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作者：Bol, Jasmijn C.; Smith, Steven D.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：We examine how subjective performance evaluations are influenced by the level and controllability of an accompanying measure of a separate performance dimension. In our experiment, supervisors evaluate the office administration performance of a hypothetical subordinate. We find that supervisors' subjective evaluations are directionally influenced by an accompanying objective measure of sales performance, even after excluding participants who perceive informativeness across measures. Consistent...
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作者：Brewster, Billy E.
作者单位：University of Texas System; University of Texas Arlington
摘要：Auditors are required to understand dynamic business environments as part of the performance of analytical procedures. Prior evidence, though, suggests that auditors have difficulty understanding such environments. This study reports an experimental investigation of techniques that help auditors to identify incorrect management representations by developing expectations that are both accurate and adaptive to changing business conditions. My predictions suggest that analyzing a dynamic client e...
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作者：Ayers, Benjamin C.; Li, Oliver Zhen; Yeung, P. Eric
作者单位：University System of Georgia; University of Georgia; University of Arizona
摘要：We examine whether the two distinct post-earnings-announcement drifts associated with seasonal random-walk-based and analyst-based earnings surprises are attributable to the trading activities of distinct sets of investors. We predict and find that small (large) traders continue to trade in the direction of seasonal random-walk-based (analyst-based) earnings surprises after earnings announcements. We also find that when small (large) traders react more thoroughly to seasonal random-walk-based ...
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作者：Rogers, Jonathan L.; Van Buskirk, Andrew; Zechman, Sarah L. C.
作者单位：University of Chicago; University System of Ohio; Ohio State University
摘要：We examine the relation between disclosure tone and shareholder litigation to determine whether managers' use of optimistic language increases litigation risk. Using both general-purpose and context-specific text dictionaries to quantify tone, we find that plaintiffs target more optimistic statements in their lawsuits and that sued firms' earnings announcements are unusually optimistic relative to other firms experiencing similar economic circumstances. These findings are consistent with optim...
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作者：Petrovits, Christine; Shakespeare, Catherine; Shih, Aimee
作者单位：George Washington University; University of Michigan System; University of Michigan; New York University
摘要：This study examines the causes and consequences of internal control deficiencies in the nonprofit sector using a sample of 27,495 public charities from 1999 to 2007. We first document that the likelihood of reporting an internal control problem increases for nonprofit organizations that are in poor financial health, growing, more complex, and/or smaller. We then present evidence that the disclosure of weak internal controls over financial reporting is negatively associated with subsequent dono...
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作者：Matsumoto, Dawn; Pronk, Maarten; Roelofsen, Erik
作者单位：University of Washington; University of Washington Seattle; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：Conference calls held in conjunction with an earnings release have become increasingly common in recent years, yet there is little evidence regarding the reasons that these calls are incrementally informative over the accompanying press release. Using a sample of more than 10,000 conference-call transcripts, we examine the information content of both segments of the call-the presentation and the discussion segment. We find that both segments have incremental information content over the accomp...
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作者：Landsman, Wayne R.; Miller, Bruce L.; Peasnell, Ken; Yeh, Shu
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of California System; University of California Los Angeles; Lancaster University; National Taiwan University
摘要：This study addresses whether firms' share prices correctly reflect two accounting measures: dirty surplus and really dirty surplus. Dirty surplus is readily observable from the financial statements, but really dirty surplus, which arises from recognizing equity transactions such as employee stock option exercises at other than fair market value, is not. Findings show that dirty surplus and really dirty surplus are irrelevant for forecasting abnormal comprehensive income. However, findings also...
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作者：De Franco, Gus; Wong, M. H. Franco; Zhou, Yibin
作者单位：University of Toronto; University of Texas System; University of Texas Dallas
摘要：We examine the valuation of financial statement note information at the time of 10-K filings. We find that stock returns around 10-K filings are positively related to accounting adjustments calculated from financial statement note information. We further document that the likelihood of equity analysts issuing a report and updating their target price estimates at the 10-K dates is increasing in the magnitude of the adjustments. Those analysts who do update their target prices at this time revis...
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作者：Jones, Denise A.; Smith, Kimberly J.
作者单位：William & Mary
摘要：Gains and losses reported as other comprehensive income (OCI) and as special items (SI) are often viewed as similar in nature: transitory items with little ability to predict future cash flows and minimal implications for company value. However, current accounting standards require SI gains and losses to be recognized in net income, while OCI gains and losses are deferred until realized. This study empirically compares OCI and SI gains and losses using a model that jointly estimates value rele...
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作者：Brown, Lawrence D.
作者单位：University System of Georgia; Georgia State University
