The Standard Industrial Classification (SIC) code that a firm uses in its SEC EDGAR filings often differs from the code assigned by Compustat. Using 96,240 firm-year observations of U.S. public firms from 1996 through 2024, we find that the two sources disagree for 34.3% of firm-years, with disagree

We find that linguistic vagueness in analyst reports primarily reflects analysts’ limited firm-specific understanding arising from information uncertainty. Vagueness is higher for firms with greater information uncertainty and for analysts who are less experienced, face heavier workload constraints

We provide early evidence on the SEC’s most recent compensation reform—the Pay Versus Performance (PvP) disclosure rules. Using a sample of 652 U.S. public firms, our analysis shows that 97% of firms select accounting-based metrics as their firm-specific PvP measure - defined as the firm’s

This study demonstrates the economic value of expanding government data collection through central bank digital currency (CBDC) adoption, as reflected in corporate patenting responses. Exploiting the staggered rollout of the electronic Chinese yuan (e-CNY), we find that firms in pilot cities substan

We examine the role of income tax incentives in U.S. firms’ international physical trade flows. The Tax Cuts and Jobs Act of 2017 fundamentally changed the U.S.’s international tax policy, with an important objective of improving U.S. competitiveness and exports. We evaluate whether this tax reform

中美企业集团发展的历史、制度和学术理论存在差异，本文尝试对此进行系统梳理、对比和讨论，以此管窥中国企业集团治理的实践和对应的自主知识构建可能性。首先梳理参照系，回顾美国1888年以来企业集团40年兴起和20年消亡的发展历程，以及对应形成的学术理论。在此基础上，整理中国改革开放以来企业集团发展的政策和历程，重点对比美国，分析中国企业集团实践和学术研究中子公司的性质差异、功能差异、风险差异，进而探讨针对我国企业集团存在的问题如何进行策略性治理。

This study examines the impact of state-level adoptions of pay transparency laws (PTLs) on mortgage loan origination and performance. PTL adoptions allow coworkers to openly discuss salaries in the workplace. Within the banking sector, mortgage officers typically belong to the lower-ranked income gr

We conduct an experiment with Big-Four audit partners and managers to examine how experienced auditors make key audit matter (KAM) decisions based on information about audit adjustment and management disclosure. We predict and find that audit partners are less likely to include an accounting issue a

We introduce a novel measure of Expected Earnings Smoothness (EES) derived from analyst forecasts. Compared to the traditional backward-looking smoothness measure, EES demonstrates superior predictive power for future earnings volatility. Firms with higher expected earnings volatility—after controll

Prior literature consistently finds that restricting managers’ discretion within GAAP-based financial statements most often prevents managers from conveying information, resulting in less useful metrics, notwithstanding theoretical benefits from limiting opportunism. We examine a setting where the o

【讲座时间】2025年10月13日 15:00【讲座地点】会计学院109报告厅【讲座主题】Maintaining high quality reporting in a rapidly changing environment【嘉宾介绍】Dr Andreas Barckow, IASB Chair安德烈亚斯・巴尔考 博士，国际会计准则理事会主席Dr Andreas Barckow is an experienced and highly regarded leader in the field of international accounting. From 2015 to 2021, h

Information technology (IT) innovation is one of the top priorities for executives to attain and sustain competitive advantages. At the same time, pursuing IT innovation is fraught with risk, unpredictability, and complexities, which requires an increased importance of executives' engagement and the