...Miró Feller; Ulrich Schäfer ABSTRACT We study a model in which financial reports are used in labor markets to learn about managerial talent. A manager manipulates reports to influence the labor market assessment of his talent. If investors are uncertain about the manager’s incentives, manipulation...

... Willenborg. 2023 30 07 2021 20 02 2023 23 02 2023 internal audit labor market job demand accounting and operational failures THE ACCOUNTING REVIEW Vol. 98, No. 7 November 2023 pp. 1 26 American Accounting Association DOI: 10.2308/TAR-2021-0484 The Demand for Internal...

... accounting misstatements. Our results are robust across alternative measures of labor market proximity and audit quality, and to a battery of sensitivity tests, including controlling for client firms' proximity to universities. Overall, our results suggest that audit offices benefit from being proximate...

...Rebecca N. Hann; Congcong Li; Maria Ogneva ABSTRACT We examine the macroeconomic information content of aggregate earnings from the labor market's perspective. We use insights from the labor economics literature to characterize the information contained in aggregate GAAP earnings and its...

... under penalty contracts. Given these findings, the prevalence of bonus contracts in practice is puzzling. If penalty contracts yield more worker effort, why would employers not use them more often? We conduct experimental labor markets to test whether the prior finding of more effort under penalty...

... Editorship of Mark L. DeFond. July 2016 July 2018 2019 executive compensation personality labor market Economic theory often assumes that managers vary in talent (e.g., Murphy and Zabojnik 2004 ; Gabaix and Landier 2008 ; Edmans, Gabaix, and Landier 2009 ), and a growing...

... with the expectation that outside directors benefit from the experience that they obtain by joining these firms. This paper contributes to the previous literature in a number of important ways. First, it extends our knowledge of the director labor market. A significant amount of evidence suggests that firm...