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作者：Abbott, Lawrence J.; Gunny, Katherine; Pollard, Troy
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; University of Colorado System; University of Colorado Denver; University of Alabama System; University of Alabama Tuscaloosa
摘要：We use reverse mergers to examine the impact of litigation risk on audit fees. In a reverse merger, a private company merges with a public company, and the private company's management takes over the resulting publicly traded firm. Reverse mergers create a unique test setting to provide estimates on the litigation risk premium because, while the litigation risk for formerly private firms whose equity becomes publicly traded increases, the remaining auditee- and auditor-related characteristics ...
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作者：Cooper, David J.; Ezzamel, Mahmoud; Qu, Sandy Q.
作者单位：University of Alberta; Cardiff University; IE University; York University - Canada
摘要：We explore how the Balanced Scorecard (BSC), as a management accounting technique, was developed and marketed as a general management practice. Drawing on actor network theory (ANT), we analyze interviews with key actors associated with the BSC, insights gained from attending BSC training workshops, and other documentary evidence to construct a history of the BSC. Our historical analysis offers theoretical tools to understand how the various features of the accounting technique were translated...
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作者：Kang, Tony; Khurana, Inder K.; Wang, Changjiang
作者单位：McMaster University; University of Nebraska System; University of Nebraska Lincoln; University of Missouri System; University of Missouri Columbia; University System of Ohio; University of Cincinnati
摘要：Using 1990 through 2013 data of U.S. firms with foreign operations, we show that (i) the serial correlation of analyst forecast errors increases in the extent of international diversification, (ii) post-earnings-announcement drift (PEAD) based on analyst forecast errors increases in the extent of international diversification, and (iii) the impact of international diversification on the serial correlation of analyst forecast errors and its associated drift is significantly reduced after the im...
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作者：Dyreng, Scott D.; Mayew, William J.; Schipper, Katherine
作者单位：Duke University
摘要：We study managers' interventions in financial reporting by examining working capital deficits, measured as current ratios less than 1.0. Current ratios represent important balance sheet liquidity indicators to lenders and creditors, and have an identifiable and naturally occurring reference point at 1.0, analogous to the profit/loss income statement reference point. We find that distributions of reported current ratios of both U.S. and non-U.S. firms exhibit a discontinuity at 1.0. For U.S. fi...
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作者：Wang, Laura W.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：I use a laboratory experiment to examine the productive and counterproductive effects of providing employees nonpecuniary recognition based on measures of relative performance. I find that, on average, recognition programs increase both productive efforts (those intended to increase one's own performance) and counterproductive efforts (those intended to decrease peer performance) in a setting where it is salient to employees that they can exert both productive and counterproductive efforts. In...
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作者：Asay, H. Scott; Brown, Tim; Nelson, Mark W.; Wilks, T. Jeffrey
作者单位：University of Iowa; University of Illinois System; University of Illinois Urbana-Champaign; Cornell University; Brigham Young University
摘要：Accountants making judgments with respect to a particular set of standards are increasingly aware of standards from other reporting regimes that offer additional or conflicting guidance. In fact, IFRS encourages reliance on out-of-regime standards when IFRS lacks guidance. This paper reports the results of two experiments which provide evidence that auditors in such circumstances are vulnerable to contrast effects, whereby reporting judgments under IFRS are systematically influenced away from ...
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作者：Bronson, Scott N.; Ghosh, Aloke (Al); Hogan, Chris E.
作者单位：University of Kansas; City University of New York (CUNY) System; Baruch College (CUNY); Michigan State University
摘要：Prior studies find that audit fees are higher for cross-listed firms, and these studies primarily attribute the incremental fees to added litigation costs. In this study, we investigate whether the higher audit fees that foreign firms cross-listed in the United States pay are also attributable to incremental audit effort associated with U.S. disclosure requirements and a more stringent U.S. auditing environment. By comparing audit fees of foreign cross-listed firms to U.S. domiciled firms and ...
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作者：Das, Somnath; Kim, Kyonghee; Patro, Sukesh
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Michigan State University; Northern Illinois University
摘要：We study circumstances when analysts' forecasts diverge from managers' forecasts after management guidance, and the consequences of this divergence for investors and analysts. Our results show that investors' return response to earnings surprises based on analyst forecasts is significantly weaker when analyst and management forecasts diverge, and that this attenuating effect is stronger when the management forecast is more credible. When the divergent management forecast is more accurate than ...
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作者：Baloria, Vishal P.; Marquardt, Carol A.; Wiedman, Christine I.
作者单位：Boston College; City University of New York (CUNY) System; Baruch College (CUNY); University of Waterloo
摘要：We evaluate the net costs and benefits of the whistleblower (WB) provisions adopted under the Dodd-Frank Reform Act of 2010 by examining investor responses to events related to the proposed regulations. We focus our main analysis on a sample of firms that lobbied against implementation of the WB provisions by submitting a comment letter to the SEC. Lobbying firms are characterized by weaker existing WB programs and greater degrees of managerial entrenchment than a matched control sample of sim...
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作者：Griffin, Paul A.; Lont, David H.; Sun, Estelle Y.
作者单位：University of California System; University of California Davis; University of Otago; Boston University
摘要：This study finds that investors price firms' greenhouse gas (GHG) emissions as a negative component of equity value, and this valuation discount does not differ between firms that voluntarily disclose to the Carbon Disclosure Project (CDP) and nondisclosing firms. We derive the GHG emissions for nondisclosers from an estimation model that incorporates firm characteristics and industry. The finding that investors view CDP amounts and estimates of emissions as equally value-relevant suggests tha...
