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Articles 1 - 25 of 25
Full-Text Articles in Accounting
Five Types Of Interest Expense, Three Sets Of New Rules, Larry Witner, Tim Krumwiede
Five Types Of Interest Expense, Three Sets Of New Rules, Larry Witner, Tim Krumwiede
Accounting Department Faculty Journal Articles
Individual taxpayers are subject to different rules for deducting different types of interest expense. The five primary types of interest for individual taxpayers are student loan interest, qualified residence indebtedness interest, investment interest, business interest, and personal interest. The law known as the Tax Cuts and Jobs Act temporarily introduced new rules for years after 2017 for qualified residence indebtedness interest, investment interest, and business interest. For 2018 through 2025, the acquisition indebtedness limit on the qualified residence indebtedness deduction has been lowered to $750,000 for loans incurred after Dec. 15, 2017, and the separate deduction for home-equity indebtedness has …
Portfolio Liquidity And Share Turnover Of Closed-End Mutual Funds, Charles P. Cullinan, Xiaochuan Zheng, Elena Precourt
Portfolio Liquidity And Share Turnover Of Closed-End Mutual Funds, Charles P. Cullinan, Xiaochuan Zheng, Elena Precourt
Accounting Department Faculty Journal Articles
We examine the relationship between the liquidity of the portfolios of closed-end mutual funds and the share turnover of closed-end funds' shares. We find that the portfolio liquidity/share turnover relationship is contingent upon the nature of the funds' shareholders. For funds with mainly smaller shareholders, there is a negative relationship between portfolio liquidity and share turnover, suggesting that smaller investors are more likely to hold shares of these funds to avoid the transaction costs associated with trading. However, as more institutional investors hold fund shares, portfolio liquidity is positively associated with share turnover.
Cash Flow Training And Improved Microfinance Outcomes, Marc J. Epstein, Kristi Yuthas
Cash Flow Training And Improved Microfinance Outcomes, Marc J. Epstein, Kristi Yuthas
Business Faculty Publications and Presentations
Despite its promise as a powerful tool for alleviating poverty, research suggests that microfinance has had only a modest impact on development. Misallocation of funds by clients has been implicated as a major impediment to microfinance success. In this study, clients received training on how to track (but not manage) their cash flows during the first two meetings of the microfinance loan cycle. Examination of weekly cash flow shows that clients immediately invested the majority of their funds into the businesses and carefully managed revenues and expenditures to maintain sufficient food and other household expenditures throughout the loan cycle. It …
دور فجوة الهو ةٌ التنظ مٌ ةٌ ف ز اٌدة سلوك العمل المنحرف دراسة تحل لٌ ةٌ لآراء ع نٌة من العامل نٌ ف معمل سمنت الكوفة, عامر علي حسين العطوي, خيرية عبد فضل الخالدي
دور فجوة الهو ةٌ التنظ مٌ ةٌ ف ز اٌدة سلوك العمل المنحرف دراسة تحل لٌ ةٌ لآراء ع نٌة من العامل نٌ ف معمل سمنت الكوفة, عامر علي حسين العطوي, خيرية عبد فضل الخالدي
Muthanna Journal of Administrative and Economics Sciences
المستخلص يهدف هذا البحث إلى اختبار دور فجوة الهوية التنظيمية في زيادة سلوك العمل المنحرف لعينة من العاملين في معمل سمنت الكوفة , إذ تم توزيع (307) استمارة استبيان على العاملين ورؤساء الأقسام في معمل سمنت الكوفة. وبعد تفحص الاستمارات المسترجعة استبعدت (15) استمارة لعدم صلاحيتها وعدم تحقيق الشروط المطلوبة للإجابة عن الاستبيان، وبذلك يكون عدد الاستمارات الصالحة للدراسة والتحليل (292) استمارة. يضم مفهوم فجوة الهوية التنظيمية متغيرين هما خصائص هوية المنظمة الحالية وخصائص هوية المنظمة المثالية او المرغوبة اما متغير سلوك العمل المنحرف فيتكون من ثلاث أبعاد رئيسة هي: سلوك العمل المنحرف تجاه المنظمة، و سلوك العمل المنحرف تجاه …
دور فجوة الهو ةٌ التنظ مٌ ةٌ ف ز اٌدة سلوك العمل المنحرف دراسة تحل لٌ ةٌ لآراء ع نٌة من العامل نٌ ف معمل سمنت الكوفة, عامر علي حسين العطوي العطوي, عبد فضل الخالدي
دور فجوة الهو ةٌ التنظ مٌ ةٌ ف ز اٌدة سلوك العمل المنحرف دراسة تحل لٌ ةٌ لآراء ع نٌة من العامل نٌ ف معمل سمنت الكوفة, عامر علي حسين العطوي العطوي, عبد فضل الخالدي
Muthanna Journal of Administrative and Economics Sciences
المستخلص يهدف هذا البحث إلى اختبار دور فجوة الهوية التنظيمية في زيادة سلوك العمل المنحرف لعينة من العاملين في معمل سمنت الكوفة , إذ تم توزيع (307) استمارة استبيان على العاملين ورؤساء الأقسام في معمل سمنت الكوفة. وبعد تفحص الاستمارات المسترجعة استبعدت (15) استمارة لعدم صلاحيتها وعدم تحقيق الشروط المطلوبة للإجابة عن الاستبيان، وبذلك يكون عدد الاستمارات الصالحة للدراسة والتحليل (292) استمارة. يضم مفهوم فجوة الهوية التنظيمية متغيرين هما خصائص هوية المنظمة الحالية وخصائص هوية المنظمة المثالية او المرغوبة اما متغير سلوك العمل المنحرف فيتكون من ثلاث أبعاد رئيسة هي: سلوك العمل المنحرف تجاه المنظمة، و سلوك العمل المنحرف تجاه …
The Moderating Effect Of Perceived Ethical Leadership On Reduced Audit Quality Behaviors, Kimberly J. Webb
The Moderating Effect Of Perceived Ethical Leadership On Reduced Audit Quality Behaviors, Kimberly J. Webb
Accounting Dissertations - Archive
As auditors perform the audit, they are faced with many decisions that ultimately affect the quality of the audit and can lead to the issuance of an improper audit opinion such as accepting weak management explanations without corroborating evidence, superficial review of client documentation, premature sign off of audit procedures, or underreporting of time spent on audit task. In this study, I investigate the impact of the perceived ethical leadership (EL) of the audit supervisor upon the auditor's propensity to engage in reduced audit quality (RAQ) acts. This question is of particular interest considering the renewed focus placed upon audit …
Real Earnings Management, Habitually Meeting/Closely Beating Analysts' Forecasts, And Firms' Long-Term Economic Performance, Fanghong Jiao
Real Earnings Management, Habitually Meeting/Closely Beating Analysts' Forecasts, And Firms' Long-Term Economic Performance, Fanghong Jiao
Accounting Dissertations - Archive
Real earnings management (REM) has gained more attention due to its more extensive application than that before the enactment of Sarbanes-Oxley Act (SOX). Analysts' earnings forecast is an important benchmark for both the investors and the managers. Gunny (2010) finds that the signaling of future prospects overcomes the possibility of opportunism in firms that occasionally use REM to meet/closely beat benchmarks. However, the effect of repeatedly using REM to meet/beat earnings benchmarks has not been explored. This paper examines the long-term economic performance (Tobin's Q) of firms that utilize REM to habitually meet/closely beat analysts' earnings forecasts (HabitMBE). The results …
Tax Receivable Agreements In Initial Public Offerings: An Analysis Of The Innovation Incorporated In Ipo Agreements, Amy Foshee Holmes
Tax Receivable Agreements In Initial Public Offerings: An Analysis Of The Innovation Incorporated In Ipo Agreements, Amy Foshee Holmes
Accounting Dissertations - Archive
A Tax Receivable Agreement (TRA) is a binding commitment between a newly public firm and the firm's founders to include a tax-sharing arrangement, obligating the IPO firm to make annual cash payments to the pre-IPO owners. The opportunity for shared tax benefits arises when the pre-IPO owners sell equity and achieve a step-up in basis of assets for the IPO firm. The newly created tax assets and the prior existing tax assets can offset future taxable income at ordinary corporate tax rates. This tax-sharing arrangement will typically provide for payments of 85 percent of the tax savings. This type of …
The Interactions Between Real Earnings Management And Short Selling Activity, Yu Zhang
The Interactions Between Real Earnings Management And Short Selling Activity, Yu Zhang
Accounting Dissertations - Archive
This study builds on two streams of literature that recently draw the attention of researchers: real earnings management (REM) and short selling. Graham et al. (2005) reports that managers choose REM over accounting methods to manage earnings. The survey results suggest that REM is likely to be more prevalent than accrual-based earnings management, and should deserve more attention from academic research. Short selling has become a big concern to researchers due to the recent financial crisis and the combat against naked short sales. I empirically test how short sellers trade on firms' REM information, and whether short selling activity can …
Agency Costs, Ceo Compensation, And Leasing Activities, Linying Zhou
Agency Costs, Ceo Compensation, And Leasing Activities, Linying Zhou
Accounting Dissertations - Archive
Various elements in firms' capital structures have been documented to be associated with conflicts of interests among shareholders, creditors, and managers. In this paper, I hypothesize that the use of leases affects manager incentives and mitigates the conflicts of interests between shareholders and bondholders. I test this hypothesis by examining whether leasing shares in the capital structure are associated with CEO pay-performance sensitivity. My results show that a firm's leasing share is positively associated with its CEO's pay-performance sensitivity, suggesting that leasing activities reduce the agency cost of debt financing. My results remain robust after controlling for recognized mechanisms of …
An Exploration Of The Associations Among Corporate Sustainability Performance, Corporate Governance, And Corporate Financial Performance, Wenxiang Lu
Accounting Dissertations - Archive
This study examines the relationship between corporate governance and corporate sustainability performance (CSP), the relationship between corporate sustainability performance and corporate financial performance (CFP), and whether corporate governance moderates the CSP-CFP relationship. Corporate governance plays an important role in monitoring and counselling management's decision making including strategic sustainability investing. The study analyzes a sample of over 400 of the largest U.S. companies to examine corporate sustainability performance and corporate governance jointly. Four attributes of boards of directors are examined: board size, board independence, CEO duality, and female directors. The results show that all four board attributes are positively associated with …
Overvaluation And Stock Price Crashes: The Effects Of Earnings Management, Qunfeng Liao
Overvaluation And Stock Price Crashes: The Effects Of Earnings Management, Qunfeng Liao
Accounting Dissertations - Archive
Prior literature has shown that managers have incentives to opportunistically and selectively withhold bad news from investors because of career concerns, compensation contracts, litigation risks, earnings targets, and empire building. In their 2006 paper, Jin and Myers develop the “Bad News Hoarding” theory which suggests that when managers conceal bad news for extended periods of time, negative information is likely to get stockpiled within the firm. When managers’ incentives for hiding bad news collapse or when the accumulation of bad news reaches a critical threshold level, all of the hitherto undisclosed negative firm-specific shocks become public at once, resulting in …
The Role Of Individual Attributes In Earnings Management Intention Decisions, Janet R. Jones
The Role Of Individual Attributes In Earnings Management Intention Decisions, Janet R. Jones
Accounting Dissertations - Archive
Much research has been conducted, at the firm level, to investigate the market effect of earnings management. However, there is a gap in the literature on individual attributes that may help to explain earnings management decisions. Of the research at individual level research that is available the focus is primarily on the motives of the Chief Executive Officer or top executive teams and not the Chief Financial Officer (CFO). The limited research focusing on the CFO has produced conflicting results with regard to the motivations and decisions of the CFO to engage in earnings management, this conflict in findings stems …
Fundamental Signals, Future Earnings And Security Analysts' Efficient Use Of Fundamental Signals During 1991 Through 2008, Sherwood Lane Lambert
Fundamental Signals, Future Earnings And Security Analysts' Efficient Use Of Fundamental Signals During 1991 Through 2008, Sherwood Lane Lambert
Accounting Dissertations - Archive
This dissertation builds upon one of the foundation articles in Fundamental Analysis, written by Abarbanell and Bushee [1997] (AB-97), that studied the relationship of fundamental signals (combinations of items reported in the financial statements) to future accounting earnings during 1983-1990. Guided by fundamental financial and managerial/cost accounting concepts, this study adds fundamental signals to the AB-97 earning-signals model. The added fundamental signals include proxies for operating leverage, market share, markup, and total manufacturing costs. A revised ("Experimental") long-term growth variable is introduced that allows for negative EPS (loss) values in the geometric mean growth rate computation. The expanded model is …
Social Exchange And Post-Employment Citizenship: Evidence From Public Accounting, David N. Herda
Social Exchange And Post-Employment Citizenship: Evidence From Public Accounting, David N. Herda
Accounting Dissertations - Archive
In this study I examine why some ex-employees more than others choose to benefit their former firm (post-employment citizenship). The study is based on social exchange theory and involves former employees of a Big Four accounting firm. Among individuals who left the firm voluntarily, post-employment citizenship was found to be predicted by a two-phase social exchange relationship between employees and the firm, and the two-phases, represented by during-employment perceived organizational support and during-employment organizational commitment, partially mediated the relationship between during-employment organizational fairness and post-employment citizenship. For layoff victims, I extend Brockner, Tyler, and Cooper-Schneider's (1992) research on the interaction …
The Internal Control Provisions Of Sarbanes-Oxley Act And Quality Of Interim Earnings, Lei Han
The Internal Control Provisions Of Sarbanes-Oxley Act And Quality Of Interim Earnings, Lei Han
Accounting Dissertations - Archive
This study examines the change in the quality of interim earnings around the enactment of Sarbanes-Oxley Act (SOX) and whether the change differs between interim and annual earnings by focusing on the impact of internal control provisions. In particular, two hypotheses are tested in this study. First, the quality of interim earnings improves after the SOX. Second, the gap in earnings quality between annual and interim reporting decreases after the SOX. Prior research indicates that the quality of interim earnings is lower because managers have more discretion in interim reporting and interim earnings are only subject to review which involves …
Is There Predictive Value In The Words Managers Use? A Key Word Analysis Of The Annual Report's Management Discussion And Analysis., Gene Brooks Elrod
Is There Predictive Value In The Words Managers Use? A Key Word Analysis Of The Annual Report's Management Discussion And Analysis., Gene Brooks Elrod
Accounting Dissertations - Archive
This study examines whether managers use linguistic style (i.e. optimistic and pessimistic tone) in the Management Discussion and Analysis (MD&A) section of the annual report to the SEC, Form 10-K, to provide information about expected future firm performance to the investors and whether market prices (investors) respond to these disclosures. Textual analysis software, Diction 5.0, is used to measure optimistic and pessimistic tone of MD&A for the year 2002 for 423 manufacturing firms. Previous research similar to this study found evidence that managers use linguistic style or tone to reveal information to financial statement users through their textual releases in …
Managers' Forecast Guidance In Earnings Surprises Around Employee Stock Option Reissues, Jin Dong Park
Managers' Forecast Guidance In Earnings Surprises Around Employee Stock Option Reissues, Jin Dong Park
Accounting Dissertations - Archive
Option repricing, the practice of canceling underwater options and reissuing options with a lower exercise price, has often been considered an effective mechanism to restore the incentive effects of stock options. Since December 15, 1998, the effective date of FIN No.44, firms have initiated option exchange program as a new form of repricing. Under the new option exchange program, most firms cancel underwater options on a specified date and then reissue options at the first business day that is six months and one day later in order to avoid variable accounting for option repricing. I conjecture that this feature of …
Is Sfas 142 A Good Opportunity For Firms To Manage Earnings?, Fu-Jen Hsiao
Is Sfas 142 A Good Opportunity For Firms To Manage Earnings?, Fu-Jen Hsiao
Accounting Dissertations - Archive
SFAS 142 eliminates the goodwill amortization and replaces it with an annual impairment test. This new accounting rule also provides the guidelines for firms to report their transition goodwill write-offs through a one-time below-the-line special item. After the one year transition period, any goodwill write-offs would be reported as operating expenses. This study analyzes the goodwill reporting behaviors in firms with in-process research and development (IPR&D firms) and examines whether IPR&D restated firms take advantage of this one-time below-the-line earnings management opportunity during the SFAS 142 transition period. In addition, this study examines the association between IPR&D firms' transition goodwill …
A Study Of Foreign Earnings Management Using An Empirical Distribution Approach, Nancy Manzhen Fan
A Study Of Foreign Earnings Management Using An Empirical Distribution Approach, Nancy Manzhen Fan
Accounting Dissertations - Archive
Effective January 1, 1998, SFAS 131 changed the way managers voluntarily disclose business, geographic and operating segments of their companies. Reporting geographic segments is specifically related to the reporting of overseas operations of multinational companies. This study analyzes the possibility of earnings management in foreign earnings and how SFAS 131 might have changed the patterns of foreign earnings distribution. I use an empirical distribution approach outlined by Burgstahler and Dichev (1997) in examining whether foreign earnings are managed to avoid earnings decreases and losses. Results show that foreign earnings are managed to avoid losses but not earnings decreases. In addition, …
Does Shareholder-Sponsored Corporate Governance Proposal Matter? The Case Of Executive Compensation, Xu Wang
Does Shareholder-Sponsored Corporate Governance Proposal Matter? The Case Of Executive Compensation, Xu Wang
Accounting Dissertations - Archive
This study investigates the role of shareholder-sponsored corporate governance proposals in monitoring top management compensation. In particular, I test whether theories of agency costs, corporate governance, and optimal contracting can explain why shareholders submit executive-pay proposals, and examine the economic consequences of these shareholder proposals for the targeted firms. I find that firms are more likely to receive performance-oriented shareholder executive-pay proposals when the firms have higher agency costs, stronger shareholder rights, or higher unexpected executive compensation. Shareholder executive-pay proposals gain more voting support from shareholders if the proposals are performance-oriented (than non-performance-oriented), sponsored by pension or union funds (than …
Lead Directorship, Corporate Governance, And Firm Performance, Bo Ouyang
Lead Directorship, Corporate Governance, And Firm Performance, Bo Ouyang
Accounting Dissertations - Archive
This dissertation empirically explores the role of the lead directorship in the corporate governance system and strives to empirically examine the association between the lead directorship and firm performance. I measure firm performance by three empirical proxies: Tobin's Q, returns on assets (ROA) and stock returns. I explore the research question on the relationship between lead directorship and firm performance in both cross-sectional and inter-temporal contexts. The sample consists of S & P 500 firms from 2001 to 2004 that have all the required financial, stock returns, and other relevant information. Overall, the empirical results of both cross-sectional and inter-temporal …
The Pricing And Determinants Of The Discretionary Component Of Employee Stock Option Value, Chii Shyan Kuo
The Pricing And Determinants Of The Discretionary Component Of Employee Stock Option Value, Chii Shyan Kuo
Accounting Dissertations - Archive
In this study, I first re-examine the pricing effect of employee stock option (ESO) value. I find a negative association between ESO value and share price, supporting the view that investors view ESO value as an expense of the firm. Further, I find a negative relation between the nondiscretionary component of ESO value (i.e., the expected ESO value) and stock price; this finding indicates that markets view the full ESO value as well as the nondiscretionary component of ESO value as an expense of the firm. Additionally, I find the discretionary component of ESO value (i.e., the unexpected ESO value) …
Enterprise Resource Planning Productivity Function:The Impact Of Ceo Holdings And Horizon And Implementation Characteristics, Husain Yousef Alyousef
Enterprise Resource Planning Productivity Function:The Impact Of Ceo Holdings And Horizon And Implementation Characteristics, Husain Yousef Alyousef
Accounting Dissertations - Archive
The productivity of Enterprise Resource Planning (ERP) systems has been discussed in several other studies in the past decade. Those studies utilized several research methodologies, including case studies, surveys and archival data. The results were largely consistent with the theoretical predictions that ERP implementation enhances firm productivity. The only exceptions were the results of studies that were conducted using financial archival data as a measure of productivity. This study predicts that the exceptional findings of the previous studies in the ERP-productivity relationship are due to the failure to consider several important factors: CEO equity holdings and horizon, timing of the …
The Effects Of Incentives And Audits On Transfer Price Negotiations In A Deflationary Context, Sakthi Mahenthiran
The Effects Of Incentives And Audits On Transfer Price Negotiations In A Deflationary Context, Sakthi Mahenthiran
Scholarship and Professional Work - Business
This laboratory experiment investigates the effects of a performance incentive scheme and financial audit threats on transfer price negotiations. Three hypotheses are developed, based on a review of transfer pricing, budget-goal setting, incentive, and auditing literatures. Experimental data are gathered over multiple periods of negotiations from forty-eight students, and are analyzed using repeated measure ANOVA. The outcome measured is firm profits. The results show that bonus incentive scheme and audit threats have no effect on firm profits. However, the interaction between the performance based bonus incentive scheme and an audit threat is significant. With both management controls, bonus incentive and …