Contemporary Accounting Research

最新文章

• CEO After-Tax Compensation Incentives and Corporate Tax Avoidance AI翻译
  作者：Gaertner, Fabio B.
  作者单位：University of Wisconsin System; University of Wisconsin Madison
  摘要：I examine the association between CEOs' after-tax incentives and their firms' level of tax avoidance. Economic theory holds that firms should compensate CEOs on an after-tax basis when the expected tax savings generated from additional incentive alignment outweigh the incremental compensation demanded by CEOs for bearing additional tax-related compensation risk. Using hand-collected data from proxy statements, I find a negative relation between the use of after-tax incentives and effective tax...
• Information Precision and Long-Run Performance of Initial Public Offerings AI翻译
  作者：Ecker, Frank
  作者单位：Duke University
  摘要：Due to a lack of an information history, IPO firms' information precision is not only generally low but also likely to be estimated initially with considerable error. I hypothesize and find that the deviation between expected and realized information precision is predictably associated with the magnitude and the persistence of long-run abnormal returns after an IPO. Specifically, an upward (downward) revision of information precision results in positive (negative) abnormal returns over the per...
• The Shapes of Scaled Earnings Histograms Are Not Due to Scaling and Sample Selection: Evidence from Distributions of Reported Earnings per Share AI翻译
  作者：Jorgensen, Bjorn N.; Lee, Yong Gyu; Rock, Steve
  作者单位：University of Colorado System; University of Colorado Boulder; Sungkyunkwan University (SKKU)
• Accounting and Sweatshops: Enabling Coordination and Control in Low-Price Apparel Production Chains AI翻译
  作者：[Anonymous]
• The Sarbanes-Oxley Act and Exit Strategies of Private Firms AI翻译
  作者：Bova, Francesco; Minutti-Meza, Miguel; Richardson, Gordon; Vyas, Dushyantkumar
  作者单位：University of Toronto; University of Miami
  摘要：The costs and benefits of the Sarbanes-Oxley Act of 2002 (SOX) have been oft-debated since the inception of the Act. Much of the extant literature has assessed the costs and benefits of SOX to publicly traded companies. We focus on the costs of SOX compliance for private firms wanting to exit the private market via either an acquisition by a public firm or an IPO. Consistent with our predictions we establish two principal findings. First, SOX appears to have shifted the preferences of private ...
• The Nominating Committee Process: A Qualitative Examination of Board Independence and Formalization AI翻译
  作者：Clune, Richard; Hermanson, Dana R.; Tompkins, James G.; Ye, Zhongxia (Shelly)
  作者单位：University System of Georgia; Kennesaw State University; University of Texas System; University of Texas at San Antonio
  摘要：The nominating committee (NC) of the board identifies and nominates individuals for board service, thus establishing the board's composition. Despite this important role, relatively little is known about the NC process, including NC members' actions and thought processes. Based on interviews of 20 U.S. public company NC members, including 16 chairs, we focus on two primary questions: (1) what is the extent of influence that the Chief Executive Officer (CEO) has over committee processes, and (2...
• A Theory on the Discontinuity in Earnings Distributions AI翻译
  作者：Li, Wei
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign
• The Interactive Effects of Internal Control Audits and Manager Legal Liability on Managers' Internal Controls Decisions, Investor Confidence, and Market Prices AI翻译
  作者：Wu, Yi-Jing; Tuttle, Brad
  作者单位：University System of Ohio; Case Western Reserve University; University of South Carolina System; University of South Carolina Columbia
• Board Monitoring and Endogenous Information Asymmetry AI翻译
  作者：Tian, Jie Joyce
  作者单位：University of Waterloo
• Debt Financing and Accounting Conservatism in Private Firms AI翻译
  作者：Haw, In-Mu; Lee, Jay Junghun; Lee, Woo-Jong
  作者单位：Texas Christian University; University of Massachusetts System; University of Massachusetts Boston; Hong Kong Polytechnic University
  摘要：This study investigates the role of public debt financing in shaping accounting conservatism in privately held companies. We focus on the change in conservatism of private firms following initial issuance of public debt and examine the effects of agency conflicts between bondholders and shareholders on the change in conservatism. Regression analyses on a large sample of public bond issues by Korean private firms reveal the following: First, private firms with public debt exhibit a higher degre...