The Accounting Review

最新文章

• Reducing Underreporting by Aggregating Budgeted Time AI翻译
  作者：Mendoza, Kim, I
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign
  摘要：Underreporting, or reporting fewer hours than actually worked, is a prevalent behavior among auditors at all levels. Underreporting can result in negative consequences, such as tight budgets and reductions in future audit quality. In this paper, I propose a low-cost budget formatting procedure that reduces underreporting. Using an experiment, I document that individuals with higher underreporting incentives underreport less when given an aggregated budget relative to a disaggregated budget. Wh...
• Group Identity, Performance Transparency, and Employee Performance AI翻译
  作者：Shang, Ruidi; Abernethy, Margaret A.; Hung, Chung-Yu
  作者单位：Tilburg University; University of Melbourne
  摘要：Economics, social psychology, and management studies suggest that group identity plays an important role in directing employee behaviors. On the one hand, strong group identity could motivate high effort to resolve conflicts of interests in the workplace. On the other hand, it could encourage conformity toward group norms. We examine whether the effect of group identity is conditional on managers' performance reporting choices. Drawing on survey and archival data from a field site, we find tha...
• Do Global Audit Firm Networks Apply Consistent Audit Methodologies across Jurisdictions? Evidence from Financial Reporting Comparability AI翻译
  作者：Ege, Matthew S.; Kim, Young Hoon; Wang, Dechun
  作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; George Mason University
  摘要：Brand name audit firms are global networks of local audit firms. These networks claim to enforce consistent audit methodologies across their member firms, which, if true, should systematically affect client financial reporting. We find that clients from different countries have more (less) comparable accruals when they are audited by local audit firms from the same global network (different global networks). Furthermore, inferences are similar when we examine client accrual comparability aroun...
• On the Relation between Financial Reporting Quality and Country Attributes: Research Challenges and Opportunities AI翻译
  作者：Isidro, Helena; Nanda, Dhananjay (DJ); Wysocki, Peter D.
  作者单位：Instituto Universitario de Lisboa; University of Miami; Boston University
  摘要：We provide new evidence on the codependence among the many country attributes previously linked to financial reporting quality. First, we show that the synchronicity of 21 changing country attributes spikes surrounding mandatory IFRS adoption. Thus, while IFRS adoption explains'' increased reporting quality, this finding disappears after including other changing country determinants of reporting quality. Second, a single underlying factor distills the numerous reporting quality measures used i...
• Is There Information Content in Information Acquisition? AI翻译
  作者：Drake, Michael S.; Johnson, Bret A.; Roulstone, Darren T.; Thornock, Jacob R.
  作者单位：Brigham Young University; George Mason University; University System of Ohio; Ohio State University
  摘要：In this study, we examine whether investors' actions to acquire accounting information are predictive of future firm performance because these actions partially reveal investors' private expectations of this performance. Using a database of EDGAR downloads, we find some evidence that information acquisition of accounting reports by EDGAR users is, on average, predictive of future firm performance. We then determine the identity of the EDGAR user and examine whether different users' private exp...
• Customer-Base Concentration, Investment, and Profitability: The US Government as a Major Customer AI翻译
  作者：Cohen, Daniel A.; Li, Bin
  作者单位：Texas A&M University System; Texas A&M University College Station; University of Oklahoma System; University of Oklahoma - Norman
  摘要：We examine whether customer-base concentration has a differential impact on profitability for firms contracting with major government customers versus firms contracting with major corporate customers. We document that firm profitability increases with the concentration of major government customers, but decreases with the concentration of major corporate customers. We attribute the contrasting results to the differential impact of major government and corporate customers on demand uncertainty....
• The Effect of Voluntary Clawback Adoptions on Corporate Tax Policy AI翻译
  作者：Kubick, Thomas R.; Omer, Thomas C.; Wiebe, Zac
  作者单位：University of Nebraska System; University of Nebraska Lincoln; University of Arkansas System; University of Arkansas Fayetteville
  摘要：Companies are adopting executive compensation recoupment (clawback) policies to discourage aggressive financial reporting choices. Recent research suggests clawback policies encourage other means of meeting earnings expectations. We suggest that reducing income tax expense is a means of meeting earnings expectations. We find that effective tax rates are lower after clawback adoption due to increased investments in tax planning. We identify three tax planning activities that clawback companies ...
• Earnings and Firm Value in the Presence of Real Options AI翻译
  作者：Hiemann, Moritz
  作者单位：Columbia University
  摘要：To explain the empirically documented nonlinear, non-monotonic relationship between earnings and firm value, it suffices to assume that firms continually take profit-maximizing decisions in response to newly arriving investment opportunities. The real options embedded in these opportunities create hysteresis effects that lead to the well-known, but so far poorly understood, negative earnings-to-value relation among loss-making firms. Optionality also predicts the future growth component of fir...
• An Empirical Analysis of Employee Responses to Bonuses and Penalties AI翻译
  作者：Van der Stede, Wim A.; Wu, Anne; Wu, Steve Yu-Ching
  作者单位：University of London; London School Economics & Political Science; National Chengchi University; Western University (University of Western Ontario)
  摘要：We examine how employees respond to bonuses and penalties using a proprietary dataset from an electronic chip manufacturer in China. First, we examine the relative effects of bonuses and penalties and observe a stronger effect on subsequent effort and performance for penalties than for bonuses. Second, we find that the marginal sensitivity of penalties diminishes faster than that of bonuses, indicating that the marginal effect of a bonus may eventually exceed that of a penalty as their value i...
• Income Smoothing as Rational Equilibrium Behavior? A Second Look AI翻译
  作者：Hemmer, Thomas
  作者单位：Rice University
  摘要：In this paper I revisit the issue of real income smoothing in the setting used by Lambert (1984). I demonstrate that the particular effect identified in his paper is actually an error: under his assumptions, there is no input-driven equilibrium income smoothing of the type he suggests. There are, however, several other drivers of equilibrium behavior ignored in that paper. In this paper, I identify those and, for the particular model structure, show that when all effects are considered togethe...