The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform
Mark E Peecher - One of the best experts on this subject based on the ideXlab platform.
-
how do auditors weight informal contrary advice the Joint Influence of advisor social bond and advice justifiability
The Accounting Review, 2013Co-Authors: Kathryn Kadous, Justin Leiby, Mark E PeecherAbstract:ABSTRACT: Auditors frequently seek informal advice from peers to improve judgment quality, but the conditions under which advice improves auditor judgment are poorly understood. We predict and find evidence of a trust heuristic among auditors receiving advice from advisors with whom they share a social bond. This heuristic is evident among non-specialists, who weight advice according to its justifiability when it is received from a weaker social bond advisor, but fail to objectively assess the quality of advice received and weight it heavily when it comes from a stronger social bond advisor, regardless of its justifiability. Specialists, while less prone to the trust heuristic in advice weighting, show inconsistencies in advice weighting and their assessments of advice quality. In particular, specialists discount better justified advice from stronger social bond advisors, despite rating this advice as being of relatively high quality. This defensiveness likely arises from an aversive social comparison pro...
-
how do auditors weight informal contrary advice the Joint Influence of advisor social bond and advice justifiability
Social Science Research Network, 2012Co-Authors: Kathryn Kadous, Justin Leiby, Mark E PeecherAbstract:Auditors frequently seek informal advice from peers to improve judgment quality, but the conditions under which advice improves auditor judgment are poorly understood. We predict and find evidence of a trust heuristic among auditors receiving advice from advisors with whom they share a social bond. This heuristic is especially evident among non-specialists, who weight advice according to its justifiability when it is received from a weaker social bond advisor, but fail to objectively assess the overall quality of advice received and weight it heavily when it comes from a stronger social bond advisor, regardless of its justifiability. Specialists, while less prone to the trust heuristic in advice weighting, show inconsistencies in advice weighting and their assessments of advice quality. In particular, specialists discount better justified advice from stronger social bond advisors, despite rating this advice as being of relatively high quality. This defensiveness likely arises from an aversive social comparison process attributable to the high ego-relevance of a task within one’s specialization. Future research is warranted to corroborate or refute this possibility.
-
expected mispricing the Joint Influence of accounting transparency and investor base
Journal of Accounting Research, 2010Co-Authors: Brooke W Elliott, Susan D Krische, Mark E PeecherAbstract:We examine how accounting transparency and investor base Jointly affect financial analysts' expectations of mispricing (i.e., expectations of stock price deviations from fundamental value). Within a range of transparency, these two factors interactively amplify analysts' expectations of mispricing—analysts expect a larger positive deviation when a firm's disclosures more transparently reveal income-increasing earnings management and the firm's most important investors are described as transient institutional investors with a shorter-term horizon (low concentration in holdings, high portfolio turnover, and frequent momentum trading) rather than dedicated institutional investors with a longer-term horizon (high concentration in holdings, low portfolio turnover, and little momentum trading). Results are consistent with analysts anticipating that transient institutional investors are more likely than dedicated institutional investors to adjust their trading strategies for near-term factors affecting stock mispricings. Our theory and findings extend the accounting disclosure literature by identifying a boundary condition to the common supposition that disclosure transparency necessarily mitigates expected mispricing, and by providing evidence that analysts' pricing judgments are Influenced by their anticipation of different investors' reactions to firm disclosures.
Kathryn Kadous - One of the best experts on this subject based on the ideXlab platform.
-
how do auditors weight informal contrary advice the Joint Influence of advisor social bond and advice justifiability
The Accounting Review, 2013Co-Authors: Kathryn Kadous, Justin Leiby, Mark E PeecherAbstract:ABSTRACT: Auditors frequently seek informal advice from peers to improve judgment quality, but the conditions under which advice improves auditor judgment are poorly understood. We predict and find evidence of a trust heuristic among auditors receiving advice from advisors with whom they share a social bond. This heuristic is evident among non-specialists, who weight advice according to its justifiability when it is received from a weaker social bond advisor, but fail to objectively assess the quality of advice received and weight it heavily when it comes from a stronger social bond advisor, regardless of its justifiability. Specialists, while less prone to the trust heuristic in advice weighting, show inconsistencies in advice weighting and their assessments of advice quality. In particular, specialists discount better justified advice from stronger social bond advisors, despite rating this advice as being of relatively high quality. This defensiveness likely arises from an aversive social comparison pro...
-
how do auditors weight informal contrary advice the Joint Influence of advisor social bond and advice justifiability
Social Science Research Network, 2012Co-Authors: Kathryn Kadous, Justin Leiby, Mark E PeecherAbstract:Auditors frequently seek informal advice from peers to improve judgment quality, but the conditions under which advice improves auditor judgment are poorly understood. We predict and find evidence of a trust heuristic among auditors receiving advice from advisors with whom they share a social bond. This heuristic is especially evident among non-specialists, who weight advice according to its justifiability when it is received from a weaker social bond advisor, but fail to objectively assess the overall quality of advice received and weight it heavily when it comes from a stronger social bond advisor, regardless of its justifiability. Specialists, while less prone to the trust heuristic in advice weighting, show inconsistencies in advice weighting and their assessments of advice quality. In particular, specialists discount better justified advice from stronger social bond advisors, despite rating this advice as being of relatively high quality. This defensiveness likely arises from an aversive social comparison process attributable to the high ego-relevance of a task within one’s specialization. Future research is warranted to corroborate or refute this possibility.
Prathap Ramamurthy - One of the best experts on this subject based on the ideXlab platform.
-
the Joint Influence of albedo and insulation on roof performance a modeling study
Energy and Buildings, 2015Co-Authors: Prathap Ramamurthy, Keith Rule, Elie BouzeidAbstract:Abstract The advanced Princeton Roof Model (PROM) is evaluated and then applied to quantify the heat transferred through various modular roof structures over an entire year. The goal is to identify an optimal combination of roof reflectivity and insulation thickness that will reduce energy consumption and minimize cost. Meteorological data gathered over the Northeastern United States (Princeton, NJ) is used to force PROM. Our results reveal that for new constructions or for retrofits in the region, an R8.4 (around 46 cm thick roof insulation) white roof (assumed albedo = 0.6 or greater) would significantly reduce the combined heating and cooling load attributable to the roofs. The wintertime penalty of white roofs is also shown to be insignificant compared to their summertime benefits. The findings are pertinent to many other densely populated areas with comparable climates where, despite a much higher number of heating versus cooling degree-days, white roofs are overall advantageous. A cost optimization analysis found that doubling, tripling and quadrupling the insulation thickness from the baseline case of 5.08 cm (2 in.), at an albedo of 0.45, requires 13, 17 and 19 years, respectively, to recover the additional cost incurred.
-
the Joint Influence of albedo and insulation on roof performance an observational study
Energy and Buildings, 2015Co-Authors: Prathap Ramamurthy, Keith Rule, Elie BouzeidAbstract:Abstract This article focuses on understanding the temperature and heat flux fields in building roofs, and how they are modulated by the interacting Influences of albedo and insulation at annual, seasonal and diurnal scales. High precision heat flux plates and thermocouples were installed over multiple rooftops of varying insulation thickness and albedo in the Northeastern United States to monitor the temperature and the heat flux into and out of the roof structures for a whole year. Our analysis shows that while membrane reflectivity (albedo) plays a dominant role in reducing the heat conducted inward through the roof structures during the warmer months, insulation thickness becomes the main roof attribute in preventing heat loss from the buildings during colder months. On a diurnal scale, the thermal state of the white roof structures fluctuated little compared to black roof structures; membrane temperature over white roofs ranged between 10 °C and 45 °C during summer months compared to black membranes that ranged between 10 °C and 80 °C. Insulation thickness, apart from reducing the heat conducted through the roof structure, also delayed the transfer of heat, owing to the thermal inertia of the insulation layer. This has important implications for determining the peak heating and cooling times.
Justin Leiby - One of the best experts on this subject based on the ideXlab platform.
-
how do auditors weight informal contrary advice the Joint Influence of advisor social bond and advice justifiability
The Accounting Review, 2013Co-Authors: Kathryn Kadous, Justin Leiby, Mark E PeecherAbstract:ABSTRACT: Auditors frequently seek informal advice from peers to improve judgment quality, but the conditions under which advice improves auditor judgment are poorly understood. We predict and find evidence of a trust heuristic among auditors receiving advice from advisors with whom they share a social bond. This heuristic is evident among non-specialists, who weight advice according to its justifiability when it is received from a weaker social bond advisor, but fail to objectively assess the quality of advice received and weight it heavily when it comes from a stronger social bond advisor, regardless of its justifiability. Specialists, while less prone to the trust heuristic in advice weighting, show inconsistencies in advice weighting and their assessments of advice quality. In particular, specialists discount better justified advice from stronger social bond advisors, despite rating this advice as being of relatively high quality. This defensiveness likely arises from an aversive social comparison pro...
-
how do auditors weight informal contrary advice the Joint Influence of advisor social bond and advice justifiability
Social Science Research Network, 2012Co-Authors: Kathryn Kadous, Justin Leiby, Mark E PeecherAbstract:Auditors frequently seek informal advice from peers to improve judgment quality, but the conditions under which advice improves auditor judgment are poorly understood. We predict and find evidence of a trust heuristic among auditors receiving advice from advisors with whom they share a social bond. This heuristic is especially evident among non-specialists, who weight advice according to its justifiability when it is received from a weaker social bond advisor, but fail to objectively assess the overall quality of advice received and weight it heavily when it comes from a stronger social bond advisor, regardless of its justifiability. Specialists, while less prone to the trust heuristic in advice weighting, show inconsistencies in advice weighting and their assessments of advice quality. In particular, specialists discount better justified advice from stronger social bond advisors, despite rating this advice as being of relatively high quality. This defensiveness likely arises from an aversive social comparison process attributable to the high ego-relevance of a task within one’s specialization. Future research is warranted to corroborate or refute this possibility.
Elie Bouzeid - One of the best experts on this subject based on the ideXlab platform.
-
the Joint Influence of albedo and insulation on roof performance a modeling study
Energy and Buildings, 2015Co-Authors: Prathap Ramamurthy, Keith Rule, Elie BouzeidAbstract:Abstract The advanced Princeton Roof Model (PROM) is evaluated and then applied to quantify the heat transferred through various modular roof structures over an entire year. The goal is to identify an optimal combination of roof reflectivity and insulation thickness that will reduce energy consumption and minimize cost. Meteorological data gathered over the Northeastern United States (Princeton, NJ) is used to force PROM. Our results reveal that for new constructions or for retrofits in the region, an R8.4 (around 46 cm thick roof insulation) white roof (assumed albedo = 0.6 or greater) would significantly reduce the combined heating and cooling load attributable to the roofs. The wintertime penalty of white roofs is also shown to be insignificant compared to their summertime benefits. The findings are pertinent to many other densely populated areas with comparable climates where, despite a much higher number of heating versus cooling degree-days, white roofs are overall advantageous. A cost optimization analysis found that doubling, tripling and quadrupling the insulation thickness from the baseline case of 5.08 cm (2 in.), at an albedo of 0.45, requires 13, 17 and 19 years, respectively, to recover the additional cost incurred.
-
the Joint Influence of albedo and insulation on roof performance an observational study
Energy and Buildings, 2015Co-Authors: Prathap Ramamurthy, Keith Rule, Elie BouzeidAbstract:Abstract This article focuses on understanding the temperature and heat flux fields in building roofs, and how they are modulated by the interacting Influences of albedo and insulation at annual, seasonal and diurnal scales. High precision heat flux plates and thermocouples were installed over multiple rooftops of varying insulation thickness and albedo in the Northeastern United States to monitor the temperature and the heat flux into and out of the roof structures for a whole year. Our analysis shows that while membrane reflectivity (albedo) plays a dominant role in reducing the heat conducted inward through the roof structures during the warmer months, insulation thickness becomes the main roof attribute in preventing heat loss from the buildings during colder months. On a diurnal scale, the thermal state of the white roof structures fluctuated little compared to black roof structures; membrane temperature over white roofs ranged between 10 °C and 45 °C during summer months compared to black membranes that ranged between 10 °C and 80 °C. Insulation thickness, apart from reducing the heat conducted through the roof structure, also delayed the transfer of heat, owing to the thermal inertia of the insulation layer. This has important implications for determining the peak heating and cooling times.
