The Accounting Review

最新文章

• Internal Control Quality: The Role of Auditor-Provided Tax Services AI翻译
  作者：De Simone, Lisa; Ege, Matthew S.; Stomberg, Bridget
  作者单位：Stanford University; Texas A&M University System; Texas A&M University College Station; University System of Georgia; University of Georgia
  摘要：We propose that auditor-provided tax services (tax NAS) improve internal control quality by accelerating audit firm awareness of transactions material to the financial statements. Using data from 2004 to 2012, we find robust evidence that companies purchasing tax NAS are significantly less likely to disclose a material weakness and that this result is not due to auditor independence impairment. A one-standard-deviation increase in tax NAS is associated with approximately a 13 percent decrease ...
• Potential Functional and Dysfunctional Effects of Continuous Monitoring (Retraction of vol 83, pg 1551, 2008) AI翻译
  作者：Hunton, James E.; Mauldin, Elaine G.; Wheeler, Patrick R.
  作者单位：Bentley University; University of Missouri System; University of Missouri Columbia
• Financial Reporting Transparency and Earnings Management (Retraction of vol 81, pg 135, 2006) AI翻译
  作者：Hunton, James E.; Libby, Robert; Mazza, Cheri L.
  作者单位：Bentley University; Cornell University; Fordham University
• Product Market Power and Tax Avoidance: Market Leaders, Mimicking Strategies, and Stock Returns AI翻译
  作者：Kubick, Thomas R.; Lynch, Daniel P.; Mayberry, Michael A.; Omer, Thomas C.
  作者单位：University of Kansas; University of Wisconsin System; University of Wisconsin Madison; State University System of Florida; University of Florida; University of Nebraska System; University of Nebraska Lincoln
  摘要：Product market power provides firms with comparative advantages through more persistent profitability and insulation from competitive threats. These advantages likely provide firms with the ability to engage in greater tax avoidance. We present evidence consistent with this hypothesis. We also show that firms mimic the tax outcomes of their product market leaders. Among firms with greater product market power and comparatively high cash tax avoidance, we find stock prices to be less informativ...
• Impaired Judgment: The Effects of Asset Impairment Reversibility and Cognitive Dissonance on Future Investment AI翻译
  作者：Rennekamp, Kristina; Rupar, Kathy K.; Seybert, Nicholas
  作者单位：Cornell University; State University System of Florida; University of Florida; University System of Maryland; University of Maryland College Park
  摘要：This paper examines how the reversibility of the accounting effect of asset impairments affects managers' investment decisions. We conduct two experiments in which participants act as CEO of a multi-division electronics company that suffers a large asset impairment at one of the divisions. Drawing on prior psychology research involving cognitive dissonance and decision reversibility, we predict and find that managers who are responsible for the decision to record the asset impairment invest mo...
• Does Mandatory IFRS Adoption Affect Crash Risk? AI翻译
  作者：DeFond, Mark L.; Hung, Mingyi; Li, Siqi; Li, Yinghua
  作者单位：University of Southern California; Hong Kong University of Science & Technology; Santa Clara University; Arizona State University; Arizona State University-Tempe
  摘要：We test whether mandatory IFRS adoption affects firm-level crash risk, defined as the frequency of extreme negative stock returns. We separately analyze nonfinancial firms and financial firms because IFRS is likely to affect their crash risk differently. We find that IFRS adoption decreases crash risk among nonfinancial firms, especially among firms in poor information environments and in countries where IFRS adoption results in larger and more credible changes to local GAAP. In contrast, IFRS...
• Speech Analysis in Financial Markets AI翻译
  作者：Minnis, Michael
  作者单位：University of Chicago
• How Does Readability Influence Investors' Judgments? Consistency of Benchmark Performance Matters AI翻译
  作者：Tan, Hun-Tong; Wang, Elaine Ying; Zhou, Bo
  作者单位：Nanyang Technological University; University of Massachusetts System; University of Massachusetts Amherst; Shanghai University of Finance & Economics
  摘要：We conduct two experiments to investigate how readability (high versus low) and benchmark performance consistency (consistent versus inconsistent) influence investors' judgments. Using prior management guidance and year-ago quarter performance as two benchmarks against which to assess actual earnings performance, we manipulate whether the valence of guidance performance (positive or negative) and the valence of trend performance (positive or negative) are consistent with each other. We also ma...
• The Unaccountable & Ungovernable Corporation: Companies' Use-By Dates Close In AI翻译
  作者：Partnoy, Frank
  作者单位：University of San Diego
• Audit Fees and Social Capital AI翻译
  作者：Jha, Anand; Chen, Yu
  作者单位：Texas A&M University System; Texas A&M International University
  摘要：We examine the impact of social capital on audit fees. We find that firms headquartered in U.S. counties with high social capital pay lower audit fees. Social capital measures the level of mutual trust in a region. Our results suggest that auditors judge the trustworthiness of their clients based on where the firm is headquartered and charge a premium when they trust the firm less. The basis of our results is the examination of more than 28,000 audit fees for more than 5,000 firms spanning the...