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作者：Wu, Joanna Shuang; Zhang, Ivy Xiying
作者单位：University of Rochester; University of Minnesota System; University of Minnesota Twin Cities
摘要：A large body of research is devoted to understanding the causes and consequences of firms' adoption of internationally recognized accounting standards. Thus far, researchers' attention has focused almost exclusively on the informational benefits of the adoption. We extend the existing literature by offering a different, stewardship perspective. We hypothesize that the voluntary adoption of international accounting standards is associated with changes in the firm's internal performance evaluati...
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作者：Beyer, Anne
作者单位：Stanford University
摘要：I analyze a manager's optimal earnings forecasting strategy and optimal earnings management policy in a setting where both the mean and the variance of the distribution generating the firm's cash flows are unknown. The analysis shows that the equilibrium price of the firm is a function of the manager's forecast, the firm's reported earnings, and the squared error in the manager's earnings forecast. The model contains several predictions, including: (1) the manager manipulates earnings to reduc...
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作者：Bloomfield, Robert; Hales, Jeffrey
作者单位：Cornell University; University System of Georgia; Georgia Institute of Technology
摘要：We use two experiments to test predictions about the positive and negative impacts of allowing analysts to revise their forecasts in light of the consensus forecasts. We find that such mutual observation not only facilitates information aggregation, but also induces free riding, which offsets the benefits of information aggregation unless incentives for accuracy are high. In our second experiment, we find that participants acting as investors anticipate these effects in the consensus and adjus...
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作者：Kato, Kazuo; Skinner, Douglas J.; Kunimura, Michio
作者单位：University of Osaka; University of Chicago; Meijo University
摘要：We study management forecasts in Japan, where forecasts are effectively mandated but managers have considerable latitude over the numbers they release. We find that managers' initial earnings forecasts for a fiscal year are systematically upward-biased but that they revise their forecasts downward during the fiscal year so that most earnings surprises are non-negative. Managers' initial forecast optimism is inversely related to firm performance, and is more pronounced for firms with higher lev...
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作者：Kothari, S. P.; Li, Xu; Short, James E.
作者单位：Barclays; University of Texas System; University of Texas Dallas; University of California System; University of California San Diego
摘要：We document systematic evidence of risk effects of disclosures culled from a virtually exhaustive set of sources from the print medium. We content analyze more than 100,000 disclosure reports by management, analysts, and news reporters (i.e., business press) in constructing firm-specific disclosure measures that are quantitative and amenable to replication. We expect credibility and timeliness differences in the disclosures by source, which would translate into differential cost of capital eff...
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作者：Dowling, Carlin
作者单位：University of Melbourne
摘要：I use Adaptive Structuration Theory (DeSanctis and Poole 1994) and the Theory of Planned Behavior (Ajzen 1991) to model the factors influencing whether auditors use audit support systems appropriately. Understanding the factors that influence appropriate use is important for audit firms to achieve efficient and effective audits from deploying audit support systems. Using a unique data set obtained from 569 auditors, I provide evidence that intention to use the system appropriately and external...
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作者：Files, Rebecca; Swanson, Edward P.; Tse, Senyo
作者单位：University of Texas System; University of Texas Dallas; Texas A&M University System; Texas A&M University College Station
摘要：Managers exercise considerable discretion over how they announce an accounting restatement in a press release. Some firms issue a press release that discloses the restatement in the headline (high prominence). Others provide a press release with a headline on a different subject (for example, earnings news) but describe the restatement in the body of the release (medium prominence). The remaining firms discuss the restatement at the end of the press release in a footnote to operating results (...
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作者：Prawitt, Douglas F.; Smith, Jason L.; Wood, David A.
作者单位：Brigham Young University; Nevada System of Higher Education (NSHE); University of Nevada Las Vegas
摘要：Internal auditors perform work that is relevant to their host entities' financial reporting processes; yet, little research attention has focused on the effects of internal auditing on companies' external financial reporting. Using a unique and previously unavailable data set, we investigate the relation between internal audit function (IAF) quality and earnings management. We measure IAF quality using a composite measure comprising six individual components of IAF quality based on SAS No. 65,...
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作者：Katz, Sharon P.
作者单位：Harvard University
摘要：This study explores how firms' ownership structures affect their earnings quality and long-term performance. Focusing on a unique sample of private firms for which there is financial data available in the years before and after their initial public offering (IPO), I differentiate between those that have private equity sponsorship (PE-backed firms) and those that do not (non-PE-backed firms). The findings indicate that PE-backed firms generally have higher earnings quality than those that do no...
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作者：Campbell, Dennis; Datar, Srikant M.; Sandino, Tatiana
作者单位：Harvard University; University of Southern California
摘要：Many companies operate units that are dispersed across different types of markets, serving significantly divergent customer bases. Such dispersion is likely to compromise headquarters' ability to control local managers' behavior and satisfy the needs of different customer types. In this study we find that market-type dispersion is an important determinant of the delegation of decision rights and the provision of incentives. Using a sample of convenience store chains, we show that market-type d...
