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Audits as signals
Kotowski, Maciej; Weisbach, David A.; Zeckhauser, Richard - 2013
Persistent link: https://www.econbiz.de/10009791149
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Auditor Choice by IPO Firms in Germany : Information or Insurance Signalling?
Lenz, Hansrudi - 2016
consists of 306 firms. In the IPO context, audit quality can be used as a signal about firm value (information signalling). On … risks (insurance signalling). Larger offerings lead to increased liability and reputation risks. Our hypotheses try to … by IPO firms seems to be dominated by ‘insurance signalling', whereas ‘information signalling' seems to be of minor …
Persistent link: https://www.econbiz.de/10013001121
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PCAOB Form 2 Disclosure : A Firm-Level Signal of Audit Quality?
Buchheit, Steve - 2016
In response to Section 102(d) of the Sarbanes-Oxley Act, PCAOB Rule 2200 required annual reporting from all registered accounting firms via PCAOB Form 2. Filed for the first time during the second quarter of 2010, PCAOB Form 2 provides information about (1) each accounting firm's available human...
Persistent link: https://www.econbiz.de/10013005890
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Audits as Signals
Kotowski, Maciej H. - 2013
A broad array of law enforcement strategies, from income tax to bank regulation, involve self-reporting by regulated agents and auditing of some fraction of the reports by the regulating bureau. Standard models of self-reporting strategies assume that although bureaus only have estimates of the...
Persistent link: https://www.econbiz.de/10013077669
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Signaling versus auditing
Bester, Helmut; Lang, Matthias; Li, Jianpei - 2021
We analyze a competitive labor market in which workers signal their productivities through education à la Spence (1973), and firms have the option of auditing to learn workers’ productivities. Audits are costly and non–contractible. We characterize the trade–offs between signaling by...
Persistent link: https://www.econbiz.de/10012648090
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Self-Reported Actions, Signaling, and Auditing
Jungbauer, Thomas - 2020
In many real-world settings, an action that affects the value of a product or service is self-reported rather than publicly observable. This, in turn introduces the possibility of misrepresentation. In this paper, we propose a theoretical model of self-reporting. A sender chooses an action and...
Persistent link: https://www.econbiz.de/10012831981
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The Audit Risk Model, the Signal Detection Theory, and the Information Manipulation Theory
Elsayed, Ashraf - 2017
The Audit Risk Model. The Statement of Auditing Standard (SAS) 99, 107, and International Standards on Auditing (ISA) 240, 315, and 330 require auditors to assess fraud risk factors and materiality level (risk of material misstatement) in a client's financial statements (Bhattacharjee, Maletta,...
Persistent link: https://www.econbiz.de/10012947567
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Mixed signals : investment distortions with adverse selection
Darst, R. Matthew; Refayet, Ehraz - 2019
We study how adverse selection distorts equilibrium investment allocations in a Walrasian credit market with two-sided heterogeneity. Representative investor and partial equilibrium economies are special cases where investment allocations are distorted above perfect information allocations. By...
Persistent link: https://www.econbiz.de/10012181247
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Tickets to the global market : first US patent awards and Chinese firm exports
Gong, Kaiji; Li, Yao; Manova, Kalina; Sun, Stephen Teng - 2023
Persistent link: https://www.econbiz.de/10014436776
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On cheating and whistleblowing
Berentsen, Aleksander; Brügger, Esther; Loertscher, Simon - 2004
We study the role of whistleblowing in the following inspection game. Two agents who compete for a prize can either behave legally or illegally. After the competition, a controller investigates the agents’ behavior. This inspection game has a unique Bayesian equilibrium in mixed strategies. We...
Persistent link: https://www.econbiz.de/10011417290