The Accounting Review

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• More Disclosure, Fewer Outside Opportunities? Accelerated Patent Disclosure and Market for Managerial Human Capital AI翻译
  作者：Wu, Fan
  作者单位：Chinese University of Hong Kong
  摘要：This paper studies whether and how firms' enhanced public disclosures of patent filings can spill over to the managerial labor market. Consistent with these disclosures crowding out the demand for directors and senior managers' (DSMs) private information, I find that their external employment opportunities deteriorate when firms disclose patent information more timely. This effect is more pronounced when the strategic value of the disclosed information is higher and when DSMs face fewer barrie...
• Financial Reporting and Consumer Behavior AI翻译
  作者：Noh, Suzie; So, Eric C.; Zhu, Christina
  作者单位：Stanford University; Massachusetts Institute of Technology (MIT); University of Pennsylvania
  摘要：We show that financial reporting influences consumer behavior by drawing consumer attention to announcing firms. Analyzing global positioning system (GPS) data, we document upticks in foot traffic to firms' commercial locations immediately following their earnings announcements. This increase is more pronounced for announcements with substantial media attention, fewer concurrent announcements, heightened internet search volume, and extreme stock price jumps and earnings surprises-indicating th...
• The Effect of Relative Performance Evaluations on Employee Judgments of and Behavioral Responses to Managerial Monitoring AI翻译
  作者：Burke, Joseph; Samet, Jordan A.
  作者单位：Colorado State University System; Colorado State University Fort Collins; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
  摘要：We examine whether and how a widely established finding-employees respond negatively to managerial monitoring-generalizes to different performance-evaluation systems. We predict that relative performance evaluations (RPEs), a common evaluation feature in multiagent settings, attenuate employees' negative responses to managerial monitoring. The results of our experiment support our theory. Consistent with prior literature, we find that without RPE, employees respond significantly more negativel...
• How Resilient Are Firms' Financial Reporting Processes to the Sudden Loss of a CFO? Evidence from Sudden Deaths AI翻译
  作者：Mcvay, Sarah E.; Rabier, MaryJane R.
  作者单位：University of Washington; University of Washington Seattle; Washington University (WUSTL)
  摘要：We examine how resilient firms' financial reporting processes are to the sudden death of a Chief Financial Officer (CFO)-a plausibly exogenous shock that allows us to provide insights on the role of the CFO while abstracting away from the endogenous nature of CFO employment. We find that the likelihood of an adverse reporting event-a delayed SEC filing or ex post restatement-doubles in the year following the event, on average. The financial process is less resilient in more complex firms and m...
• The Association between PCAOB Revenue-Deficient Audit Engagements and Revenue Quality AI翻译
  作者：Abbott, Lawrence J.; Boland, Colleen M.; Mccarthy, Sean M.; Swenson, Laura A.
  作者单位：University of Wisconsin System; University of Wisconsin Milwaukee
  摘要：The Big 4 auditors are inspected annually by the Public Company Accounting Oversight Board (PCAOB), with the summarized findings (labeled audit deficiencies) being publicly available on its website. Although the PCAOB claims that its inspection findings and process are designed to increase audit quality, there is limited empirical evidence to support this claim. We examine whether changes in revenue-deficient audit engagements are associated with subsequent year changes in client revenue quali...
• Thoughts on Management Accounting Research at The Accounting Review's Centennial AI翻译
  作者：Labro, Eva
  作者单位：University of North Carolina; University of North Carolina Chapel Hill
  摘要：On the occasion of The Accounting Review's centennial, I bring renewed urgency to the need for management accounting research to have practical relevance given the budgetary pressures on higher education. Practically relevant research is also relevant in the classroom. I present three ideas to increase the practical and teaching relevance of management accounting research. First, study the heterogeneity in management accounting practices across industries and embrace single-industry research d...
• Tax, Technology, and Craftsmanship AI翻译
  作者：Radcliffe, Vaughan; Spence, Crawford; Stein, Mitch
  作者单位：Western University (University of Western Ontario); University of London; King's College London
  摘要：: The impacts of technological change and automation are now being explored in audit, yet parallel studies of tax practitioners are more limited in scope. It cannot be assumed that the two practice areas will follow similar paths. The present study reports the results of a multimethod qualitative study of tax lawyers and accountants that suggests that tax work is more resistant to technology than auditing. Although automation is enthusiastically embraced in the area of tax compliance, this is ...
• Are There Externalities of Private Firm News Disclosure? Evidence from Public Firms' Investment AI翻译
  作者：Chen, Feng; Ding, Yi; Du, Xingqiang; Tseng, Kevin; Wang, Xiaoqiao
  作者单位：University of Toronto; The Chinese University of Hong Kong, Shenzhen; The Chinese University of Hong Kong, Shenzhen; Xiamen University; Chinese University of Hong Kong; National Taiwan University
  摘要：This study examines whether and how voluntary news disclosure made by private firms affects investment sensitivities of public peer firms. Analyzing data from U.S. public firms from 1996 to 2018, we discover that public firms' investment sensitivities intensify in industries with active private firm disclosures; a one standard deviation increase in private firm news disclosure raises public firms' investment sensitivities by 14.5-17.6 percent. To mitigate endogeneity, we employ instrumental-va...
• Do Firms Respond to Auditors' Red Flags? Evidence from Goodwill Impairment Key Audit Matter Disclosures AI翻译
  作者：Andreicovici, Ionela; Jeny, Anne; Lui, Daphne
  作者单位：IE University; IESEG School of Management; ESSEC Business School
  摘要：We investigate the link between the expanded audit report and firms' financial disclosure decisions, focusing on auditors' mentions of goodwill impairment as a key audit matter (KAM). Drawing from a sample of the United Kingdom Premium Listed companies with goodwill on their balance sheets during 2014-2019, we identify instances where goodwill impairment is flagged as a KAM and contrast firms' disclosure levels on goodwill impairment using textual measures constructed from information in their...
• Internal Accounting Hiring and Operational Efficiency: Evidence from the Implementation of ASC 842 AI翻译
  作者：Roh, Yongoh
  作者单位：McGill University
  摘要：ASC 842 requires firms to collect and analyze lease contracts for accounting classification, measurement, and recognition purposes. Leveraging the implementation of ASC 842, I examine firms' internal accounting hiring and its impact on the efficiency of lease management. I find that the standard prompts leaseintensive firms to significantly increase their internal accounting hiring, which enhances lease-related financial reporting quality. Moreover, firms that increased accounting hiring achie...