Contemporary Accounting Research最新文献_第9页

How does depletion interact with auditors' skeptical dispositions to affect auditors' challenging of managers in negotiations? 损耗如何与审计师的怀疑倾向相互作用，从而影响审计师在谈判中对管理者的挑战?

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-08-01 DOI: 10.1111/1911-3846.12891

Lori Shefchik Bhaskar, Tracie M. Majors, Adam Vitalis

{"title":"How does depletion interact with auditors' skeptical dispositions to affect auditors' challenging of managers in negotiations?","authors":"Lori Shefchik Bhaskar, Tracie M. Majors, Adam Vitalis","doi":"10.1111/1911-3846.12891","DOIUrl":"10.1111/1911-3846.12891","url":null,"abstract":"We use multiple methods to examine how depletion and auditors' skeptical dispositions interact to affect auditors' challenging of managers in negotiations over financial statement amounts. We expect auditors are likely depleted from effortfully exercising self-regulation during the busy times when these negotiations occur. Individuals in a depleted state tilt toward natural, less effortful behaviors. Thus, we posit that the effects of depletion will diverge depending on the auditor's skeptical disposition—a determinant of how natural or effortful they will find the skeptical behaviors (e.g., challenging) versus client service behaviors (e.g., maintaining the client relationship and audit efficiency) required for negotiations. We predict that client service auditors (i.e., low skeptics) will challenge managers less in negotiations when depleted versus non-depleted, while high skeptic auditors will challenge more when depleted. We test this interactive prediction in an abstract experiment where we manipulate depletion and measure auditors' skeptical dispositions using trait skepticism. Findings support our predictions. We also develop a new measure of auditors' client service–skeptic disposition based on the skepticism literature that adds nuance to the traditional lower versus higher skeptic labels. In a second study, interviews with audit partners validate the realism of our depletion and client service–skeptic constructs and corroborate our experimental findings. Our study sheds light on depletion effects in auditors' negotiations with their clients and how the effects differ based on auditor personalities.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12891","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42891697","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

Navigating knowledge and ignorance in the boardroom: A study of audit committee members' oversight styles 在董事会中驾驭知识和无知:审计委员会成员监督风格的研究

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-07-25 DOI: 10.1111/1911-3846.12890

Oriane Couchoux

{"title":"Navigating knowledge and ignorance in the boardroom: A study of audit committee members' oversight styles","authors":"Oriane Couchoux","doi":"10.1111/1911-3846.12890","DOIUrl":"10.1111/1911-3846.12890","url":null,"abstract":"Using data collected from 21 interviews with audit committee members (ACMs) of Canadian reporting issuers, this study examines the ways in which ACMs understand and enact the additional responsibilities placed on them by regulators in the post–Sarbanes-Oxley Act era. Adopting a social constructivist approach to knowledge and expertise, the study shows that despite the financial literacy requirements for ACMs, financial expertise is far from being uniformly understood by ACMs. Indeed, ACMs perceive expertise in many different ways, which leads them to engage in a wide variety of practices to fulfill their responsibilities on audit committees (ACs). The analysis of the data makes it possible to identify three oversight styles—observing, inspecting, and storytelling—that illustrate the differences in how ACMs understand their role, prepare for AC meetings, invest time in this preparation, and develop lines of questioning. These findings provide empirical insights into both the substantive and symbolic roles of ACs and illustrate the role of knowledge and ignorance in shaping ACMs' understanding of their oversight role. This study also raises questions about the soundness of having ACs oversee multiple different processes. By highlighting that ACMs do not comprehend and enact their role uniformly, this study reveals the important nuances in ACMs' oversight approaches.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12890","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48951067","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

Mutual funds' reporting frequency and firms' responses to undervaluation: The role of share repurchases 共同基金的报告频率和公司对低估值的反应：股票回购的作用†

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-07-16 DOI: 10.1111/1911-3846.12887

Thomas Bourveau, Xinlei Li, Daniele Macciocchi, Chengzhu Sun

引用次数: 0

Machine learning and the prediction of changes in profitability 机器学习和盈利能力变化的预测

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-07-10 DOI: 10.1111/1911-3846.12888

Stewart Jones, William J. Moser, Matthew M. Wieland

{"title":"Machine learning and the prediction of changes in profitability","authors":"Stewart Jones, William J. Moser, Matthew M. Wieland","doi":"10.1111/1911-3846.12888","DOIUrl":"10.1111/1911-3846.12888","url":null,"abstract":"This study uses machine-learning methods to predict next-period change in profitability based on a model proposed by Penman and Zhang (2004, Working paper, Columbia University and University of California, Berkeley; “PZ”). We find that new machine-learning methods predict out of sample substantially better than traditional regression methods and provide richer interpretations about the role and impact of different predictor variables through their nonlinear relationships and interaction effects. For example, our results contrast with previous research by showing that both components of the DuPont decomposition (change in profit margin and change in asset turnover) are informative of next-period changes in profitability. Our results are robust across different performance metrics, alternative machine-learning models, and software. Furthermore, an unconstrained machine-learning model using a larger feature space could not significantly improve the performance of the PZ model. PZ variables alone accounted for most of the explanatory power of the unconstrained model, suggesting the PZ model is both well specified (in terms of feature selection) and robust in higher dimensional settings. With respect to the economic significance of this information, we find mixed results. The market appears to adjust its expectations more in line with the machine-learning predictions relative to the PZ model but the portfolio returns are not significantly different.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12888","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42018046","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

Asymmetric adjustment of control 不对称控制调节

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-07-10 DOI: 10.1111/1911-3846.12886

Victor van Pelt

引用次数: 0

Financial statement similarity 财务报表相似度

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-07-10 DOI: 10.1111/1911-3846.12885

Stephen V. Brown, Guang Ma, Jennifer Wu Tucker

引用次数: 1

The deterrent effect of the SEC Whistleblower Program on financial reporting securities violations 美国证券交易委员会举报计划对财务报告证券违法行为的威慑作用

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-06-26 DOI: 10.1111/1911-3846.12884

Christine Wiedman, Chunmei Zhu

{"title":"The deterrent effect of the SEC Whistleblower Program on financial reporting securities violations","authors":"Christine Wiedman, Chunmei Zhu","doi":"10.1111/1911-3846.12884","DOIUrl":"10.1111/1911-3846.12884","url":null,"abstract":"The stated goal of the SEC Whistleblower Program introduced as part of the Dodd-Frank Act was to deter securities violations and thereby to strengthen investor protection. We document significant reductions in the likelihood of financial reporting fraud by US firms following the introduction of this program. The reductions are robust to controlling for other regulatory changes in the Dodd-Frank Act and economic trends. Given that employees of firms with weaker internal compliance and reporting programs are more likely to report irregularities directly to the SEC rather than internally, we predict and find that these firms are more likely to change their reporting behavior. We also show that the observed reductions are attributable to an improvement in internal whistleblower programs and the hiring of more capable audit committee members after the program's inception. Collectively, these findings provide important large-sample evidence of significant benefits of the SEC Whistleblower Program for deterring financial reporting fraud and of the efficacy of bounty-type whistleblower programs.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12884","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41396451","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

The implications of firms' derivative usage on the frequency and usefulness of management earnings forecasts 公司使用衍生工具对管理层盈余预测频率和有用性的影响

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-06-19 DOI: 10.1111/1911-3846.12883

John L. Campbell, Sean Shun Cao, Hye Sun Chang, Raluca Chiorean

{"title":"The implications of firms' derivative usage on the frequency and usefulness of management earnings forecasts","authors":"John L. Campbell, Sean Shun Cao, Hye Sun Chang, Raluca Chiorean","doi":"10.1111/1911-3846.12883","DOIUrl":"10.1111/1911-3846.12883","url":null,"abstract":"We investigate how firms' use of derivatives impacts voluntary disclosure and offer four main findings. First, we find that when firms begin using derivative instruments, they increase the frequency of management earnings forecasts. Second, using path analysis, we find a direct link between derivative usage and forecast frequency, as well as an indirect link through reduced earnings volatility. Third, we find that CEOs with more pronounced career concerns increase forecast frequency only when derivatives make earnings easier to forecast and find no evidence that investor demand drives the decision to provide a forecast. These results suggest that the primary mechanism for the association between derivative usage and forecast frequency is a reduction in the manager's costs of providing the forecasts. Finally, we find that the majority of derivative-induced forecasts are uninformative to capital market participants, especially after FAS 161 provided the necessary underlying data to understand how firms use derivatives. Overall, we provide the first empirical evidence that firms that use derivatives issue more management forecasts, but we also find that these incremental forecasts are largely uninformative and appear driven by managerial career concerns.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12883","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46189289","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: 2

Economic consequences of announcing strategic alternatives: A voluntary disclosure's benefits and costs 宣布战略替代方案的经济后果：自愿披露的收益和成本

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-06-10 DOI: 10.1111/1911-3846.12880

Jenny Zha Giedt

引用次数: 0

Does gender and ethnic diversity among audit partners influence office-level audit personnel retention and audit quality? 审计伙伴之间的性别和种族多样性是否会影响办公室一级审计人员的留任和审计质量？

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2023-06-10 DOI: 10.1111/1911-3846.12882

Eric R. Condie, Ling Lei Lisic, Timothy A. Seidel, Jonathan Michael Truelson, Aleksandra B. Zimmerman

{"title":"Does gender and ethnic diversity among audit partners influence office-level audit personnel retention and audit quality?","authors":"Eric R. Condie, Ling Lei Lisic, Timothy A. Seidel, Jonathan Michael Truelson, Aleksandra B. Zimmerman","doi":"10.1111/1911-3846.12882","DOIUrl":"10.1111/1911-3846.12882","url":null,"abstract":"Motivated by prior literature on organizational identification and 23 semistructured interviews with a variety of US audit partners and directors, we examine whether the gender and ethnic diversity of an office's audit partners influences the retention of the office's audit professionals and the quality of the audits conducted by the office. Using hand-collected data on US audit partners, we find that greater levels of (or changes in) diversity in office audit partners' gender and ethnicity are associated with lower (reduced) turnover among office audit professionals and higher (increased) office-level audit quality. We conduct a path analysis based on the most common mechanisms highlighted in our interviews to provide further insight into the audit quality results. The results indicate partial mediation through increased retention, greater gender and ethnic diversity among office audit personnel, client continuity, and increased efficiency. Further tests reveal that the association with audit quality is incremental to, and distinct from, the effect of individual engagement partner characteristics and does not reflect client screening. The findings underscore the importance of gender and ethnic diversity among office audit partners to organizational outcomes and provide important practical implications for audit firms.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43969812","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