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作者：Cetin, Furkan M.
作者单位：University of London; London School Economics & Political Science
摘要：I examine how Accounting Standards Codification (ASC) 606 affects R&D alliance formations and innovation in the drug development industry. ASC 606 alters revenue recognition timing and increases disclosure requirements. I document that firms dependent on R&D alliance revenues accelerate revenue recognition and expand revenue-related disclosures following ASC 606 adoption. These concurrent changes reduce information asymmetry, both between firms and between managers and investors, but only when...
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作者：Ertan, Aytekin
作者单位：University of London; London Business School
摘要：This paper examines lending effects of European banks switching to an expected credit loss (ECL) model under IFRS 9. I find evidence that ECL transition deteriorates the credit landscape for SMEs-as risky, opaque, and bank-dependent borrowers. Post-ECL, affected banks reduced SME lending by over 10 percent, and these effects persisted during the most recent downturn during the COVID-19 pandemic. Banks' financial reporting objectives and implementation difficulties seem to explain these finding...
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作者：Cao, Sheng; He, Xianjie; Wang, Charles C. Y.; Yin, Huifang
作者单位：Zhejiang University of Finance & Economics; Harvard University; Shanghai University of Finance & Economics
摘要：Government-controlled brokerage analysts serve as a market stabilization tool in China. Examining the 2005-2019 period, we show these analysts issue relatively more optimistic-yet less accurate and timely-forecasts during market rescue periods, supporting stock prices. During market booms, they issue comparatively pessimistic but more accurate and timely forecasts, tempering excessive optimism. These patterns are stronger for large firms and state-owned enterprises, and at the most government-...
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作者：Andreicovici, Ionela; Nikolaev, Valeri; van Lent, Laurence; Zhang, Ruishen
作者单位：IE University; University of Chicago; Frankfurt School Finance & Management; University of Hong Kong
摘要：Why do seemingly similar firms show such different productivity? We argue that unresolved measurement problems, i.e., the persistent incongruity between economic transactions and their accounting representation, affect resource allocation. Our metric quantifies technical accounting terminology in firm disclosures to capture these unresolved measurement problems, UMPs, using over 90,000 10-Ks. A one standard deviation increase in UMP is associated with lower capital investment (6 percent), R&D ...
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作者：Arya, Anil; Pfeiffer, Thomas
作者单位：University System of Ohio; Ohio State University; University of Vienna
摘要：We model two competing firms, each operating through their controlled subsidiaries while also holding a minority financial stake in their rival's subsidiary. Under such cross-ownership, we derive the firms' optimal disclosure policies, showing how they are affected by technological spillovers, competitive intensity, and the nature of product markets. The results demonstrate that cross-ownership induces more disclosures, benefiting the firm because disclosures promote the profit of its subsidia...
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作者：Bol, Jasmijn C.; Fogel-Yaari, Hila; Grabner, Isabella; Sedatole, Karen L.
作者单位：Tulane University; University of Texas System; University of Texas Arlington; Ono Academic College; Vienna University of Economics & Business; Emory University
摘要：Organizational citizenship behavior (OCB), which involves employees voluntarily going above and beyond their defined job responsibilities, is important for organizational success. We examine unintended consequences of using a management control system to promote and reward OCBs. Specifically, because OCB transcends preestablished core job performance criteria, valuation of OCB necessarily relies on subjective judgments, allowing gender stereotypes to manifest. Using proprietary data from a fin...
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作者：Blum, Emily S.; Hatfield, Richard C.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Alabama System; University of Alabama Tuscaloosa
摘要：The audit environment operates using an apprenticeship model, where more experienced auditors are responsible for the training and development of junior auditors. Academic research has investigated this model primarily as a quality control mechanism for the subordinate's work product. In contrast, we investigate what effect the apprenticeship model has on supervising auditors. We theorize that coaching an apprentice activates norms that are accompanied by an ideal audit quality focus. In an ex...
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作者：Ege, Matthew; Nicoletti, Allison; Stuber, Sarah B.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Pennsylvania
摘要：We examine whether auditor scrutiny over the allowance for loan losses (ALL) is associated with bank lending decisions. Using PCAOB inspection findings over the ALL to capture increases in auditor scrutiny, we find that auditor scrutiny is associated with a larger ALL for homogeneous loans (i.e., residential mortgages and consumer loans) but not for heterogeneous loans (i.e., commercial real estate; commercial and industrial loans). We next find that auditor scrutiny is associated with a shift...
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作者：Fan, Grace Haoqing
作者单位：Singapore Management University
摘要：I examine whether, and through which channels, government pension accounting regulations affect local housing markets and economies. Using both a contiguous border-county approach across multiple states and a single-state study in California, I find that regions exposed to more severe state-level pension underfunding experience lower housing market growth after the introduction of Government Accounting Standards Board (GASB) regulations 67 and 68, which significantly enhance the transparency o...
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作者：Jim, Jeffrey; Rigberg, David A.
作者单位：Minneapolis Heart Institute Foundation; University of California System; University of California Los Angeles
摘要：Applicant interviews remain an integral part of the match process used in graduate medical education. In vascular surgery, in-person interviews of the applicant by program faculty at the institution have been the standard for decades. The COVID-19 pandemic forced a dramatic pivot to virtual interviews. With this unexpected change, there is now insight that interview format can affect equal and fair access, negatively impact the environment, as well as alter financial and administrative burden ...
