中央财经大学会计学院
【2022-4-28 学术论坛】
讲座人：刘雪娇
讲座主题：Auditor Reputation Concerns, Human CapitalInvestment, and Audit Quality
主持人：李哲
摘要：This paper examines audit offices’ humancapital investment in response to a reputation loss and the resulting effect onaudit quality. We document that after client restatement announcements, auditoffices attempt to acquire human capital and talent by posting moreaudit-related job positions. The increase in job postings is concentrated amongmore senior and experienced positions, and follows restatements with negativemarket reactions. It is not driven by replacement hiring due to auditordepartures and is associated with more auditors joining the office. Auditpersonnel salaries also increase in response to client restatement announcements.These human capital investments reduce the contagion effect of low-qualityaudits and the losses in local market share, supporting improvements in auditquality and auditor reputation.
时间：2022年4月28日（周四下午），15:00-16:30
地点：腾讯会议（ID：261391530）
主讲人简介：
刘雪娇，对外经济贸易大学国际商学院教授、博士生导师。研究领域包括审计与内部控制、公司治理、高管薪酬、信息披露等。主持国家自然科学基金面上项目“审计风险评估与应对：基于新审计报告的文本分析与实证研究”、国家自然科学基金青年项目“审计事务所交互作用机制研究——基于企业集团非统一审计视角”等课题（已结题）。成果发表于Contemporary Accounting Research，Review of Accounting Studies （Forthcoming)，Journal of Corporate Finance，Journalof Business Ethics，Abacus等期刊。
北大光华会计家园
会计学系讲座（2022-04-29）
Accounting Webinar
(2022-02)
Topic: Does Board Network Discipline Narrative R&D Disclosure?
Speaker: Rong Huang, Fudan University
Time: Friday, April 29 , 10:00 -11:30 a.m. Beijing time
Location: Microsoft Teams Online Conference Room
Abstract
Prior studies document an on-average positive association between board effectiveness and corporate disclosure without considering the nature of the information. We focus on the narrative R&D disclosure, which contains highly uncertain and risky information. We expect that well-connected directors constrain narrative R&D disclosure due to their high reputational concerns and superior knowledge. Using director centrality to measure board networks and text-based R&D disclosure to measure R&D narratives, we find that firms with better-connected directors disclose less narrative R&D information. This association is stronger for firms with: (1) higher disclosure costs, (2) more opportunities to interact with directors at other firms, and (3) more director connections to institutional investors and industry peers. Our results remain robust to employing the staggered adoption of the Universal Demand laws and the Inevitable Disclosure Doctrine as quasi-natural experiments, measuring the content of narrative R&D disclosure, and using alternative measures of board networks. Collectively, our findings suggest that well-connected directors can serve as an important discipline mechanism of firms’ narrative disclosure.
Introduction
Professor Huang Rong is Lidasan Endowed Chair Professor at School of Management, Fudan University. Before joining Fudan University, she was Associate Professor at Cheung Kong Graduate School of Business, tenured Associated Professor at City University of New York-Baruch College and visiting Assistant Professor at China Europe International Business School. Professor Huang received her Ph.D. in Accounting from the University of Texas at Dallas. Her research interests include performance evaluation, compensation design, cost management, and capital markets. She has published 11papers in top accounting and management journals such as The Accounting Review, Journal of Accounting Research, Review of Accounting Studies, Contemporary Accounting Research, and Production and Operations Management. She also serves as Associate Editor of Journal of Accounting, Auditing and Finance and Editorial Board Member of Management Accounting Research. Her research received the KMPG Best Paper Award of the American Accounting Association and was featured in social media such as The Economist, Financial Times, Forbes, Harvard Law School Forum, and Columbia Law School Forum.
Professor Huang teaches PhD, EMBA,MBA, MS, and BA courses in management accounting, financial accounting, and accounting data analytics. She has provided consulting services to many companies and organizations, including the New York Institute of Finance, the Institute of Management Accountants, China National Offshore Oil Corporation and the State Administration of Foreign Experts Affairs of China.
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