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作者：Purda, Lynnette; Skillicorn, David
作者单位：Queens University - Canada
摘要：We develop a data-generated tool for distinguishing between fraudulent and truthful reports based on the language used in the management discussion and analysis section of annual and interim reports. Using this method, we are able to assign a probability of truth to each report which is then shown to be an effective indicator of fraud. Our work goes beyond the development of a tool alone, however, by conducting an extensive comparison of our probability-of-truth measure with eight alternative ...
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作者：Filzen, Joshua J.; Peterson, Kyle
作者单位：Nevada System of Higher Education (NSHE); University of Nevada Reno; University of Oregon
摘要：We examine whether firms with greater financial statement complexity are more likely to meet or beat analysts' earnings expectations. We proxy for financial statement complexity using the firm's industry and year adjusted accounting policy disclosure length. Firms with more complex financial statements are more likely to just beat expectations than just miss expectations. Firms with complex financial statements appear to use expectations management to beat expectations, but do not use earnings...
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作者：Hung, Mingyi; Wong, T. J.; Zhang, Fang
作者单位：Hong Kong University of Science & Technology; Chinese University of Hong Kong; Hong Kong Baptist University
摘要：This paper compares the value of political ties and market credibility in China by examining the consequence of corporate scandals. We categorize Chinese corporate scandals by whether the scandal is primarily associated with the destruction of (i) the firm's political networks (political scandals), (ii) the firm's market credibility (market scandals), or (iii) both (mixed scandals). Consistent with our hypothesis that scandals signaling the destruction of political ties are associated with gre...
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作者：Winchel, Jennifer
作者单位：University of Virginia
摘要：This study experimentally tests the hypothesis that investor reaction to favorable investment ratings is influenced by attributes of analysts' supporting arguments. Specifically, I argue that argument ambiguity and the mix of positive and negative argumentation interact to influence how investors process and, in turn, react to information contained in analysts' arguments. When positive arguments are unambiguous, I predict and find that investors react to the content of the arguments because th...
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作者：Higgins, Danielle; Omer, Thomas C.; Phillips, John D.
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University of Nebraska System; University of Nebraska Lincoln; University of Connecticut
摘要：We examine the relation between a firm's business and tax-planning strategies. To identify firms' business strategies, we use a comprehensive measure of business strategy based on the theoretical framework of Miles and Snow (1978, 2003). Specifically, we first investigate whether a firm's business strategy is associated with its level of tax avoidance. Next, we investigate the association between the firm's business strategy and the extent to which it avoids tax in an aggressive manner. We fin...
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作者：De Franco, Gus; Hope, Ole-Kristian; Vyas, Dushyantkumar; Zhou, Yibin
作者单位：University of Toronto; University of Texas System; University of Texas Dallas
摘要：Using an extensive database of 356,463 sell-side equity analysts' reports from 2002 to 2009, this study is one of the first to analyze the readability of analysts' reports. We first examine the determinants of variations in analyst report readability. Using several proxies for ability, we show that reports are more readable when issued by analysts with higher ability. Second, we test the relation between analyst report readability and stock trading volume reactions. We find that trading volume...
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作者：Smith, Michael J.
作者单位：Boston University
摘要：This study shows that in the presence of privately informed firms the optimal level of conservatism may result in failing to finance good projects or abandoning successful ones inefficiently often compared to a no private information benchmark. The result holds for a pre-investment signal and a post-investment signal with and without renegotiation. Without private information, good firms implicitly subsidize bad ones. Privately informed good firms will not provide this subsidy. The good firms'...
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作者：van Rinsum, Marcel
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：In this discussion of Bol, Hecht and Smith (this issue; BHS), I examine their theory and experimental setting with the purposes of investigating how their study generalizes and identifying further research possibilities. First, I discuss the uncontrollable events the study addresses, which are influenceable and require innovative effort to prevent adverse effects. What follows next is an analysis of experimental design choices and their implications. In particular, results could be specific to...
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作者：Hewitt, Max; Tarca, Ann; Yohn, Teri Lombardi
作者单位：Indiana University System; Indiana University Bloomington; University of Western Australia
摘要：Earnings items are typically classified in financial reports based on their persistence and measurement subjectivity. Archival research examines investors' use of persistence and measurement subjectivity classifications for forecasting and valuation. However, this research typically examines only one of these classifications at a time and ignores the potential interactive implications of an earnings item's persistence and measurement subjectivity classifications. We recruited experienced finan...
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作者：Evans, John Harry, III; Feng, Mei; Hoffman, Vicky B.; Moser, Donald V.; Van der Stede, Wim A.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of London; London School Economics & Political Science
摘要：We provide a list of points to consider (PTCs) to help researchers self-assess whether they have addressed certain common issues that arise frequently in accounting research seminars and in reviewers' and editors' comments on papers submitted to journals. Anticipating and addressing such issues can help accounting researchers, especially doctoral students and junior faculty members, convert an initial empirical accounting research idea into a thoughtful and carefully designed study. Doing this...
