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作者：Bocconi, Francesca Franco; Urcan, Oktay
作者单位：Bocconi University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Using a large sample of executive performance equity grants over 2006-2019, we provide a comprehensive representation of the single-and multi-metric vesting schemes used by U.S. public firms and investigate the incentives provided by alternative functional forms of vesting formulas that combine earnings with stock returns and other nonearnings targets. Our results indicate that, compared to earnings-vesting single-and multi-metric summative grants, binding schemes that require the contemporane...
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作者：Labro, Eva
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：On the occasion of The Accounting Review's centennial, I bring renewed urgency to the need for management accounting research to have practical relevance given the budgetary pressures on higher education. Practically relevant research is also relevant in the classroom. I present three ideas to increase the practical and teaching relevance of management accounting research. First, study the heterogeneity in management accounting practices across industries and embrace single-industry research d...
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作者：Chapman, Kimball L.; Lee, Ruby; Reiter, Nayana; Williams, Christopher D.
作者单位：Arizona State University; Arizona State University-Tempe; State University System of Florida; University of Florida; University of Toronto; University of Michigan System; University of Michigan
摘要：We examine the role of investor relations (IR) in private debt markets. We find that firms with dedicated IR officers (IROs) receive significantly lower loan spreads, particularly when lenders require a better understanding of the borrower's risk profile. Among firms with IROs, those with longer tenured officers experience lower spreads, especially when IROs also manage financial responsibilities. To address endogeneity concerns, we demonstrate that loan spreads decline when a firm establishes...
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作者：Jin, Hengda; Stubben, Stephen R.; Ton, Karen
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; Utah System of Higher Education; University of Utah; Villanova University
摘要：Using GPS location data from customers' mobile devices, we develop measures of customer shopping behavior intended to capture the likelihood that customers will shop again in the future, and we examine their associations with firms' financial decisions and outcomes. We measure customers' propensity to return using the frequency, distance, duration, and timing of their past visits to a firm's retail locations. We find a positive association between customers' propensity to return and the persis...
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作者：Kim, Eunjee
作者单位：Texas A&M University System; Texas A&M University College Station
摘要：Nonactivist investors that own more than 5 percent of a firm must report their holdings by filing a 13G in which they must commit to not influencing control of the firm. Mutual fund families are the most common investors filing 13Gs. I study whether the 13G requirement affects mutual fund families' voting in proxy contests. I find mutual fund families that file the form are less likely to vote for activist proposals than are those that do not, suggesting that the requirement discourages mutual...
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作者：Diller, Markus; Ossietzky, Johannes Lorenz Carl von; Schneider, Georg; Sureth-Sloane, Caren
作者单位：University of Passau; Carl von Ossietzky Universitat Oldenburg; University of Graz; University of Paderborn; Vienna University of Economics & Business
摘要：This study investigates the impact of the harmonization of tax transfer pricing across jurisdictions on multinational companies' reporting and tax authorities' auditing strategies. Applying a game-theoretical approach, we assess how enhancing standards consistency and global tax transparency influences tax avoidance and double taxation, producer and consumer surplus, and countries' tax revenue. Although increasing transparency is generally perceived to discourage tax avoidance, we show that th...
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作者：Blouin, Jennifer L.; Kubick, Thomas R.; Robinson, John R.
作者单位：University of Pennsylvania; University of Nebraska System; University of Nebraska Lincoln; Texas A&M University System; Texas A&M University College Station
摘要：Theory suggests that changes in corporate tax rates can alter the dispersion of after-tax project payoffs, thereby altering the exposure of firm-level risk transmitted to executives through compensation. Using state tax changes, we observe firms shifting away from option-based compensation following state corporate tax rate increases. This result is concentrated in compensation contracts that lack relative performance evaluation (RPE) features, which filter common shocks to performance and inf...
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作者：Chen, Jie; Gao, Yang; Zeng, Cheng
作者单位：University of Leeds; University of Exeter; Hong Kong Polytechnic University
摘要：Addressing income inequality is crucial for ensuring equitable and prosperous societies. This study examines the impact of the local press on intrafirm pay disparity. By using recently mandated disclosures of CEO-worker pay ratios and analyzing the staggered shutdown of local newspapers, we find that within-firm pay disparity increases by 8.2 percent following local newspaper closures. Further analysis suggests that this post-closure increase in pay disparity ratio is unlikely to be driven by ...
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作者：Fronk, Karson E.
作者单位：Texas Christian University
摘要：I examine the association between data visualizations in earnings conference call presentations and contemporaneous disclosure processing outcomes. I find that the use of data visualizations in this setting is associated with decreases in abnormal information asymmetry and increases in abnormal market liquidity. In addition, I find that data visualizations help investors process information when investors face greater acquisition and integration costs. Finally, I find that data visualizations ...
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作者：Johnson, Bret A.; Kubic, Matthew; Lisic, Ling Lei; Wang, Mengmeng
作者单位：George Mason University; University of Texas System; University of Texas Austin; Virginia Polytechnic Institute & State University; University of North Carolina; University of North Carolina Greensboro
摘要：We examine the impact of the SEC's Office of Minority and Women Inclusion (OMWI) on the role of employee gender in the Division of Corporation Finance's filing review process. Gender bias theory suggests that women may work harder to compensate for perceived bias and discrimination. Consistent with this theory, we find that women reviewers issue longer comment letters, raise more issues, ask more accounting-specific questions, reference more authoritative guidance, request more filing amendmen...
