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Monopoly or Competition : Standard Setting in the Private and Public Sector

Jamal, Karim - 2014

Financial accounting standards in the U.S. are developed by private standard setting organizations (SSOs) that operate under the oversight of a government agency. The primary accounting SSO (FASB) has been criticized for writing too many standards (standards overload), the complexity of its...

Persistent link: https://www.econbiz.de/10012709185

Leader Effects in Competition Among Teams : Evidence from a Field Intervention

Casas-Arce, Pablo; Martinez-Jerez, Francisco de Asis - 2021

This paper investigates the factors that make teams successful in competitive environments. In collaboration with a medium-sized Latin-American bank, we designed a series of contests among the branches of the bank, in which we varied the prize structure of the tournaments (in some tournaments,...

Persistent link: https://www.econbiz.de/10013247842

Earnings Management, Managerial Ability, and the Role of Competition

El Diri, Malek - 2021

I contribute to the extensive earnings management literature by examining the effect of market competition on the … relationship between managerial ability and earnings management. The results show that in the face of increased competition, high … quality managers manipulate earnings via accruals rather than more costly real earnings management. As a result, competition …

Persistent link: https://www.econbiz.de/10013250533

Over-Investment and Product Market Competition

Hamamura, Jumpei; Inoue, Kento; Yoshikawa, Takeshi; … - 2021

This study uses both theory and empirical evidence to examine over-investment by managers. Based on analytical research, we find that complementary goods are an essential factor contributing to decisions regarding over-investment. Due to the complementarity of goods, an increase in the demand...

Persistent link: https://www.econbiz.de/10013251846

Product market competition and financial analysts' forecast quality : the mediating role of financial reporting quality

Iqbal, Amjad; Ali, Fayaz; Umar, Muhammad; Ullah, Irfan; … - In: Borsa Istanbul Review 22 (2022) 2, pp. 248-256

We reveal the reporting quality channel by investigating the mediating role of financial reporting quality (FRQ) in the relationship between product market competition (PMC) and analysts' forecast quality (AFQ). We analyze a sample of 1179 unique nonfinancial Chinese listed firms, resulting in...

Persistent link: https://www.econbiz.de/10013184069

Guru Dreams and Competition : An Anatomy of the Economics of Blogs

Dong, Yi - 2015

The rise of social media has encouraged guru dreams because of the low entry barrier and highly skewed distribution of public attention that characterize social media. The pursuit of guru status, however, may be achieved through information provision or cheap talk, and competition inherent to...

Persistent link: https://www.econbiz.de/10013031947

Monopoly versus Competition in Setting Accounting Standards

Jamal, Karim - 2015

Financial accounting standards are set by organizations granted a significant degree of monopoly power by various governments. While there has been considerable debate on the merits of national (e.g., US FASB) versus international (IASB) monopolies, little attention has been paid to the merits...

Persistent link: https://www.econbiz.de/10013033172

Competition in the Audit Market : Policy Implications

Gerakos, Joseph - 2015

The audit market's unique combination of features - its role in capital market transparency, mandated demand, and concentrated supply - means it receives considerable attention from policymakers. We explore the effects of two market scenarios that have been the focus of policy discussions:...

Persistent link: https://www.econbiz.de/10013035353

CEO Overconfidence and Overinvestment under Product Market Competition

Yu, Chia-Feng (Jeffrey) - 2015

How does product market competition influence whether CEOs with greater or lower levels of overconfidence are hired and whether CEOs overinvest in innovation? In a Cournot model in which firms hire a CEO to take charge of research and development (R&D) investment and production decisions, this...

Persistent link: https://www.econbiz.de/10013035922

The Spillover Effects of MD&A Disclosures for Real Investment : The Role of Product Market Competition

Durnev, Art - 2015

We explore the association between a company's investments and the tone of its peers' MD&A disclosures; we ask whether the direction and the strength of this association is affected by product market competition. We find that the direction of the association can differ according to whether...

Persistent link: https://www.econbiz.de/10013037337