题目：Product Market Competition and Financial Accounting Misreporting
报告人：University of Texas at Dallas Prof. Daniel A. Cohen
时间：2013年7月9日（周二） 下午1:30
地点：会计学院206报告厅
摘要：
We show that, on average, the level of product market competition acts as a disciplining force constraining managers from misreporting accounting information. Further, in a quasi-natural experiment that uses shifts in import tariffs to identify exogenous intensification of competition, difference-in-difference estimations support the causal nature of the disciplining effect of competition on misreporting. Moreover, we find that the relation is stronger in industries with higher levels of financial statement comparability. Our findings are robust across alternate measures of misreporting including restatements and accounting irregularities as well as to measures of product market competition including those based on the U.S. Census data.
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