The Accounting Review

最新文章

• Mandatory Disclosure and Firm Behavior: Evidence from Share Repurchases AI翻译
  作者：Bonaime, Alice Adams
  作者单位：University of Kentucky
  摘要：This paper examines changes in corporate behavior around the 2003 modification to SEC Rule 10b-18, which mandates enhanced disclosure of repurchase transactions. Firms announce significantly fewer and slightly smaller open market repurchase plans in the enhanced disclosure environment. However, completion rates (the amount of stock repurchased as a percentage of the announced amount) significantly increase. More conservative announcement strategies and more aggressive completion rates are cons...
• The Effects of Client Identity Strength and Professional Identity Salience on Auditor Judgments AI翻译
  作者：Bauer, Tim D.
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign
  摘要：Considerable recent audit regulation, both proposed and mandated, and accounting research has focused on auditor independence threats arising over long auditor tenure. Psychology research, however, suggests independence threats also likely arise when auditor tenure is short because auditors can quickly develop a strong client identity, raising questions about the effectiveness of mandatory audit partner or firm rotation to address independence concerns. Relying on Social Identity Theory, I exa...
• Selection Benefits of Stock-Based Compensation for the Rank-and-File AI翻译
  作者：Hales, Jeffrey; Wang, Laura W.; Williamson, Michael G.
  作者单位：University System of Georgia; Georgia Institute of Technology; University of Illinois System; University of Illinois Urbana-Champaign; University of Texas System; University of Texas Austin
  摘要：We investigate a potential selection benefit of stock-based compensation for rank-and-file employees, whose pay under this compensation form is insensitive to their individual efforts. We use a laboratory experiment to demonstrate that individuals with higher levels of dispositional optimism are more likely to choose compensation that is contingent on a company's future stock price than to choose fixed pay, even after controlling for the individual's risk preferences. Furthermore, compared to ...
• An Assessment of the Relation Between Analysts' Earnings Forecast Accuracy, Motivational Incentives and Cognitive Information Search Strategy (Retraction of vol 72, pg 497, 1997) AI翻译
  作者：Hunton, James E.; McEwen, Ruth Ann
  作者单位：State University System of Florida; University of South Florida; Virginia Commonwealth University
• The Routledge Companion to Accounting Education AI翻译
  作者：Hooks, Karen L.
  作者单位：State University System of Florida; Florida Atlantic University
• Fair Value Accounting in Historical Perspective AI翻译
  作者：Jack, Lisa
  作者单位：University of Portsmouth
• Evidence on Contagion in Earnings Management AI翻译
  作者：Kedia, Simi; Koh, Kevin; Rajgopal, Shivaram
  作者单位：Rutgers University System; Rutgers University New Brunswick; Nanyang Technological University; Columbia University
  摘要：We examine contagion in earnings management using 2,376 restatements announced during the years 1997-2008. Controlling for industry and firm characteristics, firms are more likely to begin managing earnings after the public announcement of a restatement by another firm in their industry or neighborhood. Such contagion is absent when the restating firm is disciplined by the SEC or class action lawsuits, suggesting deterrent effects of enforcement activity. Contagion among peers is observed (1) ...
• Who Did the Audit? Audit Quality and Disclosures of Other Audit Participants in PCAOB Filings AI翻译
  作者：Dee, Carol Callaway; Lulseged, Ayalew; Zhang, Tianming
  作者单位：University of Colorado System; University of Colorado Denver; University of Colorado Anschutz Medical Campus; Children's Hospital Colorado; University of North Carolina; University of North Carolina Greensboro; State University System of Florida; Florida State University
  摘要：We empirically test whether audit quality is affected when part of an SEC issuer's audit is outsourced to auditors other than the principal auditor (participating auditors''). We find a significantly negative market reaction and a significant decline in earnings response coefficients (ERCs) for experimental issuers disclosed for the first time as having participating auditors involved in their audits. However, we find no market reaction and no decline in ERCs for a matching sample of issuers t...
• Performance Target Revisions in Incentive Contracts: Do Information and Trust Reduce Ratcheting and the Ratchet Effect? AI翻译
  作者：Bol, Jasmijn C.; Lill, Jeremy B.
  作者单位：Tulane University; University System of Georgia; Georgia State University
  摘要：In this study, we examine a setting where principals use past performance to annually revise performance targets, but do not fully incorporate the past performance information in their target revisions. We argue that this situation is driven by some principals and agents having an implicit agreement where the principal allows'' the agent to receive economic rents from positive performance-target deviations that are the result of superior effort or transitory gains by not revising targets upwar...
• Macroeconomic Consequences of Accounting: The Effect of Accounting Conservatism on Macroeconomic Indicators and the Money Supply AI翻译
  作者：Crawley, Michael J.
  作者单位：Indiana University System; Indiana University Bloomington
  摘要：This study investigates the macroeconomic consequences of firm-level accounting conservatism. Consistent with conditional conservatism extending to the aggregate level, I demonstrate that annual estimates of aggregate corporate profits and gross domestic product compiled by the U.S. Bureau of Economic Analysis are more sensitive to negative aggregate news than to positive aggregate news. Next, I estimate the dollar value impact of conservatism on measurements of macroeconomic fundamentals. Fin...