Previous research analyzes the relationship between corporate social responsibility (CSR) performance and the tone of a single report. Noting that reporting attributes and financial performance may influence managers’ disclosure decisions, we investigate how CSR performance at different...

We investigate the impact of tax avoidance on managers’ tone management in Management Discussion and Analysis (MD&A), and the role of industry-specialized auditors. Using data from Chinese listed firms from 2008 to 2021, we find that tax avoidance promotes tone management, and...

We examine whether the analysts can identify the managers’ tone management behavior conveyed through the management discussion and analysis section of corporate annual reports. We find that analysts can effectively identify the managers’ upward tone management behavior and lower their...

Recent studies in managerial accounting point out that the firms do not fully ratchet up the managers' future performance targets based on their past performance. This study offers a novel theoretical perspective on the firm's executive compensation strategy that supports such latest empirical...

Prior research in management accounting has focused on the pay-performance incentive contracts to examine compensation of top executives. However, the recent economic crisis lessens the validity of the pay-for-performance argument because many executive officers continue to receive a substantial...

We examine factors influencing firms' strategic disclosure of executive pay in Korea. Because the disclosure rules in Korea do not mandate but only recommend that firms distinguish between inside executive directors and outside directors when reporting the average pay of directors, this...

We study manufacturing firms' asymmetric inventory investment in response to sales changes. Focusing on the costs of resource adjustment and stockout which likely differ in sales-increasing and sales-decreasing periods, we predict and find that inventory investment declines less during periods...