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作者：Diller, Markus; Ossietzky, Johannes Lorenz Carl von; Schneider, Georg; Sureth-Sloane, Caren
作者单位：University of Passau; Carl von Ossietzky Universitat Oldenburg; University of Graz; University of Paderborn; Vienna University of Economics & Business
摘要：This study investigates the impact of the harmonization of tax transfer pricing across jurisdictions on multinational companies' reporting and tax authorities' auditing strategies. Applying a game-theoretical approach, we assess how enhancing standards consistency and global tax transparency influences tax avoidance and double taxation, producer and consumer surplus, and countries' tax revenue. Although increasing transparency is generally perceived to discourage tax avoidance, we show that th...
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作者：Chen, Xi (Novia); Koester, Allison
作者单位：University of Houston System; University of Houston; Georgetown University
摘要：We examine the implications of GAAP earnings forecast quality for accounting research. Using a tax law change with an estimable and material GAAP earnings impact, we find that analysts' GAAP forecasts generally fail to incorporate this impact, whereas investors respond promptly, suggesting that GAAP forecasts omit earnings information deemed relevant by investors and are of low quality. Analyzing quarterly GAAP forecasts from 2004-2019 and classifying GAAP forecasts that equal their street cou...
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作者：Lennox, Clive; Li, Bing; Qu, Jinxing
作者单位：University of Southern California; City University of Hong Kong; Shanghai University of Finance & Economics
摘要：Prior research finds that audit offices lose market share after they are involved in alleged audit failures. We examine whether such reputation effects are driven by private communications from rival auditors. We determine which offices are likely to be well informed about alleged audit failures by identifying the incoming office of the client accused of misreporting and by identifying law firm connections between each audit firm and the plaintiffs and defendants in each lawsuit. Consistent wi...
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作者：Wang, Di; Cooper, Stuart M.; Chapman, Christopher S.; Calace, Donato
作者单位：Lancaster University; University of Bristol; Kyoto University
摘要：The concept of materiality has acquired great significance in sustainability reporting. Through the theoretical bricolage of boundary objects and boundary work and drawing upon 91 interviews, we trace materiality's evolving role across four interconnected episodes. Our findings show that materiality begins as a multivisionary object that draws the attention of largely unconnected groups. As different actors become more aware of each other, materiality becomes a meeting point object, and then a...
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作者：Choy, Siu Kai; Lobo, Gerald J.; Tan, Yongxian
作者单位：University of London; King's College London; University of Houston System; University of Houston; Curtin University
摘要：Seasonal fluctuations in a firm's business activities can affect its balance sheet and give rise to seasonally predictable accruals. We find that seasonal patterns in accruals are associated with future stock returns. Specifically, we find that firms with historically lower (higher) accruals in a given fiscal quarter have higher (lower) stock returns in the months when those accruals are expected to be announced. Our results suggest that investors do not fully understand and price historical i...
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作者：Jiang, Yile (Anson); Nair, Sujay
作者单位：University of Hong Kong; University of Melbourne
摘要：We examine the relationship between competition and reward practices in the public education sector. We hypothesize and find that school principals who face more intense competition make greater use of performancebased financial rewards and apply greater differentiation in its distribution between higher versus lower performing teachers. However, we do not find similar evidence for nonfinancial rewards. Further analyses suggest that financial rewards help attract and retain teachers in the fac...
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作者：Chang, Yen-Cheng; Tseng, Kevin; Yu, Tzu-Wen
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作者：Merkley, Kenneth; Pacelli, Joseph; Sun, Flora; Twedt, Brady
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Harvard University; State University of New York (SUNY) System; SUNY Maritime College; Binghamton University, SUNY; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：We examine how common media holding companies impact the uniqueness of business press content. Consistent with common media holding companies reducing the diversity of perspectives among journalists, we find that media outlets are more likely to cover the same earnings announcement and utilize more similar tone and content when they belong to a common holding company. We provide evidence that these effects are enhanced by outlet reach and economic incentives to share content. Finally, we provi...
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作者：DeFond, Mark; Hung, Mingyi; Wang, Emily Jing
作者单位：University of Southern California; University of British Columbia; Hong Kong University of Science & Technology
摘要：We investigate whether foreign institutional investors respond to the sustainability disclosures mandated by the EU's Non-Financial Reporting Directive and whether disclosure location affects their response. We find that foreign institutions increase ownership in companies affected by the mandate and that the increase is greater in countries that locate the sustainability disclosures within their annual reports, referred to as combined reporting. This is consistent with combined reporting redu...
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作者：Callahan, Carolyn M.
作者单位：University of Louisville
摘要：The world of capital markets is constantly evolving, driven by technological advancements and changing global economies, presenting challenges for accounting practitioners. Amid current dynamic capital markets, this paper proposes a pathway for generating innovative accounting research that addresses practitioners' needs by focusing on three critical financial reporting areas: contingent claim securities, sustainability/ESG metrics, and cryptocurrencies/digital assets. Secondly, to address the...
