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作者：Anderson, Spencer B.; Mendoza, Kim I.; Mongold, Cassie
作者单位：Indiana University System; Indiana University Bloomington; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Classification of financial statement elements into categories is an inherent, integral part of the financial reporting system. Although prior research documents that categories influence users' perceptions of included items, we explore the reverse effect-how classifying items in a category can impact perceptions of the category itself and its other members. Using categorization theory from psychology and accounting literature and exploiting the classification challenges inherent to the crypto...
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作者：Lu, Yao
作者单位：Cornell University
摘要：I study how the disclosure of the liquidity coverage ratio mandated for a group of systemically important U.S. banks affects peer banks' liquidity holdings. I predict that the disclosure mitigates uncertainty about aggregate liquidity risk by providing insight into the likelihood of market-wide liquidity shocks and specific sources of liquidity stress. This uncertainty resolution, in turn, reduces nondisclosing banks' precautionary demand for liquidity. Using bank business interactions to meas...
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作者：Anderson, Chelsea M.; Fang, Vivian W.; Moon Jr, James R.; Shipman, Jonathan E.
作者单位：University System of Ohio; University of Cincinnati; Indiana University System; Indiana University Bloomington; University System of Georgia; Georgia Institute of Technology; University of Arkansas System; University of Arkansas Fayetteville
摘要：This paper explores U.S. public firms' cryptocurrency holdings and accounting practices from 2013 to 2022 against the backdrop of the recently enacted crypto accounting rule, ASU 2023-08. Descriptive analyses suggest exponential growth in corporate crypto holdings and significant variation in crypto accounting practices, underscoring the rule's necessity. Hypothesis tests using the pre-rule data reveal three insights with direct relevance to the rule. First, firms appear to view crypto assets ...
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作者：Carson, Elizabeth; Lamoreaux, Phillip; Simnett, Roger; Thurheimer, Ulrike; Vanstraelen, Ann
作者单位：Royal Melbourne Institute of Technology (RMIT); Arizona State University; Arizona State University-Tempe; University of New South Wales Sydney; Deakin University; University of Amsterdam; Maastricht University; University of Antwerp
摘要：We investigate the establishment of public audit oversight bodies (POBs) worldwide. We present descriptive evidence on POBs' characteristics and factors influencing the timing of their establishment, finding that countries with stronger institutions, civil law traditions, and higher media attention to audit quality adopt POBs faster. While countries may choose similar POB design features, these choices do not align with the factors driving adoption speed. We also explore whether the finding of...
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作者：Moreta, Antonio
作者单位：Pontificia Universidad Catolica de Chile
摘要：This paper studies the effect of reporting regulation on private firms' bank credit and its economic consequences. I exploit the Spanish institutional setting, which provides a unique combination of confidential loan data and regulatory features that generate quasi-exogenous variation in reporting regulation. Using a regression discontinuity design, I find that firms subject to incremental reporting regulation obtain more bank credit primarily through cash flow-based lending, term loans, and l...
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作者：Dai, Ruiting; Dong, Xuanjun; Shroff, Nemit; Tan, Qin
作者单位：Drexel University; Shanghai University of Finance & Economics; Massachusetts Institute of Technology (MIT); City University of Hong Kong
摘要：We examine whether U.S. immigration policy, specifically the H-1B visa program, affects the likelihood of financial misconduct. We argue that employers have leverage over employees on H-1B visas because such employees must maintain H-1B-eligible employment to legally reside in the United States. We posit that companies relying on H-1B visas to hire workers in accounting roles have an increased ability to misreport their financial statements due to the greater costs H-1B employees face if they ...
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作者：Fritsch, Felix; Zhang, Qi; Zheng, Xiang
作者单位：University of Mannheim; Chinese University of Hong Kong; Nanyang Technological University
摘要：We examine firms' trade-offs in their voluntary disclosure decisions following negative media coverage of climate change incidents. By combining a keyword discovery algorithm and a fine-tuned BERT model, we identify hard and soft climate disclosures on Twitter. Our findings indicate that firms tend to issue climate tweets as a rapid response to negative climate incidents. Additionally, firms with a history of hard climate change disclosure, as measured by ESG reports, are more likely to issue ...
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作者：Bilicka, Katarzyna; Casi, Elisa; Seregni, Carol; Stage, Barbara M. B.
作者单位：Utah System of Higher Education; Utah State University; National Bureau of Economic Research; Norwegian School of Economics (NHH); University of Pennsylvania; WHU - Otto Beisheim School of Management
摘要：We investigate the effects of a qualitative tax disclosure mandate aimed at improving tax transparency and compliance by imposing reputational costs for firms. We use, as an exogenous shock, the 2016 UK reform that required large businesses to disclose their tax strategy. We find that treated firms-those that must publish a tax strategy report-also significantly increase the volume of tax strategy disclosure in their annual reports, but this disclosure contains more boilerplate. The standalone...
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作者：Shanthikumar, Devin; Yoo, Il Sun
作者单位：University of California System; University of California Irvine; Singapore Management University
摘要：We examine how analysts' information acquisition and processing differ when analysts have access to AI resources, focusing on investment banks' AI investments. We propose and test a two-step framework, which is informed by in-depth interviews with analysts. First, consistent with AI facilitating automation-assisted public information processing, we show that AI investments are associated with more timely earnings forecasts following 10-K filings, particularly after the implementation of iXBRL,...
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作者：Croom, Joe
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：I use the setting of generative AI (GenAI) to examine how processing tool interactivity affects investors' self-assessments of ability and willingness to invest. Although GenAI can help investors process financial information, I theorize that the interactive nature of GenAI blurs the boundaries between investors' own abilities and those of GenAI, prompting investors to discount their reliance on GenAI and misattribute its abilities to themselves. I rely on the advantages of a laboratory settin...
