The Accounting Review

最新文章

• Volatility Forecasting Using Financial Statement Information AI翻译
  作者：Sridharan, Suhas A.
  作者单位：University of California System; University of California Los Angeles
  摘要：This paper examines whether financial statement information can predict future realized equity volatility incremental to market-based equity volatility forecasts. I use an analytical framework to identify accounting-based drivers of realized volatility. My main hypothesis is that accounting-based drivers can be used to forecast future realized volatility incremental to either past realized volatility or option-implied volatility. I confirm this empirically and document abnormal returns to an o...
• Delegating Disclosure and Production Choices AI翻译
  作者：Bagnoli, Mark; Watts, Susan G.
  作者单位：Purdue University System; Purdue University
  摘要：We study how joint delegation of production and disclosure choices alters the incentives that firm owners offer to their managers. Our first set of results shows how the incentive weights that owners place on revenues are affected by firm characteristics and by whether their manager chooses ex ante voluntary disclosure. This arises because the owners choose how sensitive the manager's compensation is to her production choice and, because this sensitivity is naturally greater if the manager opt...
• Fee Discounting and Audit Quality Following Audit Firm and Audit Partner Changes: Chinese Evidence AI翻译
  作者：Huang, Hua-Wei; Raghunandan, K.; Huang, Ting-Chiao; Chiou, Jeng-Ren
  作者单位：National Cheng Kung University; State University System of Florida; Florida International University; Monash University
  摘要：Issues related to low-balling of initial year audit fees and the resultant impact on audit quality have received significant attention from regulators in many countries. Using 9,684 observations from China during the years 2002-2011, we find that there is a significant initial year audit fee discount following an audit firm change when both of the signing audit partners are different from the prior year. The evidence is mixed if one or both of the signing partners from the prior year also move...
• The Reckoning: Financial Accountability and the Rise and Fall of Nations AI翻译
  作者：Waymire, Gregory B.
  作者单位：Emory University
• Annual Report and Editorial Commentary for The Accounting Review AI翻译
  作者：DeFond, Mark L.
  作者单位：University of Southern California
• Auditor Industry Specialization and Evidence of Cost Efficiencies in Homogenous Industries AI翻译
  作者：Bills, Kenneth L.; Jeter, Debra C.; Stein, Sarah E.
  作者单位：University of Arkansas System; University of Arkansas Fayetteville; Vanderbilt University; Virginia Polytechnic Institute & State University
  摘要：This study examines the audit pricing effects when auditors specialize in industries conducive to transferable audit processes. Our results indicate that industry specialists charge incrementally lower fees in industries with homogenous operations, and particularly in industries with both homogenous operations and complex accounting practices. Moreover, we discover that audit quality is no lower for clients audited by these specialists offering fee discounts, consistent with a conclusion that ...
• Capital Market Pressure, Disclosure Frequency-Induced Earnings/Cash Flow Conflict, and Managerial Myopia (Retraction of vol 80, pg 1, 2005) AI翻译
  作者：Bhojraj, Sanjeev; Libby, Robert
  作者单位：Cornell University
• Analyst Interest as an Early Indicator of Firm Fundamental Changes and Stock Returns AI翻译
  作者：Jung, Michael J.; Wong, M. H. Franco; Zhang, X. Frank
  作者单位：New York University; INSEAD Business School; University of Toronto; Yale University
  摘要：We posit that a change in analyst interest in a firm is an early indicator of the firm's future fundamentals, capital market activities, and stock returns. We measure increases in analyst interest by observing analysts who do not cover a firm but participate in that firm's earnings conference call, and we measure decreases in analyst interest by observing analysts who cover a firm, yet are absent from that firm's call. We find that increases in analyst interest are positively associated with f...
• Does Internal Audit Function Quality Deter Management Misconduct? AI翻译
  作者：Ege, Matthew S.
  作者单位：State University System of Florida; University of Florida
  摘要：Standard-setters believe high-quality internal audit functions (IAFs) serve as a key resource to audit committees for monitoring senior management. However, regulators do not enforce IAF quality or require disclosures relating to IAF quality, which is in stark contrast to regulatory requirements placed on boards, audit committees, and external auditors. Using proprietary data, I find that a composite measure of IAF quality is negatively associated with the likelihood of management misconduct e...
• Noncompliance with Mandatory Disclosure Requirements: The Magnitude and Determinants of Undisclosed Permanently Reinvested Earnings AI翻译
  作者：Ayers, Benjamin C.; Schwab, Casey M.; Utke, Steven
  作者单位：University System of Georgia; University of Georgia
  摘要：We develop estimates of a firm's foreign earnings designated as permanently reinvested (PRE) and the unrecorded deferred tax liability (TAX) associated with PRE that are independent of whether a firm explicitly discloses this information. We then investigate firms' noncompliance with Accounting Standards Codification (ASC) 740 provisions that require financial statement disclosure of PRE and either the tax associated with PRE or a statement that calculating the tax is not practicable. We find ...