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作者：Jamal, Karim; Tan, Hun-Tong
作者单位：University of Alberta; Nanyang Technological University
摘要：Managers sometimes implement accounting standards (such as the lease standard) opportunistically to move debt off balance sheet. Regulators and standard-setters are considering the adoption of principles-based accounting standards to reduce such opportunism. We report the results of an experiment in which experienced financial managers, with incentives to structure a transaction off balance sheet, take a reporting position on how a lease is to be reported. We manipulate the type of accounting ...
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作者：Sun, Yan
作者单位：Saint Louis University
摘要：This study investigates whether MD&A disclosures have predictive ability for future firm performance in cases of disproportionate inventory increases. Using a sample of 568 manufacturing firms with disproportionate inventory increases, I find that the favorability of explanations for inventory changes in MD&A is positively associated with a firm's profitability and sales growth in the subsequent three years. I also find that future profitability and sales growth of firms that do not explain di...
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作者：Gaa, James C.
作者单位：University of Alberta
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作者：Bamber, Linda Smith; Jiang, John (Xuefeng); Petroni, Kathy R.; Wang, Isabel Yanyan
作者单位：University System of Georgia; University of Georgia; Michigan State University
摘要：Firms can report comprehensive income in either an income-statement-like performance statement or the statement of equity. Traditional theories of contracting incentives cannot explain this reporting location choice that only affects where comprehensive income data appear, because the contractible values of net income, other comprehensive income items, and comprehensive income are exactly the same regardless of the location where the firm reports comprehensive income. Drawing on theory, analys...
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作者：Ng, Terence Bu-Peow; Shankar, Premila Gowri
作者单位：Nanyang Technological University
摘要：We conduct an experiment to investigate whether the effects of an SAS No. 90-like quality assessment standard (QAS) on auditors' decision to accept a client-preferred accounting method is jointly moderated by the nature of advice from an audit firm's technical department and the strength of the client's justification. Results indicate that, in the absence of advice, the presence of QAS does not affect auditors' decision, regardless of client justification strength. However, in the presence of ...
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作者：Weiss, Dan
作者单位：Tel Aviv University
摘要：This study examines how firms' asymmetric cost behavior influences analysts' earnings forecasts, primarily the accuracy of analysts' consensus earnings forecasts. Results indicate that firms with stickier cost behavior have less accurate analysts' earnings forecasts than firms with less sticky cost behavior. Furthermore, findings show that cost stickiness influences analysts' coverage priorities and investors appear to consider sticky cost behavior in forming their beliefs about the value of f...
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作者：Gul, Ferdinand A.; Goodwin, John
作者单位：Hong Kong Polytechnic University
摘要：Short-term debt and credit ratings have benefits for financial reporting quality that may be associated with lower audit fees. Using U. S. data for 2003 through 2006, we find that short-term debt is negatively related to audit fees for firms rated by Standard & Poor's, consistent with more monitoring and better governance mechanisms in firms with higher short-term debt. Credit ratings quality is negatively related to audit fees, consistent with ratings quality reflecting a firm's liquidity ris...
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作者：Beatty, Anne; Liao, Scott; Weber, Joseph
作者单位：University System of Ohio; Ohio State University; University of Toronto; Massachusetts Institute of Technology (MIT)
摘要：A flourishing stream of research suggests that liquidity-constrained firms with low accounting quality have limited access to capital for investments. We extend this research by investigating whether these firms are more likely to lease their assets. Lessors' superior control rights allow them to provide capital to constrained firms with low-quality accounting reports. Consistent with this conjecture, we find that low accounting quality firms have a higher propensity to lease than purchase ass...
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作者：Shaw, Kenneth W.; Zhang, May H.
作者单位：University of Missouri System; University of Missouri Columbia
摘要：Leone et al. (2006) conclude that CEO cash compensation is more sensitive to negative stock returns than to positive stock returns, due to Boards of Directors enforcing an ex post settling up on CEOs. Dechow (2006) conjectures that Leone et al.'s (2006) results might be due to the sign of stock returns misclassifying firm performance. Using three-way performance partitions, we find no asymmetry in CEO cash compensation for firms with low stock returns. Further, we find that CEO cash compensati...
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作者：Hope, Ole-Kristian; Langli, John Christian
作者单位：University of Toronto; BI Norwegian Business School
摘要：We examine the issue of auditor independence in a unique setting. Specifically, we test for auditor independence impairment among (1) private client firms, for which the risk of auditor reputation loss is lower than for publicly traded firms, and (2) in a low litigation environment (i.e., Norway) that further reduces the expected costs to the auditor associated with independence impairment. We have thus chosen a setting that gives independence impairment its best chance of being detected if it...
