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【光华讲坛】Results-Oriented Culture and SEC Investigations(结果导向文化与SEC调查)

来源: 日期:2024-12-13作者: 浏览量:

光华讲坛


主题:Results-Oriented Culture and SEC Investigations(结果导向文化与SEC调查)

主讲人:波士顿学院卡罗尔管理学院 舒展

主持人:西南财经大学会计学院 冯源

时间:2024年12月19日(周四)10:00—11:30

地点:诚正楼650室

主办单位:数字经济重大基础理论与实践创新研究团队 新时代中国特色财务与会计理论创新与方法体系研究团队 会计学院 科研处


主讲人简介:舒展(Susan Shu),在美国罗切斯特大学获得了硕士和博士学位,会计学教授,现任职于波士顿学院卡罗尔管理学院。其研究领域包括企业信息披露、社交媒体、证券诉讼、内幕交易、IPO以及审计师-客户关系等。多项研究成果发表在The Accounting Review,Journal of Accounting and Economics,Journal of Financial Economics,Journal of Accounting Research等学术期刊。


摘要:Using an internal survey from the Securities and Exchange Commission(SEC), we find that SEC offices vary considerably in the degree to which they exhibit a results-oriented organizational culture. Motivated by this observation and the fact that government agencies are frequently maligned for being inefficient, we ask whether greater results-orientation enhances the SEC's investigative and enforcement functions. The analyses conducted in our paper uncover robust evidence that SEC offices are more likely to initiate investigations when their employees perceive these offices as being more results-oriented. However, this increase in investigations is mainly concentrated in firms that are "easier" to investigate. Further analysis also suggests that investigations opened by results-oriented offices are less likely to uncover severe violations that results in enforcement actions or Accounting and Auditing Enforcement Releases(AAERs). Overall, our results provide a first glimpse of how organizational culture influences the quality of services provided by public-sector agencies.


利用来自美国证券交易委员会(SEC)的内部调查,我们发现SEC机构在表现出以结果为导向的组织文化方面上存在很大的差异。受到这一观察的启发,以及政府机构经常被指责效率低下的事实,我们提出更大的结果导向性是否会增强SEC的调查和执法职能这一问题。研究结果分析提供了有力的证据,表明当SEC机构的员工感知到机构更加注重结果时,这些机构更有可能启动调查。然而,这种调查的增加主要集中在“更容易”调查的公司。进一步的分析表明,由结果导向型机构启动的调查不太可能发现导致执法行动或会计审计执行通告(AAERs)的严重违规行为。总体而言,我们的研究结果首次揭示了组织文化如何影响公共部门机构所提供服务的质量。