Concurrent Sessions最新文献_第2页

Managerial Discretion and Firm Fundamentals 管理自由裁量权和公司基础

Concurrent Sessions Pub Date : 2016-01-14 DOI: 10.2139/ssrn.2715636

V. Athanasakou, Per Olsson

引用次数: 2

The Impact of Internal Control Weaknesses on Pension Assumptions Manipulation 内部控制缺陷对养老金假设操纵的影响

Concurrent Sessions Pub Date : 2016-01-13 DOI: 10.2139/ssrn.2715182

Seokyoun Hwang, B. Sarath

引用次数: 0

Corporate Responses to the Repatriation Incentive and Domestic Production Activities Deduction of the American Jobs Creation Act of 2004 企业对回流激励和国内生产活动扣除2004年美国就业创造法案的反应

Concurrent Sessions Pub Date : 2016-01-12 DOI: 10.2139/ssrn.2714565

Michael R. Kinney, Harrison Liu

引用次数: 0

Strategic Information Disclosure and Bank Lending 战略信息披露与银行贷款

Concurrent Sessions Pub Date : 2015-09-01 DOI: 10.2139/ssrn.2689574

Sumit Agarwal, S. Chomsisengphet, Susie Qi Wang

引用次数: 3

Course Grades or Faculty Intuition: Which is a Better Predictor of Student Success on Professional Accounting Exams? 课程成绩和教师直觉:哪个更能预测学生在专业会计考试中的成功?

Concurrent Sessions Pub Date : 2014-06-01 DOI: 10.2139/ssrn.2337290

Camillo Lento, Naqi Sayed

{"title":"Course Grades or Faculty Intuition: Which is a Better Predictor of Student Success on Professional Accounting Exams?","authors":"Camillo Lento, Naqi Sayed","doi":"10.2139/ssrn.2337290","DOIUrl":"https://doi.org/10.2139/ssrn.2337290","url":null,"abstract":"The purpose of this research is to determine whether accounting faculty’s intuition is a better predictor of a student’s success on professional accounting exams than a student’s GPA. In addition to GPA and intuition, this research investigates the predictive ability of four other factors: 1) co-op experience; 2) case competition participation; 3) firm office size; and 4) professional exam preparation programs. A novel dataset is hand collected based on undergraduate students who graduated from Lakehead University and pursued the Chartered Accountant designation. A logistic model is estimated that correctly predicts 81.6% of all student success (and failure) cases. The results reveal that GPA is a better predictor than faculty intuition, although faculty intuition does have some predictive ability. Specifically, the GPA of accounting-related courses is shown to be better predictors of success than other non-accounting business courses. Additional analysis reveals that the GPA from courses in financial accounting, management accounting, auditing, and taxation are all individually predictive of student success. In addition, students who participate in case competitions performed better while co-op experience, firm office size, and preparation programs are shown to be unrelated to student success prediction. Overall, these results are significant to potential employers of professional accounting students and to professional accounting bodies who must determine which, if any, undergraduate course shold significance in terms of professional accounting programs. This information will not only help in establishing pre-requisite requirements for professional exams but also determine whether required competencies under each course are contributing to student success. This paper is especially timely in Canada as the entrance requirements to the new Chartered Professional Accountant (CPA) are being developed.","PeriodicalId":382675,"journal":{"name":"Concurrent Sessions","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116379436","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

Fair Value Accounting and Investment Efficiency 公允价值会计与投资效率

Concurrent Sessions Pub Date : 2014-01-15 DOI: 10.2139/ssrn.2379753

Mohamed Zaher Bouaziz, Gaétan Breton

{"title":"Fair Value Accounting and Investment Efficiency","authors":"Mohamed Zaher Bouaziz, Gaétan Breton","doi":"10.2139/ssrn.2379753","DOIUrl":"https://doi.org/10.2139/ssrn.2379753","url":null,"abstract":"The fair value accounting maintains a strong theoretical link with resource allocation since it allows a vision closer to the economic reality than the historical cost, particularly for financial instruments. The optimal allocation of resources being the ultimate goal of any economic system, our study examines the link between fair value accounting and the efficient allocation of resources especially investment efficiency. While the performance of financial instruments was not easily identifiable with former accounting models, the advent of the fair value as an evaluation mode of financial instruments made prospective future profits more visible, liable to incite companies to invest strongly in financial investments. The danger on an efficient allocation of resources in non-financial corporations is therefore the redeployment of the assets of the company following a financial strategy and not in an industrial logic. On a sample of Canadian firms belonging to the TSX Composite Index for the period between 2007 and 2011, our results indicate that the profitability of financial instruments measured in fair value does not stimulate the establishment of a financial strategy turned towards the substitution of financial to productive investment. Primarily, our work contributes to the debate on the legitimacy of the employment of fair value accounting as an evaluation mode for assets and liabilities since its alleged role in the last financial crisis and, secondly, the results of our research are significant in the context of the adoption, by Canada, of international financial reporting standards, for which fair value constitutes one of the cornerstones.","PeriodicalId":382675,"journal":{"name":"Concurrent Sessions","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121648103","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

Managerial Risk-Taking and CEO Excess Compensation 管理风险承担与CEO超额薪酬

Concurrent Sessions Pub Date : 2014-01-14 DOI: 10.2139/ssrn.2379166

Rahat Jafri, Samir Trabelsi

引用次数: 1

Corporate Social Responsibility, Earnings Management, and Firm Performance: Evidence from Panel VAR Estimation 企业社会责任、盈余管理与企业绩效:来自面板VAR估计的证据

Concurrent Sessions Pub Date : 2013-11-08 DOI: 10.2139/ssrn.2379826

Mark C. Anderson, Soonchul Hyun, Hussein A. Warsame

{"title":"Corporate Social Responsibility, Earnings Management, and Firm Performance: Evidence from Panel VAR Estimation","authors":"Mark C. Anderson, Soonchul Hyun, Hussein A. Warsame","doi":"10.2139/ssrn.2379826","DOIUrl":"https://doi.org/10.2139/ssrn.2379826","url":null,"abstract":"Previous literature investigates links between corporate social responsibility (CSR), earnings management (EM), and firm performance (FP) but has looked at pair-wise relations (CSR-EM, CSR-FP, and EM-FP) for one-way effects without considering endogeneity among the variables. We examine these relations recognizing endogeneity and possible two-way effects and also consider two additional factors, corporate governance (CG) and management compensation (MC) that may influence the interrelations between firms’ FP, EM and CSR. To examine the complex relationships among these endogenous variables (CSR, EM, PF, CG, and MC) under different eras in management oversight, we divide our complete sample period from 1992 to 2009 into a pre-SOX (Sarbanes-Oxley) period (from 1992 to 2001) and a post-SOX period (from 2002 to 2009), and innovatively employ a rigorous panel vector autoregressive (PVAR) approach. We find three main results: (1) CSR had a positive influence on EM in the pre-SOX period but CSR had no impact on EM post-Sox. (2) There is no relation between CSR and FP pre-SOX, but there are bi-directional relations between them during the post-SOX period: a positive influence of CSR on FP and a negative influence of FP on CSR. (3) FP positively affects EM in both pre- and post-SOX periods.","PeriodicalId":382675,"journal":{"name":"Concurrent Sessions","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124431373","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: 9

The Effect of Voluntary Disclosure on Firm Risk and Firm Value: Evidence from Management Earnings Forecasts 自愿披露对企业风险和企业价值的影响:来自管理层盈余预测的证据

Concurrent Sessions Pub Date : 2013-01-14 DOI: 10.2139/ssrn.2199587

Stephen R. Foerster, S. Sapp, Yaqin Shi

{"title":"The Effect of Voluntary Disclosure on Firm Risk and Firm Value: Evidence from Management Earnings Forecasts","authors":"Stephen R. Foerster, S. Sapp, Yaqin Shi","doi":"10.2139/ssrn.2199587","DOIUrl":"https://doi.org/10.2139/ssrn.2199587","url":null,"abstract":"This study investigates whether the voluntary disclosure of management earnings forecasts influences investors’ assessment of firm risk and firm value. We find a significant negative relationship between the issuance of management earnings forecasts and a variety of measures of firm risk (idiosyncratic risk, stock return volatility, beta, and bid-ask spreads), with more frequent, more precise and more accurate earnings forecasts further decreasing firm risk. Our results therefore suggest that information quality is an important determinant of both diversifiable risk and nondiversifiable systematic risk. We also demonstrate that management earnings forecasts are positively associated with firm value as captured by Tobin’s Q while more frequent, precise and accurate forecasts further enhance valuation premiums. Finally, we find that management earnings forecasts impact firm value not only through a reduction in firm risk, but also through changing investors' perceptions about future cash flows. Our results are robust to various sensitivity checks. Overall, releasing high-quality management earnings forecasts is associated with important capital market benefits.","PeriodicalId":382675,"journal":{"name":"Concurrent Sessions","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130825198","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: 10

Does Reading Case Responses and Using Argument Maps Enhance Accounting Students’ Case Analyses? 阅读案例回应和使用论点图能提高会计专业学生的案例分析能力吗?

Concurrent Sessions Pub Date : 2013-01-03 DOI: 10.2139/ssrn.2196211

F. Phillips

引用次数: 0