Contemporary Accounting Research最新文献_第10页

Peer effects in subjective performance evaluation 主观绩效评价中的同伴效应

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-05-21 DOI: 10.1111/1911-3846.12876

Gavin Cassar, Taeho Ko

引用次数: 0

CEO career concerns in early tenure and corporate social responsibility reporting CEO早期任职的职业关注和企业社会责任报告

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-05-16 DOI: 10.1111/1911-3846.12874

Long Chen, Chih-Hsien Liao, Albert Tsang, Li Yu

引用次数: 0

Throwing in the towel: What happens when analysts' recommendations go wrong? 认输：当分析师的建议出错时会发生什么？

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-05-12 DOI: 10.1111/1911-3846.12875

Kenneth Lee, Mark Aleksanyan, Elaine Harris, Melina Manochin

{"title":"Throwing in the towel: What happens when analysts' recommendations go wrong?","authors":"Kenneth Lee, Mark Aleksanyan, Elaine Harris, Melina Manochin","doi":"10.1111/1911-3846.12875","DOIUrl":"10.1111/1911-3846.12875","url":null,"abstract":"Every analyst will experience stock recommendation failures during their career. Unlike many other professions, these pivotal moments occur in the full glare of clients, colleagues, equity-sales teams, and the media. This research explores the practices of analysts up to and beyond the point where, faced with a failing recommendation, they contemplate “throwing in the towel” on their recommendation. Based on empirical evidence gathered from interviews with sell-side analysts and their key interlocutors—equity-sales specialists, investors, and investor relations officers—this paper uncovers several new empirical insights into the recommendation practices of analysts. The main argument made in the paper is that capitulation practices emerge from the specific contextual framework of individual recommendations and the analyst's conduct as a knowledgeable, emotional human agent. We identify several contextual contingencies of stock recommendations that underpin how a capitulation episode unfolds, including the temporal proximity of the capitulation to the original recommendation; the importance and profile of the stock to the analyst's reputation (“franchise intensity”); the level of interest/reaction from clients, equity-sales teams and corporates; the nature/cause of recommendation failure; and recommendation boldness. Our study provides evidence that what an analyst does when faced with a failing recommendation cannot be reduced to a predictable, rational process and informs our understanding of observed practices such as the reluctance of analysts to capitulate and why “recommendation paralysis” often follows a recommendation capitulation.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12875","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49552812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Enterprise system implementation and cash flow volatility 企业系统实施与现金流波动

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-05-09 DOI: 10.1111/1911-3846.12872

Alfred Z. Liu, Morton Pincus, Sean Xin Xu

引用次数: 0

Managerial performance evaluation and organizational form 管理绩效评估和组织形式

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-05-09 DOI: 10.1111/1911-3846.12873

Michael Krapp, Wolfgang Schultze, Andreas Weiler

引用次数: 0

Technological peer pressure and skill specificity of job postings 技术同行压力与职位的技能特异性

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-05-02 DOI: 10.1111/1911-3846.12870

Yi Cao, Shijun Cheng, Jennifer Wu Tucker, Chi Wan

{"title":"Technological peer pressure and skill specificity of job postings","authors":"Yi Cao, Shijun Cheng, Jennifer Wu Tucker, Chi Wan","doi":"10.1111/1911-3846.12870","DOIUrl":"10.1111/1911-3846.12870","url":null,"abstract":"Human capital is a major impetus for technological innovation. We examine the relation between the technological dimension of product market competition and the disclosure of skill requirements in job postings. On the one hand, technological competition may raise the urgency of recruiting tech talent and make firms provide more specific skill requirements. On the other hand, technological competition can increase the proprietary costs of skill requirement disclosure. Using technological peer pressure as a measure of technological competition, we find that firms facing intense technological competition provide more specific skill requirements for tech positions, suggesting that the disclosure benefits outweigh the proprietary costs when firms face pressure to innovate. The effect of technological peer pressure is more pronounced among firms that make only incremental innovations and less pronounced among firms that rely on trade secrets or have greater industry peer presence in close geographical proximity. Our study documents a distinct relationship between technological competition and voluntary disclosure targeted to labor market participants.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48637764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The impact of intrafirm incentive conflicts on the interplay between tax incidence and economic efficiency 企业内部激励冲突对税收与经济效率相互作用的影响

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-05-02 DOI: 10.1111/1911-3846.12871

Qintao Fan, Nicole Bastian Johnson, Thomas Pfeiffer

{"title":"The impact of intrafirm incentive conflicts on the interplay between tax incidence and economic efficiency","authors":"Qintao Fan, Nicole Bastian Johnson, Thomas Pfeiffer","doi":"10.1111/1911-3846.12871","DOIUrl":"10.1111/1911-3846.12871","url":null,"abstract":"We study how corporate taxation interacts with intrafirm incentive conflicts between shareholders and managers and how this interaction impacts the firm's economic decisions and outcomes. In our model, investment under asymmetric information facilitates entrenchment and rent extraction by the privately informed manager. We show that when the future investment payoff is exogenous, a corporate tax cut increases managerial rents, reduces pre-tax investment profitability, increases the firm's optimal investment hurdle rate, and reduces investment. When the manager can exert upfront project development effort to increase the expected investment payoff, a tax rate reduction not only encourages more effort but also leads the firm to increase the investment hurdle rate to curtail rents. In equilibrium, a lower tax rate always benefits the manager, but the sensitivity of the project's return to the manager's effort determines whether the firm will increase or decrease investment in response to a tax cut, and whether the firm's resulting pre-tax profit will increase or decrease. Overall, our study shows that intrafirm incentive conflicts can be an important factor in the interplay between tax incidence and economic efficiency, two central themes in corporate tax policy debates.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12871","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135492962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does greater access to employees with information technology capability improve financial reporting quality? 更多地接触具有信息技术能力的员工是否会提高财务报告质量？

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-04-13 DOI: 10.1111/1911-3846.12869

John L. Abernathy, Jan (J.) Philipp Klaus, Linh Le, Adi Masli

引用次数: 1

The interactive effect of organizational identification and reward type on reward valuation 组织认同与报酬类型对报酬评价的交互作用

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-04-10 DOI: 10.1111/1911-3846.12868

Khim Kelly, Weiming Liu, Adam Presslee

{"title":"The interactive effect of organizational identification and reward type on reward valuation","authors":"Khim Kelly, Weiming Liu, Adam Presslee","doi":"10.1111/1911-3846.12868","DOIUrl":"10.1111/1911-3846.12868","url":null,"abstract":"Recent management trends highlight two techniques firms use to motivate employee effort: (1) fostering employees' organizational identification (OI) and (2) offering employees tangible rewards such as gift cards instead of cash rewards. We use three studies to examine how OI affects employees' reward valuation and how such effects differ depending on the reward type. Study 1 is an experiment, demonstrating that increasing OI increases the emphasis participants place on a reward's symbolic value, which then increases the total value of the reward—to a larger extent when the reward is tangible than when it is cash. Study 2 is an experiment, providing evidence that Study 1 results are robust to using a tangible reward that is not socially consumed, that is selected either by the firm or by the employee, and that is either a good or poor fit with the employee's personal preference. Finally, Study 3 is a survey, asking respondents about actual rewards they received from their current employer and capturing their actual OI with their current employer. Results in Study 3 are inferentially similar to those in Study 1 and Study 2, albeit stronger for rewards of smaller monetary value. Collectively, these results highlight the particular benefit of strong OI on how employees value tangible rewards relative to cash rewards, which should be of interest to incentive system designers.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45580240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Eliciting deliberative and implemental mindsets in audit planning 在审计策划中培养审慎和执行的心态

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-04-05 DOI: 10.1111/1911-3846.12867

Brett A. Rixom, David Plumlee

{"title":"Eliciting deliberative and implemental mindsets in audit planning","authors":"Brett A. Rixom, David Plumlee","doi":"10.1111/1911-3846.12867","DOIUrl":"10.1111/1911-3846.12867","url":null,"abstract":"There is concern that rather than critically deliberating specific circumstances, auditors focus on selecting and documenting defensible audit positions. Currently, subordinate auditors perform tasks mindful that they will be accountable for their work both inside (e.g., partners) and outside (e.g., PCAOB) the firm and adopt “implementation intentions” based on previous review experiences to guide their performance. In the context of fraud-detection planning, we consider an alternative approach in which subordinate auditors work under contingent reward agreements under which they will be compensated for effective fraud-detection plans. Lacking an anticipated course of action, they invoke a “deliberative mindset” in order to create a task strategy. In an experiment, auditors completed a fraud-detection planning task under contingent rewards, accountability, or anonymity. We find that auditors operating under contingent rewards used deliberative mindsets. They were better able to identify potential fraud, select more effective procedures, and plan more hours for effective procedures. Auditors under accountability completed the planning task based on implementation intentions. They focused on broadly increasing audit hours across procedures, including allocating significantly more hours to less effective procedures. Mediation analysis shows that improved planning performance resulted from the use of deliberative mindsets and not implementation intentions.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45896802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0