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作者：Carrington, Thomas; Johansson, Tobias; Johed, Gustav; Ohman, Peter
作者单位：Stockholm University; Orebro University; Stockholm School of Economics; Mid-Sweden University
摘要：Based on an analysis of questionnaire data from a large sample of certified auditors, we examine how the main type of client being served influences auditor conformity to the core values of their profession. We contrast auditors of (primarily) listed companies with auditors of (primarily) single member companies, that is, limited liability companies with a single owner who typically is also the only employee of the company. We show that these two groups of auditors differ in the extent to whic...
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作者：Maber, David A.
作者单位：California State University System; California Polytechnic State University San Luis Obispo
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作者：Baloria, Vishal P.; Klassen, Kenneth J.; Wiedman, Christine I.
作者单位：Boston College; University of Waterloo
摘要：Demand for disclosures on environmental, social, and governance (ESG) issues has increased dramatically. Using corporate political spending disclosures as our setting, we conduct a detailed inquiry of 541 political spending-related shareholder proposals from 2004 to 2012 to highlight the role of shareholder activism as a mechanism to motivate ESG disclosure. Unlike earlier studies, we examine both proposals that went to a vote and proposals that were withdrawn by the activist, allowing us to a...
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作者：Chung, Sung Gon; Goh, Beng Wee; Lee, Jimmy; Shevlin, Terry
作者单位：Wayne State University; Singapore Management University; University of California System; University of California Irvine
摘要：We examine the association between corporate tax aggressiveness and the profitability of insider trading under the assumption that insider trading profits reflect managerial opportunism. We document that insider purchase profitability, but not sales profitability, is significantly higher on average in more tax aggressive firms. We also find that the positive association between tax aggressiveness and insider purchase profitability is attenuated for firms with more effective monitoring and is a...
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作者：He, Yanan; Tan, Hun-Tong; Yeo, Feng; Zhang, Jixun
作者单位：Shanghai Lixin University of Accounting & Finance; Nanyang Technological University; University of South Carolina System; University of South Carolina Columbia; Nankai University
摘要：Disclosure standards mandate the quantitative disclosure of hedging-instrument-related risks but not the disclosure of hedged-item-related risks. We examine how a match (mismatch) in formats, caused by making quantitative (qualitative) hedged item disclosures alongside quantitative hedging instrument disclosures, affects investors' integration of information from these two related disclosures. Our first experiment varies the hedged item disclosure format (quantitative or qualitative) and the p...
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作者：Lisic, Ling Lei; Myers, Linda A.; Seidel, Timothy A.; Zhou, Jian
作者单位：Virginia Polytechnic Institute & State University; University of Tennessee System; University of Tennessee Knoxville; Brigham Young University; University of Hawaii System; University of Hawaii Manoa
摘要：In this study, we examine whether audit committee accounting expertise helps to promote audit quality by motivating auditors to conduct diligent internal control audits and make appropriate internal control assessments because audit committee accounting expertise safeguards auditors from dismissal following adverse internal control opinions. Among clients with existing and likely internal control material weaknesses (as proxied by future restatements of audited financial statements), we find a...
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作者：Glover, Jonathan; Levine, Carolyn B.
作者单位：Columbia University; University of Delaware
摘要：This article studies contracts between a principal and an agent that are robust to information asymmetries about measurement quality. Our main result is that an information asymmetry about measurement quality not only reduces the usefulness of a given performance measure for stewardship purposes, it also qualitatively changes the way the performance measure is used if the information asymmetry is sufficiently large. We also study the manipulability of performance measures, assuming that poor m...
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作者：Bathke, Allen W., Jr.; Mason, Terry W.; Morton, Richard M.
作者单位：State University System of Florida; Florida State University; Kansas State University
摘要：Prior literature suggests that the market underreacts to the positive correlation in a typical firm's seasonal earnings changes, which leads to a post-earnings-announcement drift (PEAD) in prices. We examine the market reaction for a distinct set of firms whose seasonal earnings changes are uncorrelated and show that the market incorrectly assumes that the earnings changes of these firms are positively correlated. We also document that positive (negative) seasonal earnings changes in the curre...
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作者：Ayres, Douglas R.; Neal, Terry L.; Reid, Lauren C.; Shipman, Jonathan E.
作者单位：Butler University; University of Tennessee System; University of Tennessee Knoxville; Wake Forest University; University of Arkansas System; University of Arkansas Fayetteville
摘要：The elimination of goodwill amortization in 2001 brought about significant change in how companies are required to account for goodwill. This change in accounting also brought with it new challenges for auditors, namely evaluating the reasonableness of management's assumptions related to goodwill valuation. In addition to introducing technical challenges, this task is particularly difficult given the misalignment in incentives it creates between managers who likely prefer to avoid recording an...
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作者：Krishnan, Ranjani
作者单位：Michigan State University
摘要：This article discusses Glover and Levine (2019). It summarizes Glover and Levine's model, its contributions, and practical implications. It also suggests empirical extensions based on the predictions of the model.
