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作者：Kim, Jeong-Bon; Song, Byron Y.; Stratopoulos, Theophanis C.
作者单位：City University of Hong Kong; University of Waterloo; Hong Kong Baptist University
摘要：This study investigates whether Information Technology (IT) reputation, captured by the accumulation of consistent IT capability signals, influences bank loan contracting even though banks have access to inside information. We predict that IT reputation is associated with better loan terms because it lowers credit risk via its impact on default and information risks. Results based on 4,218 loan facility-years reveal, as predicted, that firms with a reputation for IT capability tend to have mor...
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作者：Sangster, Alan
作者单位：University of Sussex
摘要：This paper investigates why, in 1494, the Franciscan friar and teacher of mathematics, Luca Pacioli, published an instructional treatise describing the system of double entry bookkeeping. In doing so, it also explores the rhetoric and foundations of double entry through the lens of Pacioli's treatise. Recent findings on Pacioli's life and works, his writings, and the medieval accounting archives are combined to identify how he was inspired by his faith and his humanist beliefs to give all merc...
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作者：Guggenmos, Ryan D.; Piercey, M. David; Agoglia, Christopher P.
作者单位：Cornell University; University of Massachusetts System; University of Massachusetts Amherst
摘要：Contrast analysis has become prevalent in experimental accounting research since Buckless and Ravenscroft (1990) introduced it to the accounting literature over 25 years ago. Since its initial introduction, the scope of contrast testing has expanded, yet guidance as to the most appropriate methods of specifying, conducting, interpreting, and exhibiting these tests has not. We survey the use of contrast analysis in the recent literature and propose a three-part testing approach that provides a ...
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作者：Jung, Michael J.; Naughton, James P.; Tahoun, Ahmed; Wang, Clare
作者单位：New York University; Northwestern University; University of London; London Business School; University of Iowa
摘要：We examine whether firms use social media to strategically disseminate financial information. Analyzing S&P 1500 firms' use of Twitter to disseminate quarterly earnings announcements, we find that firms are less likely to disseminate when the news is bad and when the magnitude of the bad news is worse, consistent with strategic behavior. Furthermore, firms tend to send fewer earnings announcement tweets and rehash'' tweets when the news is bad. Cross-sectional analyses suggest that incentives ...
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作者：Hopland, Arnt O.; Lisowsky, Petro; Mardan, Mohammed; Schindler, Dirk
作者单位：Norwegian School of Economics (NHH); University of Illinois System; University of Illinois Urbana-Champaign; Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：This study examines the flexibility of multinational firms to adjust their income-shifting strategies-whether using transfer pricing or internal debt-during the tax year to react to affiliates' operating losses. We develop the concept that under flexibility, multinationals can adjust their inter-affiliate payments ex post (i.e., after financial outcomes are revealed, but before the end of the tax year) to minimize worldwide tax payments. Without flexibility, multinationals must commit to their...
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作者：Saavedra, Daniel
作者单位：University of California System; University of California Los Angeles
摘要：I investigate whether and how syndicate size influences the type of covenants used in debt contracts. Prior theory and evidence suggest renegotiation considerations from coordination difficulties in large syndicates and intertemporal transfers due to relationship lending in small syndicates are factors in the design of covenants. I find that for large syndicates, borrowers and lenders avoid the use of flexibility-reducing covenants that are more likely to impact negatively on value-enhancing c...
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作者：Williams, Braden M.
作者单位：University of Texas System; University of Texas Austin
摘要：This paper examines if, when, and to what extent multinational tax incentives incrementally explain where firms move offshored U.S. jobs. Using jobs data from a Department of Labor program called Trade Adjustment Assistance, I find a significant association between tax incentives and both the likelihood that a foreign country hosts offshored U.S. jobs and the number of U.S. jobs it hosts. This association is stronger when managers have discretion to coordinate cross-border transactions interna...
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作者：Lo, Kin; Wu, Serena Shuo
作者单位：University of British Columbia; Queens University - Canada
摘要：We examine the impact of Seasonal Affective Disorder (SAD) on financial analysts. We hypothesize and find that analysts are more pessimistic, less precise, and more asymmetric in their boldness in the fall, as indicated by their forecasts of quarterly earnings. The effects are apparent in all forecast horizons analyzed and robust across multiple specifications. Importantly, pessimism in fall forecast revisions shows analyst-specific persistence, providing a strong indication that the effect is...
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作者：Cen, Ling; Chen, Feng; Hou, Yu; Richardson, Gordon D.
作者单位：University of Toronto; Chinese University of Hong Kong; Queens University - Canada
摘要：In the presence of litigation-facing suppliers, the supply chain relationship is at risk. Suppliers with principal customers (dependent suppliers) have a higher concentration of sales to customers, and they are more at risk relative to suppliers without principal customers (non-dependent suppliers). As a result, we predict and find that litigation disclosure patterns differ for the two supplier types: dependent suppliers are more likely to delay bad news and accelerate good news related to lit...
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作者：Tan, Hun-Tong; Yu, Yao
作者单位：Nanyang Technological University; University of Massachusetts System; University of Massachusetts Amherst
摘要：The triangle model of responsibility (Schlenker, Britt, Pennington, Murphy, and Doherty 1994) predicts that the extent that investors hold management responsible for an adverse event is jointly determined by the links among three elements-management, the adverse event, and the relevant accounting regulations/standards or public norms. Applying this theory, we conduct experiments to examine how the locus of breach (external versus internal) moderates the efficacy of management's responsibility ...
