The Accounting Review

最新文章

• Un-Nudging Pay Gaps: The Role of Pay Raise Budget Framing AI翻译
  作者：Gunnell, Hayden T.; Schuhmacher, Karl; Towry, Kristy L.
  作者单位：University of Texas System; University of Texas Austin; Emory University
  摘要：Pay gaps, like gender or racial gaps, violate the widely held belief that employees should receive equal pay for equal work. This study examines whether a common control choice-framing pay raise budgets in percentages-contributes to perpetuating pay gaps. We predict that when the pay raise budget is framed as a percentage (the percentage frame), it inadvertently nudges managers to anchor individual raises on that budget percentage, thereby impounding prior salaries, and thus, existing inequiti...
• Perioperative Evaluation and Risk Stratification of the Elderly Patient Undergoing Vascular Intervention AI翻译
  作者：Cui, Christina L.; Fereydooni, Arash; Arya, Shipra; Drudi, Laura M.
  作者单位：Duke University; Stanford Medicine; Stanford University; Universite de Montreal
  摘要：The surgical management of elderly patients has become increasingly important as the population ages in the U.S. and globally, and the incidence of cardiovascular risk factors continues to rise. Geriatric surgical patients face heightened surgical risks due to age-related physiological changes, which may extend beyond comorbidities, best described as geriatric syndromes. A thorough geriatric evaluation involves examining risk factors for these syndromes, which includes an extensive review of t...
• Navigating treatment decisions for CLTI in older adults: Primary amputation vs revascularization AI翻译
  作者：Radomski, Shannon N.; Holscher, Courtenay M.
  作者单位：Johns Hopkins University; Johns Hopkins Medicine
  摘要：As the world's elderly population continues to grow, the proportion of people living with chronic medical conditions is also increasing. Cardiovascular diseases including hypertension, diabetes, and atherosclerosis are among the most common, and as a result peripheral artery disease (PAD) is increasingly prevalent in this population. It is estimated that 15% to 20% of the elderly population has been diagnosed with PAD, and consequentially there is also a large proportion who have progressed to...
• Do Public Financial Statements Influence Private Equity and Venture Capital Financing? AI翻译
  作者：Baik, Brian K.; Berfeld, Natalie; Verdi, Rodrigo S.
  作者单位：Harvard University; Boston College; Massachusetts Institute of Technology (MIT)
  摘要：We study whether the availability of public audited financial statements influences the probability of private firms receiving private firm equity financing. Using a setting in the EU with plausibly exogenous variability in the extent to which private firms issue public financial reports, we find that private firms subject to public reporting requirements have a higher probability of obtaining private equity (PE) financing. In addition, we show that the increase in PE financing occurs in indus...
• Managing Employee Retention Concerns: Evidence from US Census Data AI翻译
  作者：Labro, Eva; Omartian, James D.
  作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of Michigan System; University of Michigan
  摘要：Using Census microdata on 28,000 manufacturing plants, we examine how firms manage employee retention concerns. In response to reductions in the local unemployment rate, plants take additional steps beyond increasing compensation. First, plants adjust bonus architecture to ensure bonuses can be paid. Second, plants offer more agency to employees by deploying high-involvement work practices that generate longer-term commitment. Third, plants pull these retention levers less when they have high ...
• Selling Its Soul? Private Equity and the Commercialization of the Attest Profession AI翻译
  作者：Donahoo, Nicole; Nielson, Christy S.; Pickerd, Jeffrey
  作者单位：Brigham Young University; University of Mississippi
  摘要：The recent influx of deals between accounting and private equity (PE) firms has raised concerns regarding potential implications for the attest profession. We interview 20 attest partners from PE-backed accounting firms, along with four experienced professionals, to examine how these partnerships affect the attest practice. Using Freidson's (2001) theory of professional autonomy as a theoretical lens, we find that despite independence requirements mandating PE-backed firms separate from their ...
• Current Expected Credit Losses (CECL) Standard and Banks' Information Production AI翻译
  作者：Kim, Sehwa; Kim, Seil; Kleymenova, Anya; Li, Rongchen
  作者单位：Columbia University; City University of New York (CUNY) System; Baruch College (CUNY); Federal Reserve System - USA; Federal Reserve System Board of Governors; University of Chicago; University of Chicago; University of Pennsylvania
  摘要：We examine whether the adoption of the current expected credit losses (CECL) model, which incorporates forward-looking information in loan loss provisions (LLPs), enhances banks' information production. Consistent with better information production, we document significant changes in both financial reporting and operational outcomes following CECL adoption. First, CECL banks' LLPs become timelier and better reflect future local economic conditions. Second, CECL banks experience lower rates of ...
• Global versus Local ESG Ratings: Evidence from China AI翻译
  作者：Zeyun, Jeff; Li, Zengquan; Mao, Ting; Yoon, Aaron
  作者单位：Texas Christian University; Shanghai University of Finance & Economics; Northwestern University
  摘要：We compare the ESG ratings of MSCI, a global rater, with those of SINO, a local Chinese rater, to evaluate their effectiveness in capturing ESG risks within the Chinese context. Using ESG issues revealed in negative incidents as a proxy for ESG risk, we find that the ratings from the two raters often diverge, with SINO generally outperforming MSCI in predicting ESG risks in China. This divergence is more pronounced for firms with extensive ESG disclosures and when there are significant differe...
• The Effect of Total Work-Time Information on a Performance Evaluation Bias against Telecommuting Mothers AI翻译
  作者：Wang, Laura W.; Williamson, Michael G.; Yang, Li
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign
  摘要：Organizations are increasingly utilizing remote monitoring tools that can track the total time telecommuting employees spend on work activities. We examine whether and how this information can eliminate a specific gender-based bias in the performance evaluations of telecommuting parents. Specifically, managers tend to evaluate telecommuting mothers less favorably than telecommuting fathers when performance outcomes are unfavorable, due to biased effort attribution. The availability of total wo...
• Ignorance Is Bliss: The Screening Effect of (Noisy) Information AI翻译
  作者：Feng, Felix Zhiyu; Wang, Wenyu; Wu, Yufeng; Zhang, Gaoqing
  作者单位：University of Washington; University of Washington Seattle; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; University System of Ohio; Ohio State University; University of Minnesota System; University of Minnesota Twin Cities; Carnegie Mellon University
  摘要：This paper studies the value of a firm's internal information when the firm faces an adverse selection problem arising from unobservable managerial abilities. Although more precise information allows the firm to make ex post more efficient investment decisions, noisier information has an ex ante screening effect that allows the firm to attract on-average better managers. The tradeoff between more effective screening of managers and more informed investment implies a nonmonotonic relationship b...