The Accounting Review

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• The 2003 US Dividend Tax Cut, Small Business Loan Supply, and the Real Economy AI翻译
  作者：Li, Oliver Zhen; Lin, Yupeng; Zhang, Keyuan
  作者单位：National University of Singapore; Shanghai Jiao Tong University
  摘要：This paper examines the credit supply-side effect of the U.S. 2003 dividend tax cut on the real economy through the banking sector. We show that C-corporation banks (treatment group), particularly those capital-constrained, increase the supply of small business loans more than S-subchapter banks (control group) following the tax cut, aligning with the old view of dividend taxation and the supply-side effect rooted in credit rationing. Such an enhanced small business loan supply stemming from t...
• Managers' Inventory Holding Decisions in Response to Natural Disasters AI翻译
  作者：Cho, Seunghyun; Jung, Boo Chun; Silva, Felipe B. G.; Yoo, Choong-Yuel
  作者单位：Kyungpook National University (KNU); University of Hawaii System; University of Hawaii Manoa; Cornerstone Research; Korea Advanced Institute of Science & Technology (KAIST)
  摘要：We study how firms' inventory holdings are affected by natural disasters. Building on the premise that managers often make decisions in line with the availability heuristic, we investigate whether managers increase inventory holdings in response to heightened disaster risk perceptions and the need to hedge against inventory shortages. Through a battery of tests, we show that the occurrence of disasters in neighboring counties triggers inventory stockpiling, an effect that is unlikely to be dri...
• When a Dollar is Not a Dollar: Examining How Timing and Delivery of Government Transfers Influence Household Consumption Decisions AI翻译
  作者：Lamothe, Ethan G.; Marshall, Mary E.; Schwebke, Jason M.
  作者单位：State University System of Florida; University of Central Florida; Portland State University; Texas Tech University System; Texas Tech University
  摘要：Governments implement wealth transfers with different policy goals and distribution methods. Prior research examines the timing (lump sum/periodic) of transfers but fails to simultaneously consider payment delivery method (standalone/combined with other income). Based on the behavioral life-cycle model, we predict payment timing influences how recipients spend government transfers, but that this effect is muted when the transfer payment is combined with other income. In contrast to prior resea...
• Audit-Employee Turnover, Audit Delivery, and Auditor-Client Realignment AI翻译
  作者：Khavis, Joshua A.; Szerwo, Brandon
  作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY
  摘要：Although the PCAOB and the Center for Audit Quality have raised concerns about the negative consequences of audit-employee turnover (PCAOB 2015, 2024; CAQ 2019), these consequences remain largely undocumented due to data limitations. We use novel data to measure how audit-employee turnover within individual offices of accounting firms explains the auditor's ability to deliver for their clients and shapes the auditor-client relationship. We document that audit-employee turnover hampers the audi...
• Academic Freedom as Social Freedom: A Normative Reconstruction and Critique of the Accounting Discipline AI翻译
  作者：Ahrens, Thomas; Pfister, Jan A.
  作者单位：United Arab Emirates University; University of Turku
  摘要：Academic freedom is often equated with protection from political and economic interference. Authoritative definitions are broader. They combine protection from external interference, peer-based evaluation, and institutional arrangements for scholarly self-governance. Drawing on Honneth's (2014) theory of democratic institutions, this paper develops the second and third elements and integrates all three within a recognition-theoretical framework that reconceptualizes academic freedom as social ...
• Operationalizing patient and stakeholder engagement in high-acuity trials: Lessons from IMPROVE-AD AI翻译
  作者：Sipelii, Motutama; Howitt, Jake; McConnell, Keeley; Vemulapalli, Sreekanth; Magee, Gregory A.; Drudi, Laura; Cirillo-Penn, Nolan C.; Chou, Elizabeth L.; Mussa, Firas F.; Johnson, Cali; Shalhub, Sherene
  作者单位：Oregon Health & Science University; Duke University; Duke University; New York University; NYU Langone Medical Center; Universite de Montreal; University of Minnesota System; University of Minnesota Twin Cities; Cedars Sinai Medical Center; Utah System of Higher Education; University of Utah
  摘要：Patient and stakeholder engagement is increasingly emphasized in clinical research, yet practical guidance on how to operationalize engagement in high-acuity, multicenter surgical trials remains limited. We describe the design and early implementation of a structured engagement strategy within the IMPROVE-AD (Improving Outcomes in Vascular Disease-Aortic Dissection) trial. IMPROVE-AD is a pragmatic, multicenter randomized trial comparing optimal medical therapy alone with optimal medical thera...
• The Academics of Standard Setting: A Field Study of Financial Reporting Standard Setters' Engagement with Academic Research AI翻译
  作者：Garavaglia, Shannon; Hayne, Christie; Mongold, Cassie
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Illinois System; University of Illinois Urbana-Champaign
  摘要：Financial reporting standard-setting bodies are expected to include academic research in their decision-making processes. However, little is known about whether, why, and how they engage with research. We interview staff from two major accounting standard-setting bodies and, using the information seeking and communication model as a theoretical lens, identify factors shaping their research engagement. These factors include perceptions of academic research, search difficulties, and challenges w...
• Do Consulting Services Affect Audit Quality? Evidence from the Workforce AI翻译
  作者：Fedyk, Anastassia; Fedyk, Tatiana; Hodson, James; Khimich, Natalya
  作者单位：University of California System; University of California Berkeley; University of San Francisco; Pennsylvania State System of Higher Education (PASSHE); West Chester University of Pennsylvania
  摘要：This paper investigates how consulting services affect audit quality, from the perspective of knowledge-and expertise-sharing between employees. Semistructured interviews with 16 audit partners reveal that consulting expertise is used in 60-80 percent of audit engagements, with the main rationale for such collaboration being knowledge-sharing and improved audit quality. We leverage a comprehensive office-level dataset of employment profiles covering 86 percent of all employees at large U.S. pu...
• Risk Choice and Voluntary Disclosure AI翻译
  作者：An, Byeong-Je; Pae, Suil
  作者单位：California State University System; San Diego State University; Sungkyunkwan University (SKKU)
  摘要：This paper presents a model in which investors price risk and a firm makes an investment to reduce its cash flow risk. Subsequently, the firm may or may not privately receive information about the future cash flow, whose disclosure is under its discretion. We show that the equilibrium cash flow precision increases with investor risk aversion, but decreases with the likelihood that the firm has private information and the quality of that information. In addition, the equilibrium probability of ...
• Accounting Measurement Rules in the Presence of Higher-Order Uncertainty AI翻译
  作者：Stocken, Phillip C.; Zhang, Gaoqing
  作者单位：Dartmouth College; Carnegie Mellon University
  摘要：We study the investment efficiency of the historical cost and fair value measurement rules when a reporting firm and its investors confront higher-order uncertainty inferring the behavior of others. Although all investors are attentive to the firm's report, the firm and investors incorrectly believe only some investors are attentive. We find that a report prepared under the historical cost rule yields greater investment efficiency than under the fair value rule if and only if (1) the investors...