Contemporary Accounting Research

最新文章

• Discussion of Relative Effects of IFRS Adoption and IFRS Convergence on Financial Statement Comparability AI翻译
  作者：Kabureck, Gary
• Assets and Liabilities: When Do They Exist? AI翻译
  作者：Cade, Nicole L.; Koonce, Lisa; Mendoza, Kim I.
  作者单位：University of Texas System; University of Texas Austin; University of Illinois System; University of Illinois Urbana-Champaign
  摘要：In this paper, we investigate whether the current references to probability in standard setters' conceptual definitions of assets and liabilities cause individuals to believe that the probability of a future transfer of economic benefits must be above some meaningful threshold for an asset or a liability to exist-a belief that is contrary to standard setters' intent. Results of multiple experiments indicate that the majority of individuals do use a high probability threshold to determine asset...
• Spillover Effects of Internal Control Weakness Disclosures: The Role of Audit Committees and Board Connections AI翻译
  作者：Cheng, Shijun; Felix, Robert; Indjejikian, Raffi
  作者单位：Shanghai Jiao Tong University; University System of Maryland; University of Maryland College Park; University System of Maryland; University of Baltimore; University of Michigan System; University of Michigan
  摘要：We find that firms are less likely to report an internal control material weakness (as mandated by the Sarbanes-Oxley Act) in a given year if one of their audit committee members is concurrently on the board of a firm that disclosed a material weakness within the prior three years. We find a similar spillover effect for financial restatement disclosures. The spillover from material weakness disclosures is evident only if a shared director has more experience with the disclosing firm or can cha...
• The Construction of the Efficient Office: Scientific Management, Accountability, and the Neo-Liberal State AI翻译
  作者：Parker, Lee D.; Jeacle, Ingrid
  作者单位：Royal Melbourne Institute of Technology (RMIT); University of Glasgow; University of Edinburgh
  摘要：The office has been a central site of organizational planning, accountability, and control since the 19th century. Yet it has been the subject of relatively little accounting research. Through the dual theoretical lenses of Foucaultian and Labour Process theories, this study employs historical photo-elicitation methodology to investigate the implementation of management control and accountability in the scientifically managed office which emerged in the United States during the late 19th and e...
• The Effect of Environmental Risk on the Efficiency of Negotiated Transfer Prices AI翻译
  作者：Arnold, Markus C.; Gillenkirch, Robert M.; Hannan, R. Lynn
  作者单位：University of Bern; University Osnabruck; Tulane University
  摘要：This study investigates whether environmental risk affects the efficiency of negotiated transfer prices. We analyze a setting where the buyer faces environmental risk but the seller does not. From the risk-neutral firm's perspective, the transfer should be made in our setting because the expected value of the buyer's profit is greater than the certain opportunity cost of the seller from the transfer. We develop hypotheses to predict that, as environmental risk increases, it becomes more diffic...
• Nonrecurring Items in Debt Contracts AI翻译
  作者：Beatty, Anne; Cheng, Lin; Zach, Tzachi
  作者单位：University System of Ohio; Ohio State University; University of Arizona
  摘要：Using a large sample of debt contracts, we study the determinants of excluding nonrecurring items from covenant calculations. We investigate this choice across firms, across items, and through time. We find that nonrecurring items are more likely to be excluded when the agency costs of debt are higher and less likely to be excluded when they predict borrowers' performance. Our evidence further suggests that the interplay between agency costs and nonrecurring items' predictive ability affects t...
• Earning the Write to Speak: Sell-Side Analysts and Their Struggle to Be Heard AI翻译
  作者：Spence, Crawford; Aleksanyan, Mark; Millo, Yuval; Imam, Shahed; Abhayawansa, Subhash
  作者单位：University of London; King's College London; University of Glasgow; University of Warwick; University of Melbourne; Swinburne University of Technology
  摘要：This paper explores the ways in which sell-side (SS) financial analysts seek to position themselves advantageously within the wider field of investment advice in spite of widespread skepticism over the value that their forecasts and recommendations add to investment decisions. The field of investment advice has been characterized in recent years by a number of regulatory and technological changes that have forced SS analysts to reconstitute the ways in which they influence the investment decis...
• Controls and Cooperation in Interactive and Non-Interactive Settings AI翻译
  作者：Garrett, Jace B.; Livingston, Jeffrey A.; Tayler, William B.; Cade, Nicole L.; McVay, Sarah E.
  作者单位：Clemson University; Bentley University; Brigham Young University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Washington; University of Washington Seattle
  摘要：Prior research finds that controls that induce cooperation among collaborators on a project increase trust, and that this increased trust increases subsequent cooperation among collaborators. We extend this work by investigating how controls influence cooperative behavior in two settings. The first is an interactive setting where people work together and can benefit from each other's work. The second is a non-interactive setting where people do not work together directly but where behavior can...
• An Incomplete Audit at the Earnings Announcement: Implications for Financial Reporting Quality and the Market's Response to Earnings AI翻译
  作者：Marshall, Nathan T.; Schroeder, Joseph H.; Yohn, Teri Lombardi
  作者单位：University of Colorado System; University of Colorado Boulder; Indiana University System; Indiana University Bloomington; Northwestern University
  摘要：There has been a substantial increase, since 2004, in the number of firms that announce annual earnings before audit completion as opposed to after audit completion. In this study, we argue that earnings announced before audit completion are associated with lower financial reporting quality and investor perceptions that earnings are more likely to be overstated. Consistent with this expectation, we document that the market places more (less) weight on good (bad) earnings news for earnings anno...
• Trade-offs between Tax and Financial Reporting Benefits: Evidence from Purchase Price Allocations in Taxable Acquisitions AI翻译
  作者：Lynch, Daniel; Romney, Miles; Stomberg, Bridget; Wangerin, Daniel; Robinson, John R.
  作者单位：University of Wisconsin System; University of Wisconsin Madison; State University System of Florida; Florida State University; Indiana University System; Indiana University Bloomington; Texas A&M University System; Texas A&M University College Station; Mays Business School
  摘要：Under U.S. GAAP, firms recognize assets acquired in business combinations at fair value. Similarly, in taxable asset acquisitions firms adjust the tax basis of assets to fair value. Managers can increase the present value of future tax savings by allocating a greater portion of the purchase price to shorter-lived assets than to goodwill or indefinite-lived intangibles. However, this tax planning strategy imposes a financial reporting cost because it reduces book income following the acquisitio...