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作者：Sloan, Richard G.
作者单位：University of Southern California
摘要：Publications on external reporting have played an important role in the first 100 years of The Accounting Review. The first 40 years featured publications prescribing desirable financial accounting principles. The next 45 years featured archival empirical research focusing on managers' financial accounting choices and the use of financial accounting information by capital market participants. The most recent 15 years have been characterized by growth in research on sustainability reporting. I ...
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作者：Chen, A. J. Yuan; Even-Tov, Omri; Kang, Jung Koo; Wittenberg-Moerman, Regina
作者单位：University of British Columbia; University of California System; University of California Berkeley; Harvard University; Northwestern University
摘要：To mitigate information asymmetry about borrowers in developing economies, digital lenders use machine-learning algorithms and nontraditional data from borrowers' mobile devices. Consequently, digital lenders have managed to expand access to credit for millions of individuals lacking a prior credit history. However, short-term, high-interest digital loans have raised concerns about predatory lending practices. To examine how digital credit influences borrowers' financial well-being, we use pro...
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作者：Evans III, John H.; Presslee, Adam; Vandenberg, Alex J.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Waterloo; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Firms commonly employ leaderboards within their peer-to-peer recognition programs. We experimentally investigate how ranking basis-variation in the measure firms use to determine leaderboard rankings- affects employees' proactive helping behavior. We find that leaderboards ranking employees based on the number of times peer-to-peer recognition is received decrease proactive helping compared with when no leaderboard is provided. Conversely, leaderboards ranking employees based on the number of ...
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作者：Li, Edward Xuejun; Ramesh, K.; Shen, Min; Wu, Joanna Shuang
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Rice University; George Mason University; University of Rochester
摘要：Ball and Brown (1968) introduce a method to measure accounting earnings' contribution to price discovery toward the end-of-period price. Building on this method, we examine a comprehensive set of corporate disclosures and document a large gap in their contribution to annual price discovery between bad and good news years (40 percent versus over 60 percent), despite no such difference in stock return variance (partial R2). These patterns are consistent with managers proactively releasing good n...
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作者：Cianciaruso, Davide; Qiu, Lin; Xue, Wenjie
作者单位：New Economic School; Purdue University System; Purdue University; Cornerstone Research
摘要：We study the effects of disclosure in a dynamic market with imperfect competition. The supply of an asset is determined by a large shareholder with price impact, who trades slowly to diversify away from concentrated ownership. Small investors provide capital and thus risk-bearing capacity to the market. Although it is well known that disclosure impedes risk sharing by shifting risk before future trading opportunities, we show that disclosure, at the same time, can enhance risk sharing by promo...
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作者：Gallemore, John; Jacob, Martin
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of Navarra; IESE Business School
摘要：We examine the consequences of corporate tax enforcement for business activity. Using two different empirical approaches-a regional design and a firm-level design-we document that corporate tax enforcement is negatively associated with business activity, as measured by establishments and employment. This association is economically significant and is robust to tests that mitigate concerns regarding endogeneity and measurement. Furthermore, we find that the negative association between tax enfo...
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作者：Hann, Rebecca N.; Li, Congcong; Mazur, Laurel; Lee, Hanna
作者单位：University System of Maryland; University of Maryland College Park; Duquesne University; University of Notre Dame
摘要：We examine whether corporate financing activities (CFA) in aggregate convey information about the macroeconomy. Using statement of cash flow information to construct a bottom-up measure of CFA, we find that it has significant predictive power for future economic activity when we exclude a small set of firms whose external financing is largely insulated from macroeconomic conditions. This CFA index has predictive power beyond that of the Gilchrist-Zakrajsek credit spread, aggregate earnings, an...
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作者：Sran, Gurpal S.
作者单位：New York University
摘要：I study disclosure choices in job postings and the following tradeoff: detailed postings inform and attract optimal job applicants (labor market channel) but could simultaneously inform competitors in labor and product markets (proprietary costs channel). First, I provide evidence consistent with a proprietary costs channel. Conditional on a set of labor demand characteristics, private firms and redacting firms write shorter postings (i.e., less contextual specificity), and postings are more o...
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作者：Starica, Catalin; Marton, Jan P.
作者单位：University of Neuchatel; University of Gothenburg
摘要：The relationships between accounting earnings and stock prices, as well as between unexpected earnings and returns, have received substantial attention in the empirical literature. Several theoretical models predict the shapes of these relationships. However, a comprehensive empirical description that could be used to evaluate these predictions is lacking. By integrating recent advances in statistics and machine learning with findings in the accounting literature, we develop an empirical metho...
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作者：Balsam, Steven; Mao, Connie X.; Xu, Min; Zhang, Yinge (Jack)
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; State University System of Florida; Florida State University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Shanghai International Studies University
摘要：In this paper, we test the labor donation hypothesis, which posits that intrinsically motivated individuals willingly accept lower compensation to work in nonprofit organizations (NPOs). We do so by examining the response of NPO CEO compensation to exogeneous increases in labor costs resulting from state-level minimum wage hikes, finding these increases are followed by declines in CEO compensation. Consistent with the labor donation hypothesis, we find the declines in compensation are larger f...
