Gambling attitudes and financial misreporting

restatements financial misreporting bank loans private information.Finance theory suggests that banks have superior ability in gathering and processing information. In this paper, I test whether banks respond to financial misreporting by their client firms before this malpractice becomes known to the...

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Gambling Attitudes and Financial Misreporting - SSRN

Recent Faculty Publications in Accounting - KU Recent Faculty Publications in Accounting ... The Effects of Restatements for Misreporting on Auditor Scrutiny of ... Gambling Attitudes and Financial Misreporting. DANE M. CHRISTENSEN, CPA - Lundquist College of Business 5) “Gambling Attitudes and Financial Misreporting” o Dane Christensen, Dave Kenchington, and Keith Jones o Contemporary Accounting Research, 2018 35(3): 1229-1261 4) “Higher Highs and Lower Lows: The Role of Corporate Social Responsibility in CEO Dismissal” o Tim Hubbard, Dane Christensen, and Scott Graffin DANE CHRISTENSEN, CPA lead to misreporting, we still have a very limited understanding of the attitudes or rationalizations involved (Trompeter et al. 2012). We help fill this void by investigating whether dominant local attitudes toward gambling help explain aggressive financial reporting. Since gambling and aggressive

Local Gambling Preferences and Corporate Innovative ...

In a May 30, 2017 paper entitled “Gambling Attitudes and Financial Misreporting” , Dale Christensen of the University of Oregon, Keith Jones of the University of Kansas, and David Kenchington of Arizona State University, companies headquartered in areas where residents hold gambling-friendly attitudes are more likely to intentionally ... Gambling and Financial Misreporting | Lundquist College of ... experiencing poor financial performance; under investment-related pressure (or had been in the past) investing heavily in risky projects that have a high probability of failure. In these scenarios, Christensen noted the relationship between gambling attitudes and misreporting is even stronger. A Link Between Gambling and Financial Misreporting - WSJ Companies in gambling-friendly areas are more likely to intentionally misreport financial information, study finds.

Earnings Quality: Learning from Past Cases of Corporate …

Lottery-like stocks comove strongly with one another, and this return comovement is strongest among lottery stocks located in regions where investors exhibit stronger gambling propensity. Looking directly at investor trades, we find that investors with a greater propensity to gamble trade lottery-like stocks more actively and that those trades are more strongly correlated. Finally, we demonstrate that time variation in general gambling enthusiasm and income shocks from fluctuating economic ...

DANE M. CHRISTENSEN, CPA - Lundquist College of Business

“Gambling Attitudes and Financial Misreporting” (with Dane Christensen, University of Oregon; Keith Jones, University of Kansas) -Contemporary Accounting Research Vol. 35 No. 3 (Fall 2018) pp. 1229–1261 - Featured in the Wall Street Journal th“A Roll of the Dice On Financial Misreporting… Local Gambling Preferences and Corporate Innovative This paper examines the role of local attitudes toward gambling on corporate innovative activity. Using a county’s Catholics-to-Protestants ratio as a proxy for local gambling preferences, we find that firms located in gambling-prone areas tend to undertake riskier projects, spend more on innovation, and experience greater innovative output. Geography and the Market for CEOs | Management Science I examine the role of geography in the market for CEOs and find that firms hire locally five times more often than expected if geography were irrelevant to the matching process. This local matching bias is widespread and exists even among the largest U.S. firms. Tests reveal that both labor supply and demand influence local matching. Gambling Attitudes and Financial Misreporting by Dane M ... We investigate whether attitudes toward gambling help explain the occurrence of intentional misreporting. Similar to gambling, some financial reporting choices involve taking deliberate, speculative risks. We predict that in places where gambling is more socially acceptable, managers will be more ...

"Financial Misreporting Period and Investor Reaction to… The financial misreporting period may influence investor perception of the severity of negative earnings-related news, which in turn could impact the market's perception of investor losses associated with a lawsuit. When a firm delays the disclosure of negative earnings-related news, its stock price is... Using Incentives to Calibrate a CEO's 'Risk Appetite... Recent Wharton research examines managers' motives for misreporting financial data, and how incentives can impact what kind of risks they areBut a number of research studies have found that if a manager’s wealth is tied to share price, he or she may be more likely to misreport financial data. Accounting Complexity, Misreporting | Financial… Accounting complexity, misreporting, and the consequences of misreporting Kyle Peterson.effect of accounting complexity, misreporting, because the FASB and Securities and Exchange Commission (SEC) have both suggested complexity is a major contributor to the increased incidence of financial... Fraudulent Financial Reporting in 2018 | Definition &…