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作者：Burke, Joseph
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Distinguishing high-performing employees imposes choices on managers: Is recognition most effectively delivered publicly or privately? If delivered publicly, what setting is best? This paper broadens the accounting literature on the implications of these decisions. Via experiment, I examine how the social bond between recognized employees and those observing the recognition influences the effect of recognition visibility on employee behavior. I find that with weak social bonds, public recognit...
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作者：Chakraborty, Indraneel; Leone, Andrew J.; Minutti-Meza, Miguel; Phillips, Matthew A.
作者单位：University of Miami; Northwestern University; University of Miami
摘要：Recent evidence suggests that investors struggle to process complex financial disclosures. Relative to equity and public debt investors, banks have unique advantages in acquiring information and can impose contractual terms to mitigate information frictions. We investigate whether financial statement complexity is associated with firms??? reliance on bank financing and the terms of bank loans. We focus on two aspects of complexity: the length of financial reports and the complexity of financia...
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作者：Chattopadhyay, Akash; Lyle, Matthew R.; Wang, Charles C. Y.
作者单位：University of Toronto; Northwestern University; Harvard University
摘要：This study provides the first large-scale study of the performance of expected-return proxies (ERPs) internationally. Analyst-forecast-based ICCs are sparsely populated and not robustly associated with future returns. Earnings-model-forecast-based ICCs are well-populated, but are unreliable outside the U.S. We adapt and extend the log-linear and present-value (LPV) framework-combining an accounting valuation anchor, its expected growth, and market prices-for estimating ERPs internationally, an...
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作者：Drake, Katharine D.; Goldman, Nathan C.; Murphy, Francis
作者单位：University of Arizona; North Carolina State University; University of Connecticut
摘要：We examine the effect of foreign employment on two outcomes-income shifting and the tax uncertainty of foreign transactions. Using a hand-collected sample of employment disclosures, we partition our sample into firm-years with a higher or lower degree of foreign employment. Using two distinct income shifting models, we document that, on average, a high degree of foreign employment is associated with greater tax-motivated income shifting out of the U.S. We also posit and find that a high degree...
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作者：Rees, Lynn; Twedt, Brady J.
作者单位：Utah System of Higher Education; Utah State University; University of Oregon
摘要：This study examines whether firms' political activism induces bias in the media coverage of earnings announcements and how such coverage impacts markets. We infer firm political ideology based on employee political contributions and identify firm and manager characteristics associated with distinct ideologies. We find that media outlets negatively slant their coverage of earnings announcements when the political leanings of the outlet are incongruent with the political ideology of the firm. Co...
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作者：He, Xianjie; Kothari, S. P.; Xiao, Tusheng; Zuo, Luo
作者单位：Shanghai University of Finance & Economics; Massachusetts Institute of Technology (MIT); Central University of Finance & Economics; Cornell University
摘要：Using a difference-in-differences approach, we examine the effect of industry-specific knowledge transfer on audit performance after a merger of two Chinese audit firms with different levels of expertise in an industry. For clients in an industry audited by both merging audit firms, those audited by the audit firm less specialized in that industry belong to the treatment group, while all other clients belong to the control group. We find an economically significant improvement in audit quality...
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作者：Schuhmacher, Karl; Towry, Kristy L.; Zureich, Jacob
作者单位：Emory University; Tilburg University
摘要：Leading by example is one of the most powerful methods to encourage individuals to work toward a common objective. Despite the importance of leadership, little is known about how the effectiveness of leading by example depends on institutional features, such as the transparency and design of leaders??? compensation contracts. We conduct two experiments to study this interplay between leadership and contracting in organizations with social missions (i.e., socially driven organizations). We find...
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作者：Hurley, Patrick J.; Gal-Or, Ronen; Knechel, W. Robert; Pesch, Heather L.
作者单位：Northeastern University; Bentley University; State University System of Florida; University of Florida; University of Auckland; Oregon State University
摘要：We use hand-collected data to analyze submission-to-acceptance (STA) times in the top-tier accounting journals relative to other top-tier business journals from 1993 through 2021. We find that, vis-a-vis other business disciplines, STA times at top-tier accounting journals were shorter in the first half of our sample period and significantly longer thereafter. We also observe shorter STA times for articles with authors from more highly ranked institutions; this effect exists only in top-tier a...
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作者：Lee, Gladys; Naiker, Vic; Stewart, Christopher R.
作者单位：University of Melbourne; University of Chicago
摘要：This study examines whether the audit quality of Big 4 audit firms is affected by an audit office's proximity to more target universities for appointing staff auditors. We identify these target universities using a recruitment map of a Big 4 audit firm and unique office-level hiring data hand-collected from LinkedIn. Our findings suggest that audit offices closer to more of their key feeder schools and universities with accredited business schools are associated with higher audit quality, as o...
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作者：Livdan, Dmitry; Nezlobin, Alexander
作者单位：University of California System; University of California Berkeley; University of London; London School Economics & Political Science
摘要：Existing dynamic investment models that show that a manager can be incentivized to implement the optimal investment policy rely on the assumption that the firm is operating in an ever-expanding product market. This paper presents an analytically tractable, discrete-time, neoclassical model with irreversible investment and the possibility of unfavorable demand events. We show that even when the principal is uninformed about changes in demand for the firm's output, there exists a performance mea...
