scholarly journals Manipulative Games of Gifts by Corporate Executives

2016 ◽  
Author(s):  
Sureyya Burcu Avci ◽  
Cindy A. Schipani ◽  
H. Nejat Seyhun
Keyword(s):  
Corporate Executives

Clients' Workplace Environment and Corporate Audits

2017 ◽  
Vol 36 (4) ◽  
pp. 89-113 ◽  
Author(s):  
Minjie Huang ◽  
Adi Masli ◽  
Felix Meschke ◽  
James P. Guthrie
Keyword(s):  
Audit Fees ◽  
Risk Assessments ◽  
Audit Report ◽  
Accounting Firms ◽  
Workplace Environment ◽  
Workplace Satisfaction ◽  
Going Concern ◽  
Corporate Executives ◽  
Workplace Environments ◽  
Jel Classifications

SUMMARY We obtain a novel dataset of workplace satisfaction ratings submitted by about 100,000 employees working for large public U.S. companies. We document that lower workplace ratings are associated with higher audit fees and longer audit report lags. Lower workplace ratings also increase the likelihood of firms receiving modified going concern opinions. Our study shows that organizational workplace environments affect auditor risk assessments and auditing outcomes and provide insights for practicing auditors and corporate executives. Our interviews with practicing auditors at large U.S. accounting firms also provide insights as to how workplace quality affects the corporate audit. JEL Classifications: G3; J28; M14; M42.

Disciplinary power in corporate governance: A Foucauldian analysis of the emergence and development of proxy advisors

2021 ◽  
pp. 103237322098623
Author(s):  
Damien Lambert
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Historical Analysis ◽  
General Meeting ◽  
Global Scale ◽  
Disciplinary Power ◽  
Record Keeping ◽  
Corporate Executives ◽  
Proxy Advisors ◽  
Foucauldian Analysis

Prior research in corporate governance has extensively investigated the mechanisms through which a variety of actors (financial analysts, investment managers, shareholder activists) monitor and discipline corporate executives. However, one recently emerged actor has received little attention so far: the proxy advisory firm. Mobilising Foucault’s concept of disciplinary power, this study uses historical analysis to examine the role of proxy advisors in corporate governance. This article shows that proxy advisors actively contributed to developing and implementing disciplinary mechanisms. This involves (1) hierarchical observations of corporations and their executives on a global scale. These observations are made available to institutional investors on proxy advisors’ voting platforms which have Panopticon-like features; (2) normalisation of judgements through the provision of generic voting policies, generic voting recommendations and corporate governance ratings prepared by proxy advisors and delivered to many institutional investors; (3) ritualised examination of the performance of corporations and of their executives during the annual general meeting, including record-keeping of all past voting results.

The Evolving Concept of the Japanese Security Strategy

2021 ◽  
pp. 648-658
Author(s):  
Yoko Nitta
Keyword(s):  
Information Security ◽  
National Security ◽  
Critical Infrastructure ◽  
Action Plan ◽  
Global Risk ◽  
Security Strategy ◽  
Corporate Executives ◽  
Foreign State ◽  
Prime Concern ◽  
Present Information

This chapter studies how the significant cyberattacks perpetrated against the Japan Pension Services (JPS) served to heighten awareness of the significance of cyber threats among political and corporate executives. According to the Japanese cybersecurity strategy, cyberattacks constitute a global risk and remain a prime concern for the development of appropriate countermeasures. As a result, Japan has regarded the strengthening of cybersecurity as a priority and outlined this to the National Security Council in 2014. At present, information security institutions in Japan are chaperoned by the cybersecurity strategy headquarters, which aims to promote constructive and efficient cybersecurity policies. In addition, Japan has implemented its third action plan on information security for critical infrastructure and revised its cybersecurity strategy in 2015. By working in partnership with countries around the world, Japan pursues its own national security as well as the peace and stability of the international community. International cooperation and partnerships also contribute to the international campaign against cyberattacks, especially those in which foreign state actors may be implicated.

scholarly journals Are Women Really Less Competitive Than Men? Career Duration in Nordic and Alpine Skiing

2021 ◽  
Vol 5 ◽  
Author(s):  
Bernd Frick ◽  
Katharina Moser
Keyword(s):  
Labor Markets ◽  
Competitive Environment ◽  
Alpine Skiing ◽  
Random Assignment ◽  
Men And Women ◽  
Corporate Executives ◽  
Career Length ◽  
Self Selection ◽  
Using Data ◽  
Nordic Skiing

Do women shy away from competition while men compete too much? The available, mostly experimental evidence generally supports these assumptions. However, in contrast to laboratory settings, labor markets do not have random assignment of workers. Instead, individuals—professional athletes and corporate executives—self-select into specific occupations. Using data from Alpine and Nordic skiing over 52 and 37 years respectively, we show that career length of men and women is virtually identical. Thus, when adequately controlling for self-selection into a highly competitive environment, differences between men and women with respect to competitiveness completely disappear.

scholarly journals Forecasting, Reporting, And Coping With Systematic Risk

2011 ◽  
Vol 3 (2) ◽  
pp. 24
Author(s):  
Gail E. Farrelly ◽  
Marion G. Sobol
Keyword(s):  
Risk Factors ◽  
Interest Rate ◽  
Interest Rates ◽  
Inflation Rate ◽  
Systematic Risk ◽  
Fortune 500 ◽  
Corporate Executives ◽  
Systematic Risk Factors ◽  
And Coping

A sample of 123 corporate executives, from the Fortune 500 Industrial Corporations list, evaluate nine common systematic risk factors such as rate of inflation, long-term interest rates, level of money supply, price of crude oil, etc. Executives indicate their views on the significance of these risk factors as well as their ability to cope with, and report on, these factors. Future interest rate changes and inflation rate changes are considered to be the most significant risks. There is a high negative correlation between the significance of particular risks and the ability to cope with these risks.

scholarly journals Earnings Management: The Role Of Accounting Professionals

2011 ◽  
Vol 1 (3) ◽  
Author(s):  
Paul J. Carruth
Keyword(s):  
Earnings Management ◽  
Financial Markets ◽  
Financial Reporting ◽  
Vital Role ◽  
Securities And Exchange Commission ◽  
Accounting Fraud ◽  
Earnings Expectations ◽  
Corporate Executives ◽  
Accounting Professionals

In todays financial markets there is a great deal of pressure for corporations to meet investors earnings expectations. Failure to do so may result in the loss of millions of dollars in stock capitalization. As a result, an increasing number of corporate executives have succumbed to the temptation to manage their earnings in order to achieve targeted profits. The number of companies under investigation by the Securities and Exchange Commission (SEC) for possible accounting fraud related to earnings management has increased significantly in recent years. This article identifies and discusses four common areas of potential financial reporting abuse: restructuring costs, miscellaneous reserve accounts, materiality, and manipulation of revenue recognition. In addition, this paper discusses the vital role of accounting professionals as gatekeepers responsible for helping to maintain the viability of our financial markets.

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