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作者：Blaufus, Kay; Milde, Michael; Schaefer, Marcel
作者单位：Leibniz University Hannover
摘要：In three experiments, we examine how the widespread phenomenon of overwithholding affects retirement savings and how the additional option at tax time of saving retroactively for retirement affects total savings levels. Our results show that overwithholding significantly reduces retirement savings. We show that this outcome can be explained by individuals' anchoring on their take-home pay when making savings decisions and by individuals' reduced motivation to save in the presence of overwithho...
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作者：Bamber, Matthew; Nappert, Pier-Luc
作者单位：York University - Canada; Laval University
摘要：Management teams often avoid answering questions during conference call question and answer sessions (Q&As). Viewing this as an information asymmetry issue, accounting scholars have suggested that this behavior is ill-advised and that non-answers signal to investors the suppression of bad news. In this article, we demonstrate that this argument lacks nuance. Instead, we argue that answers and non-answers necessarily coexist and are codependent. Our contribution stems from our social interactio...
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作者：Kim, Yongtae; Pinto, Jedson; Sul, Edward
作者单位：Santa Clara University; University of Texas System; University of Texas Dallas; George Washington University
摘要：This paper examines how a change in disclosure regulation influences investors' information acquisition and trading across multiple markets. We leverage the 2007 elimination of the Form 20-F reconciliation requirement for cross-listed firms that prepare financial statements under IFRS. Using a difference-in-differences research design, we show that investors acquire fewer Form 20-Fs of IFRS-reporting cross-listed firms when these forms are not filed in a timely manner relative to the home-coun...
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作者：Backof, Ann G.; Christensen, Brant E.; Glover, Steven M.; Schmidt, Jaime J.
作者单位：University of Virginia; Brigham Young University; University of Texas System; University of Texas Austin
摘要：In this study, we leverage judgment decomposition and information acquisition theories to develop and test an intervention to improve group auditors' identification of and response to component-level qualitative risk. Improving group auditors' response to qualitative risk is important because (1) group audits are prevalent today and require multiple qualitative risk assessments, (2) auditors have historically overlooked qualitative risks, and (3) prior interventions have failed to improve audi...
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作者：Wilson, Mark; Zhang, Lijuan
作者单位：Australian National University
摘要：We examine the extent to which the distribution of corporate shareholdings affects seasonality in realized returns and the resulting implications for the conditions under which information asymmetry (IA) appears to be priced. Earlier studies have found that IA attracts a return premium only for firms with low competition for their stock, as proxied by the number of common shareholders or the number and concentration of institutional holdings. However, we demonstrate that the association betwee...
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作者：Chen, Xia; Gao, Yanmin; Huang, Rong; Yu, Yangxin
作者单位：Audencia; Shenzhen University; Thompson Rivers University; Fudan University; City University of Hong Kong
摘要：Using terrorist attacks and mass shootings as an exogenous source driving psychological changes in managerial sentiment, we explore the causal effect of managerial sentiment on firms' short-term operating decisions. Employing cost stickiness to measure short-term operating decisions on resource allocation and cost control, we find that firms located in the attacked metropolitan areas experience a significant decline in the degree of cost stickiness. We further find that the effect is more pron...
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作者：Christensen, Derek; Lynch, Daniel P.; Partridge, Clay
作者单位：University of Oregon; University of Wisconsin System; University of Wisconsin Madison; University System of Ohio; Ohio State University
摘要：Prior literature on the relationship between financial reporting and investment efficiency generally overlooks the connection between firms' financial and managerial reporting systems. As a result, it is difficult to determine whether increases in the quality of firms' internal information environments (IIQ) and/or the quality of their external information environments (EIQ) explain improvements in investment efficiency following financial reporting changes. Leveraging the transition window to...
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作者：Narayanamoorthy, Ganapathi S.; Wheeler, P. Barrett
作者单位：Tulane University
摘要：Discretionary income smoothing has been argued to increase bank opacity and degrade financial system stability by making banks more difficult to monitor. However, no direct empirical association between discretionary smoothing and opacity has been established to date. We argue that smoothing could reflect either the opportunistic exercise of discretion that disconnects loan loss provisions (LLPs) from changes in underlying credit quality, consistent with smoothing increasing opacity, or an inf...
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作者：Micale, Joseph A.
作者单位：New Jersey Institute of Technology
摘要：This mixed-methods study investigates whether individual auditors' career advancements to more prestigious audit firms can predict their audit quality. Using hand-collected data on more than 2,000 audit partners from professional networking website profiles, I identify audit partners with advancements from less to more prestigious audit firms and empirically test whether these upward trajectories predict audit partner quality. I find that these audit partners provide higher-quality audits, as ...
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作者：Clavijo, Nathalie; Dambrin, Claire
作者单位：heSam Universite; ESCP Business School
摘要：This paper examines how a low-skilled, gendered occupational group collectively counters representations of its contribution to organizational performance. We situate this process within the literature on counter accounts-alternative representations designed to rectify perceived harms or injustices. Our study focuses on cashiers, referred to as checkout hostesses in their organization's gendered terminology, in the highly masculine building supplies sector. Drawing on a feminist theorization o...
