In this study, we separate institutional investors into the categories of transient, dedicated, and quasi-indexer and examine whether the ownership percentages of these different types of institutional investors are associated with the accuracy of analysts' earnings forecasts. We hypothesize a...

Businesses increasingly outsource organizational functions that have financial reporting implications which requires auditors to adjust their risk assessment and audit procedures for this practice. However, PCAOB inspection reports cite deficiencies indicating that external auditors frequently...

This study examines the impact of SFAS No.141 on business combination reporting. Specifically, I predict smaller analysts' earnings forecast errors as a result of elimination of pooling and more informative disclosures for merging firms after the adoption of SFAS No. 141. I restrict my post-SFAS...

We examine the impact of informal cultural attributes, such as generalized trust and civic cooperation in a society, on the presence of Big N auditors and audit fees in country-specific audit markets. On one hand, because societies with higher trust and civic cooperation are associated with low...

We introduce the concept of fraud morality, validate such conceptualization by prior studies in economics and criminology as well as by our own independent tests, and explore the relationship of fraud morality with numerous cultural attributes using data from the World Values Survey. Applying...

This study examines the impact of SFAS 141 on earnings predictability of merging firms. I expect a relative improvement in analysts' earnings forecast accuracy for merging firms versus non-merging peers after SFAS 141 adoption. I restrict the post-SFAS 141 sample to the initial year of SFAS 141...