会议号:650 112 70046

随着new datasets和multimodal information在会计与财务应用的大量拓展，会计研究面临着新的巨大的挑战。立足与公司财务相关的新数据集和多模态信息披露，在分析企业多模态信息发展及其驱动因素，总结有关数字信息、文本信息、图像信息、音视频信息会计研究的基础上，结合学术界开始初步尝试的双模态信息融合利用的会计研究，基于信息验证、信息互补、信息增强三大功能，探讨如何透过企业多模态信息融合利用，以克服其海量、多噪音、碎片化、非结构化特征的高维信息问题，思考企业多模态信息融合利用会计研究的主要潜在方向及其挑战，为实现各模态信息间的信息验证、互补和增强,以及基于主要应用场景的企业多

We examine the role of accounting information in incentive compensation vis-à-vis its role in valuation. Bushman, Engel and Smith [2006] show that the compensation importance of earnings is related to the valuation importance of earnings. In this study, we seek to understand the congruence between t

基于个人投资者的交易和持股行为，构建了一个新的个人投资者意见分歧指标，并探究了影响个人投资者意见分歧程度的因素以及个人投资者意见分歧对于股票市场的影响。实证结果表明，公司基本面特征和个人投资者特征可以共同解释个人投资者之间意见分歧程度。个人投资者意见分歧与股票未来收益之间存在显著的负相关关系，并且随着卖空限制的放松，两者之间的负相关关系减弱。

会议号:629 111 20149

We examine the desirability of accounting uniformity in a setting where investors allocate investment across firms with heterogeneous productivity. We show that without regulation, firms’ voluntary choices of accounting methods may not lead to suboptimal resource allocation and social value. We then

The new accounting standard requires that financial institutions provision for lifetime expected losses on their loan portfolios. We develop a model for estimating long-term expected loan losses that incorporates a wide range of bank- and aggregate level predictors of future losses. The model combin

This paper examines whether and how foreign joint venture brokerages in China are impacted by two entry barriers: (1) ownership restriction barrier that discourages foreign partners from sharing superior technical capabilities with domestic partners, and (2)institutional barrier that prevents the jo

This paper investigates how firms’ labor skill heterogeneity affects dividend payout policy. Building on the literature’s finding that it is more costly to hire, retain, and layoff skilled labor, we hypothesize that firms relying more on skilled labor are more cautious in setting their dividend poli

We investigate how a social planner designs prudential regulations under the CECL model. We set up a model to incorporate two central roles of banks in the economy: credit supply to the real sector (that is, bank loans, the bank asset) and liquidity provision to households (that is, bank deposits, t

This paper examines the equity loan supply for short-selling. Using detailed stock lending data, we show that active equity funds, on average, are informed stock lenders. The stocks they lend outperform those that they do not. The stocks they recall and sell perform worse in the future than those

We examine factors that affect the timeliness of misstatement discovery at the individual audit partner level using data from Taiwan that disclose both audit firm names and audit partner names. Employing the duration of a misstatement as an inverse proxy for the timeliness of misstatement discove