Review of Accounting Studies

最新文章

• Disclosure standards and communication norms: evidence of voluntary sustainability standards as a coordinating device for capital markets AI翻译
  作者：Bochkay, Khrystyna; Hales, Jeffrey; Serafeim, George
  作者单位：University of Miami; University of Texas System; University of Texas Austin; Harvard University
  摘要：We examine how the development of voluntary sustainability standards has affected the nature of information covered in earnings calls. Using industry-specific dictionaries of sustainability terms contained in the disclosure standards developed by the Sustainability Accounting Standards Board (SASB), we find an increase in coverage of sustainability topics identified as relevant to investors in SASB standards, particularly for companies that had little or no coverage of sustainability issues hi...
• The consequences of reputation-damaging events for Big Four auditors: evidence from 110 cases with media coverage between 2007 and 2019 AI翻译
  作者：Ege, Matthew; Wang, Dechun; Xu, Nina
  作者单位：Texas A&M University System; Texas A&M University College Station; University of Connecticut
  摘要：We make a collective assessment of the consequences of 110 auditor reputation-damaging events with media coverage (negative events) from 2007 to 2019 for the U.S. Big Four. First, we fail to find systematic evidence that investors react negatively to negative events. Second, while auditors experience statistically significant client loss after negative events, the effects are short-lived and economically negligible. Furthermore, we find statistically greater effects in situations where theory ...
• Mandatory patient surveys and hospital resource allocation AI翻译
  作者：Capkun, Vedran; Cianciaruso, Davide; Sinha, Kirti
  作者单位：Hautes Etudes Commerciales (HEC) Paris; New Economic School; University of Texas System; University of Texas Dallas
  摘要：We exploit the introduction of the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) survey to examine whether mandatory patient-experience reporting alters U.S. hospitals' resource allocation. Using a difference-in-differences design, we find that hospitals subject to the mandate reduce the share of spending devoted to clinical care, implying a 0.6% decline in clinical spending share. This equates to approximately $1 million annually for a mid-sized hospital. Consisten...
• Improving the production and reviewing of design science research in accounting AI翻译
  作者：Myers, Noah; Snow, Mason C.; Waddoups, Nathan; Wood, David A.
  作者单位：Utah System of Higher Education; Utah Valley University; University of Denver; Brigham Young University
  摘要：The design science research (DSR) methodology, widely adopted in computer science and engineering, remains underutilized in accounting. DSR is designed to produce practice-relevant scholarship. We examine 51 DSR articles published in accounting journals and offer six recommendations to strengthen both authoring and peer review: follow a clear framework, validate the research question, state artifact objectives, diversify artifact types, evaluate rigorously, and report results clearly. These re...
• Does gender composition of audit teams matter? An examination of audit quality and audit cost AI翻译
  作者：Khavis, Joshua A.; Sheneman, Amy G.; Szerwo, Brandon
  作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY; University System of Ohio; Ohio State University
  摘要：We examine the relation between the gender composition of audit teams and two important audit outcomes-audit quality and audit fees. We identify gender composition across auditor ranks with novel audit-office level data for 20 large U.S. public accounting firms from 2010 to 2018. We find engagements of audit offices with more female auditors are associated with higher audit quality and lower audit fees. We find the association between gender composition and audit outcomes is strongest at the s...
• How do multinational companies respond to destination-based consumption taxes? AI翻译
  作者：De Simone, Lisa; Olbert, Marcel
  作者单位：University of Texas System; University of Texas Austin; University of London; London Business School
  摘要：Taxing companies' goods or services where they are consumed, rather than where companies operate, limits tax avoidance and improves efficiency. However, such destination-based systems are hard to enforce. Therefore, in the European Union, value-added taxes on digital business-to-consumer (B2C) sales were historically based on the seller's location or origin, allowing multinational companies to route sales through low-VAT countries. We study the impact of a 2015 reform that required multination...
• Do key audit matter disclosures about M&A transactions predict future performance? AI翻译
  作者：Nylen, Jessica A.; Wangerin, Daniel D.; Zehms, Karla M.
  作者单位：University of Wisconsin System; University of Wisconsin Madison
  摘要：This study examines whether auditor KAM disclosures about M&A transactions predict future performance outcomes. We find that auditors make more M&A KAM disclosures when M&A transactions are larger, involve targets with greater information asymmetry, and are subject to greater overpayment risk. When auditors disclose M&A KAMs in the acquisition year, we find an increased risk of larger goodwill impairments and that the association between acquired goodwill and changes in companies' subsequent o...
• The consequences of expanded audit reporting: implications of tax key audit matters for tax attribute valuation and auditor-provided tax services AI翻译
  作者：Lynch, Daniel P.; Mandell, Aaron; Rousseau, Linette M.
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Wisconsin System; University of Wisconsin Milwaukee; University of Houston System; University of Houston
  摘要：This study examines the consequences of tax key audit matters (KAMs) to the valuation of tax attributes and to auditor-provided tax services (APTS). The literature finds that KAM adoption is not associated with investor or audit outcomes, creating an impetus to identify whether specific KAM topics are more consequential. Tax KAMs are an ideal setting because they are prevalent, taxes are economically important, and auditors can provide tax services to their clients. We find that investors disc...
• US multinationals' foreign cash holdings: an empirical estimate and the impact of the tax cuts and jobs act of 2017 on the value of foreign cash AI翻译
  作者：Campbell, John L.; Dhaliwal, Dan S.; Krull, Linda K.; Schwab, Casey M.
  作者单位：University System of Georgia; University of Georgia; University of Arizona; University of Oregon; University of North Texas System; University of North Texas Denton
  摘要：We use publicly available information to estimate the country location of multinational firms' cash holdings, examine why investors discount the value of cash held overseas, and examine whether that discount changes after the Tax Cuts and Jobs Act (TCJA) of 2017. We provide three main results. First, our firm-year foreign cash estimates are reasonably accurate, evidenced by high correlations with simulated data and proprietary country-level data, high adjusted R-2 when explaining a firm's tota...
• The consequences of audit firm mobility for attestation services across states AI翻译
  作者：Pan, Pecky Yi; Lee, Gladys; Lin, Yi-Hung
  作者单位：Monash University
  摘要：This study investigates how audit firm-level spatial licensing requirements affect audit market competition and audit quality, focusing on small (triennially inspected) audit firms, for which licensing frictions are most relevant. Exploiting the staggered state-level adoption of CPA firm mobility provisions that remove spatial licensing barriers, we find that adoption increases competition among small audit firms, as reflected by lower market concentration and greater first-time entry by small...