ABSTRACT We present theory and empirical evidence that greater financial reporting quality can incentivize myopic investments. In the model, increases investor response to earnings, elevating manager’s incentive invest myopically improve earnings. Using setting of Big N auditors’ acquisitions non-Big Ns, which increased earnings for acquired client firms, we find supporting Specifically, client...

ABSTRACT We study the optimal information system in a debt contracting setting which managers can engage value destroying risk-shifting behavior. The issues early-warning signals that allow lenders to take corrective actions such as liquidating unprofitable projects. When are empire builders, exhibits conservative bias leads excessive and project liquidations relative first best. In contrast, w...

This study aims to determine the development of research trends on environmental accounting published by national and international journals. The data analyzed consists 500 indexed publications during period 1981 2020. is then processed using R Bibliometric application bibliometric map developments. results showed that number role related has increased significantly. Then, most common type docu...

ABSTRACT We investigate the role of gender on aggressiveness sell-side analysts' questions during earnings conference calls. Our tests reveal that verbal is significantly associated with both analyst asking question and CEO fielding question. First, we find male analysts are more verbally aggressive than female analysts. Specifically, direct likely to be followed further questions, have a prefa...

Abstract The modern era of wine journalism has provided abundant information about wines and widespread use numerical rating systems. A tiny difference, especially at the top distribution ratings, may have striking consequences on sales investment returns. This article provides a general framework to obtain consensus among tasters’ opinions (reflected as ratings) via three subsequent stages: no...

ABSTRACT A growing literature provides evidence that peer considerations play a central role in shaping firm’s behavior. This paper documents the frequency of forced CEO turnovers by product market firms is negatively associated with real earnings management. I find disciplinary turnover explains observed relation. These effects are stronger when suspected to engage management meet or just beat...

SYNOPSIS We examine the effectiveness of corporate governance in influencing insider trading around private in-house meetings (hereafter “private meetings”) between management and investors China. Consistent with better curbing (1) disclosure nonpublic price-sensitive information (2) trading, we find that quality is associated reduced frequency, value, profitability meetings. Firms appear to ex...

This paper presents a framework for assessing the fiscal condition index (FCI) and develops a concept to assess fiscal condition of governments and implements it into Iran government as an oil exporting country. The concept consists of four dimensions ­-revenue, expenditure, budget balance, and debt structure-and each dimension has its own indicators. There are seven indicators examined namely ...

This paper examines the viability of security transaction excise taxes (STETs) as one policy tool for promoting a more stable financial environment, specifically with respect to the U.S. economy. Contrary to a large recent critical literature, we show that a STET can be designed without creating large distortions between segments of the financial market. We also show that a modest STET for the ...