发布求助
文献互助 智能选刊 最新文献

The Accounting Review最新文献

筛选
英文 中文
Do Performance-Contingent Incentives Help or Hinder Divergent Thinking? 绩效激励是帮助还是阻碍发散思维?
The Accounting Review Pub Date : 2023-09-01 DOI: 10.2308/tar-2020-0751
Steven J. Kachelmeier, R. Alan Webb, Michael G. Williamson
{"title":"Do Performance-Contingent Incentives Help or Hinder Divergent Thinking?","authors":"Steven J. Kachelmeier, R. Alan Webb, Michael G. Williamson","doi":"10.2308/tar-2020-0751","DOIUrl":"https://doi.org/10.2308/tar-2020-0751","url":null,"abstract":"ABSTRACT Toward the goal of reconciling conflicting arguments on whether performance-based incentives facilitate or impede divergent thinking, we identify a feature common to prior demonstrations of negative incentive effects: they generally involve tasks with only one correct solution. Our first experiment replicates a negative incentive effect when insight problems require “bottom-up” divergent thinking from an unexpected resource to the problem it is uniquely equipped to solve, whereas our second experiment finds a positive incentive effect in the more general case of problems that enable “top-down” divergent thinking from a problem to multiple potential solutions. We also observe a positive incentive effect in a third experiment that measures the time needed to generate a solution to problems that have multiple potential solutions and in a fourth experiment in which participants design insight problems. Overall, our findings suggest that any harmful effects of performance-based incentives are likely restricted to highly constrained settings. Data Availability: Data are available from the authors upon request. JEL Classifications: J33; M14; M41; M52.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135348382","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 Impact of M&A Delistings on the Information Environment of Industry Peer Firms 并购退市对同业企业信息环境的影响
The Accounting Review Pub Date : 2023-09-01 DOI: 10.2308/tar-2021-0442
Anna Bergman Brown, Donal Byard, Masako Darrough, Jangwon Suh
{"title":"The Impact of M&A Delistings on the Information Environment of Industry Peer Firms","authors":"Anna Bergman Brown, Donal Byard, Masako Darrough, Jangwon Suh","doi":"10.2308/tar-2021-0442","DOIUrl":"https://doi.org/10.2308/tar-2021-0442","url":null,"abstract":"ABSTRACT This study documents that M&A delistings are associated with a deterioration in the quality of analysts’ information environment for industry peer firms, measured by an increase in analysts’ absolute forecast errors and dispersion. This effect persists for six quarters and is larger when the delisting target firm contributes relatively more to the industry information environment. Further, we find that, among analysts forecasting earnings for an industry peer firm, those who also followed the delisted target firm in the pre-M&A period experience a larger increase in their absolute forecast errors. A comparison based on public versus private target firms also suggests that the loss of target firms’ public disclosures plays a role in the deterioration in the quality of analysts’ information environment. In additional analyses, we find evidence consistent with this effect resulting from a deterioration in analysts’ ability to exploit across-firm information complementarities. JEL Classifications: G14; G18; G34; M40.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135248882","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
Optimal Reporting Systems in Bank Runs 银行挤兑中的最优报告系统
The Accounting Review Pub Date : 2023-09-01 DOI: 10.2308/tar-2021-0626
Gaoqing Zhang, Ronghuo Zheng
{"title":"Optimal Reporting Systems in Bank Runs","authors":"Gaoqing Zhang, Ronghuo Zheng","doi":"10.2308/tar-2021-0626","DOIUrl":"https://doi.org/10.2308/tar-2021-0626","url":null,"abstract":"ABSTRACT We study the role of reporting systems in the context of bank runs. In our model, a bank receives an early but imprecise estimate of its investment performance, and its financial reporting system generates a report. We find that, from a financial-stability standpoint, the optimal reporting system requires full disclosure when the bank’s early estimate is below a certain threshold, but no disclosure otherwise. Importantly, such optimal reporting threshold should be tailored to the bank’s exposure to bank-run risk. In particular, the threshold is nonmonotonic and U-shaped in the bank-run risk. We also relate our results to current accounting standards and discuss their implications for policy-making and empirical research. JEL Classifications: G21; G28; M41; M48.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135588958","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
Two Sides of the Same Coin: The Good and Bad of Alumni Affiliation during Auditor Evidence Collection 同一枚硬币的两面:审计证据收集过程中校友关系的好坏
The Accounting Review Pub Date : 2023-09-01 DOI: 10.2308/tar-2020-0796
Christine E. Earley, Stephen G. Kuselias, Nikki L. MacKenzie
{"title":"Two Sides of the Same Coin: The Good and Bad of Alumni Affiliation during Auditor Evidence Collection","authors":"Christine E. Earley, Stephen G. Kuselias, Nikki L. MacKenzie","doi":"10.2308/tar-2020-0796","DOIUrl":"https://doi.org/10.2308/tar-2020-0796","url":null,"abstract":"ABSTRACT Regulators and researchers express concern about auditors who leave their firms for employment at their clients, due to lingering relationships which might represent a threat to audit quality. These relationships could negatively impact audit quality through undue influences of the client personnel on auditor judgment. We examine how these relationships influence novice auditors during evidence collection. Understanding the effects of alumni affiliation on evidence collection is important because undiscovered issues at this phase may go unaddressed, potentially hurting audit quality. Contrary to most research findings, we find that alumni affiliation can benefit the audit by increasing auditors’ evidence collection. However, we also find, when auditors become depleted, the benefits of alumni affiliation actually reverse, as auditors overrely on the relationship, leading them to prematurely cease evidence collection. These findings have implications for both practitioners and researchers. Data Availability: Data are available from the authors upon request.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"32 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135200355","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
Editorial Policy 编辑政策
The Accounting Review Pub Date : 2023-08-31 DOI: 10.2308/0001-4826-98.5.e
{"title":"Editorial Policy","authors":"","doi":"10.2308/0001-4826-98.5.e","DOIUrl":"https://doi.org/10.2308/0001-4826-98.5.e","url":null,"abstract":"","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78800793","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
A Tale of Two Forecasts: An Analysis of Mandatory and Voluntary Effective Tax Rate Forecasts 两个预测的故事:强制性和自愿性有效税率预测的分析
The Accounting Review Pub Date : 2023-08-31 DOI: 10.2308/tar-2019-0250
Novia X. Chen, Sabrina Chi, Terry Shevlin
{"title":"A Tale of Two Forecasts: An Analysis of Mandatory and Voluntary Effective Tax Rate Forecasts","authors":"Novia X. Chen, Sabrina Chi, Terry Shevlin","doi":"10.2308/tar-2019-0250","DOIUrl":"https://doi.org/10.2308/tar-2019-0250","url":null,"abstract":"ABSTRACT Disclosure theory predicts that the likelihood of voluntary disclosures increases with the noise level in mandatory disclosures. We test this prediction by exploiting a unique setting where firms simultaneously provide two forecasts of the same metric—annual effective tax rates (ETRs). We find that managers are more likely to issue voluntary ETR forecasts when mandatory ETR forecasts contain more noise due to tax complexity, suggesting that managers resort to voluntary disclosure when mandatory disclosure constrains their ability to convey private information. Using analysts’ ETR forecast revisions to assess the informativeness of the two ETR forecasts, we find that both forecasts are incrementally informative. In addition, analysts weight voluntary ETR forecasts more heavily, especially when voluntary ETR forecasts are non-GAAP based and when discrete items are present. Overall, we provide evidence on the relation between and the informativeness of voluntary and mandatory disclosures by examining two competing forecasts issued simultaneously.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"143 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135782568","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
Covers and Front Matter 封面及封面
The Accounting Review Pub Date : 2023-08-31 DOI: 10.2308/0001-4826-98.5.i
{"title":"Covers and Front Matter","authors":"","doi":"10.2308/0001-4826-98.5.i","DOIUrl":"https://doi.org/10.2308/0001-4826-98.5.i","url":null,"abstract":"","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135946408","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 Effect of Innovation Box Regimes on Investment and Employment Activity 创新箱制度对投资和就业活动的影响
The Accounting Review Pub Date : 2023-08-31 DOI: 10.2308/tar-2019-0338
Shannon Chen, Lisa De Simone, Michelle Hanlon, Rebecca Lester
{"title":"The Effect of Innovation Box Regimes on Investment and Employment Activity","authors":"Shannon Chen, Lisa De Simone, Michelle Hanlon, Rebecca Lester","doi":"10.2308/tar-2019-0338","DOIUrl":"https://doi.org/10.2308/tar-2019-0338","url":null,"abstract":"ABSTRACT We study whether innovation box tax incentives, which reduce tax rates on innovation-related income, are associated with increased fixed asset investment and employment. Using a stacked cohort difference-in-differences design on an entropy-balanced sample of European multinationals, we find innovation box regimes are associated with higher levels of capital expenditures, relative to noninnovation box jurisdictions. We do not find discernible effects on total employment or total compensation. However, the data suggest that companies in innovation box countries have a more highly compensated workforce following innovation box implementation, particularly among patent-owning observations in countries with more restrictive innovation box regimes and greater tax benefits. Our study contributes to the literature on, and policy evaluation of, innovation box regimes by examining the extent to which these incentives result in tangible investment and employment and by identifying how different characteristics of innovation box regimes impact these outcomes.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135782570","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
Information, Incentives, and Attention: A Field Experiment on the Interaction of Management Controls 信息、激励和关注:管理控制相互作用的实地实验
The Accounting Review Pub Date : 2023-08-31 DOI: 10.2308/tar-2019-1065
Kathrin Manthei, Dirk Sliwka, Timo Vogelsang
{"title":"Information, Incentives, and Attention: A Field Experiment on the Interaction of Management Controls","authors":"Kathrin Manthei, Dirk Sliwka, Timo Vogelsang","doi":"10.2308/tar-2019-1065","DOIUrl":"https://doi.org/10.2308/tar-2019-1065","url":null,"abstract":"ABSTRACT We study the profit effects and interplay of two core accounting practices in a field experiment in a large retail chain. In a 2 × 2 factorial design, we vary (1) whether store managers obtain decision-facilitating information on a profit metric and (2) whether they receive performance pay based on the same metric. We find that both practices increase profits significantly. In contrast to reasoning based on standard economic theory, we do not find complementarity between both interventions. Rather, we detect evidence in line with an attention-directing role of both practices: the introduction of each raises attention to the underlying objective, which induces a countervailing substitution effect. JEL Classifications: J33; M52; C93.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135783231","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: 3
Understanding the Sustainability Reporting Landscape and Research Opportunities in Accounting 了解可持续发展报告的前景和研究机会在会计
The Accounting Review Pub Date : 2023-08-31 DOI: 10.2308/tar-2023-0145
Patricia M. Dechow
{"title":"Understanding the Sustainability Reporting Landscape and Research Opportunities in Accounting","authors":"Patricia M. Dechow","doi":"10.2308/tar-2023-0145","DOIUrl":"https://doi.org/10.2308/tar-2023-0145","url":null,"abstract":"ABSTRACT I first distinguish the terms economic growth, economic development, and sustainable development. I then discuss the term ESG and why this term is used with respect to the corporation. I follow with a discussion of the shareholder primacy perspective and how this perspective plays a defining role in corporate law, corporate governance, and asset management. I argue that the shareholder primacy perspective is not appropriate for sustainability reporting because when a firm pollutes the environment, reduces biodiversity, or has inequitable social policies, it does not bear the full cost of its action; society and the planet does. Therefore, providing sustainability disclosures that are relevant to investors misses the point that sustainability disclosures are motivated by the desire of other stakeholders to learn about externalities. I discuss the different standard setters in the sustainability space and how accounting and measurement play key roles. I close with a discussion of research opportunities. Data Availability: Data are publicly available from sources indicated in the text. JEL Classifications: K22; L21; M41; M48; Q56; Q58.","PeriodicalId":22240,"journal":{"name":"The Accounting Review","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135946055","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
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：604180095
Book学术官方微信