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作者：Bol, Jasmijn; Laviers, Lisa; Sandvik, Jason
作者单位：Tulane University; University of Arizona
摘要：Running a contest can help managers elicit creative ideas from employees by providing employees with incentives to develop and share ideas that will help the firm. Little is known, however, about how contest design affects the outcomes of subjectively evaluated creativity-based contests. We conduct an experiment to investigate the impact of two contest design choices, the job role of the contest's evaluator, and the number of prizes that participants compete for, on employee participation beha...
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作者：Flam, Rachel W.; Green, Jeremiah; Lee, Joshua A.; Sharp, Nathan Y.
作者单位：University of London; London Business School; Texas A&M University System; Texas A&M University College Station; Brigham Young University
摘要：We investigate ethnic minority and nonminority sell-side analysts' participation in public earnings conference calls. We find that minority analysts are underrepresented in conference call Q & A sessions, and minority analysts who do participate on the calls experience lower levels of prioritization than do nonminority analysts. Minority analysts' lower participation rates are partially but not fully mediated by characteristics such as experience, work environment, and stock rating favorabilit...
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作者：Ferguson, Duke
作者单位：University of Kentucky
摘要：This study examines whether taxpayers intentionally avoid Internal Revenue Service (IRS) third-party reports. In 2017 an IRS amendment created a quasi-exogenous shock that reduced third-party tax reporting of pari-mutuel gambling winnings from certain types of wagers. I consider the effect that this rule change had on taxpayer behavior. Using a difference-in-differences research design comparing thoroughbred racing in the United States to Canada, I find a 27% increase in gambler's investment i...
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作者：Distelhorst, Gregory; Shin, Jee-eun
作者单位：University of Toronto; University of Toronto
摘要：This study examines an initiative by a large multinational garment retailer (H&M Group) to increase wages at its supplier factories by intervening in their wage-related management practices. Difference-in-differences estimates based on eight years of data from over 1,800 factories show that the interventions were associated with an average real wage increase of approximately 5% by the third year of implementation. Our estimates suggest that the intervention-associated wage increase was many ti...
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作者：Pawliczek, Andrea; Skinner, A. Nicole; Zechman, Sarah L. C.
作者单位：University of Colorado System; University of Colorado Boulder; University System of Georgia; University of Georgia
摘要：We examine whether voluntary disclosure is associated with incentives for firms to collude. Public disclosure can facilitate collusion by aiding with coordination and monitoring for defections. Using common ownership (investors holding stock in competing firms) to identify reduced incentives to compete, we find a positive association between public disclosure and these incentives. We also find that common ownership is positively associated with measures of disclosure that are likely to facilit...
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作者：Guggenmos, Ryan D.; Rennekamp, Kristina; Rupar, Kathy; Wang, Sean
作者单位：Cornell University; University System of Georgia; Georgia Institute of Technology; Southern Methodist University
摘要：This study uses a controlled experiment to examine the trade-off between managers' use of non-GAAP and GAAP earnings to satisfy market expectations and how this relationship can be moderated by both formal and informal regulatory attention to non-GAAP earnings. Our key takeaway is that allowing financial reporting discretion in an alternative disclosure channel, that is, non-GAAP earnings, can reduce firms' opportunistic GAAP reporting. However, statements by regulators about increased attenti...
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作者：Choudhary, Preeti; Merkley, Kenneth; Schipper, Katherine
作者单位：University of Arizona; Indiana University System; Indiana University Bloomington; Duke University
摘要：We analyze the disposition of auditor-proposed adjustments to financial statements. Our analyses address concerns, expressed by regulators and others, that auditors and their clients fixate on quantitative thresholds and overlook qualitative factors in assessing the materiality of discovered misstatements. Using a large sample of Public Company Accounting Oversight Board (PCAOB)-inspected audits, we examine the frequency with which management records versus waives auditor-proposed adjustments ...
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作者：Smith, Kevin C.; So, Eric C.
作者单位：Stanford University; Massachusetts Institute of Technology (MIT)
摘要：We develop a measure of how information events impact investors' expectations of risk. The measure is broadly applicable and simple to implement. We derive it from an option-pricing model, where investors anticipate an announcement that simultaneously conveys information on the announcer's expected future cash flows and risk profile. We empirically implement the measure using firms' earnings announcements, showing that it closely aligns with our model's predictions and offers strong forecastin...
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作者：Liu, Miao
作者单位：Boston College
摘要：Effective financial reporting requires efficient information processing. This paper studies factors that determine efficient information processing. I exploit a unique small business lending setting where I am able to observe the entire codified demographic and accounting information set that loan officers use to make decisions. I decompose the loan officers' decisions into a part driven by codified hard information and a part driven by uncodified soft information. I show that a machine learni...
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作者：Neilson, Jed J.; Ryan, Stephen G.; Wang, K. Philip; Xie, Biqin
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; New York University; State University System of Florida; University of Florida
摘要：As of November 2016, SEC Regulation (Reg) AB II requires issuers of certain types of asset-backed securities (ABS) to disclose the credit-risk attributes of each asset in the underlying pool, a substantial expansion of prior disclosure requirements. We examine how ABS issuers' asset-level disclosures under Reg AB II affect the (e)valuation of ABS by investors and credit rating agencies. Using difference-in-differences models that compare affected and unaffected types of ABS, we find that these...
