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作者：Filip, Andrei; Labelle, Real; Rousseau, Stephane
作者单位：ESSEC Business School; Universite de Montreal; HEC Montreal; Universite de Montreal
摘要：This article uses the Canadian environment, where French civil law (FCL) in the province of Quebec coexists with common law (CL) in the Rest of Canada (denoted as bijural), to test the thesis of the neutrality of the legal system with regard to financial reporting quality (FRQ). This single-country design allows for a better control over other factors that influence FRQ. The FCL environment appears to encourage firms to publish accounting data of better quality due to the greater liability ris...
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作者：Knechel, W. Robert; Vanstraelen, Ann; Zerni, Mikko
作者单位：State University System of Florida; University of Florida; Maastricht University; University of Jyvaskyla
摘要：This study examines the persistence and economic consequences of variations in reporting style across audit partners in individual engagements. Our results show that both aggressive and conservative audit reporting, measured by the pattern of prior Type 2 and Type 1 audit reporting error rates in auditor-specific clienteles, persist over time and extend to other clients of the same partner. Analyses of abnormal accruals and persistence of client firms' accrual estimates corroborate this findin...
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作者：Hou, Qingchuan; Jin, Qinglu; Yang, Rong; Yuan, Hongqi; Zhang, Guochang
作者单位：Shanghai University of Finance & Economics; Rochester Institute of Technology; Fudan University; Hong Kong University of Science & Technology
摘要：Since the Split Share Structure Reform took effect in China in 2005, holders of nontradable shares (controlling shareholders) have had to negotiate with holders of tradable shares (minority shareholders) to gain the liquidity right. In a typical deal reached, the controlling shareholder agrees to pay share compensation to minority shareholders and, in many cases, also pledges to meet a specific firm performance target (performance commitments). Using this reform setting, we examine the impact ...
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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...
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作者：Griffith, Emily E.; Hammersley, Jacqueline S.; Kadous, Kathryn
作者单位：University of Wisconsin System; University of Wisconsin Madison; University System of Georgia; University of Georgia; Emory University
摘要：Auditors and regulators have invested heavily in improving audits of estimates in recent years, but problems in this area persist. We examine the causes of these problems and why they persist. To do so, we interview 24 very experienced auditors about how they audit complex accounting estimates such as fair values and impairments and what problems they experience in the process. We find that auditors overwhelmingly choose to audit the details of management's estimate rather than use other allow...
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作者：Allee, Kristian D.; Lynch, Daniel P.; Petroni, Kathy R.; Schroeder, Joseph H.
作者单位：University of Wisconsin System; University of Wisconsin Madison; Michigan State University; Indiana University System; Indiana University Bloomington
摘要：This study investigates the effect of personal property taxes (PPTs) on real business decisions. Consistent with tax avoidance, we posit that PPTs are associated with decreases (increases) in inventory prior to (following) calendar year-end assessment dates. We empirically test this prediction using monthly crude oil inventory data. We find that in locations where crude oil inventory is subject to taxation, total and refinery-level crude oil inventories are reduced prior to assessment dates an...
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作者：Defond, Mark L.; Zhang, Jieying
作者单位：University of Southern California
摘要：We find that bond price quotes impound bad earnings news on a more timely basis than good earnings news and that the bond market impounds bad news on a more timely basis than the stock market. We also find that the timeliness of the bond market reaction to bad news is concentrated primarily among speculative-grade bonds, consistent with earnings news having a larger effect on bond price quotes when default risk is high. In addition, we find that a portion of the bad news impounded by the bond ...
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作者：Baginski, Stephen P.; Clinton, Sarah B.; Mcguire, Sean T.
作者单位：University System of Georgia; University of Georgia; University of Tennessee System; University of Tennessee Knoxville; Texas A&M University System; Texas A&M University College Station
摘要：Using a unique, hand-gathered sample of 893 forward-looking voluntary disclosures by 70 proxy contest firms during 1992-2001, we examine whether managers temporarily alter the frequency and tone of their disclosures during proxy contests. Broadly consistent with the corporate control contest hypothesis, we find that, after controlling for performance and other determinants of disclosure, managers increase the frequency of forward-looking voluntary disclosures during the proxy contest relative ...
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作者：Curtis, Asher B.; Lundholm, Russell J.; Mcvay, Sarah E.
作者单位：University of Washington; University of Washington Seattle; University of British Columbia
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作者：Balsam, Steven; Jiang, Wei; Lu, Bo
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; California State University System; California State University Fullerton; University System of Ohio; Ohio State University
