Internal Control and Management Guidance

By Mei Feng, Chan Li, Sarah E. McVay. 2009

589 citations recorded by the source corpus.

Subfields: Accounting, Management Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/fc0b2b816057daf7e7034d75f97dc6c676c697c1

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Citations in the corpus

Managerial Incentives and Management Forecast Precision (2013, methodology): “In the first stage, we follow Lennox and Park (2006) and Feng et al. (2009) in modeling the likelihood of management forecasts.”
Stock price crash risk: review of the empirical literature (2018, unknown): “…together, firms with ineffective internal control, in particular, internal control over financial reporting, disseminate less reliable financial information (Doyle, Ge, and McVay 2007a, b; Ashbaugh-Skaife, Collins, Kinney, LaFond, 2009; Feng, Li, and McVay, 2009): the primary driver of crash risk.”
The Importance of the Internal Information Environment for Tax Avoidance (2015, methodology): “26 For example, positive correlations have been documented between analyst forecast accuracy and analyst following (Lang and Lundholm, 1996), absence of material weaknesses and management forecast accuracy (Feng et al., 2009; Li et al., 2012), management forecast accuracy and analyst following (Bagi”
CEO Overconfidence and Management Forecasting (2016, unknown): “Feng et al. (2009) find that firms with material internal control weaknesses are 16 The argument that firms issue preannouncements to preempt litigation is less likely to apply in our setting because 1) earnings preannouncements are not included in our sample and 2) such disclosures are likely to…”
The effect of CEO inside debt holdings on financial reporting quality (2015, methodology): “Dichev 2002; Francis et al. 2005). The better the mapping, the higher a firm’s financial reporting quality. Francis et al. (2005) suggest that the cross-sectional Dechow and Dichev (2002) model used to attain the accruals quality measure can be improved by controlling for”
The Effect of Enterprise Systems Implementation on the Firm Information Environment (2013, methodology): “Consistent with this argument, prior research find that the presence of material weaknesses in internal control over financial reporting is negatively associated with management forecast accuracy (Feng et al. 2009; Li et al. 2011).”
Employee Quality and Financial Reporting Outcomes (2017, unknown): “H1B uses the effectiveness of internal controls over financial reporting (Feng, Li, and McVay 2009) to proxy for the quality of the firm’s mandatory disclosures.”
Internal Control Over Financial Reporting and Managerial Rent Extraction: Evidence from the Profitability of Insider Trading (2013, background): “Prior research provides evidence that firms with ineffective ICFR disseminate less reliable financial information (Doyle et al. 2007a; Ashbaugh-Skaife et al. 2008; Feng et al. 2009).”
The Bright Side of Managerial Over-Optimism (2016, background): “In a series of untabulated analyses, we find that our conclusions in Section 4.1 and 4.2 are not affected if we control for litigation risk and internal control weaknesses that are potentially related to forecast bias (Feng et al., 2009; Kim and Skinner, 2012).”
Direct and Indirect Effects of Internal Control Weaknesses on Accrual Quality: Evidence from a Unique Canadian Regulatory Setting (2011, unknown): “270-271) describes the CFI - the comparative fit index and the RMSEA - the root mean square error approximation as being the two most informative criteria for assessing model fit and Garson (2009) advocates adding the χ divided by the degrees freedom test.”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “…evidence that Section 404 disclosures are informative to investors (e.g., Doyle et al., 2007; Hammersley, 2008; Ashbaugh-Skaife et al., 2008; Feng et al., 2009) and that firms’ cost of capital increases around these disclosures (e.g., Ashbaugh-Skaife et al., 2009; Kim et al., 2011;…”
Government Procurement and Changes in Firm Transparency (2020, unknown): “3 For example, firms with internal control weaknesses tend to generate lower quality management forecasts, as managers rely on erroneous internal reports (Feng, Li, and McVay, 2009).”
Management Forecast Quality and Capital Investment Decisions (2014, unknown): “…bottleneck becomes narrower…as we move to the tops of organizations…” Supporting the role of information systems in generating high quality forecasts, Feng, Li, and McVay (2009) find that managers of firms with material weaknesses in their internal control over financial reporting provide less…”