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作者：Arnold, Markus C.; Shi, Bei; Tafkov, Ivo D.; Voermans, Elien
作者单位：University of Bern; University of Amsterdam; University System of Georgia; Georgia State University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Employees' skill development is key to organizations' competitiveness in a global, knowledge-based economy. Prior research in accounting, however, has mainly focused on motivating the provision of transitory effort. This study investigates how relative performance information (RPI) as a management control influences employees' willingness to engage in skill development and whether the effect of RPI depends on whether employees face a tradeoff between training and current work performance. We p...
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作者：Feichter, Christoph
作者单位：Vienna University of Economics & Business
摘要：In three experiments, I investigate how supervisors' task performance in lower-level jobs prior to being promoted to the supervisory level influences the targets they set for employees. I propose that supervisors show an experience bias by which they overemphasize their own experiences when setting targets for employees. As such, supervisors who achieved high performance before being promoted set higher targets than low-performing supervisors, despite having the same information about the empl...
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作者：Gao, Pingyang; Bleck, Alexander
作者单位：University of Hong Kong; University of Chicago
摘要：We study the effects of mark-to-market accounting (MTM) for banks following the originate-to-distribute lending model. Banks have expertise in originating loans, but it is costly for them to retain the loans on their books. We study how the accounting measurement of the retained loans affects the banks' origination and retention decisions. We show that, relative to historic cost accounting (HC), MTM has three consequences. First, it improves the accuracy of loan measurement ex post. Second, it...
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作者：Asay, H. Scott; Hales, Jeffrey; Hinds, Cory; Rupar, Kathy
作者单位：University of Iowa; University of Texas System; University of Texas Austin; Queens University - Canada; University System of Georgia; Georgia Institute of Technology
摘要：There is limited evidence on the construct validity of the dependent measures commonly used in the literature on nonprofessional investor judgments. In this paper, we first survey the literature to understand the types of dependent measures typically used by researchers. We then conduct factor analyses to uncover linkages between dependent measures and the constructs underlying these nonprofessional investor judgments. Our results suggest that, while the wide variety of dependent measures can ...
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作者：Kuang, Xi (Jason); Majerczyk, Michael; Yang, Di
作者单位：University System of Georgia; Georgia Institute of Technology; University System of Georgia; Georgia State University; University of New South Wales Sydney
摘要：We experimentally investigate how subordinates' budget reporting in hierarchical organizations is influenced by social distance between subordinates and their direct manager. Although prior research promotes reducing this social distance to improve cooperation and efficiency, we contend that reduced social distance can differentially influence budget reporting, conditional on the manager's stake in the residual claim. As predicted, we find through two studies that the effect of reduced social ...
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作者：Guan, Yuyan; Kim, Jeong-Bon; Liu, Boluo; Xin, Xiangang
作者单位：Nanyang Technological University; City University of Hong Kong; Shanghai University of Finance & Economics
摘要：Utilizing the Trade Reporting and Compliance Engine (TRACE) setting as an exogenous shock to bond market transparency, we find that improved bond market transparency leads to lower crash risk in the stock market, consistent with increased information spillover from the bond market into the stock market. Results from the Path analysis suggest that bond market transparency affects stock price crash risk not only directly, but also indirectly through its effects on management guidance, analyst fo...
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作者：Hou, Liya; Liang, Yi; Basu, Sudipta
作者单位：Minnesota State Colleges & Universities; Saint Cloud State University; University of Virginia; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：We study the influence of bank competition on U.S. public borrowers' accounting conservatism by exploiting the staggered adoption of the Riegle-Neal Interstate Banking and Branching Efficiency Act (IBBEA) of 1994, which increased the threats of new bank entrants and actual bank entry. We find that borrowers' conditional conservatism fell after IBBEA. Conservatism fell more for firms located in states with weak incumbent banks and states with more out-of-state entrants, especially entrants with...
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作者：Booker, Adam; Curtis, Asher; Richardson, Vernon J.
作者单位：University of Denver; University of Washington; University of Washington Seattle; University of Arkansas System; University of Arkansas Fayetteville; City University of New York (CUNY) System; Baruch College (CUNY)
摘要：We use posts on the investor-focused StockTwits social media network to generate new insights regarding investor disagreement, disclosure processing costs, and trading volume around earnings announcements. Using social media-based measures of disagreement, we find that both preannouncement disagreement and increases in disagreement around an earnings announcement are positively associated with trading volume. Drawing upon the disclosure processing costs literature, we provide evidence that the...
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作者：Gunn, Joshua L.; Li, Chan; Liao, Lin; Zhou, Shan
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Kansas; Nanjing Audit University; University of Sydney
摘要：Audits of internal control over financial reporting (ICFR) are typically integrated with the audit of the financial statements (FSs)-both audits are conducted by the same audit firm, which designs procedures to satisfy the objectives of both audits simultaneously. A common assumption is that integrating the two audits is more effective and efficient than performing them separately. However, this assumption has not been tested empirically. Using a sample of Chinese companies that employ differe...
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作者：Heese, Jonas; Perez-Cavazos, Gerardo; Peter, Caspar David
作者单位：Harvard University; University of California System; University of California San Diego; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：We study the effect of executives' pledges of integrity on firms' financial reporting outcomes by exploiting a 2016 regulation that requires holders of Dutch professional accounting degrees to pledge an integrity oath. We identify chief executive officers (CEOs) and chief financial officers (CFOs) required to take the integrity oath and find that firms reduce income-increasing discretionary accruals after executives took the oath. These firms also reduce discretionary expenditures, indicating ...
