases' coding policies. We replicate the finding in the literature that a nontrivial percentage of firms mandated to adopt IFRS ignore this obligation. Specifically, Pownall and Wieczynska (2018, Contemporary Accounting Research, 35(2), 1029-1066) report more than 3,000 cases, or 10% of all mandated firms in the European Union. When using primary data sources (applicable local regulations and firms' annual...
• Out of the vacuum: The effect of tax liability changes on compliance in the presence of withholding position and group affiliation AI翻译
  作者：Austin, Chelsea Rae; Schmitt, Donna Bobek; Seifert, Spenser G.
  作者单位：University of South Carolina System; University of South Carolina Columbia; University of Bern
  摘要：Prior research has established that tax liability increases lead to decreased compliance. However, tax liability changes do not happen in a vacuum. Notably, prior research has also identified a withholding phenomenon: individuals in a tax due position are less compliant than those in a refund position. Additionally, tax law changes are often enacted in politically polarized environments. We examine how three factors-tax liability changes, withholding position, and group affiliation-combine to ...
• Individual or team analyst reports? The organization of analyst research activities AI翻译
  作者：Chen, Xia; Jia, Ning; Wang, Dan
  作者单位：Singapore Management University; Tsinghua University; University of International Business & Economics
  摘要：Given the importance of research resource allocation within brokerage firms, we examine key factors that influence the issuance of individual versus team analyst reports. Using a comprehensive sample of analyst reports from China for the 2008-2021 period, we find that this decision is influenced by (1) the brokerage firm's client interests, whereby firms held by the brokerage firm's mutual fund clients and firms that are the brokerage firm's underwriting clients receive more team than individu...
• The consequences of expanded audit reports for small and risky companies AI翻译
  作者：Gutierrez, Elizabeth; Minutti-Meza, Miguel; Tatum, Kay W.; Vulcheva, Maria
  作者单位：Universidad de Chile; University of Miami; State University System of Florida; Florida International University
  摘要：The United Kingdom mandated expanded audit reports in two waves, starting in 2013 and 2017, respectively. Prior studies of the first wave, which included large and highly regulated companies, concluded that expanded reports have limited incremental value. We focus on the second wave, which included companies listed on the Alternative Investment Market (AIM). The AIM is characterized by emerging companies that are smaller, riskier, and subject to lighter regulatory requirements and to private m...
• Deferred compensation, managerial retirement, and the stewardship perspective of financial accounting AI翻译
  作者：Schaefer, Ulrich; Pelger, Christoph
  作者单位：University of Vienna; University of Passau; Norwegian School of Economics (NHH)
  摘要：Deferred compensation is often proposed as an instrument to prevent managerial myopia. However, empirical studies show that its practical use is limited when it comes to managerial retirement. We study the optimal design of accounting-based deferred compensation for retiring managers. While deferred compensation is useful in establishing long-term incentives, it causes contracting frictions in subsequent periods. Deferred bonuses of retiring managers imply inefficiently weak incentives for inc...
• Does audit partner individualism reduce client earnings comparability? Evidence from the United States AI翻译
  作者：Kim, Young Hoon; Li, Yinghua; Wang, Dechun
  作者单位：George Mason University; Arizona State University; Arizona State University-Tempe; Texas A&M University System; Texas A&M University College Station; Mays Business School
  摘要：We examine whether audit partner individualism reduces earnings comparability in the United States. We argue that individualistic audit partners are more likely to deviate from internal working rules and allow clients more flexibility in making accounting choices, consequently decreasing their clients' earnings comparability. Using a novel partner-level measure of individualism, we find that within individual Big 4 audit firms, earnings are less comparable between a company audited by an indiv...
• How do hedge fund activists use and affect financial reporting of income taxes? Evidence from the valuation allowance for deferred tax assets AI翻译
  作者：Cowx, Mary; Glenn, Jennifer L.; Kielty, Patrick; Mcguire, Sean T.
  作者单位：Arizona State University; Arizona State University-Tempe; University System of Ohio; Ohio State University; Texas A&M University System; Texas A&M University College Station; Mays Business School
  摘要：This study uses valuation allowances (VAs) for deferred tax assets to examine whether hedge fund activists (HFAs) use and affect financial reporting of income taxes. Specifically, we investigate whether HFAs target firms with VAs and whether target firms are more likely to release VAs post-intervention. We find that the existence, magnitude, and increases in VAs increase the marginal probability that HFAs will target a firm by between 12% and 24%. We also find that target firms are 4.6% more l...