Financial Accounting eJournal最新文献_第3页

FASB Disclosure and Bank Loan Contracting: Evidence from Derivative and Hedging Footnotes FASB披露与银行贷款合同:来自衍生品和套期保值的证据

Financial Accounting eJournal Pub Date : 2021-07-03 DOI: 10.2139/ssrn.3879459

Yi Chen, Qing Zhou, Jianlei Han

引用次数: 0

Insights from Company Experts in Valuing Complex Estimates 公司专家对评估复杂评估的见解

Financial Accounting eJournal Pub Date : 2021-06-30 DOI: 10.2139/ssrn.3756967

A. Eilifsen, K. Kjellevold, William F. Messier, Jr.

{"title":"Insights from Company Experts in Valuing Complex Estimates","authors":"A. Eilifsen, K. Kjellevold, William F. Messier, Jr.","doi":"10.2139/ssrn.3756967","DOIUrl":"https://doi.org/10.2139/ssrn.3756967","url":null,"abstract":"This study examines how company experts and their interactions with management and the auditor affect the fair value measurement (FVM) process. We conduct detailed interviews with 19 Norwegian company experts who possess expertise in financial instruments, investment property, oil & gas reserves, and shipping and 8 audit partners with extensive valuation experience to investigate theoretical predictions derived from agency theory and the monitoring role of company experts. Overall, the results support our predictions. Company experts: (1) have incentives to build and maintain their reputation, (2) face management pressure, and management uses several tactics (i.e., reappointment and multiple company experts) to influence their FVM, (3) are aware that providing multiple services (e.g., brokerage and trading) can affect their FVM but believe that there are adequate safeguards in place, and (4) differ by type of expert in allowing auditor access to their models and data. We also find variation by type of company experts' interaction with the audit team and their perceptions of the audit teams’ narrow focus on individual model assumptions. These findings inform researchers, regulators, and practitioners about the role company experts play in the FVM process.","PeriodicalId":12319,"journal":{"name":"Financial Accounting eJournal","volume":"102 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80583188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Wearing Out the Watchdog: The Impact of SEC Case Backlog on the Formal Investigation Process 耗尽监管机构:SEC案件积压对正式调查过程的影响

Financial Accounting eJournal Pub Date : 2021-06-29 DOI: 10.2139/ssrn.3912645

S. Bonsall, Eric R. Holzman, B. Miller

引用次数: 4

Uncovering the Iceberg from Its Tip: A Model of Publication Bias and p-Hacking 从冰山一角揭开冰山:出版偏见和p黑客模型

Financial Accounting eJournal Pub Date : 2021-06-29 DOI: 10.2139/ssrn.3865813

Campbell R. Harvey, Yan Liu

引用次数: 8

Semplificare le valutazioni delle Piccole e Medie Imprese secondo i Principi Italiani di Valutazione (Simplify the Valuation of Small and Medium Enterprises according to the Italian Valuation Standards) 根据意大利的评估原则简化对中小企业的评估(简化对意大利评估标准的中小企业评估)

Financial Accounting eJournal Pub Date : 2021-06-26 DOI: 10.2139/ssrn.3874453

F. Bavagnoli

{"title":"Semplificare le valutazioni delle Piccole e Medie Imprese secondo i Principi Italiani di Valutazione (Simplify the Valuation of Small and Medium Enterprises according to the Italian Valuation Standards)","authors":"F. Bavagnoli","doi":"10.2139/ssrn.3874453","DOIUrl":"https://doi.org/10.2139/ssrn.3874453","url":null,"abstract":"Italian Abstract: Lo studio si propone di semplificare le valutazioni a fini di garanzia societaria conformi ai PIV delle PMI, che sovente non hanno la capacità di produrre informazioni analitiche sulle proprie performance e non trovano riferimenti di mercato accessibili per la stima dei tassi e dei multipli di mercato. Le soluzioni proposte riguardano: la scelta come metodologia elettiva del Discounted Economic Profit, la considerazione di un intangibile di tipo tecnologico organizzativo o commerciale da assoggettare a verifica reddituale per le imprese in crisi, la determinazione del costo del capitale con il beta qualitativo e la comunicazione e discussione delle stime tramite i multipli. English Abstract: The study aims to simplify the legal valuations (compliant with the Italian Valuation Standards, PIV) of SMEs, which often do not have the ability to produce analytical information on their performance and for which it is hard to find accessible references for estimating discount rates and market multiples. The main ideas brought forward in the study are: the choice of the Discounted Economic Profit as the preferred methodology, the consideration of an intangible of organizational / technological or commercial nature to be tested for impairment for companies in crisis, the determination of the cost of capital with the qualitative beta and the communication and discussion of value estimates using market multiples as an aiding tool.","PeriodicalId":12319,"journal":{"name":"Financial Accounting eJournal","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87519745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Whistleblowing Bounties and Informational Effects 举报赏金和信息效应

Financial Accounting eJournal Pub Date : 2021-06-24 DOI: 10.2139/ssrn.3873117

Lin Nan, Chao Tang, Gaoqing Zhang

引用次数: 0

Company Visit Disclosure Regulation and Analysts’ Information Acquisition 公司拜访披露制度与分析师信息获取

Financial Accounting eJournal Pub Date : 2021-06-18 DOI: 10.2139/ssrn.3870279

B. Ke, Dongmin Kong, Shasha Liu

引用次数: 0

Public Information and Capital Flows: Evidence from a Betting Market 公共信息与资本流动:来自博彩市场的证据

Financial Accounting eJournal Pub Date : 2021-06-11 DOI: 10.2139/ssrn.3874155

K. Balakrishnan, Darren Bernard

引用次数: 0

Capital Markets and Short-Termism: Evidence from the Investment Behavior of Public and Private Firms. 资本市场与短期主义:来自公私营企业投资行为的证据。

Financial Accounting eJournal Pub Date : 2021-06-10 DOI: 10.2139/ssrn.3864212

Olga Bogachek, M. Bonacchi, Paul Zarowin

引用次数: 0

The Role of the External Auditor in Managing Environmental, Social, and Governance Reputation Risk 外部审计师在管理环境、社会和治理声誉风险中的作用

Financial Accounting eJournal Pub Date : 2021-06-10 DOI: 10.2139/ssrn.3864175

T. Lambert, Bright Asante-Appiah

{"title":"The Role of the External Auditor in Managing Environmental, Social, and Governance Reputation Risk","authors":"T. Lambert, Bright Asante-Appiah","doi":"10.2139/ssrn.3864175","DOIUrl":"https://doi.org/10.2139/ssrn.3864175","url":null,"abstract":"Companies are under increasing pressure to manage their reputation on environmental, social, and governance (ESG) issues. Auditors are a potential source of ESG risk management expertise and assurance due to a deep understanding of their client’s ESG-related reputation risk (“ESG risk”) and their assurance reporting expertise. However, provision of nonaudit services (NAS) by the external auditor is controversial and public accountants are still defining their role in ESG risk control and reporting. We explore whether auditors effectively help companies manage heightened ESG risk in times of reputation crisis, using abnormal negative ESG-related media coverage as a measure of “tainted reputation”. Findings show a positive association between tainted reputation and NAS, and a positive association between the interaction of tainted reputation and NAS with future firm value. The positive interaction persists when we consider a proxy for other ESG risk management activities in our analyses, and for other measures of ESG risk management effectiveness (future stock returns and future tainted reputation). Subsample analyses indicate results are driven by companies audited by ESG industry specialist auditors, and that the association between NAS and tainted reputation is driven by companies owned by institutional shareholders. Using restatements as a proxy, we find no evidence to suggest that the interaction of NAS and tainted reputation is associated with impaired audit quality. Findings demonstrate an empirical linkage between tainted reputation and NAS, support the importance of managing ESG risk, and suggest auditors effectively help their clients respond to heightened ESG risk.","PeriodicalId":12319,"journal":{"name":"Financial Accounting eJournal","volume":"20 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91405395","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 13