Review of Accounting Studies

最新文章

• On the dynamics between local and international tax planning in multinational corporations AI翻译
  作者：Beuselinck, Christof; Pierk, Jochen
  作者单位：IESEG School of Management; Universite de Lille; Centre National de la Recherche Scientifique (CNRS); CNRS - Institute for Humanities & Social Sciences (INSHS); Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
  摘要：The international dimension of multinational corporations creates opportunities for pursuing both global as well as local (i.e., unilateral subsidiary country) tax planning strategies. To date, however, researchers have limited insights into both the dynamics and relative importance of one versus another strategy for multinationals. We propose and test a group-level ETR-based measure of profit shifting and validate it by showing it correctly identifies profit shifting reductions when shifting ...
• Corporate carbon accounting: balance sheets and flow statements AI翻译
  作者：Reichelstein, Stefan
  作者单位：Stanford University
  摘要：Current corporate disclosures regarding carbon emissions lack generally accepted accounting rules. The transactional carbon accounting system described here takes the rules of historical cost accounting for operating assets as a template for generating carbon emissions (CE) statements comprising a balance sheet and a flow statement. The asset side of the CE balance sheet reports the carbon emissions embodied in operating assets. The liability side conveys the firm's cumulative direct emissions...
• How do financial executives respond to the use of artificial intelligence in financial reporting and auditing? AI翻译
  作者：Estep, Cassandra; Griffith, Emily E.; MacKenzie, Nikki L.
  作者单位：Emory University; University of Wisconsin System; University of Wisconsin Madison; University System of Georgia; Georgia Institute of Technology
  摘要：Financial reporting quality can benefit from companies and auditors using artificial intelligence (AI) in complex and subjective financial reporting areas. However, benefits will only accrue if managers incorporate AI-based information into their financial reporting decisions, which the popular press and academic literature suggest is uncertain. We use a multi-method approach to examine how financial executives view and respond to AI. In a survey, respondents describe various uses of AI at the...
• IPO price formation and analyst coverage AI翻译
  作者：Weber, Joseph; Willenborg, Michael; Wu, Biyu; Yang, Yanhua Sunny
  作者单位：Massachusetts Institute of Technology (MIT); University of Connecticut; University of Nebraska System; University of Nebraska Lincoln
  摘要：Given important market and regulatory changes over the past two decades, we re-examine the relation between IPO pricing and coverage by sell-side stock analysts. Our design builds on the well-documented finding of the partial adjustment phenomenon, in that the IPO offer price revision following the road show is highly predictive of the first-day return. We provide new insights to the literature on IPO analyst coverage/recommendations. With respect to coverage, we find no evidence to suggest th...
• Prosocial CEOs, corporate policies, and firm value AI翻译
  作者：Feng, Mei; Ge, Weili; Ling, Zhejia; Loh, Wei Ting
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Washington; University of Washington Seattle; California State University System; California State University Fullerton; Singapore Management University
  摘要：This paper examines how chief executive officers' (CEOs') prosocial tendency influences corporate policies and firm value. We use individuals' involvement with charitable organizations as a proxy for prosocial tendency. We find that, compared to firms with non-prosocial CEOs, firms with prosocial CEOs have lower executive subordinate turnover, implement more employee-friendly policies, experience higher customer satisfaction, and engage in more socially responsible activities. We also find tha...
• CEO pay ratio voluntary disclosures and stakeholder reactions AI翻译
  作者：LaViers, Lisa; Sandvik, Jason; Xu, Da
  作者单位：Tulane University; University of Arizona; Tsinghua University
  摘要：Since 2018 the Security and Exchange Commission has required firms to disclose the ratio of their chief executive officer's and median employee's pay. This rule was enacted to address increasing concerns from investors about the human capital management practices of firms. Due to the uncertainty surrounding the ratio's interpretation, some managers provide voluntary disclosures to complement and clarify their mandatory disclosures. We document this behavior by manually inspecting the proxy sta...
• Real effects of tax audits AI翻译
  作者：Belnap, Andrew; Hoopes, Jeffrey L.; Maydew, Edward L.; Turk, Alex
  作者单位：University of Texas System; University of Texas Austin; University of North Carolina; University of North Carolina Chapel Hill
  摘要：Tax audits are a necessary component of the tax system, but policymakers and others have expressed concerns about their potentially adverse real effects. Understanding the causal effects of tax audits has been hampered by lack of data and because typically tax audits are not randomly assigned. We use administrative data from random tax audits of small businesses to examine the real effects of being subject to a tax audit. We find that audited firms are more likely to go out of business followi...
• The Crypto-influencers AI翻译
  作者：Merkley, Kenneth J.; Pacelli, Joseph; Piorkowski, Mark; Williams, Brian
  作者单位：Indiana University System; Indiana University Bloomington; Harvard University
  摘要：This study examines the investment value of information provided by crypto-influencers, that is, social media influencers covering crypto assets on Twitter. We examine the returns associated with approximately 36,000 tweets issued by 180 of the most prominent crypto social media influencers covering over 1,600 crypto assets for the two years spanning through December 2022. Our primary results indicate that crypto-influencers' tweets are initially associated with positive returns. However, thes...
• Market and regulatory implications of social identity cohorts: a discussion of crypto influencers AI翻译
  作者：Jagolinzer, Alan D.
  作者单位：University of Cambridge
  摘要：Merkley et al. (2023) examine how cryptocurrency influencers recommend digital coins on Twitter (X) and the associated price effects. They report that influencers may exploit market investors via potential pump and dump schemes. While plausible, researchers may develop a broader understanding of influencers' incentives and their influence by considering how investors engage these markets for social identity needs that enhance utility. Social-psychological research indicates that someone's soci...
• Tax avoidance and firm value: does qualitative disclosure in the tax footnote matter? AI翻译
  作者：Luo, Le; Ma, Mark Shuai; Omer, Thomas C.; Xie, Hong
  作者单位：Central University of Finance & Economics; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Nebraska System; University of Nebraska Lincoln; University of Kentucky
  摘要：This study examines whether qualitative disclosure in tax footnotes affects the market valuation of tax avoidance activities. We predict that more disclosures in tax footnotes mitigate investors' concerns over the agency risk of managers engaging in potentially illegal tax avoidance and improve the transparency of firm performance, thus increasing firm valuation. Consistent with the prediction, we find that the market valuation of tax avoidance increases when firms' tax footnotes disclose more...