...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, under the Senior Editorship of W. Robert Knechel. 30 07 2021 20 02 2023 23 02 2023 2023 internal audit labor market job demand accounting and operational failures We examine whether firms demand internal auditors in response to the revelation...

... 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...

... at the firm level, which is consistent with the view of extraversion as an innate individual characteristic. We find strong evidence that extraverts experience greater labor market success. After controlling for a number of firm factors known to influence compensation, we find that a one-standard...

... reputational concerns labor market Hence, given the potential benefits associated with the appointment of accounting and legal experts and experienced directors, we expect fraudulent firms to have a strong incentive to appoint such directors following the revelation of fraud. However, it is not clear...