Now showing items 1-5 of 5
Audit Office Reputation Shocks from Gains and Losses of Major Industry Clients
(2016-05)
Our study reports evidence on the dynamic effects of client switches on auditor reputations and fee premia. Offices of large accounting firms that lose (gain) major industry clients experience a reputation shock leading ...
A Model of Aggregate Reporting Quality
(2014-07)
We characterize firms’ aggregate reporting quality in an economy where a rational capital market as well as a regulator discipline firms’ reporting choices. When the regulator is resource constrained, multiple aggregate ...
U.S. Congressional Committees and Corporate Financial Misconduct
(2017-05)
We document that firms with powerful political representation on the two U.S. congressional committees that oversee the Securities and Exchange Commission (SEC) are less likely to face regulatory enforcement against corporate ...
Regulatory Cooperation and Foreign Portfolio Investment
(2018-07)
We investigate the effect of cross-border regulatory cooperation on global mutual fund portfolio allocations, focusing on the Multilateral Memorandum of Understanding (MMoU), a non-binding information sharing arrangement ...
The Tone of Management Forward Looking Statements and Asymmetric Cost Behavior
(2016-09)
The documentation of asymmetric cost behavior in response to changes in demand has attracted much scholarly attention over the past decade. Most studies propose that this cost asymmetry is due to the influence of management ...