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作者：Harp, Nancy L.; Barnes, Beau Grant
作者单位：Clemson University; Washington State University
摘要：This study examines internal control weaknesses (ICWs) reported under Sarbanes-Oxley (SOX) Section 302 in the context of mergers and acquisitions. We predict that problems in an acquirer's internal control environment have adverse operational implications for acquisition performance. We argue that acquirers with low-quality internal information needed to select profitable acquisitions will make poorer acquisition decisions. We also argue that ICWs impede effective monitoring and are likely to ...
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作者：Harris, Trevor S.; Khan, Urooj; Nissim, Doron
作者单位：Columbia University
摘要：Estimating expected credit losses on banks' portfolios is difficult. The issue has become of increasing interest to academics and regulators with the FASB and IASB issuing new regulations for loan impairment. We develop a measure of the one-year-ahead expected rate of credit losses (ExpectedRCL) that combines various measures of credit risk disclosed by banks. It uses cross-sectional analyses to obtain coefficients for estimating each period's measure of expected credit losses. ExpectedRCL sub...
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作者：Lin, Yupeng; Mao, Ying; Wang, Zheng
作者单位：National University of Singapore; Lingnan University; City University of Hong Kong
摘要：We document peer effect as an important factor in determining corporate voluntary disclosure policies. Our identification strategy relies on a discontinuity in the distribution of institutional ownership caused by the annual Russell 1000/2000 index reconstitution. Around the threshold of the Russell 1000/2000 index, the top Russell 2000 index firms experience a significant jump in institutional ownership compared with their closely neighbored bottom Russell 1000 index firms due to index funds'...
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作者：Glaum, Martin; Landsman, Wayne R.; Wyrwa, Sven
作者单位：WHU - Otto Beisheim School of Management; University of North Carolina; University of North Carolina Chapel Hill; Justus Liebig University Giessen
摘要：This study investigates the determinants of goodwill impairment decisions by firms applying IFRS based on a comprehensive sample of stock-listed firms from 21 countries. Multivariate logistical regression findings indicate that goodwill impairment incidence is negatively associated with economic performance, but also related to proxies for managerial and firm-level incentives. In addition, whereas goodwill impairment tends to be timely for firms in high enforcement countries, firms in low enfo...
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作者：Nelson, Mark W.; Proell, Chad A.
作者单位：Cornell University; Texas Christian University
摘要：This paper examines audit team leader reactions to auditors who speak up about potentially important audit issues. Study 1 is a survey of interacting audit teams and provides evidence of higher performance evaluations for auditors who speak up. Studies 2, 3, and 4 are experiments examining team leader reactions to speaking up, both at the time speaking up occurs (Study 2) and later, during performance evaluation (Studies 2, 3, and 4). Results provide evidence that team leaders react with irrit...
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作者：Tang, Michael; Venkataraman, Shankar
作者单位：New York University; University System of Georgia; Georgia Institute of Technology
摘要：Theory suggests that the provision of voluntary disclosure, in itself, is informative to investors, but prior empirical research largely focuses on investors' reaction to the content of disclosure. We extend the literature on earnings guidance by experimentally examining how investors react to a firm's historical pattern of guidance provision, holding constant guidance content. We manipulate two dimensions of guidance provision-how often guidance is provided (frequency), and whether guidance i...
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作者：Haesebrouck, Katlijn; Cools, Martine; Van den Abbeele, Alexandra
作者单位：Maastricht University; KU Leuven
摘要：We examine how incentive systems influence knowledge transfer between group members with equal or different status who solve an interdependent task. In our experiment, group members receive group or individual incentives, while status is manipulated by assigning job titles with corresponding role descriptions. Although all conditions require knowledge sharing to maximize payoffs, our results suggest that significantly more knowledge is shared under group incentives relative to individual incen...
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作者：Vorst, Patrick; Yohn, Teri Lombardi
作者单位：Maastricht University; Indiana University System; Indiana University Bloomington
摘要：Mean reversion in profitability and growth is a well-documented phenomenon; however, comparatively less is known about the level of analysis that best captures mean reversion. In this study, we find that analyzing firms by life cycle stage improves the out-of-sample accuracy of profitability and growth forecasts over analyzing firms pooled across the economy and analyzing firms by industry. The improved accuracy is robust to both short-term and long-term forecasts of profitability and growth. ...
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作者：Messier, William F., Jr.; Schmidt, Martin
作者单位：Norwegian School of Economics (NHH); heSam Universite; ESCP Business School
摘要：This paper reports on the first experimental study to examine how materiality and client pressure affect auditors' judgments of two detected misstatements that have offsetting effects on the client's income. One hundred forty-three experienced German auditors completed a case that varied the misstatement distribution (same or different accounts), the presence or absence of client pressure, and quantitative materiality of the misstatements nested in the client pressure condition (net amount les...
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作者：Singer, Zvi; Zhang, Jing
作者单位：Universite de Montreal; HEC Montreal; University of Alabama System; University of Alabama Huntsville
摘要：Using the timeliness of misstatement discovery as a proxy for audit quality, we examine the association between audit firm tenure and audit quality in a setting that alleviates the endogeneity problem endemic to this line of research. We find that longer audit firm tenure leads to less timely discovery and correction of misstatements, which is consistent with a negative effect of long auditor tenure on audit quality. In addition, using the non-voluntary auditor change following the demise of A...
