ABSTRACT We provide evidence that lenders with lower regulatory capital issue loans financial covenant strictness, consistent such viewing borrower violations as costlier. This is because a violation may lead the lender to downgrade loan, which triggers accounting further reduces capital. Because of scrutiny, this true even if waives violation. find association concentrated in performance coven...

ABSTRACT A dedicated investor relations (IR) function facilitates direct and ongoing dialog between management shareholders. This paper examines whether this form of engagement mitigates activism that relies upon support from other We find IR is associated with increased confidence in the board, as well a lower likelihood activism, deterrent effect becoming stronger when there are fewer frictio...

SYNOPSIS Using a broad sample of U.K. firms that are required to disclose auditor materiality thresholds under the International Standards on Auditing (United Kingdom and Ireland) 700, we examine whether threshold is associated with audit quality. We document lower higher quality, as measured by absolute discretionary accruals, accruals propensity just meet or beat analysts’ earnings expectatio...

ABSTRACT We propose and find that aggregate special items conveys more information about future real GDP growth than earnings before because the former contains advance news economic outcomes. A two-stage rational expectations test reveals professional forecasters fully understand content of items, but underestimate when revising their forecasts. Using vector autoregressions, we show has predic...

ÖZ
 Tereke defterleri, Osmanlı döneminde vefat eden kişilerin mal varlıklarının değerleriyle kaydedildiği defterler olarak tanımlanabilmektedir. Osmanlı’da uzun yıllar boyunca tutulan arasında yer almaktadır. Bu durum, muhasebenin gelişimi açısından da etkili olmuştur. defterlerinde alan kayıtlar, miras bölüşümüyle ilgili döneminde, mahkemelerin başvurduğu önemli kaynaklar değerlendirilmek...

ABSTRACT Task interruptions are ubiquitous and can systematically affect decision-making, even when they nondiagnostic thus irrelevant. We report the results of an experiment employing experienced investors as participants to solidify theoretical foundation underpinning impact interruption on investor decision-making. consider joint effects risk/return preferences well effectiveness two theory-...

SYNOPSIS This study examines the impact of ethnic diversity executives on real earnings management (REM) by using 21,217 firm-year observations for 2,209 U.S. public firms between 1993 and 2020. Social identity theory top team research suggest executive enhances mutual monitoring subordinate executives’ independence from CEO, thus incentivizing to curb CEOs’ opportunistic financial reporting. T...

ABSTRACT Global stakeholders have expressed interest in increasing the use of data analytics throughout audit process. While offer great promise identifying audit-relevant information, auditors may not uniformly incorporate this information into their decision making. This study examines whether conclusions from two analytic inputs, type analytical model (anomaly versus predictive) and analyzed...

ABSTRACT Despite the increase in and diversity of disclosure channels available, our understanding how managers incorporate channel features into their decisions remains incomplete. I provide evidence that choose relatively rich offer multiple cues, opportunities for interaction, linguistic (i.e., earnings call, as compared to press release) communicate complex information. The positive relatio...