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作者：Free, Clinton; Murphy, Pamela R.
作者单位：University of New South Wales Sydney; Queens University - Canada
摘要：It is frequently observed that fraud has a greater economic impact on society than any other category of crime. Arguing that both research and practitioner frameworks in auditing and forensic accounting have tended to adopt an individualizing perspective predicated primarily on solo offending, this article adopts an inductive approach to consider why individuals co-offend in fraud. It reports the results of a set of interviews with 37 individuals convicted of a range of frauds including financ...
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作者：Bova, Francesco; Dou, Yiwei; Hope, Ole-Kristian
作者单位：University of Toronto; New York University
摘要：Evidence suggests that managers have an incentive to keep information opaque with the market when negotiating with employees who can extract above-market rents from the firm. We argue that employee ownership should mitigate this incentive to extract above-market rents and, in turn, alleviate the firm's need to keep information opaque. Consistent with our expectations and using a number of proxies for disclosure, we find that firms whose nonmanager employees have strong bargaining power provide...
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作者：Williams, Paul F.; Ravenscroft, Sue P.
作者单位：North Carolina State University; University of Strathclyde; Iowa State University
摘要：Decision usefulness has served as the stated rationale for selecting accounting standards for over 40 years. Its authority, however, was not gained through explicit theory development or argumentation, but was instead born full grown (Staubus 1999, 163) as a conceptual takeover in the dead of night (338). The lack of an extended period of argumentation and debate meant decision usefulness's conceptual weaknesses were remarked upon but allowed to remain unresolved. We evaluate whether decision ...
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作者：Francis, Bill; Hasan, Iftekhar; Park, Jong Chool; Wu, Qiang
作者单位：Rensselaer Polytechnic Institute; Fordham University; Bank of Finland; Old Dominion University
摘要：This paper investigates the effect of CFO gender on corporate financial reporting decision making. Focusing on firms that experience changes of CFO from male to female, the paper compares the firms' degree of accounting conservatism between pre- and post-transition periods. We find that female CFOs are more conservative in their financial reporting. In addition, we find that the relation between CFO gender and conservatism varies with the level of various firm risks, including litigation risk,...
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作者：Campbell, John L.
作者单位：University System of Georgia; University of Georgia
摘要：The SEC and FASB recently expressed concerns that investors do not fully assimilate all of the information provided by complex and incomplete derivatives and other comprehensive income (OCI) disclosures. My evidence supports these concerns. Specifically, I examine the information content of unrealized cash flow hedge gains/losses for future profitability and stock returns. An unrealized gain on a cash flow hedge suggests that the price of the underlying hedged item (i.e., commodity price, fore...
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作者：Jorgensen, Bjorn N.; Kirschenheiter, Michael T.
作者单位：University of London; London School Economics & Political Science; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：Verrecchia (1983) investigates a manager's incentives for costly, discretionary disclosure of his information to risk-averse traders when the functional form of prices is exogenously specified. We extend Verrecchia (1983) by deriving the endogenously determined functional form of prices that would arise when all traders have constant risk tolerance. We show that these endogenously determined prices are inconsistent with the assumed prices in Verrecchia (1983) when the manager elects to not dis...
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作者：Schneider, Georg T.; Scholze, Andreas
作者单位：University of Graz; University Osnabruck
摘要：We investigate the interaction of mandatory disclosure and the gathering of decision-relevant information in a setting in which a competitor may enter the market. Gathering detailed information allows for an efficient allocation of resources, but eventually attracts competition by revealing beneficial information to competitors. In contrast, refraining from generating detailed information implies inefficient decisions, but eventually prevents competitors from entering the market. Our results s...
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作者：Wahlen, James M.
作者单位：Indiana University System; Indiana University Bloomington
摘要：While norms are commonly used in accounting and in accounting research, norms themselves, and their consequences, have not yet received much scholarly examination in accounting. The Koonce, Miller, and Winchel (KMW) study is intriguing because it conducts three experiments to examine whether investors react differently when a firm uses derivatives to mitigate risk when that use conforms with or deviates from expected behavior given past industry-or firm-specific norms. The KMW study makes a us...
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作者：Busco, Cristiano; Quattrone, Paolo
作者单位：Ollscoil na Gaillimhe-University of Galway; University of Edinburgh
摘要：Research on the Balanced Scorecard (BSC) has questioned whether its adoption generates greater integration between financial and nonfinancial performance measures, supports strategy implementation, increases performance and improves strategic decision making. This research has also highlighted how the BSC often generates effects other than these. Building on studies that portray Performance Measurement Systems as intrinsically incomplete practices of representation, the purpose of this article...
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作者：Labro, Eva
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：In this discussion, I use Holzhacker, Krishnan, and Mahlendorf, hereafter HKM, as a point of departure from which to discuss the current state of the two research areas to which they contribute. I will present some big-picture thoughts on research opportunities in their source literatures-the literature on financial management in health care and the literature on cost stickiness-and speculate as to where these literatures might go in the future.
