近期，中央财经大学会计学院吴溪教授与其他学者合作的一篇论文拟刊发于会计学领域国际顶尖期刊Journal of Accounting and Economics。此外，梁上坤副教授、肖土盛副教授分别与其他学者合作的两篇论文被会计学领域国际顶尖期刊The Accounting Review录用。
论文与作者简介
[1] Earnings Management, Audit Adjustments, and the Financing of Corporate Acquisitions: Evidence from China
Clive Lennox, Zi-Tian Wang, Xi Wu
Journal of Accounting and Economics. Feb. 2018, Volume 65 (forthcoming)
Abstract:
Acquirers are motivated to overstate earnings prior to stock-financed acquisitions. We hypothesize that audits help to detect and correct such overstatements. We test this using a difference-in-differences design, which compares audit adjustments to earnings for stock-financed and cash-financed acquirers before versus after the acquisitions. Consistent with our hypothesis, we find larger downward adjustments in the audits immediately before stock-financed acquisitions. Further analysis of regulatory sanctions suggests the downward adjustments are in fact warranted, rather than auditors being overly conservative. Moreover, modifications in audit reports suggest that downward adjustments do not correct all of the reporting irregularities in audited financial statements.
吴溪
中央财经大学会计学院教授、博士生导师、中央财经大学学术委员会副主任委员。曾于财政部中国注册会计师协会专业标准部任职，参与我国注册会计师审计准则制定和注册会计师行业相关工作。长期致力于中国资本市场会计与审计问题研究，已在The Accounting Review、Journal of Accounting and Economics、Auditing: A Journal of Practice & Theory、Journal of Accounting and Public Policy、Accounting Horizons、The International Journal of Accounting、China Accounting and Finance Review、China Journal of Accounting Research、China Journal of Accounting Studies、《管理世界》、《会计研究》、《金融研究》、《审计研究》、《中国会计评论》等国内外高水平学术期刊发表论文近70篇，担任中国会计学会英文会刊China Journal of Accounting Studies副主编，担任Contemporary Accounting Research、International Journal of Auditing、China Journal of Accounting Research、Pacific Accounting Review、《审计研究》、《中国会计评论》编委。
[2] China’s Closed Pyramidal Managerial Labor Market and the Stock Price Crash Risk
Donghua Chen, Jeong-Bon Kim, Oliver Zhen Li, Shangkun Liang
The Accounting Review (forthcoming)
Abstract:
Managers of China's state-owned firms work in a closed pyramidal managerial labor market. They enjoy non-transferable benefits if they choose to stay within this system. The higher up are they in this labor market hierarchy (their political ranks), the fewer are their outside employment opportunities. Due to career and wealth concerns, they are cautious and risk-averse when managing firms. We examine the effect of managers' political ranks on firms' stock price crash risk and find a negative association. This association mainly exists in firms with younger managers and managers with shorter tenure. Further, this effect is only significant in regions with weak market forces, in firms without foreign investors, without political connections, and during periods with no local government leaders' or managers' political promotions. We conclude that the political ranking system reduces the stock price crash risk.
梁上坤
中央财经大学会计学院副教授，硕士生导师，入选财政部全国会计领军（后备）人才。长期致力于中国制度背景下的公司治理和公司财务问题研究，已在The Accounting Review、Asia-Pacific Journal of Accounting & Economics、China Accounting and Finance Review、China Journal of Accounting Studies、China Journal of Accounting Research、《经济研究》、《管理世界》、《管理科学学报》、《世界经济》、《中国工业经济》、《南开管理评论》、《金融研究》、《会计研究》等国内外高水平学术期刊发表论文近40篇。、财政部“中国会计学会2014年度会计学优秀论文”一等奖、江苏省“第十三届哲学社会科学优秀成果奖”二等奖等多项省部级奖励。
[3] Long-Term Impact of Economic Conditions on Auditors’ Judgment
Xianjie He, S.P. Kothari, Tusheng Xiao, Luo Zuo
The Accounting Review (forthcoming)
Abstract:
We find that economic conditions at the time an auditor enters the labor market have a long-term impact on her judgment and decision making. Specifically, engagement partners who started their career during economic downturns issue audit adjustments more frequently. For the subsample of company-years with no audit adjustments, downturn auditors are more likely to issue a modified audit opinion. In addition, companies audited by downturn auditors are less likely to violate financial reporting and disclosure regulations. Together, our findings suggest that early-career stage is a critical formative period for auditors.
肖土盛
中央财经大学会计学院副教授，硕士生导师。长期致力于中国制度背景下的公司治理与公司财务前沿问题研究，已在The Accounting Review、Journal of Corporate Finance、Emerging Markets Finance and Trade、China Accounting and Finance Review、China Journal of Accounting Research、《管理科学学报》、《管理世界》、《经济学（季刊）》、《南开管理评论》、《中国会计评论》、《财经研究》等国内外高水平学术期刊发表论文20余篇。
我院会计学科在国际学术期刊发表论文始于上世纪90年代初期。截至2018年1月，会计学院已在诸多国际知名学术期刊正式发表了三十余篇论文，其中包括会计学领域的The Accounting Review (TAR)、Journal of Accounting and Economics (JAE)、Review of Accounting Studies (RAST)、Auditing: A Journal of Practice & Theory (AJPT)、Management Accounting Research (MAR)、Journal of Accounting and Public Policy (JAPP)、Accounting Horizons (AH)、The International Journal of Accounting (TIJA)与财务学领域的Journal of Finance (JF)、Journal of Money, Credit and Banking (JMCB)、Journal of Corporate Finance (JCF)等重要学刊。
近五年来，会计学院相继在会计学与财务学国际顶尖学术期刊TAR、JAE、RAST、JF上发表或接收7篇研究成果（其中2篇录用待发表），进一步巩固和提升了我校会计学科在国际化发展中的学术影响。
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