Journal of Accounting Research

最新文章

• Who Believes the Hype? An Experimental Examination of How Language Affects Investor Judgments (vol 49, pg 223, 2011) AI翻译
  作者：Hales, Jeffrey; Kuang, Xi (Jason); Venkataraman, Shankar
• JAR Virtual Issue on Corporate Governance-When is Corporate Governance Research Relevant to Accounting? Evidence from JAR 2002-2018 AI翻译
  作者：Ertimur, Yonca; Ferri, Fabrizio
  作者单位：University of Colorado System; University of Colorado Boulder; University of Miami
• Consequences of Debt Forgiveness: Strategic Default Contagion and Lender Learning AI翻译
  作者：Perez-Cavazos, Gerardo
  作者单位：Harvard University
  摘要：I use a unique data set of loans to small business owners to examine whether lenders face adverse consequences when they grant debt forgiveness to borrowers. I provide evidence consistent with borrowers communicating their debt forgiveness to other borrowers, who then more frequently strategically default on their own obligations. This strategic default contagion is economically large. When the lender doubles debt forgiveness, the default rate increases by 10.9% on average. Using an exogenous ...
• The Impact of Information Processing Costs on Firm Disclosure Choice: Evidence from the XBRL Mandate AI翻译
  作者：Blankespoor, Elizabeth
  作者单位：University of Washington; University of Washington Seattle
  摘要：This paper examines the effect of market participants' information processing costs on firms' disclosure choice. Using the recent eXtensible Business Reporting Language (XBRL) regulation, I find that firms increase their quantitative footnote disclosures upon implementation of XBRL detailed tagging requirements designed to reduce information users' processing costs. These results hold in a difference-in-difference design using matched nonadopting firms as controls, as well as two additional id...
• Director-Liability-Reduction Laws and Conditional Conservatism AI翻译
  作者：Basu, Sudipta; Liang, Yi
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
  摘要：We study nonofficer directors' influence on the accounting conservatism of U.S. public firms. Between 1986 and 2002, all 50 U.S. states enacted laws that limited nonofficer directors' litigation risk but often left officer directors' litigation risk unchanged. We find that conditional conservatism decreased after the staggered enactments of the laws, which we attribute to less nonofficer director monitoring of financial reporting in affected firms. Conservatism fell less when shareholder or de...
• Fraud Allegations and Government Contracting AI翻译
  作者：Heese, Jonas; Perez-Cavazos, Gerardo
  摘要：This paper examines whether fraud allegations affect firms' contracting with the government. Using a data set of whistleblower allegations brought under the False Claims Act against firms accused of defrauding the government, we find that federal agencies do not reduce the total dollar volume of contracts with accused firms; however, they substitute approximately 14% of the harder-to-monitor cost-plus contracts for fixed-price contracts. This effect is concentrated in the procurement of servic...
• Management by the Numbers: A Formal Approach to Deriving Informational and Distributional Properties of Unmanaged Earnings AI翻译
  作者：Hemmer, Thomas; Labro, Eva
  作者单位：Rice University; University of North Carolina; University of North Carolina Chapel Hill
  摘要：We explore the theoretical relation between earnings and market returns as well as the properties of earnings frequency distributions under the assumption that managers use unbiased accounting information to sequentially decide on real options their firms have and report generated earnings truthfully, with the market pricing the firm based on those reported earnings. We generate benchmarks against which empirically observed earnings-returns relations and aggregate earnings distributions can be...
• Relative Target Setting and Cooperation AI翻译
  作者：Holzhacker, Martin; Kramer, Stephan; Matejka, Michal; Hoffmeister, Nick
  作者单位：Michigan State University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Arizona State University; Arizona State University-Tempe
  摘要：A large stream of work on relative performance evaluation highlights the benefits of using information about peer performance in contracting. In contrast, the potential costs of discouraging cooperation among peers have received much less attention. The purpose of our study is to examine how the importance of cooperation affects the use of information about peer performance in target setting, also known as relative target setting. Specifically, we use data from an industrial services company w...
• International Mergers and Acquisitions Laws, the Market for Corporate Control, and Accounting Conservatism AI翻译
  作者：Khurana, Inder K.; Wang, Wei
  作者单位：University of Missouri System; University of Missouri Columbia; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
  摘要：Exploiting the staggered enactment of country-level mergers and acquisitions (M&A) law as an exogenous increase in corporate takeover threat, this paper examines how a disciplinary market for corporate control affects accounting conservatism. Following M&A law adoption, we find increased accounting conservatism, with more pronounced effects in countries with weak shareholder protection and in those experiencing larger growth in takeover activity. Further analysis reveals that elevated takeover...
• An Investigation of Auditors' Judgments When Companies Release Earnings Before Audit Completion AI翻译
  作者：Bhaskar, Lori Shefchik; Hopkins, Patrick E.; Schroeder, Joseph H.
  作者单位：Indiana University System; Indiana University Bloomington
  摘要：The majority of U.S. public companies release annual earnings prior to the completion of audit fieldwork. We investigate this phenomenon in a controlled experiment with audit partners and senior managers. We find that releasing earnings before completion of the audit pressures auditors to adopt the goals of management, thereby reducing the likelihood of post-announcement audit-adjustment recommendations. We also examine the effect of audit committee (AC) strength in improving auditors' judgmen...