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Full-Text Articles in Business
Auditor Expertise, Jurors' Social Identities And Evaluations Of Auditor Negligence, Reginald Wilson
Auditor Expertise, Jurors' Social Identities And Evaluations Of Auditor Negligence, Reginald Wilson
Faculty Publications
This paper employs Social Identity Theory to investigate the impact of auditor expertise and jurors’ identification with auditors on jurors’ perceptions of auditor negligence. Consistent with expectations, jurors who identified more strongly with auditors (strong identifiers) levied more lenient negligence judgments to auditors than weak identifiers. These findings suggest that lay jurors demonstrate the ability to empathize with auditors. However, the significant interaction between jurors’ social identities and the firm’s level of expertise suggests that the effects of jurors’ identities on negligence verdicts may be constrained by firm characteristics.
Unusual Digital Patterns In Eps: Evidence On The Association Between Earnings Management And Company Characteristics, Charles E. Jordan, Stanley J. Clark, Mary M. Anderson
Unusual Digital Patterns In Eps: Evidence On The Association Between Earnings Management And Company Characteristics, Charles E. Jordan, Stanley J. Clark, Mary M. Anderson
Faculty Publications
Prior studies (Thomas, 1989; Das and Zhang, 2003) provide evidence of earnings manipulation to achieve cognitive reference points in EPS. The current study extends this line of research by examining the relation between unusual digital patterns in the right EPS position and specific firm characteristics. Results suggest that the propensity to manage earnings to effect desired EPS results is particularly associated with company size and to a lesser degree with operating performance and the level of debt leverage employed.
An Empirical Investigation Of The Minority Interest And Marketability Discounts In Valuation Of Closely Held Stock For Estate And Gift Tax Purposes, Ted D. Englebrecht, Mary M. Anderson, Otto Martinson
An Empirical Investigation Of The Minority Interest And Marketability Discounts In Valuation Of Closely Held Stock For Estate And Gift Tax Purposes, Ted D. Englebrecht, Mary M. Anderson, Otto Martinson
Faculty Publications
The discounts for lack of marketability and minority interest are crucial in reducing the value of transferred interests of closely held companies for estate and gift tax purposes. Because the current highest marginal estate and gift tax rate is 49%, there is a strong inducement for CPAs, Attorneys, Investment Bankers, Financial Planners, and others who value these transfers to accurately gauge the judicially allowed discounts for lack of marketability and minority interests in the valuation of closely held stock. This study examines the relationship between Tax Court determined values for lack of marketability and minority discounts to closely held stock …