The Accounting Review

最新文章

• Audit committee characteristics and auditor dismissals following new going-concern reports AI翻译
  作者：Carcello, JV; Neal, TL
  作者单位：University of Tennessee System; University of Tennessee Knoxville; University of Kentucky
  摘要：One important role of audit committees is to protect external auditors from dismissal following the issuance of an unfavorable report. We examine auditor dismissals following new going-concern reports that Big 6 firms issued between 1988 and 1999. Our findings suggest that audit committees with greater independence, greater governance expertise, and lower stockholdings are more effective in shielding auditors from dismissal after the issuance of new going-concern reports. In addition, we find ...
• Social behaviors, enforcement, and tax compliance dynamics AI翻译
  作者：Davis, JS; Hecht, G; Perkins, JD
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Illinois System; University of Illinois Urbana-Champaign
  摘要：We analyze the effect of social norms and enforcement on the dynamics of taxpayer compliance. Specifically, we develop two models to evaluate the movement between classes of compliant and noncompliant taxpayers. Our analysis suggests that the effect on compliance of changing enforcement levels depends on whether the taxpayer population is initially compliant or noncompliant. Compliant populations are insensitive to changes in enforcement policies until enforcement becomes sufficiently lax, whe...
• The contribution of fundamental analysis after a currency devaluation AI翻译
  作者：Swanson, EP; Rees, L
  作者单位：Texas A&M University System; Texas A&M University College Station; Universidad Americas Puebla (UDLAP)
  摘要：For a sample of companies traded on the Mexican Bolsa, fundamental analysis is used to investigate the value of financial statement information to investors after the December 1994 currency devaluation. Associations with contemporary returns show that earnings in the year of the devaluation lose value relevance, but fundamental signals, which incorporate the more detailed accounting information provided in financial statements, retain considerable explanatory power (13 2 is 25 percent). After ...
• Capital budgeting and managerial compensation: Incentive and retention effects AI翻译
  作者：Dutta, S
  作者单位：University of California System; University of California Berkeley
  摘要：This paper considers an agency model in which a firm's manager receives private information about an investment project. The manager has unique skills that are essential for implementing the project, and he can pursue the project inside the firm or as an outside venture on his own. The firm's owner thus faces a potential managerial retention problem, where the severity of the retention problem depends on the project's outside viability. My analysis shows that if the managerial retention proble...
• The world price of earnings opacity AI翻译
  作者：Bhattacharya, U; Daouk, H; Welker, M
  作者单位：Indiana University System; Indiana University Bloomington; Cornell University; Queens University - Canada
  摘要：We analyze financial statements from 34 countries for the period 19841998 to construct a panel data set measuring three dimensions of reported accounting earnings for each country: earnings aggressiveness, loss avoidance, and earnings smoothing. We hypothesize that these three dimensions are associated with uninformative or opaque earnings, and so we combine these three measures to obtain an overall earnings opacity time-series measure per country. We then explore whether our three measures of...
• Client importance, nonaudit services, and abnormal accruals AI翻译
  作者：Chung, HS; Kallapur, S
  作者单位：Purdue University System; Purdue University; University of California System; University of California Irvine
  摘要：The economic theory of auditor independence (DeAngelo 1981b) suggests that auditors' incentives to compromise their independence are related to client importance. Using ratios of client fees and of nonaudit fees divided by the audit firm's U.S. revenues or a surrogate for the audit-practice-office revenues as measures of client importance, we investigate their association with Jones-model abnormal accruals. In a sample of 1,871 clients of Big 5 audit firms we do not find a statistically signif...
• Further evidence on the extent and origins of JIT's profitability effects AI翻译
  作者：Kinney, MR; Wempe, WF
  作者单位：Texas A&M University System; Texas A&M University College Station; Texas Christian University
  摘要：Empirical research provides scant evidence that just-in-time (JIT) adopters outperform their non-adopting industry peers. Using a sample of 201 JIT adopters and matched non-adopters, we examine the relation between financial performance and JIT Our sample-wide results indicate that JIT adopters improve financial performance relative to non-adopters, and that profit margin, rather than asset turnover, is the primary source of such improvement. However, results of additional analyses suggest tha...
• Empirical evidence on the evolution of international earnings AI翻译
  作者：Land, J; Lang, MH
  作者单位：University of North Carolina; University of North Carolina Chapel Hill
  摘要：We examine whether cross-country differences in earnings-to-price multiples have changed between 1987-1992 and 1994-1999. Our results suggest that earnings multiples became more similar over this time period for the jurisdictions we analyze, although systematic differences remain. Economic determinants of earnings multiples (e.g., growth rates, interest rates, and returns) do not exhibit similar convergence and do not appear to explain the changes. The convergence is robust to controls for cas...
• Delegation and incentive compensation AI翻译
  作者：Nagar, V
  作者单位：University of Michigan System; University of Michigan
  摘要：Top management faces two key organizational design choices: (1) how much authority to delegate to lower-level managers, and (2) how to design incentive compensation to ensure that these managers do not misuse their discretion. Theoretical accounting literature emphasizes that top management makes these two choices jointly, but there is little empirical evidence on this assertion. Capitalizing on a unique database of branch manager practices in retail banks, this study provides some of the firs...
• Materiality and contingent tax liability reporting AI翻译
  作者：Gleason, CA; Mills, LF
  作者单位：University of Arizona
  摘要：We investigate factors that explain firms' decisions to disclose and record contingent tax liabilities. Our findings are based on confidential Internal Revenue Service audit data and financial statement footnotes for 100 large industrial firms from 1987 to 1995. Descriptive statistics indicate that these firms often fail to disclose IRS claims for tax deficiencies that exceed a 5-percent-of-income rule of thumb. We find that the probability of disclosure increases in the relative amount of the...