Digital Commons Network^™

Understanding The Accounting Of Agilysys' Current Business Model And Other Economic Activities, Brick Gore

Honors Theses

Agilysys operates out of the hospitality software industry and has seen a recent incline in volume due to the convenience and advancements of technology. They point of sale systems make it simple to conduct transactions; therefore, while the hospitality companies were negatively impacted during Covid-19, they were still able to sustain. Agilysys is posed a threat from operational risks, such as global climate change and rising interest rates as their products are many times located in luxurious environments; however, their current business model allows them to reduce this risk. From an auditor’s perspective, there are riskier accounts, and without a …

Income Taxation Of Corporations In The United States, Thomas Koshewa

Undergraduate Theses

Taxes affect everyone. Public infrastructure, education, healthcare, social security, public safety, and national defense are just some of the services provided for U.S. Citizens and residents through tax revenue. As taxes pay for these services, it is often a topic of discussion in the media. Though there are varying opinions about taxes and our tax system, there is one quote from Benjamin Franklin that everyone can agree upon: “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.”

While Franklin’s statement about death and taxes …

20 Years In The Making: Do Executive Compensation Clawback Policies Have Claws?, Brielle Mackinnon

Accounting Undergraduate Honors Theses

Compensation clawback policies allow shareholders to recoup any incentive compensation that executives earn based on reported financial performance metrics that are subsequently determined to be misstated. They were introduced to encourage top executives to take increased responsibility for the financial statements, and to give shareholders increased security when designing compensation contracts for executives. Clawback policies have existed in several different forms for the past 20 years. In this study, I review the history of clawbacks, and discuss the enforcement (or lack thereof) of such provisions by regulators and corporations. The goal of my study is to further the understanding of …

Enhancing Audit Quality Through Artificial Intelligence: An External Auditing Perspective, Jonah Mitan

Accounting Undergraduate Honors Theses

The evolving landscape of the audit profession has been significantly influenced by the integration of artificial intelligence (AI) and automation, marking a pivotal shift in audit methodologies, the auditors' roles, and the overarching quality of audits. This thesis delves into the breadth of AI's impact on the industry through a comprehensive review of academic literature, professional publications, and industry insights, highlighting the transformative effects of AI on audit processes. AI-driven tools, including machine learning, deep learning, and natural language processing can expedite laborious audit tasks, enhancing data analytics capabilities, and enabling more accurate risk assessment and fraud detection. AI technologies …

Financial Literacy And Ipo Underpricing, Xiaoran Jia, Kiridaran G. Kanagaretnam, Chee Yeow Lim, Gerald J. Lobo

Research Collection School Of Accountancy

Using an international sample of IPO firms and two country-level measures of financial literacy, we find strong evidence that financial literacy is negatively associated with IPO underpricing. In cross-sectional analyses, we find that the effect of financial literacy in reducing IPO underpricing is more pronounced when the information environment is less transparent. Employing path analysis, we document that information friction, firm transparency, and stock market participation are mechanisms that mediate this relationship. Our study contributes to and extends the literature by providing strong evidence that citizens' financial literacy has an important and consistent influence on IPO underpricing.

Research On The Impact Of Ai Technology Adoption On Organizational Resilience Of Service Enterprises, Jianlin Deng

Dissertations and Theses Collection (Open Access)

In a time of frequent global economic fluctuations, understanding how service enterprises can sustain stability amid fluctuating environments, and even thrive during crises, has become a significant research focus within the current economic context. Advancements in the digital economy provide service enterprises with new digital technology support, leading to their reduced operational costs and heightened efficiency. Among them, artificial intelligence (AI) technology is highly praised by service enterprises. AI technology is extensively integrated into service enterprises’ daily operations and management decision-making. However, limited research has been conducted on how AI technology can assist these enterprises in navigating external environmental disruptions. …

Navigating Uncertainty In Tax Strategy Surrounding The Tax Cuts And Jobs Act Sunset, Tate Smith

Undergraduate Honors Capstone Projects

Throughout history, taxpayers have relied on tax strategies to reduce the proportion of income that is deemed taxable by the government. Today's tax environment is no exception, and with the changes surrounding the Tax Cuts and Jobs Act (TCJA) Sunset, taxpayers need to prepare their tax plans. In 2025, much of the current tax legislation for individual taxpayers will potentially revert to the pre-TCJA legislation. Preparing a strategy during this time period will be difficult because when the current legislation sunsets in 2025 many of the legislation changes will depend on which political party controls the presidency.

This paper seeks …

The Governance Of Director Compensation, Lily Fang, Sterling Huang

Research Collection School Of Accountancy

The average total compensation of directors in U.S.-listed companies was $342,030 in 2020, 5.06 times the median household income. Directors set their own pay, giving rise to potential self-dealing. We argue and document that in the presence of self-dealing, external mechanisms such as legal standards act as effective means of governance. Following a landmark Delaware court ruling that subjected director pay to a more stringent legal standard, Delaware-incorporated firms reduced director compensation relative to non-Delaware firms and experienced positive and non-transient stock price reactions. Our results indicate that proper governance of director compensation enhances firm value.

The Effect Of Remote Work On Career Success In The Accounting Profession, Erin Bynum

Honors Theses

This study analyzed the results of career success assessments of hypothetical public accountants working remotely and in a traditional office setting to determine if remote work affects assessments by partners, managers, and staff accountants. Subjects were randomly assigned resumes that included indications of either remote work or traditional in-office work. Resumes were otherwise identical. After an initial assessment of an assigned hypothetical accountant, subjects were asked to recommend activities that would increase the likelihood of future career success. Subjects were then told that the hypothetical accountant engaged in the recommended activity and were provided a description of a high or …

Classifying Forecasts, Michael S. Drake, James R. Moon Jr., James D. Warren

Faculty Publications

We employ a novel machine learning technique to classify analysts’ forecast revisions into five types based on how the revision weighs publicly available signals. We label these forecast types as quant, sundry, contrarian, herder, and independent forecasts. Our tests reveal that a greater diversity of forecast types within the consensus is associated with increased consensus dispersion and improved consensus accuracy. Additionally, consensus diversity is associated with an improved information environment for firms, as reflected in reduced earnings announcement information asymmetry and volatility, higher earnings response coefficients, and faster price formation. Our study sheds light on how analysts revise their forecasts …

Essays In Accounting And Financial Institutions, Hanmeng Wang

Olin Business School Graduate Student Theses and Dissertations

Financial institutions, e.g., mutual funds and banks, are important entities in the capital markets. They make decisions based on accounting information. Further, their activities influence information production on the firm side, because interests are aligned between institutional investors and firms either through contracting or through market price pressure. Within this context, my dissertation focuses on the interactions between financial institutions and firms. In Chapter 1, I study how institutional investors’ myopia affects firms’ voluntary disclosures. This research question is motivated by the concurrent debate in accounting theory about whether myopia leads to more or less voluntary disclosures. I explore the …

The Tax Cuts And Jobs Act And The Increase Of Stock Buybacks, Ruben Colon

Honors Theses

In 2017, the Tax Cuts and Jobs Act (TCJA) decreased the corporate tax rate from thirty-five (35) percent to twenty-one (21) percent. In addition, the TCJA imposed a one-time tax on liquid and fixed assets held off-shore at fifteen-point five (15.5) percent and eight (8) percent, respectively, paid over eight (8) years, by awarding essentially an interest-free loan, creating an incentive for corporations in the United States to repatriate their offshore cash. This research investigates how the TCJA impacted corporate government tax revenue (CGTR), how corporations used the cash gained from the corporate tax rate decrease, whether the decrease in …

Navigating Uncertainty In Tax Strategy Due To The Tax Cuts And Jobs Act (Tcja) Sunset, Tate Smith

Student Research Symposium

Everyone files taxes and wants to pay as little as possible, but tax planning becomes complicated when new laws could come into effect. This research was designed to find the best tax planning strategy for the upcoming 2025 Tax Cuts and Jobs Act Sunset.

Using Education To Protect The Elderly Against Fraud, Erik Charles

Honors College Theses

This study’s goal is to provide a guide to anyone looking to educate the elderly on fraud. Advice is provided for those who want to help an elderly person in their life and for people who wish to create fraud educations programs of their own. My own experience creating and giving a fraud lecture at a senior living facility is used as evidence for my advice, as well as research into various elderly and fraud related topics.

Strategies For Maintaining The Financial Viability Of Behavioral Health Programs, Antonia Alford

Walden Dissertations and Doctoral Studies

No abstract provided.

Reduced Audit Quality Acts: A Review And Organizational Model, Troy A. Hyatt, Douglas F. Prawitt, Kyle M. Stubbs

Accountancy Faculty Publications and Presentations

With increasing regulatory focus on improving audit quality, research on drivers of audit quality remains important to academics, professionals and regulators. One compelling branch of this research focuses on auditors' intentional actions that reduce audit quality, often referred to in the literature as reduced audit quality acts (RAQAs). This paper provides a review and synthesis of the RAQA literature, including a unifying definition for RAQAs and a model for organizing past and future RAQA research. With the model, we explore antecedents to RAQAs as well as the discovery of, responses to and subsequent consequences of RAQAs. We also discuss potential …

How Does The Degree Of Remote Work Impact Perceptions And Productivity For Undergrad Accounting Workers?, Jonah Hauf

ALL - Honors Theses

A recent development in the field of accounting is the concept of working remotely and being able to be part of a company without ever setting foot inside its doors. This concept has been accelerated by the recent pandemic that prevented companies from surviving financially if they did not adapt to allow employees to work remotely. As companies have recently been opening their doors back up to employees working in person, there is increasing dialogue about whether or not remote work should be embraced as a tool for success or rejected as a potential distraction.

This study will explore literature …

Accounting For The Gift: Theology And Ethics In Accounting, Daniel Sebastian

Religious Studies Theses and Dissertations

Accounting is often assumed to be a neutral presentation of the facts of economic activities and actions. Its double-entry system means that it is always in balance and comports to the rigor of mathematical formulas, and it is taken to be a matter of empirical counting that lends it certainty as well. The dissertation argues that this description of accounting is inadequate. Accounting is better seen as a political tool and technology for producing trust that can help resolve social conflicts. As such, accounting is not value-neutral but carries within it a particular sociality that has moral implications. These moral …

The Fallacy Of Auditor Independence And A Possible Solution, Harrison Hall

Senior Honors Theses

The goal of this paper is to analyze present research for the importance of independence to the auditing profession, determine the greatest threats to auditor independence today, the problems these threats have caused and to explore a possible solution to these problems. For many years, audit professionals have been considered the gatekeepers of the public market. Since the passing of the Securities Acts in the 1930’s, the structure of the privatized audit industry has made it incredibly difficult for auditors to remain independent from their clients. Client fees, the rise of non-audit services and the complexity of audit-client relationships pose …

Research On Futures, Profit Hedging, And Enterprise Price Risk Management In The Bulk Commodity Industry Chain — A Case Study Of Hot-Rolled Coil Industry Chain, Shengxi Liu

Dissertations and Theses Collection (Open Access)

Traditional hedging strategies usually center around a single product, commonly involving companies hedging against the price of their endproducts or essential production materials. At present, traditional hedgingstrategies are no longer sufficient to address the production and management requirements of physical enterprises. There is a need to develop hedgingstrategies aligning with the significant changes in both domestic andinternational markets.

The thesis presents a new profit hedging model based on product manufacturing processes within the industry chain. This method involves hedging production profits by buying (selling) end products and selling(buying) raw materials according to the proportional relationships in the production process on …

When I Know Your Taste: Retail Customers’ Environmental Preferences And Firm Pollution, Mengjie Yang

Dissertations and Theses Collection (Open Access)

I examine whether and how firms incorporate retail customers’ environmental preferences into their pollution decisions. Leveraging the staggered revelations of firms’ environmental negative news and the granularity of household grocery shopping records, I quantify local customers’ heterogeneous environmental preferences based on the extent of product sales declines following the news events. In line with the conjecture that firms factor in rewards and penalties from customers and strategically reduce their pollution, I find a significant improvement in air quality near event firms’ facilities located in markets where local customers reveal the strongest environmental preferences. This effect is more pronounced when news …

Teaching Accounting Students To Think Critically By Engaging Them In The Classroom, Ashley B. Bentley, Michelle S. Freeman

Faculty Open Access Works

This article seeks to help faculty learn ways for accounting professors to incorporate teaching critical thinking based on research by Stephen Brookfield, a well-published expert in the field of critical thinking education. The paper will focus on how Brookfield’s research on teaching critical thinking can change the traditional accounting classroom where students passively cover content to a classroom where students engage within the content so that they develop the critical thinking skills necessary to effectively work in the profession. The authors will present three teaching methods that professors can implement in their classrooms to begin to teach students critical thinking …

Through The Looking Glass: Overcoming Algorithm Aversion In Accounting, David E. Watson

USF Tampa Graduate Theses and Dissertations

Artificial intelligence (AI) is growing rapidly in the accounting field as audit firms invest heavily in technology to enhance audit efficiency and effectiveness. Existing research reveals two contrasting behaviors: algorithm aversion, where individuals are reluctant to rely on algorithms even if their recommendations are equivalent to humans, and algorithm appreciation, where individuals excessively rely on AI without exercising professional skepticism. This study investigates whether auditors’ algorithm aversion can be mitigated through interventions of providing reliability information and transparency information (explainability) about the AI’s processes in order to enhance auditor reliance on AI tools. The results indicate that the participants were …

Home Is Where The Work Is: How Biases In Managers’ Resource Allocation Decisions Affect Task Performance In Remote Work Environments, Richard D. Mautz Iii

USF Tampa Graduate Theses and Dissertations

As the use of remote and hybrid work arrangements continues to grow, it is important to understand how these arrangements can yield performance. In this paper, I conduct two studies to examine how the remote work environment affects managers’ task assignment decisions across different task types and how those decisions affect workers’ task performance. First, I survey managers, in both a cross-section of industries and specifically in accounting, to study the effect of remote work on their task assignment decisions. Consistent with prior literature and economic theory, I predict and find that managers are more inclined to assign generative tasks …

Leading Horses To Water During A Pandemic: Assuring Communication Learning For "Quants", Thomas Hall

International Journal for Business Education

Students who are attracted to quantitative disciplines of study can be reluctant to devote much attention to the important task of communicating, and previous research (Hostager, 2018) has identified statistically significant differences in learning approaches by major among undergraduate business students. This paper presents results of learning assurance for writing skills (direct measures) even when the content of the course relates to the highly quantitative topics of data analytics and finance. The approach combines various pedagogical methods in an undergraduate, writing-intensive setting: traditional testing but in an iterative framework, “flipped classroom” intensive work using spreadsheet software, repeated submission of brief …

Effective Strategies For Improving Supply Chains' Resilience And Cost Effectiveness, Felix Louis Fidelibus

Walden Dissertations and Doctoral Studies

No abstract provided.

Fraud Brainstorming In An Era Of Remote Work: The Effects Of Alternative Video Conferencing Configurations And Audit Team Hierarchy, Ahmed Shuaib

USF Tampa Graduate Theses and Dissertations

In 2020, the coronavirus pandemic prompted governments to respond by implementing social distancing regulations and travel bans. Although these actions helped mitigate the spread of the virus, they also created unique challenges for businesses and their employees. Firms transitioned quickly from face-to-face work settings to remote work arrangements using video conferencing technologies (VCT). These technologies enable video calls with or without instant messaging (chat) to facilitate information exchange. For audit firms, group tasks that were previously performed in face-to-face settings had to be performed using VCT. A commonly performed group task in auditing is fraud brainstorming, which auditing standards require …

The Effect Of Internet Firms’ Data Analytics Capability On Their Innovation Speed And Innovation Quality: A Dynamic Capability Perspective, Yeyu Hua

Dissertations and Theses Collection (Open Access)

With the advent of big data era, data plays a pivotal role in sustainingfirms’ competitive advantages. Although a few studies have shown that data analytics capability contributes to firms’ innovative performance, these studies either focus on general innovative performance or specific types of innovation, such as incremental innovation, radical innovation, and supply chaininnovation. In this thesis, I enrich this stream of literature by conducting twostudies to further examine the relationship between data analytics capabilityand innovation speed as well as innovation quality. This thesis consists of twostudies. Study 1 is a survey study, in which I investigate the relationshipbetween data analytics …

Irs Scrutiny And Corporate Innovation, Nathan Goldman, Niklas Lampenius, Suresh Radhakrishnan, Arthur Stenzel, José Elias Feres De Almeida

School of Accountancy Faculty Publications

The IRS administers tax laws enacted by Congress. As part of the IRS's duties, they often consider taxpayers' financial statements to help ensure accurate tax reporting and payments. We posit that enhanced financial statement disclosures of tax information under FASB Interpretation Number 48 (FIN 48) lead to more IRS scrutiny and alter the incentives for corporate innovation. Using patent applications as a measure of corporate innovation, we employ a difference-in-differences research design with publicly listed US firms as the treatment group and privately held US firms not subject to the disclosure requirements as the control group. We find robust evidence …

Analysts' Earnings Per Share Forecasts: The Effects Of Forecast Uncertainty And Forecast Precision On Investor Judgements, Clarence Goh

Research Collection School Of Accountancy

This study uses controlled experiments to investigate the joint effects of forecast uncertainty and forecast precision on investor judgements. It finds that forecast precision moderates the effects of forecast uncertainty on investors' forecast reliability judgements such that the effects of forecast uncertainty on investors' judgements of forecast reliability are more negative when an analyst's point earnings per share (EPS) forecast is rounded than when it is precise. In addition, the relationship between forecast precision and investors' judgements of forecast reliability is mediated by investors' perceptions of forecast attributes. The evidence also suggests that while forecast uncertainty exerts a negative effect …