时 间：2019年6月12日（周三）上午10:00
地 点：浙江大学紫金港校区行政楼702会议室
主讲人：Nan ZHOU教授，美国辛辛那提大学
主持人：董望副教授，yl23411永利
题 目：The initiation of audit committee interlocks and the contagion of accounting policy choices: Evidence from special items
摘 要：
We document that the initiation of audit committee interlocks promotes contagion of accounting policy choices, operationalized with special items reporting. We find that the special items of newly interlocked firms, though unrelated before interlock, become positively correlated afterward, which suggests that information transfer starts with interlock formation. This result holds when we examine negative special items or key components of special items (asset impairments, restructuring costs, and gains/losses from asset sales). We also find that information from larger firms is more influential in interlocks and that information transfer is more effective in interlocks formed within the same industry. Moreover, we use the SFAS 146 issuance as a natural experiment to strengthen our inference that information on flexible accounting policies had been transmitted via interlocks. With further analyses, we address two different endogeneity issues. Taken together, our evidence indicates that accounting policy choices are transmitted via audit committee interlocks.
主讲人简介：
Nan ZHOU，美国辛辛那提大学会计学Norwood and Marjorie Geis讲席教授、会计学博士项目主任。主要研究领域为审计、财务报告与公司治理。已在The Accounting Review、Journal of Accounting Research、Contemporary Accounting Research等国际顶级刊物上发表论文近20篇。担任Asian Review of Accounting、International Journal of Auditing等期刊的编委、副主编。
