... net asset values financial reporting valuation specialists We describe variation in private equity (PE) funds’ reporting quality. Although drivers of reporting quality, such as monitoring by investors and auditors, have been studied in public firms, much less is known about reporting quality...

... anticorruption campaign in November 2012, which we use as a quasi-natural experiment to assess the causal effects of political corruption on firms’ financial reporting. Next, we explore cross-sectional heterogeneity to substantiate the shielding hypothesis. Using proxies for a firm’s ability to pay bribes...

...Suzie Noh; Eric C. So; Christina Zhu ABSTRACT We show that financial reporting influences consumer behavior by drawing consumer attention to announcing firms. Analyzing global positioning system (GPS) data, we document upticks in foot traffic to firms’ commercial locations immediately following...

...Michael A. Mayberry; Hyun Jong Park; Wei Zhang ABSTRACT We examine how the shifting of legal liability between auditors and clients affects financial reporting quality. We exploit the state-level adoption and rejection of a common law doctrine, the Audit Interference Rule (AIR), which shifts legal...

...Jonas Heese; Gerardo Pérez-Cavazos; Caspar David Peter ABSTRACT We study the effect of executives’ pledges of integrity on firms’ financial reporting outcomes by exploiting a 2016 regulation that requires holders of Dutch professional accounting degrees to pledge an integrity oath. We identify...

...Thomas R. Kubick; Yijun Li ABSTRACT We identify executives who have experienced significant accounting-related adverse events during their careers as a powerful setting to examine the extent to which prior professional experience can influence subsequent financial reporting policies. We find...

... reveal an evolution to a more nuanced, but not declining, relation between accounting information and share price. JEL Classifications: C14; G10; G18; M40; M41. capital markets equity valuation financial reporting value relevance new economy classification and regression trees...

... Basel III to understand how firms respond to proposed regulation. We find evidence to suggest that affected banks not only lobbied rule-makers against it but also made strategic financial reporting changes and altered their business models in ways that reduced their exposure to the proposed rule prior...

... own. Editor's note: Accepted by Brad A. Badertscher, under the Senior Editorship of Mary E. Barth. 1 2 2020 1 3 2022 2022 taxable income tax policy forecasting financial reporting The objective of financial reporting is to provide users with information...

..., and Kadous 2015 ). As a result, management bias in an estimate may survive the audit. The Securities and Exchange Commission's (SEC) Division of Enforcement lists these same complex estimates as areas of particular emphasis and a high priority for detecting financial reporting and accounting fraud ( SEC 2016...

... areas are more likely to shrink investment in internal monitoring and increase the opacity of financial reports ( Stulz 2005 ). Although operating in a corrupt environment does not automatically implicate the firm of wrong-doing, local norms in corrupt areas are more tolerant of risky and unethical...

... of this paper were entitled “Real effects of financial reporting quality and credibility: Evidence from the PCAOB regulatory regime” and “Does auditor regulatory oversight affect corporate financing and investment decisions?” All errors are my own. Editor's note: Accepted by W. Robert Knechel, under...

...Helena Isidro; Dhananjay (DJ) Nanda; Peter D. Wysocki ABSTRACT We provide new evidence on the codependence among the many country attributes previously linked to financial reporting quality. First, we show that the synchronicity of 21 changing country attributes spikes surrounding...

.... cooperation fraud penalties financial reporting Securities and Exchange Commission When faced with the possibility of a regulatory enforcement action, firms must decide whether to cooperate with regulators during the investigation or to remain silent and force regulators to build the case...

.... DeFond. September 2015 October 2017 2018 information asymmetry voluntary disclosure accounting financial reporting public information private information asset pricing The strategic communication between firms and investors in capital markets through corporate...

... Classifications: D72; D82; D83; G20. cheap talk disclosure verification financial reporting The coexistence of hard and soft information is a fundamental characteristic of the measurement process. A disclosure can be soft, in the form of a measure that “can easily be pushed in one direction...

... in the study with the exception of the bond data from Lehman Brothers, which is a proprietary dataset. March 2011 September 2012 2013 short interest credit ratings bond yield spreads financial reporting The authors thank Bryan...