The Accounting Review最新文献_第5页

January 2024 Placement ADS 2024 年 1 月配售美国存托凭证

The Accounting Review Pub Date : 2023-12-11 DOI: 10.2308/0001-4826-99.1.b

引用次数: 0

Powerful Politicians, Political Costs, and Income Smoothing 强势政客、政治成本和收入平滑

The Accounting Review Pub Date : 2023-12-01 DOI: 10.2308/tar-2017-0481

Sumi Jung

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The Brand Value of Earnings: An Event Study of Consumer Responses to Earnings Announcements 收益的品牌价值：消费者对收益公告反应的事件研究

The Accounting Review Pub Date : 2023-12-01 DOI: 10.2308/tar-2022-0043

Michael D. Kimbrough, Neeru Paharia, X. Wang, Sijing Wei

{"title":"The Brand Value of Earnings: An Event Study of Consumer Responses to Earnings Announcements","authors":"Michael D. Kimbrough, Neeru Paharia, X. Wang, Sijing Wei","doi":"10.2308/tar-2022-0043","DOIUrl":"https://doi.org/10.2308/tar-2022-0043","url":null,"abstract":"\u0000 We provide evidence from the first short-window event study of consumers’ perceptual responses to earnings announcements using daily consumer perception data. We document a positive association between the change in consumers’ overall perceptions of a brand at the time of the earnings announcement and the earnings surprise—that is, a positive consumer earnings response coefficient (CERC). CERC is larger when there is greater traditional news or social media activity, indicating that news dissemination is an important channel for consumers to respond to earnings news. Moreover, CERC varies based on brand and consumer characteristics. Changes in consumer perceptions at the time of the earnings announcement are positively associated with changes in purchase consideration and intent and with changes in realized future sales growth. To maximize identification, we document a positive and statistically significant CERC in a controlled experiment. Our findings demonstrate the importance of earnings to an important stakeholder.\u0000 Data Availability: Data are available from the sources cited in the text.\u0000 JEL Classifications: M31; M41; G14.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"293 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139021742","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: 1

Operating Leverage and Stock Returns under Different Aggregate Funding Conditions 不同资金总量条件下的运营杠杆和股票回报率

The Accounting Review Pub Date : 2023-12-01 DOI: 10.2308/tar-2022-0051

Luis García‐Feijóo, Tyler K. Jensen, Paul D. Koch

引用次数: 0

Board Gender Diversity and Investment Efficiency: Global Evidence from 83 Country-Level Interventions 董事会性别多样性与投资效率：来自 83 个国家级干预措施的全球证据

The Accounting Review Pub Date : 2023-12-01 DOI: 10.2308/tar-2022-0251

Dave Baik, Clara Xiaoling Chen, David Godsell

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Corporate Political Activism and Information Transfers 企业政治行动主义与信息传递

The Accounting Review Pub Date : 2023-11-01 DOI: 10.2308/tar-2021-0254

Dane M. Christensen, Hengda Jin, Joshua A. Lee, Suhas A. Sridharan, Laura A. Wellman

{"title":"Corporate Political Activism and Information Transfers","authors":"Dane M. Christensen, Hengda Jin, Joshua A. Lee, Suhas A. Sridharan, Laura A. Wellman","doi":"10.2308/tar-2021-0254","DOIUrl":"https://doi.org/10.2308/tar-2021-0254","url":null,"abstract":"ABSTRACT Prior research suggests that (1) politically active firms have an information advantage over firms that do not engage in the political process but also that (2) politically active firms are more likely to disclose policy-related information. We examine whether there are externalities associated with the processing of political information by politically active firms. We study this question in the setting of intraindustry information transfers around earnings announcements. Measuring firms’ political activism using campaign contributions, we find stronger intraindustry information transfers from politically active firms to their industry peers. These information transfers are stronger when there is more discussion during conference calls of political topics that have industry- or market-wide implications. Similarly, these information transfers are also stronger when there is greater political uncertainty. Our paper highlights an important information externality related to politically active firms’ disclosures and improves our understanding of how politically active firms affect their industries’ information environment. Data Availability: The data used in this study are publicly available from the sources cited in the text. JEL Classifications: D72; M41; M48.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"46 1-2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135714901","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

How Trial Preparation Factors Influence Audit Litigation Outcomes: Insights from Audit Litigators 审前准备因素如何影响审计诉讼结果:来自审计诉讼人的见解

The Accounting Review Pub Date : 2023-11-01 DOI: 10.2308/tar-2021-0305

Eldar Maksymov, Mark E. Peecher, Jeffrey Pickerd, Yuepin Zhou

引用次数: 0

Do Audit Committees and Auditors Coordinate Effort? Evidence from Risk Areas, Materiality and Meetings 审计委员会和审计师会协调工作吗？来自风险领域、重要性和会议的证据

The Accounting Review Pub Date : 2023-11-01 DOI: 10.2308/tar-2020-0441

G. Livne, Maria Tsipouridou, Anthony Wood

{"title":"Do Audit Committees and Auditors Coordinate Effort? Evidence from Risk Areas, Materiality and Meetings","authors":"G. Livne, Maria Tsipouridou, Anthony Wood","doi":"10.2308/tar-2020-0441","DOIUrl":"https://doi.org/10.2308/tar-2020-0441","url":null,"abstract":"We provide evidence on effort coordination and information sharing between audit committees and external auditors. We use four effort measures: the risk areas reported by both the auditor and committee, auditor-reported materiality, and committee meetings. We find that the number of risks reported by the auditor (committee) is positively related to the number of risks reported by the committee (auditor) and that lower materiality is associated with more risks that the committee discloses. The evidence also suggests that although risk areas are “sticky,” the committee identifies new risks faster, whereas the auditor focuses on shared risks. Next, our analysis indicates that audit process standardization influences reporting quality in a nonlinear manner. Finally, although audit fees tend to rise with auditor effort, they are unrelated to the committee’s effort. Our findings endorse the service perspective on auditing by emphasizing the collaborative nature of the audit process over individual actors’ self-interests. Data Availability: Data are available from public sources cited in the text. JEL Classifications: M41; M42; G38.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"223 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139305122","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

The Decision-Usefulness of ASC 606 Revenue Disaggregation ASC 606 收入分解的决策实用性

The Accounting Review Pub Date : 2023-11-01 DOI: 10.2308/tar-2022-0078

Lisa A. Hinson, Gabriel P. Pündrich, Mark Zakota

{"title":"The Decision-Usefulness of ASC 606 Revenue Disaggregation","authors":"Lisa A. Hinson, Gabriel P. Pündrich, Mark Zakota","doi":"10.2308/tar-2022-0078","DOIUrl":"https://doi.org/10.2308/tar-2022-0078","url":null,"abstract":"The disclosure requirements of ASC 606 significantly expanded the volume and granularity of revenue information. However, because of the significant judgment associated with the standard, it is unclear whether the new disclosures increased the decision-usefulness of financial reports. To shed light on this question, we investigate the revenue disaggregation requirements of ASC 606. These requirements had significant disclosure consequences, illustrated by an over two-fold increase in the median number of revenue items in disaggregating firms’ reports. Consistent with enhanced decision-usefulness, we find higher (lower) analyst sales forecast accuracy (dispersion) for disaggregating firms. These benefits are primarily present when disaggregation is accompanied by detailed qualitative disclosures, when disaggregated revenues are comparable, and when the granularity of segment information is low. Our study contributes to research evaluating ASC 606 and offers valuable insights to standard-setters currently considering broader disaggregation of income statement items (Financial Accounting Standards Board (FASB) 2022). Data Availability: Data are available from the sources identified in the paper. JEL Classifications: G24; G30; G34.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139298613","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

Measuring Portfolio Gains: The Case of Earnings Announcement Trading Signals 衡量投资组合收益：盈利公告交易信号案例

The Accounting Review Pub Date : 2023-11-01 DOI: 10.2308/tar-2022-0174

Matthew R. Lyle, T. Yohn

引用次数: 0