Browsing by Author "Hassell, John M."

Now showing 1 - 7 of 7
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    Accounting education literature review (2017)
    (Elsevier, 2018-06) Apostolou, Barbara; Dorminey, Jack W.; Hassell, John M.; Rebele, James E.; Kelley School of Business - Indianapolis
    This review of the accounting education literature includes 103 articles published during 2017 in six journals: (1) Journal of Accounting Education, (2) Accounting Education, (3) Advances in Accounting Education: Teaching and Curriculum Innovations, (4) Global Perspectives on Accounting Education, (5) Issues in Accounting Education, and (6) The Accounting Educators’ Journal. We update 12 prior accounting education literature reviews by organizing and summarizing contributions to the accounting education literature made during 2017. Articles are categorized into five sections corresponding to traditional knowledge bases: (1) curriculum and instruction, (2) instruction by content area, (3) educational technology, (4) students, and (5) faculty. Research rigor of the empirical articles is discussed and critiqued. Suggestions for research in all areas are presented. Articles classified as instructional resources and cases published in the same six journals during 2017 are listed in appendices categorized by the relevant content area.
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    Accounting education literature review (2020)
    (Elsevier, 2020-06) Apostolou, Barbara; Dorminey, Jack W.; Hassell, John M.; Kelley School of Business
    This review of the accounting education literature includes 88 articles published during 2020 in five accounting education journals: (1) Journal of Accounting Education, (2) Accounting Education, (3) Advances in Accounting Education: Teaching and Curriculum Innovations, (4) Issues in Accounting Education, and (5) The Accounting Educators’ Journal. We update 15 prior accounting education literature reviews by organizing and summarizing contributions to the accounting education literature made during 2020. Articles are categorized into five sections corresponding to traditional knowledge bases: (1) curriculum and instruction, (2) instruction by content area, (3) educational technology, (4) students, and (5) faculty. We summarize the research design of the empirical articles. Suggestions for research are presented. Articles classified as cases published in the same five journals during 2020 are tabulated in an appendix categorized by content area.
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    Accounting education literature review (2022)
    (Elsevier, 2023-01-11) Apostolou, Barbara; Churyk, Natalie; Hassell, John M.; Matuszewski, Linda
    This review of the accounting education literature includes 109 articles published during 2022 in five accounting education journals: (1) Journal of Accounting Education, (2) Accounting Education, (3) Advances in Accounting Education: Teaching and Curriculum Innovations, (4) Issues in Accounting Education, and (5) The Accounting Educators’ Journal. We update 17 prior accounting education literature reviews by organizing and summarizing contributions to the accounting education literature made during 2022. Articles are categorized into five sections corresponding to traditional knowledge bases: (1) curriculum and instruction, (2) instruction by content area, (3) educational technology, (4) students, and (5) faculty. We summarize and describe the research technique of the empirical articles. Suggestions for research are presented. Articles classified as cases and instructional resources published in the same five journals during 2022 are tabulated in appendices categorized by instructional content area.
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    Auditor perceptions of client narcissism as a fraud attitude risk factor
    (2012) Johnson, Eric N.; Kuhn, John R.; Apostolou, Barbara; Hassell, John M.
    Auditing standards prescribe that the auditor should consider client management’s attitude toward fraud when making fraud risk assessments. However, little guidance is provided in the auditing standards or the existing fraud literature on observable indicators of fraud attitude. We test whether observable indicators of narcissism, a personality trait linked to unethical and fraudulent behavior, is viewed by auditors as an indicator of increased fraud attitude risk. We administered an experiment to 101 practicing auditors from one international public accounting firm who assessed fraud risk based on a scenario in which client manager narcissism (attitude) and fraud motivation were each manipulated at two levels (low and high). Our results show that narcissistic client behavior and fraud motivation are significantly and positively related to auditors’ overall fraud risk assessments. Implications of these findings for further research and the auditing profession are discussed.
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    The Effect of Macro Information Environment Change on the Quality of Management Earnings Forecasts
    (2006-08-15) Baginski, Stephen P.; Hassell, John M.; Kimbrough, Michael D.
    The 1990s were characterized by substantial increases in the performance of and investor reliance on financial analysts. Because managers possess superior private information and issue forecasts to align investors’ expectations with their own, we predict that managers increased the quality of their earnings forecasts during the 1990s in order to keep pace with the improved forward-looking information provided by financial analysts, upon which investors increasingly relied. Using a sample of 2,437 management earnings forecasts, we document an increase in management earnings forecast precision, management earnings forecast accuracy, and managers’ tendency to explain earnings forecasts in 1993-1996 relative to 1983-1986. Given that these forecast characteristics are linked to greater informativeness and credibility, we also document that the information content of management earnings forecasts, as measured by the strength of share price responses to forecast news, increased in 1993 -1996 relative to 1983-1986. As expected, the increased information content of management forecasts primarily occurred for firms covered by financial analysts.
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    The Effects of Sources of Earnings Forecasts and Degree of Source Expertise on Subjects' Estimates of Earnings per Share: A Field Experiment
    (1983) Hassell, John M.
    Motivated by previous research in accounting, finance, and psychology, this dissertation reports the results of a field experiment to determine whether two particular variables affected subjects' estimates of earnings per share. The variable used were the source of an earnings forecast and the degree of expertise of the source of the earnings forecasts. Subjects were professional employees of bank trust departments whose jobs normally entail analyzing firms and estimating the firms' future earnings per share. The research utilized Analysis of Variance (ANOVA) for statistical tests of the dependent variables. The sources of earning forecasts used in this study were financial analysts and company officials (management). Earnings forecasts issued by financial analysts and management are widely disseminated in the financial press. Abundant theoretical and empirical literature exists that supports the notion that investors use financial analyst and management earnings forecasts when making investment decisions. The question of whether investors are influenced more by financial analyst or management earnings forecasts has not been answered. This dissertation provides empirical evidence about which source of earnings forecast was more influential in one particular research setting. The second experimental variable examined in this study was a degree of expertise of the sources of the earnings forecasts. A stream of social psychology literature has dealt with the variable source credibility, of which source expertise is a component. That literature, in a variety of experimental settings, consistently has reported that source expertise is a significant variable. However, the sources used in the psychology literature ranged from non expert to expert. Both financial analysts and company officials are considered to be expert sources of earnings forecasts. Thus, this study investigated whether differences in the degree of expertise of expert sources was a significant variable. For the experimental setting used in this study, the source variable was found to be a significant variable while the degree of expertise of the source was not significant. Thus, subjects' earning per share estimates reflected a preference for one earnings forecast source (company officials) over another source (professional financial analysts). On the other hand, subjects' earnings per share estimates were not affected by the degree of expertise of the source.
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    Why do managers explain their earnings forecasts?
    (2004-03) Baginski, Stephen P.; Hassell, John M.; Kimbrough, Michael D.
    Managers often explain their earnings forecasts by linking forecasted performance to their internal actions and the actions of parties external to the firm. These attributions potentially aid investors in the interpretation of management forecasts by confirming known relationships between attributions and profitability or by identifying additional causes that investors should consider when forecasting earnings. We investigate why managers choose to provide attributions with their forecasts and whether the attributions are related to security price reactions to management earnings forecasts. Using a sample of 951 management earnings forecasts issued from 1993 to 1996, we find that attributions are more likely for larger firms, less likely for firms in regulated industries, less likely for forecasts issued over longer horizons, more likely for bad news forecasts, and more likely for forecasts that are maximum type. Furthermore, attributions are associated with greater absolute price reactions to management forecasts, more negative price reactions to management forecasts (forecast news held constant), and a greater price reaction per dollar of unexpected earnings. Our findings hold after control for the aforementioned determinants of attributions and after control for other firm- and forecast-specific variables that are often associated with security prices.