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作者：Hofmann, Christian; Rothenberg, Naomi R.
作者单位：University of Munich; University of Alberta
摘要：We study a principal's choice of whether to produce an imperfect forecast about a firm's outcome either before or after an agent's effort choice. The early forecast affects the agent's effort choice, which means the forecast can also be used to infer information about the effect of the agent's effort on outcome. The late forecast is more accurate because, by working hard, the agent also learns about productivity, implying that the late forecast has an additional performance measurement role. W...
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作者：Glover, Steven M.; Taylor, Mark H.; Wu, Yi-Jing
作者单位：Brigham Young University; State University System of Florida; University of South Florida; Texas Tech University System; Texas Tech University
摘要：Reported deficiencies continue to persist in audits of fair value measurements and other complex accounting estimates (hereafter, FVMs), despite improvements in auditor performance observed by regulators. The persistence of reported deficiencies in audits of FVMs suggests that factors underlying this trend may be more complicated and multidimensional than previously suggested by regulators and academic research, which has focused largely on auditors' unsatisfactory performance as the principal...
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作者：Heese, Jonas
作者单位：Harvard University
摘要：I examine whether political influence as a response to voters' interest in employment levels is reflected in the enforcement actions of the SEC. I find that large employers are less likely to experience SEC enforcement actions. Next, I examine whether variations in politicians' sensitivity to employment levels result in variations in enforcement against large employers. I find that large employers are less likely to face enforcement actions during presidential elections if they are based in po...
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作者：Kadous, Kathryn; Zhou, Yuepin (Daniel)
作者单位：Emory University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Intrinsic motivation is generally thought to be positively associated with performance on a variety of tasks. However, there is only sparse experimental evidence supporting this idea and we know little about the specific mechanisms behind any effect. We develop theory about how auditors' intrinsic motivation for their jobs can improve their judgments about complex accounting estimates. We experimentally test whether a prompt to make auditors' intrinsic motivation for their jobs salient improve...
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作者：Stolowy, Herve; Gendron, Yves; Moll, Jodie; Paugam, Luc
作者单位：Hautes Etudes Commerciales (HEC) Paris; Laval University; University of Manchester; Alliance Manchester Business School; Hautes Etudes Commerciales (HEC) Paris
摘要：Evidence suggests that society still does not view whistleblowers as wholly legitimate-despite legal protections now offered in some jurisdictions, such as the United States. Drawing on a discourse analysis (i.e., an examination of statements), we investigate the well-publicized stories of seven whistleblowers from 69 sources, including books, first- and second-hand interviews, websites, and videos. Our focus is to examine how whistleblower discourses can build legitimacy by more tightly defin...
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作者：Ayers, Benjamin C.; Call, Andrew C.; Schwab, Casey M.
作者单位：University System of Georgia; University of Georgia; Arizona State University; Arizona State University-Tempe; Indiana University System; Indiana University Bloomington
摘要：Recent research finds that analysts' cash flow forecasts have meaningful financial reporting ramifications, but, to date, the identified effects are unlikely to yield meaningful cash flow benefits. This study examines whether analysts' cash flow forecasts encourage managers to enhance the firm's cash flow position through tax avoidance activities. We evaluate the change in cash tax avoidance after analysts begin issuing cash flow forecasts relative to a propensity score matched control sample ...
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作者：Chen, Ciao-Wei; Collins, Daniel W.; Kravet, Todd D.; Mergenthaler, Richard D.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Iowa; University of Connecticut; University of Arizona
摘要：This study examines whether acquirers make better acquisition decisions when target firms' financial statements exhibit greater comparability with industry peer firms. We predict and find that acquirers make more profitable acquisition decisions when target firms' financial statements are more comparableas evidenced by higher merger announcement returns, higher acquisition synergies, and better future operating performance. We also find that post-acquisition goodwill impairments and post-acqui...
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作者：Downar, Benedikt; Ernstberger, Juergen; Link, Benedikt
作者单位：Technical University of Munich
摘要：This paper examines the monitoring effect of disclosure frequency from a shareholder perspective. For our analyses, we use a setting in the European Union in which reporting frequency requirements differed across and within countries before being harmonized by a directive requiring the implementation of quarterly disclosure. We investigate how both cross-sectional differences in reporting frequency and their harmonization affect shareholders' ability to monitor managers. To gauge monitoring ef...
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作者：Cheng, Qiang; Goh, Beng Wee; Kim, Jae B.
作者单位：Singapore Management University; Lehigh University
摘要：In this study, we examine whether internal control over financial reporting affects firm operational efficiency. We find that operational efficiency, derived from frontier analysis, is significantly lower among firms with material weaknesses in internal control relative to firms without such weaknesses. We also find that the remediation of material weaknesses leads to an improvement in operational efficiency. Additional analyses indicate that the negative effect of material weaknesses on opera...
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作者：Darrough, Masako; Huang, Rong; Zur, Emanuel
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University System of Maryland; University of Maryland Baltimore
摘要：This paper examines how disclosures regarding internal controls, required by sections 302 and 404 of the Sarbanes-Oxley Act of 2002 (SOX), affect the market for corporate control. We hypothesize that acquirers with internal control weaknesses (ICWs) make suboptimal acquisition decisions based on poor-quality information generated by their ineffective controls over financial reporting. We expect that such acquirers will be more likely to misestimate the value of their targets or the potential s...
