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Articles 1 - 6 of 6
Full-Text Articles in Business
Feedback’S Effect On Budgetary Slack And Self-Efficacy As Moderation Variable, Aryani Intan Endah Rahmawati, Supriyadi ,
Feedback’S Effect On Budgetary Slack And Self-Efficacy As Moderation Variable, Aryani Intan Endah Rahmawati, Supriyadi ,
Jurnal Akuntansi dan Keuangan Indonesia
This study aimed to examine the effect of positive and negative feedback on budgetary slack and the interaction between feedback and self-efficacy on budgetary slack under a condition of information asymmetry. Preliminary researches have tested various ways of mitigating budgetary slack practices, which did not separate the effects of positive and negative feedback. This study hypothesized that positive feedback minimizes the potential for budgetary slack under conditions of information asymmetry—and vice versa. Additionally, high self-efficacy reinforces positive feedback in reducing budgetary slack under conditions of information asymmetry—and vice versa. By employing experimental data, this study documented the results that positive …
Two Sides Of The Same Coin: Essays Investigating The Founder And Backer Dynamics Of Crowdfunding, Ruben Ceballos
Two Sides Of The Same Coin: Essays Investigating The Founder And Backer Dynamics Of Crowdfunding, Ruben Ceballos
Theses and Dissertations
Crowdfunding provides the opportunity for entrepreneurs to acquire capital for their projects by utilizing a platform that allows the masses to provide funds towards the completion of the project. Thus, it can be looked at as two sides of the same coin. On one side you have the entrepreneurs seeking the funds otherwise known as founders, and on the other are those that provide the funds also known as backers. The purpose of this study is to investigate what factors lead to founders successfully attaining their funding, what motivates backers to support the projects, and whether the founders can deliver …
Analysts’ Cash Flow Forecasts, Information Asymmetry, And Financing Choices Of Firms, Mengyu Ma
Analysts’ Cash Flow Forecasts, Information Asymmetry, And Financing Choices Of Firms, Mengyu Ma
FIU Electronic Theses and Dissertations
Prior research documents mixed results regarding the usefulness of cash flow forecasts. One stream of literature documents analysts provided cash flow information is associated with more accurate earnings forecasts, better accruals quality, stronger market reaction, and more precious information about future valuation. Another stream of literature claims that cash flow forecasts are a simple extension of analysts’ own earnings forecasts and are not useful. I contribute to this debate by examining potential implications of cash flow forecasts for information environment. My dissertation consists of three separate but closely related studies, which investigate how analysts’ cash flow forecasts are linked with …
Linguistic Complexity And The Post-Earnings Announcement Drift, Johnathan Youngs
Linguistic Complexity And The Post-Earnings Announcement Drift, Johnathan Youngs
DU Undergraduate Research Journal Archive
In this paper, I investigate the relationship between the verbal complexity of annual earnings announcement conference calls and the Post-Earnings Announcement Drift. I determine the degree of linguistic complexity in conference calls of large public companies in the S&P 500 using the Fog Index from computational linguistics. Consistent with my hypotheses, I find that both the timeliness and magnitude of the market’s reaction to qualitative information in annual conference calls exhibit evidence of a price drift. This research may be relevant to analysts, investors, managers, and regulators that wish to standardize how information within earnings conference calls is presented.
Consequences Of Disclosing Clinical Trial Results: Evidence From The Food And Drug Administration Amendments Act, Thomas Borveau, Vedran Capkun, Yin Wang
Consequences Of Disclosing Clinical Trial Results: Evidence From The Food And Drug Administration Amendments Act, Thomas Borveau, Vedran Capkun, Yin Wang
Research Collection School Of Accountancy
We examine how the U.S. Food and Drug Administration Amendments Act (FDAAA) of 2007, which requires additional disclosures regarding clinical trial results, impacts information asymmetry between the disclosing pharmaceutical firm and capital market participants, the general public, academics, and practitioners. We document a reduction in information asymmetry in capital markets. We also document an increase in adverse event and product problem complaint reports filed against the pharmaceutical firms to the FDA and a higher number of drug and medical device recalls for affected firms after the FDAAA enactment. Finally, cross-sectional analyses suggest that the increase in FDA complaint reports and …
Notice Risk And Registered Agency, Andrew K. Jennings
Notice Risk And Registered Agency, Andrew K. Jennings
Faculty Articles
To sue a firm is to sue an artificial person, making the most reliable service method—physically handing papers to the defendant—unusable. This problem illustrates notice risk: if a plaintiff’s service obligations are loose, it is advantaged (because the defendant may never receive notice), whereas if they are strict, the defendant is advantaged (because the plaintiff may struggle to effect service). For litigation involving corporate defendants, civil procedure and corporate law mitigate this problem through a technology for managing notice risk: registered agency. A firm using this technology, because it cannot be served directly, appoints an agent who will accept papers …