The Accounting Review

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• Value creation in public enterprises: An empirical analysis of coordinated organizational changes in the veterans health administration AI翻译
  作者：Thibodeau, Nicole; Evans, John H. (Harry), III; Nagarajan, Nandu J.; Whittle, Jeff
  作者单位：United States Department of Defense; United States Navy; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Medical College of Wisconsin
  摘要：As part of a federal government initiative to increase efficiency and quality, in 1996 the United States Veterans Health Administration (VHA) radically restructured its organizational design and management processes. This study uses 1992-1998 clinical, workload, and financial data to examine the effect of this reform on performance. Several previous government attempts to introduce private sector management practices, such as management by objectives (MBO) or program planning and budgeting sys...
• Unbalanced information and the interaction between information acquisition, operating activities, and voluntary disclosure AI翻译
  作者：Einhorn, Eti; Ziv, Amir
  作者单位：Tel Aviv University; Columbia University
  摘要：As different activities cannot be measured or communicated with the same precision, accounting information is often only a partial and unbalanced reflection of the fundamental economics, emphasizing certain aspects of the underlying operations while disregarding others. We highlight this inherent imbalance in information as the source of an interaction between corporate operating and discretionary disclosure strategies, and thereby also as an important determinant of the information acquisitio...
• Corporate governance, accounting outcomes, and organizational performance AI翻译
  作者：Larcker, David F.; Richardson, Scott A.; Tuna, Irem
  作者单位：Stanford University; University of Pennsylvania
  摘要：The empirical research examining the association between typical measures of corporate governance and various accounting and economic outcomes has not produced a consistent set of results. We believe that these mixed results are partially attributable to the difficulty in generating reliable and valid measures for the complex construct that is termed corporate governance. Using a sample of 2,106 firms and 39 structural measures of corporate governance (e.g., board characteristics, stock owners...
• The role of accounting in the design of CEO equity compensation AI翻译
  作者：Carter, Mary Ellen; Lynch, Luann J.; Tuna, Irem
  作者单位：University of Pennsylvania; University of Virginia
  摘要：We examine the role of accounting in CEO equity compensation design. For a sample of ExecuComp firms in 1995-2001, we find that financial reporting concerns are positively related to stock option use and total compensation, and negatively related to the use of restricted stock. We confirm our findings by examining changes in CEO compensation in firms that begin expensing options in 2002 or 2003. We find that these firms reduce their option use and increase their restricted stock use after star...
• Are MBA students a good proxy for nonprofessional investors? AI翻译
  作者：Elliott, W. Brooke; Hodge, Frank D.; Kennedy, Jane Jollineau; Pronk, Maarten
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Washington; University of Washington Seattle; Tilburg University
  摘要：We investigate a key assumption underlying much of the experimental research in financial accounting that graduate business students are a good proxy for nonprofessional investors. To conduct our investigation, we categorize recent experimental studies in financial accounting, based on the relative level of integrative complexity inherent in each study's task. We then conduct experiments using two tasks, one that is relatively low in integrative complexity and one that is relatively high in in...
• Management control systems in early-stage startup companies AI翻译
  作者：Davila, Antonio; Foster, George
  作者单位：Stanford University
  摘要：This paper uses a multi-method, multi-case field research design to study the evolving portfolio of the management control systems (MCSs) of 78 early-stage startup companies. We examine 46 individual systems from eight different MCS categories-financial planning, financial evaluation, human resource planning, human resource evaluation, strategic planning, product development, sales/ marketing, and partnerships. We report analysis of the following: (1) The speed of adoption of financial plannin...
• The influence of forecast dispersion on the incremental explanatory power of earnings, book value, and analyst forecasts on market prices AI翻译
  作者：Bryan, Daniel M.; Tiras, Samuel L.
  作者单位：University of Washington; University of Washington Tacoma; Louisiana State University System; Louisiana State University
  摘要：This study investigates the influence of analyst forecast dispersion on Ohlson's (2001) proposed linear information dynamics where consensus analyst forecasts are suggested as a proxy for other information. Our results indicate that Ohlson's proposed valuation model is most descriptive of market pricing when forecast dispersion, and hence information asymmetry, is high. Our results also suggest that when analysts are confronted with high information asymmetry, they tend to focus less on accoun...
• Is openness penalized? Stock returns around earnings warnings AI翻译
  作者：Tucker, Jennifer W.
  作者单位：State University System of Florida; University of Florida
  摘要：Prior research finds that firms warning investors of an earnings shortfall experience lower returns than non-warning firms with similar risks and earnings news. Openness thus appears to be penalized by investors. Yet, this finding may be due to a self-selection bias that occurs when firms with a larger amount of unfavorable non-earnings news (other bad news) are more likely to warn. In this paper I use a Heckman selection model to infer the amount of other bad news and document that, on averag...
• The accrual anomaly: International evidence AI翻译
  作者：Pincus, Morton; Rajgopal, Shivaram; Venkatachalam, Mohan
  作者单位：University of California System; University of California Irvine; University of Washington; University of Washington Seattle; Duke University
  摘要：We consider stock markets in 20 countries to investigate whether the accrual anomaly (Sloan 1996), characterized by U.S. stock prices overweighting the role of accrual persistence, is a local manifestation of a global phenomenon. We explore whether the occurrence of the anomaly is related to country differences in accounting and institutional structures, and examine alternative explanations for its occurrence. We find stock prices overweight accruals in general, with accruals overweighting occ...
• Do cross-border listing firms manage earnings or seize a window of opportunity? AI翻译
  作者：Ndubizu, Gordian A.
  作者单位：Drexel University
  摘要：Firms raising new equity capital at cross-listing (IPO) and those cross-listing existing home-country public shares (non-IPO) benefit from earnings that are high when they cross-list on U.S. stock exchanges. IPO firms have greater benefits than non-IPO firms because they receive cash infusion at listing. I find that performance (ROA) and cash flows peak at cross-listing period for all cross-border firms. Using a matched-firm research design to control for industry and performance, the results ...