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作者：Ioannou, Ioannis; Li, Shelley Xin; Serafeim, George
作者单位：University of London; London Business School; Harvard University
摘要：Targets are an integral component of management control systems and play a significant role in achieving desirable performance outcomes. We focus on a key environmental performance objective-reduction of carbon emissions-as a setting in which to examine how target difficulty affects the degree of target completion in long-term non-financial performance. We use a novel dataset compiled by the Carbon Disclosure Project (CDP) and find that firms setting more difficult targets complete a higher pe...
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作者：Li, Xi; Yang, Holly I.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Singapore Management University
摘要：This study examines the effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on voluntary disclosure. Using a difference-in-differences analysis, we document a significant increase in the likelihood and frequency of management earnings forecasts following mandatory IFRS adoption, consistent with the notion that IFRS adoption alters firms' disclosure incentives in response to increased capital-market demand. We find the increase to be larger among firms domicil...
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作者：Majors, Tracie M.
作者单位：University of Southern California
摘要：I conduct an interactive experiment with participants in manager-and investor-like roles to examine whether and how mandating range disclosures for uncertain estimates will influence managers' reporting decisions. I find that managers report less aggressively when ranges are disclosed, such that investors have little aggressive reporting to identify using range disclosures. However, consistent with psychology theory, range disclosures have the greatest effect on managers with stronger levels o...
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作者：DeFond, Mark L.
作者单位：University of Southern California
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作者：Brochet, Francois; Naranjo, Patricia; Yu, Gwen
作者单位：Boston University; Rice University; Harvard University
摘要：We examine how language barriers affect the capital market reaction to information disclosures. Using transcripts from non-U.S. firms' English-language conference calls, we find that the calls of firms in countries with greater language barriers are more likely to contain non-plain English and erroneous expressions. For non-U.S. firms that hire an English-speaking manager, we find less use of non-plain English and fewer erroneous expressions. Calls with a greater use of non-plain English and m...
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作者：Irvine, Paul J.; Park, Shawn Saeyeul; Yildizhan, Celim
作者单位：Texas Christian University; University System of Georgia; University of Georgia
摘要：Using a recently expanded dataset on supplier-customer links, we introduce a dynamic relationship life-cycle hypothesis. We hypothesize that the relation between customer-base concentration and profitability is significantly negative in the early years of the relationship, but becomes positive as the relationship matures. The key driver of this dynamic is the customer-specific investments that the relationship entails. These investments result in larger fixed costs, greater operating leverage,...
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作者：Sangster, Alan
作者单位：Griffith University
摘要：The emergence of double entry bookkeeping marked the shift in bookkeeping from a mechanical task to a skilled craft, and represented the beginnings of the accounting profession. This study seeks to identify what caused this significant change in bookkeeping practice. I do so by adopting a new accounting history perspective to investigate the circumstances surrounding the emergence of double entry in early 13th century Italy. Contrary to previous findings, this paper concludes that the most lik...
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作者：Lennox, Clive S.
作者单位：University of Southern California
摘要：In 2005-2006, the PCAOB imposed restrictions on auditors' tax services in order to strengthen auditor independence and improve audit quality. The restrictions resulted in a significant drop in auditor-provided tax services (APTS). To test the impact on audit quality, I partition the sample into a treatment group (companies whose APTS purchases dropped significantly when the restrictions were introduced) and a control group (companies whose APTS purchases were relatively unaffected) and I measu...
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作者：Dye, Ronald A.; Sridhar, Sri S.
作者单位：Northwestern University
摘要：Allowing CEOs to hedge the risk in the compensation contracts their firms give them has been controversial because such hedging allows the executives to undo some of the incentive effects of those contracts; it also results in a divergence between the compensation firms pay their senior executives and the compensation those executives effectively receive. We analyze these personal hedging activities of CEOs and identify when firms may gain or lose by allowing or prohibiting such hedging. We al...
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作者：Guo, Jun; Huang, Pinghsun; Zhang, Yan; Zhou, Nan
作者单位：Rutgers University System; Rutgers University Camden; Rutgers University New Brunswick; National Cheng Kung University; State University of New York (SUNY) System; Binghamton University, SUNY
摘要：This study investigates the role of employment policies in reducing internal control ineffectiveness and financial restatements. We provide new evidence that employee treatment policies are an important predictor of ineffective internal control. We also find that employee-friendly policies significantly reduce the propensity for employee-related material weaknesses. These results suggest that greater employee benefits facilitate the acquisition, development, and motivation of the workforce and...
