Changes in firms’ warranty payments are informative signals that enable investors to form timely expectations about potential changes in product quality. The authors’ survey shows that warranty payments affect potential investors’ product quality assessments and stock investment...

In der Kommissionierung werden anstelle von Papierlisten (Pick-by-Paper) zunehmend digitale Assistenzsysteme (AS) eingesetzt. Hierzu gehören vernetzte Armbanduhren zur Weitergabe von Auftragsdaten an das Personal während es sich im Lager bewegt, um Produkte zu entnehmen (Pick-by-Watch [PbW])....

Die vorliegende Studie vergleicht ein Pick-by-Watch (PbW)-System mit dem Pick-by-Paper (PbP)-Verfahren im Hinblick auf fünf objektiv und sieben subjektiv gemessene Dimensionen von Kommissionierleistungen in einem Laborexperiment mit 55 Teilnehmern. Uni- und multivariate Analysen sprechen...

This paper investigates whether financially constrained firms use costly audit signals to facilitate their access to external financing. We document that when facing higher financial constraints, firms pay higher audit fees and have their audit opinion reports completed sooner. The higher audit...

Many argue that the design of compensation contracts for public company chief executive officers (CEOs) is often not guided by a goal of value maximization. Yet, there is limited direct empirical evidence on the negative consequences of the proposed inefficient contracting between shareholders...

The value relevance of financial statements is of great significance to investors and standard setters. The present research examines whether accounting comparability among industry peers enhances the value relevance of earnings and book value. This is an important question because both the...

Although executives often mention signaling undervaluation as a motivation for accelerated share repurchases (ASRs), managing earnings per share (EPS) has been argued as a key alternative motivation in the financial press. The results reveal that 29 percent of ASR firms (i.e., EPS-suspect firms)...