The Accounting Review

最新文章

• Worth the Hype? The Relevance of Paid-For Analyst Research for the Buy-and-Hold Investor AI翻译
  作者：Billings, Bruce K.; Buslepp, William L.; Huston, G. Ryan
  作者单位：State University System of Florida; Florida State University; Texas Tech University System; Texas Tech University; State University System of Florida; University of South Florida
  摘要：The SEC Advisory Committee on Smaller Public Companies recommends paid-for research to fill the void created by declining sell-side coverage. Potential conflicts of interest inherent in paid-for research challenge this recommendation. We evaluate whether paid-for research provides value to investors or merely reflects hype. Analyses of one- and two-year-ahead paid-for earnings forecasts fail to identify significant bias. Using a portfolio approach, favorable (unfavorable) paid-for recommendati...
• Who's Really in Charge? Audit Committee versus CFO Power and Audit Fees AI翻译
  作者：Beck, Matthew J.; Mauldin, Elaine G.
  作者单位：Michigan State University; University of Missouri System; University of Missouri Columbia
  摘要：Although regulation makes audit committees responsible for determining and negotiating audit fees, researchers and practitioners express concerns that CFOs continue to control these negotiations. Thus, regulation may give investors a false sense of security regarding auditor independence. We utilize the recent financial crisis and economic recession as an exogenous shock that allows us to shed light on the relative influence of the audit committee and the CFO on fee negotiations. During the re...
• Annual Report and Editorial Commentary for The Accounting Review AI翻译
  作者：Evans, John Harry, III
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
• Network Ties Among Low-Tax Firms AI翻译
  作者：Brown, Jennifer L.; Drake, Katharine D.
  作者单位：Arizona State University; Arizona State University-Tempe; University of Arizona
  摘要：This study examines (1) whether network ties help explain variation in tax avoidance, and (2) how the relation between network ties and tax avoidance varies depending on the nature and context of those ties. We posit that information on a range of tax-avoidance strategies is shared among firms through their social network connections. Using board interlocks to proxy for these connections, we find that firms with greater board ties to low-tax firms have lower cash ETRs themselves. Ties to low-t...
• The Failure and the Future of Accounting: Strategy, Stakeholders, and Business Value AI翻译
  作者：Page, Michael
  作者单位：University of Portsmouth
• Is the Decline in the Information Content of Earnings Following Restatements Short-Lived? AI翻译
  作者：Chen, Xia; Cheng, Qiang; Lo, Alvis K.
  作者单位：Singapore Management University; Boston College
  摘要：Prior research finds that the decline in the information content of earnings after restatement announcements is short-lived and the earnings response coefficient (ERC) bounces back after three quarters. We re-examine this issue using a more recent and comprehensive sample of restatements. We find that material restatement firms experience a significant decrease in the ERC over a prolonged period-close to three years after restatement announcements. In contrast, other restatement firms experien...
• Neuroscience and Ultimate Causation in Accounting Research AI翻译
  作者：Waymire, Gregory B.
  作者单位：Emory University
  摘要：What is human nature? It is not the genes, which prescribe it, or culture, its ultimate product. Rather, human nature is something else for which we have only begun to find ready expression. It is the epigenetic rules, the hereditary regularities of mental development that bias cultural evolution in one direction as opposed to another, and thus connect the genes to culture... The search for human nature can be viewed as the archaeology of epigenetic rules. It is destined to be a vital part of ...
• The Audit Committee: Management Watchdog or Personal Friend of the CEO? (vol 89, pg 113, 2014) AI翻译
  作者：Bruynseels, Liesbeth
• Do Growth-Option Firms Use Less Relative Performance Evaluation? AI翻译
  作者：Albuquerque, Ana Maria
  作者单位：Boston University; Universidade Catolica Portuguesa
  摘要：The use of relative performance evaluation (RPE) in compensation contracts for CEOs at growth-option (GO) firms that operate in more volatile environments can provide insurance against common exogenous shocks and thus reduce the amount of risk that CEOs face. However, the implementation of RPE for high-GO firms can be impaired by these firms' inability to find a peer group that captures common risk exposure. This paper studies GO firms' reliance on RPE and finds that the use of RPE in CEO comp...
• Incentive System Design in Creativity-Dependent Firms AI翻译
  作者：Grabner, Isabella
  作者单位：Maastricht University
  摘要：I empirically investigate the impact of an organization's creativity dependency on the design of its incentive system. In firms for which the primary source of value creation is the creativity of core employees, the designs of incentive systems are particularly challenging. The nature of creative work constrains the feasibility of extrinsic incentives, but at the same time creates a need for them. Accordingly, there is concern that the use of incentives renders people not creative enough, but ...