Journal of Accounting and Economics
Papers 1062
1 page of 107 pages (1,062 results)
Published on Sep 1, 2019in Journal of Accounting and Economics3.75
Pingyang Gao6
Estimated H-index: 6
(U of C: University of Chicago),
Xu Jiang3
Estimated H-index: 3
(Duke University)
Abstract Discrete recognition is a long-standing and ubiquitous accounting practice, but it has been widely criticized for suppressing information and inducing accounting-motivated transactions. We study a model to examine the economic consequences of shifting away from discrete recognition to a continuous measurement approach. Without manipulation, discrete recognition is less informative than the continuous approach. However, the continuous regime induces more manipulation. The equilibrium inf...
Published on 2019in Journal of Accounting and Economics3.75
Lindsey A. Gallo2
Estimated H-index: 2
(UM: University of Michigan),
S.P. Kothari50
Estimated H-index: 50
(MIT: Massachusetts Institute of Technology)
Abstract Armstrong, Glaeser and Kepler (2019) examine whether accounting quality affects the sensitivity of a firm’s stock returns to monetary policy news. The authors document that firms with lower accounting quality experience more pronounced responses to surprise changes in the target Federal funds rate, consistent with proposed balance-sheet channel of policy transmission. We first discuss how this paper fits with prior literature on the role of accounting quality and firm investment and wit...
Published on 2019in Journal of Accounting and Economics3.75
Peter R. Demerjian9
Estimated H-index: 9
(UIC: University of Illinois at Chicago)
Abstract Credit default swaps (CDS) represent a major innovation in debt markets, allowing lenders to transfer credit risk to a counterparty by paying a premium. Shan, Tang, and Winton (2019) explore whether the availability of CDS affects the monitoring incentives of lenders. Their paper finds that CDS leads to looser loan terms (less collateral and looser covenants), consistent with a reduction in monitoring incentives. I examine several aspects of their study, including whether loan provision...
Published on Mar 15, 2017
Joseph Engelberg19
Estimated H-index: 19
R. David McLean11
Estimated H-index: 11
Jeffrey Pontiff16
Estimated H-index: 16
Published on 2019in Journal of Accounting and Economics3.75
Elia Ferracuti1
Estimated H-index: 1
(Duke University),
Stephen R. Stubben9
Estimated H-index: 9
(UofU: University of Utah)
Abstract This discussion of the survey of the literature on financial reporting and corporate investment by Roychowdhury et al. (2019) focuses on an area in this literature that has received less attention—how financial reporting helps managers allocate capital across investment opportunities within their firms in the presence of uncertainty. We discuss the theory on investment under uncertainty and offer suggestions for future research.
Published on Aug 1, 2019in Journal of Accounting and Economics3.75
Tien-Shih Hsieh , Jeong-Bon Kim38
Estimated H-index: 38
+ 1 AuthorsZhihong Wang5
Estimated H-index: 5
Abstract Psychology and neuroscience studies document that facial trustworthiness perceptions may affect observers’ decision-making process. Our study examines whether auditors’ perceptions of client executives’ facial trustworthiness are associated with their audit fee decisions. We employ a machine-learning-based face-detection algorithm to measure executives’ facial trustworthiness. We find that auditors charge 5.6% less audit fee to firms with trustworthy-looking CFOs than to those with untr...
Published on Jan 7, 2019
Brian J. Bushee22
Estimated H-index: 22
Matthew C. Cedergren2
Estimated H-index: 2
Jeremy Michels3
Estimated H-index: 3
Published on Jul 1, 2019in Journal of Accounting and Economics3.75
Chenyu Shan1
Estimated H-index: 1
Dragon Yongjun Tang13
Estimated H-index: 13
Andrew Winton22
Estimated H-index: 22