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作者：Trotman, KT; Wright, AM; Wright, S
作者单位：University of New South Wales Sydney; Boston College; University of Massachusetts System; University of Massachusetts Boston
摘要：Negotiations are a pervasive feature of the audit process (e.g., the resolution of proposed audit adjustments and disclosures). The results of such negotiations are of great importance to the capital markets, the client, and the auditor. The purpose of this study is to examine the effectiveness of three promising, pragmatic intervention methods for enhancing auditor negotiation performance: a role-playing intervention-assuming the client's position in a mock negotiation; a passive intervention...
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作者：Magro, AM
作者单位：University of Oklahoma System; University of Oklahoma - Norman
摘要：The ability to adapt decision making to the features of decision tasks and contexts is likely an important component of professional decision making, but not all professionals will exhibit this adaptivity. One explanation for decision makers' failure to adapt when adaptivity is appropriate is that they do not possess relevant knowledge of the features of decision tasks and contexts, or institutional knowledge. In this study, I examine the relations between institutional knowledge, information ...
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作者：Koonce, L; McAnally, ML; Mercer, M
作者单位：University of Texas System; University of Texas Austin; Texas A&M University System; Texas A&M University College Station; Emory University
摘要：This paper proposes and tests a risk model that explains how investors perceive financial risks. The model combines conventional decision-theory variables-probabilities and outcomes-with behavioral variables from psychology research by Slovic (1987), such as the extent to which a risky item is new, causes worry, and is controllable. To test our model, we conduct two studies in which M.B.A. students judge the risk of a broad range of financial items. Our results indicate that both the decision-...
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作者：Koonce, L; Lipe, MG; McAnally, ML
作者单位：University of Texas System; University of Texas Austin; University of Oklahoma System; University of Oklahoma - Norman; Texas A&M University System; Texas A&M University College Station
摘要：Information that firms provide about financial instruments and derivatives should help investors judge risk. However, this paper reports that such information often is not effective for this purpose. Through a series of experiments, we demonstrate that the labels firms use to describe financial instruments and derivatives cause investors to assess economically equivalent instruments as different in terms of risk. We also show that loss-only disclosures that companies use to describe their risk...
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作者：Coletti, AL; Sedatole, KL; Towry, KL
作者单位：University of Texas System; University of Texas Austin; Emory University
摘要：Because of conflicting incentives among participants, collaborations (e.g., strategic alliances, joint ventures, and work teams) present a significant control challenge to managerial accountants. On the one hand, formal controls such as sanctioning and monitoring systems improve cooperation by reducing the incentives for opportunistic behavior. On the other hand, prior research finds that the mere presence of a control system causes decision makers to view the collaborative setting as noncoope...
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作者：Francis, JR; Khurana, IK; Pereira, R
作者单位：University of Missouri System; University of Missouri Columbia; University of Melbourne
摘要：Prior research predicts that firms reliant on external financing are more likely to undertake a higher level of disclosure, and a higher disclosure level should, in turn, lead to a lower cost of external financing. This paper tests these predictions outside the United States where alternative legal and financial systems could mitigate the effectiveness of such disclosures and, comprehensively, examines both disclosure incentives and disclosure consequences on cost of capital for a common set o...
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作者：Pownall, G; Simko, PJ
作者单位：Emory University; University of Virginia
摘要：This paper examines the conditions under which the market responds to disclosures of significant increases in short selling, and whether proxies for earnings expectations and alternative information sources help explain this response. Our sample is based on firms that experience abnormal short interest increases (short spikes) during 1989-1998. We find that the mean abnormal return around short spike announcements is significantly more negative for firms with low analyst following, consistent ...
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作者：Davila, A; Foster, G
作者单位：Stanford University
摘要：Adopting management accounting systems are important events in the life of young and growing companies. Using a sample of 78 startup companies, we document cross-sectional differences in the adoption of operating budgets as well as seven other management accounting systems. We find that our proxies for agency costs, perceived benefits and costs, company scale, and top management style explain cross-sectional differences in the time-to-adoption of budgets. In particular, the presence of venture...
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作者：Hobson, JL; Kachelmeier, SJ
作者单位：University of Texas System; University of Texas Austin
摘要：In a market experiment, buyers respond to sellers' disclosures of one of the two potential outcomes of a risky prospect. Buyer reactions reflect two separate disclosure phenomena that heretofore have not been considered jointly. First, consistent with cognitive predictions that users tend to anchor on explicit one-sided disclosures, buyers pay more relative to expected value when the seller discloses the higher of the two potential outcomes than when the seller discloses the lower potential ou...
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作者：Dutta, S; Reichelstein, S
作者单位：University of California System; University of California Berkeley; Stanford University
摘要：This paper develops a multiperiod principal-agent model in which a manager must be given incentives to undertake investments and to exert personally costly effort. Investments are soft (e.g., intangible assets) and therefore entail measurement errors for the accounting system as it seeks to separate investments from operating expenditures. This separation is of no concern to the stock market, which draws on its own information about future cash flows resulting from current investments. The fir...
