The Accounting Review

最新文章

• Auditor Changes and the Cost of Bank Debt (vol 92, pg 155, 2017) AI翻译
  作者：Francis, Bill B.; Hunter, Delroy M.; Robinson, Dahlia M.; Robinson, Michael N.; Yuan, Xiaojing
  作者单位：Rensselaer Polytechnic Institute; State University System of Florida; University of South Florida; University of Tampa; University of Massachusetts System; University of Massachusetts Lowell
• Accounting in 2036: A Learned Profession Part I: The Role of Research AI翻译
  作者：Barth, Mary E.
  作者单位：Stanford University
  摘要：My vision is that by 2036 accounting is known as the learned profession that provides information for informed decision-making to support a prosperous society. By 2036, academic and practicing accountants view themselves as part of the same profession, and practicing accountants look to academics to develop knowledge relevant to identifying information-and its characteristics-useful in informing decisions. In sum, insights from research are instrumental in shaping accounting in practice. To ac...
• Beyond Diversity: A Tale of Faultlines and Frictions in the Board of Directors AI翻译
  作者：Van Peteghem, Mathijs; Bruynseels, Liesbeth; Gaeremynck, Ann
  作者单位：Maastricht University; KU Leuven
  摘要：Various regulatory governance initiatives have strived for board diversity, as diversity stimulates creativity, encourages discussion, and enlarges the board's knowledge base. However, increased diversity results in superior decision-making only when the board is free from conflicts and acts as a cohesive group. In this paper, we extend existing corporate governance research by introducing faultline theory to the board of directors (Lau and Murnighan 1998). The idea is to show how a board's di...
• Capitalism without Capital AI翻译
  作者：Gu, Feng
  作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY
• Frequent Financial Reporting and Managerial Myopia AI翻译
  作者：Kraft, Arthur G.; Vashishtha, Rahul; Venkatachalam, Mohan
  作者单位：City St Georges, University of London; Duke University
  摘要：Using the transition of U.S. firms from annual reporting to semi-annual reporting and then to quarterly reporting over the period 1950-1970, we provide evidence on the effects of increased reporting frequency on firms' investment decisions. Estimates from difference-in-differences specifications indicate that increased reporting frequency is associated with an economically large decline in investments. Additional analyses reveal that the decline in investments is most consistent with frequent ...
• The Effects of Mandatory Audit Firm Rotation on Client Importance and Audit Industry Concentration AI翻译
  作者：Bleibtreu, Christopher; Stefani, Ulrike
  作者单位：University of Konstanz
  摘要：Recently, a system of audit firm rotation has been implemented for the audits of listed companies conducted in the European Union (EU). In the U.S., in contrast, the regulator decided against such rotation. Whereas proponents argue that rotation would strengthen independence and decrease audit market concentration, opponents stress the importance of auditors' learning effects, which would be eliminated by a change in auditors. In extending the market matching model of Salop (1979), we provide ...
• Does Fair Value Accounting Provide More Useful Financial Statements than Current GAAP for Banks? AI翻译
  作者：McInnis, John M.; Yu, Yong; Yust, Christopher G.
  作者单位：University of Texas System; University of Texas Austin; Texas A&M University System; Texas A&M University College Station
  摘要：Standard setters contend that fair value accounting yields the most relevant measurement for financial instruments. We examine this claim by comparing the value relevance of banks' financial statements under fair value accounting with that under current GAAP, which is largely based on historical costs. We find that the combined value relevance of book value of equity and income under fair value is less than that under GAAP. We also find that fair value income is less value-relevant than GAAP i...
• Taxation and Corporate Risk-Taking AI翻译
  作者：Langenmayr, Dominika; Lester, Rebecca
  作者单位：Leibniz Association; Ifo Institut; Stanford University
  摘要：We study whether the corporate tax system provides incentives for risky firm investment. We analytically and empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss rules shift some risk to the government; and second, the tax rate has a positive effect on risk-taking for firms that expect to use losses, and a weak negative effect for those that cannot. Thus, the sign of the tax effect on risky investment hinges on firm-spe...
• Stakeholder Conflicts and Cash Flow Shocks: Evidence from Changes in ERISA Pension Funding Rules AI翻译
  作者：Dambra, Michael J.
  作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY
  摘要：In 2012, Congress passed Moving Ahead for Progress in the 21st Century (MAP-21), which changed the ERISA pension funding rules such that mandatory pension contributions decreased. Advocates for the bill argued that reducing mandatory contributions would increase firms' investment. In contrast, I do not find an average increase in investment among the firms benefiting from MAP-21. Rather, I find that firms either hold pension funding relief on their balance sheets as liquid assets or pay out pe...
• Leveling the Playing Field between Large and Small Institutions: Evidence from the SEC's XBRL Mandate AI翻译
  作者：Bhattacharya, Nilabhra; Cho, Young Jun; Kim, Jae B.
  作者单位：Southern Methodist University; Singapore Management University; Lehigh University
  摘要：We investigate how XBRL adoption affects smaller institutions' access to financial statement information relative to their larger counterparts. We examine three aspects of trading responsiveness: abnormal trading volume, response speed to 10-K information, and decision to trade immediately following the 10-K filing. With regard to all three aspects of trading responsiveness, we find that small institutions' responsiveness to 10-K news increases significantly more relative to the change experie...