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作者：Arya, Anil; Frimor, Hans; Mittendorf, Brian; Pfeiffer, Thomas
作者单位：University System of Ohio; Ohio State University; University of Southern Denmark; University of Vienna
摘要：This paper extends a familiar model of competition and disclosure to incorporate the practical feature that firms may not only hold private information about consumer demand, but they can also influence demand by the investments they make in improving product quality. Such investments can reflect installing new product features, improving durability, adding design enhancements, and the like. This paper demonstrates that investments stand to significantly influence the firm's preference for dis...
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作者：He, Wen; Zhang, Jin
作者单位：Monash University
摘要：This study examines whether and how brokers manage the distribution of their stock recommendations. We document that if a broker's percentage of buy recommendations in a quarter is substantially higher than its target level, the broker issues significantly fewer buy recommendations than other brokers in the following quarter. This evidence remains robust after controlling for mean reversion in the data and varies systematically with brokers' expected benefits and costs of managing the distribu...
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作者：Ahrens, Thomas; Ferry, Laurence
作者单位：United Arab Emirates University; Durham University; Rutgers University System; Rutgers University New Brunswick
摘要：Recent research into the uses of accounting as a technology of government has used Foucault's notion of counter-conduct to shed light on various ways in which the governed can seek to alter the regimes to which they are subjected. This paper unpacks the notion of counter-conduct further in order to develop a clearer conceptualization of how regimes of government can change over time, with or without clearly identifiable attempts by the governed to influence such changes. We develop our argumen...
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作者：Li, Xuanbo; Lou, Yun; Wang, Rencheng; Zhou, Kaitang
作者单位：City University of Hong Kong; Singapore Management University; Wuhan University
摘要：We examine how common institutional investors (CIIs) facilitate the financial reporting comparability (FRC) of US firms. Common ownership increases FRC of firms that are directly owned by CIIs (via a direct effect) and has positive spillover effects on other firms in the same industry. We find spillover effects in two types of firms: (1) those that are commonly owned by different institutional investors but are connected through common firms, and (2) those that do not have any common ownership...
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作者：Azambuja, Ricardo; Baudot, Lisa; Endo, Takahiro; Matsubara, Saori
作者单位：Universite Catholique de Lille; EDHEC Business School; Hautes Etudes Commerciales (HEC) Paris; University of Victoria; Kobe University
摘要：One view of the socialization experienced by professionals in global Big 4 firms suggests that the intensity of socialization engenders a strong and deep-rooted professional identity. We scrutinize this claim by drawing on interviews with partners who retired from lifelong employment in Big 4 firms in Japan. Through partners' reflections on their experiences in detaching from the firm, we examine how socialization manifests in partners' identity work. We find that partners' identity, which oft...
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作者：Krishnan, Jagan; Li, Meng; Park, Hyun Jong
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Texas System; University of Texas Arlington
摘要：We examine whether auditor political connections are associated with the SEC's oversight of audit clients. Specifically, we test whether auditors' political action committee contributions are associated with three SEC oversight actions: comment letters, investigations, and Accounting and Auditing Enforcement Releases (AAERs). Consistent with higher political connections inducing heightened scrutiny from the SEC, we find that the clients of auditors with higher political connections are more li...
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作者：Kim, Sehwa; Kim, Seil; Marquardt, Carol; Shin, Dongoh
作者单位：Columbia University; City University of New York (CUNY) System; Baruch College (CUNY); Wayne State University
摘要：Accounting Standards Update (ASU) 2016-01 requires that unrealized gains and losses on equity investments (equity-URGL) previously recognized in other comprehensive income now be included in net income. Using a sample of public insurers, we examine how this accounting standard change influences managerial investment decisions, with a particular focus on the moderating effects of compensation contracting and financial reporting practices. We find that prior to ASU 2016-01, equity-URGL was posit...
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作者：Kuester, Stephan; Steindl, Tobias; Goettsche, Max
作者单位：Free University of Berlin; University of Regensburg
摘要：This study provides empirical evidence that key audit matters (KAMs) are informative for future negative accounting outcomes. We employ FinBERT-a deep learning model designed for natural language processing that allows human-like text comprehension-to demonstrate that goodwill-related KAMs are predictive of firms' future impairments. Our findings reveal that utilizing KAMs as a stand-alone predictor for future impairments provides meaningful predictive power. By exploring the semantic content ...
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作者：Fredriksson, Antti; Hay, David; Karjalainen, Jukka; Maghakyan, Arpine; Niemi, Lasse
作者单位：University of Turku; University of Auckland; Aalto University; University of Eastern Finland; University of Glasgow
摘要：This study examines whether better performance on the Certified Public Accountant (CPA) exam is associated with an auditor's career success and whether any relation differs based on gender. Our study adds to prior studies on the career development of auditors by showing that the auditor's performance on the exam predicts success during the auditor's career. Although there is little difference in the average CPA exam scores of male versus female auditors, we document gender differences in the r...
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作者：Jefferson, Devon P.; Andiola, Lindsay M.; Hurley, Patrick J.
作者单位：Wake Forest University; Virginia Commonwealth University; Northeastern University
摘要：Fatigue and burnout are root causes of audit quality issues and turnover. Leveraging the job demands-resources theory, we investigate whether two mechanisms can reduce accountants' fatigue and, in turn, improve audit quality. We conduct a field study of public accountants during both normal and busy season work periods, collecting bi-daily logs to examine whether the use of microbreaks (i.e., brief respite activities) as a job crafting mechanism and/or the receipt of supervisory support as a j...
