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作者：Dickhaut, John
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Chapman University System; Chapman University
摘要：The evolved brain neuronally processed information on human interaction long before the development of formal accounting institutions. Could the neuronal processes represent the underpinnings of the accounting principles that exist today? This question is pursued several ways: first as an examination of parallel structures that exist between the brain and accounting principles, second as an explanation of why such parallels might exist, and third as an explicit description of a paradigm that s...
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作者：Ferri, Fabrizio; Sandino, Tatiana
作者单位：Harvard University
摘要：We examine the economic consequences of more than 150 shareholder proposals to expense employee stock options (ESO) submitted during the proxy seasons of 2003 and 2004, the first case in which the SEC allowed a shareholder vote on an accounting matter. Our results indicate that these proposals affected accounting and compensation choices. Specifically, (1) targeted firms were more likely to adopt ESO expensing relative to a control sample of S&P 500 firms, (2) among targeted firms, the likelih...
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作者：Badertscher, Brad A.; Phillips, John D.; Pincus, Morton; Rego, Sonja Olhoft
作者单位：University of Notre Dame; University of Connecticut; University of California System; University of California Irvine; University of Iowa
摘要：Prior research has separately examined pretax earnings management activities that have current taxable income consequences (book-tax conforming earnings management) and those that do not have current taxable income consequences (book-tax nonconforming earnings management). Our study documents the prevalence of, and then investigates the firm-specific characteristics that impact the choice between, these earnings management strategies. We utilize a sample of firms that restated their earnings d...
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作者：Earley, Christine E.; Hoffman, Vicky B.; Joe, Jennifer R.
作者单位：Providence College; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University System of Georgia; Georgia State University
摘要：Auditors often receive summary information or conclusions from management about account balances or internal controls. They must then gather evidence to assess whether this information is fairly stated. In such situations, management can be considered the first mover and the auditor the second mover. When auditors are the second mover, they are vulnerable to the curse of knowledge bias-the inability to ignore previously processed information (Fischhoff 1977). Specifically, because information ...
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作者：Matolcsy, Zoltan R.; Wyatt, Anne
作者单位：University of Technology Sydney
摘要：The objective of this study is to provide evidence on how technological innovation conditions underlying the firm's investments drive earnings growth and, hence, market value of equity. Technologies develop and flourish or die out through the combined investment decisions of those firms doing the inventing, and those firms that adopt those inventions, and thereby help to spread (or diffuse) the innovations into wider use. Hence, technology is important for the investment decisions of all firms...
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作者：Hunton, James E.; Mauldin, Elaine G.; Wheeler, Patrick R.
作者单位：Bentley University; University of Missouri System; University of Missouri Columbia
摘要：The trend toward continuous monitoring of automated business transactions by the internal audit function is growing as organizations seek to improve internal control. In this study, we demonstrate that continuous monitoring and the time horizon over which performance-contingent incentives are based can interact, thereby yielding potential functional and dysfunctional effects on managerial decisions. Seventy-two experienced corporate managers completed a between-participants experiment that ran...
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作者：Landsman, Wayne R.; Peasnell, Kenneth V.; Shakespeare, Catherine
作者单位：University of North Carolina; University of North Carolina Chapel Hill; Lancaster University; University of Michigan System; University of Michigan
摘要：This study addresses whether asset securitizations are really asset sales or a form of secured borrowing, by estimating cross-sectional equity valuation regressions to assess whether the stock market treats securitized assets and liabilities held by a special purpose entity (SPE) as assets and liabilities of the sponsor-originator (S-O). Although all sample firms account for asset securitizations as sales, we find that the market views such SPE assets and liabilities as belonging to the S-O, i...
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作者：Raman, Kartik; Shahrur, Husayn
作者单位：Bentley University
摘要：We examine the determinants and consequences of earnings management by firms in the context of their relationships with suppliers and customers. We find that industry-level proxies for relationship-specific investments by suppliers/customers are positively associated with the magnitude of discretionary accruals, volatility of earnings, and the frequency of large earnings increases. We also find that firm-level proxies for the intensity of relationship-specific investments by actual suppliers a...
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作者：Hirshleifer, David A.; Myers, James N.; Myers, Linda A.; Teoh, Siew Hong
作者单位：University of California System; University of California Irvine; University of Arkansas System; University of Arkansas Fayetteville
摘要：This study tests whether naive trading by individual investors, or some class of individual investors, causes post-earnings announcement drift (PEAD). Inconsistent with the individual trading hypothesis, individual investor trading fails to subsume any of the power of extreme earnings surprises to predict future abnormal returns. Moreover, individuals are significant net buyers after both negative and positive extreme earnings surprises, consistent with an attention effect, but not with their ...
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作者：Lee, Yen-Jung
作者单位：National Taiwan University
摘要：This paper examines whether outstanding employee stock options (ESOs), which represent the firm's contractual obligation to deliver shares upon ESO exercise, affect firms' credit ratings. I hypothesize that outstanding ESOs play two information roles-(1) suggesting equity infusion, and (2) predicting share repurchases-that help credit-rating agencies evaluate the issuing company's debt service ability. Consistent with these hypothesized roles, results indicate that the present values of expect...
