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作者：Frankel, RM; Johnson, MF; Nelson, KK
作者单位：Massachusetts Institute of Technology (MIT); Michigan State University; Stanford University
摘要：This paper examines whether auditor fees are associated with earnings management and the market reaction to the disclosure of auditor fees. Using data collected from proxy statements, we present evidence that nonaudit fees are positively associated with small earnings surprises and the magnitude of discretionary accruals, while audit fees are negatively associated with these earnings management indicators. We also find evidence of a negative association between nonaudit fees and share values o...
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作者：Indjejikian, RJ; Nanda, D
作者单位：University of Michigan System; University of Michigan; Duke University
摘要：We provide evidence that CEOs' and lower-level business unit executives' target bonuses are negatively associated with a proxy for measurement noise in accounting-based performance measures, and positively associated with proxies for firms' growth opportunities and the extent of executives' decision-making authority. Non-CEO executives' target bonuses are also positively associated with their CEO's target bonus. In addition, we compare executives' actual and target bonuses over two consecutive...
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作者：Moehrle, SR
作者单位：University of Missouri System; University of Missouri Saint Louis
摘要：Many firms that take restructuring charges reverse a portion of those restructuring charge accruals in a later quarter. These reversals increase net income, often substantially. In this study, I investigate whether restructuring charge reversals are associated with incentives to meet or exceed analysts' forecasts, avoid earnings declines relative to prior-year levels, and avoid losses. I examine both the decision to record a reversal and the amount of the reversal, using a sample of 121 revers...
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作者：Ashbaugh, H; Olsson, P
作者单位：University of Wisconsin System; University of Wisconsin Madison; Duke University
摘要：Despite the increasing integration of global capital markets, there is little evidence on the valuation properties of cross-listed, non-U.S. firms' accounting variables. We use the relative performance of the earnings capitalization, the book value, and the residual income valuation models to explore the valuation properties of International Accounting Standards and U.S. Generally Accepted Accounting Principles earnings and book values reported by non-U.S., cross-listed firms trading in a comm...
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作者：Bowen, RM; Davis, AK; Matsumoto, DA
作者单位：University of Washington; University of Washington Seattle; Washington University (WUSTL)
摘要：In 1998, the SEC expressed concern that conference calls encourage selective disclosure by revealing new information to financial analysts privy to the call. This study investigates whether the regular use of earnings-related conference calls increases the amount of information available to financial analysts by examining the effect of conference calls on analysts' forecast error and dispersion. Results indicate that conference calls increase analysts' ability to forecast earnings accurately, ...
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作者：DeFond, ML
作者单位：University of Southern California
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作者：Boone, JP
作者单位：Mississippi State University
摘要：This paper investigates three potential explanations for the puzzlingly weak value relevance of oil and gas asset present values documented in prior research: measurement error, model misspecification, and time-period idiosyncrasy. I operationally define the magnitude of measurement error as the measurement error variance, estimated using an errors-in-variables two-stage regression model similar to that used by Barth (1991) and Choi et al. (1997). I find that (1) measurement error in the prese...
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作者：Gibbins, M
作者单位：University of Alberta
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作者：Wilks, TJ
作者单位：Brigham Young University; Cornell University
摘要：With the current shift toward real-time audit review, subordinates become aware of supervisors' views earlier in the audit process. I use an experiment to examine whether earlier knowledge of supervisors' views increases subordinates' tendencies to agree with those views because subordinates predecisionally distort evidence. In a going-concern task, I find that auditors who learn the partner's view before evaluating evidence (1) evaluate individual evidence items as more consistent with the pa...
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作者：McDaniel, L; Martin, RD; Maines, LA
作者单位：University of Kentucky; Indiana University System; Indiana University Bloomington
摘要：Audit committees evaluate financial reporting quality as part of their corporate oversight responsibilities, Given this responsibility, the national stock exchanges now require all audit committee members to be financially literate and at least one member to have financial expertise. In light of recent debates over this requirement, we provide evidence on how experts and literates differ in their evaluations of financial reporting quality. Results suggest that experts' evaluations of financial...
