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The purpose of this paper is to supplement and upgrade existing research on LPBF of NiTi alloys. Laser powder bed fusion (LPBF) is a promising method for fabricating nickel–titanium (Ni–Ti) alloys. It is well known that the energy density is mainly adjusted through the scanning speed and laser power. Nevertheless, there is lack in research on the effects of separately adjusting the scanning speed and laser power on the properties of the final Ni–Ti components. On the other hand, although Ni-rich Ni–Ti alloys [such as Ni54(at.%)Ti] have great potential in structural applications because of their high hardness and good shape stability, at present, there are few studies focusing on this grade of Ni–Ti alloy.

In this work, the energy density was adjusted by changing the laser power and scanning speed separately, and the corresponding process parameters were used to fabricate Ni54(at.%)Ti alloys. The formability (including the relative density, impurity content, etc.) and tensile properties of the LPBF Ni54(at.%)Ti alloys fabricated with different combinations of process parameters were analyzed.

The effects of increasing the laser power and reducing the scanning speed on the properties of the LPBF Ni54(at.%)Ti alloys and the property differences between components manufactured with different combinations of laser power and scanning speed under the same energy density were analyzed. The optimal process parameters were selected to fabricate the components that achieved the highest ultimate tensile strength of 537 MPa, a high relative density of 98.23%, a relatively low impurity content (0.073 Wt.% of carbon and 0.06 Wt.% of oxygen) and an ideal pseudoelasticity (95% recovery rate loaded at 300 MPa).

The effects of increasing the laser power and reducing the scanning speed on the properties of LPBF Ni54(at.%)Ti alloys were studied in this paper. This work is an upgrade and supplement to the existing research on fabricating Ni-rich Ni–Ti alloys by the LPBF method.

This study examines the market valuation of the unearned revenue liability reported by a sample of newspaper and magazine publishers. The evidence indicates that stock prices behave as if the unearned revenue liability represents an economic asset overall. It is further shown that the market valuation of the unearned revenue “asset” is increasing in the magnitude of advertising relative to circulation revenue. After controlling for advertising revenue inflows, reported unearned revenue is negatively related to stock price, indicating that the economic asset is valued in part on its liability characteristics. These results have direct implications for the FASB's current deliberations on revenue and liability recognition.

The purpose of this study is to examine the role of ethnic similarity in the audit partner–client manager relationship and its impact on auditor selection and retention decisions.

The authors use name matching analysis to infer ethnicity of audit partners and client managers in the US nonprofit reporting environment. The authors examine the degree of ethnic similarity (co-ethnicity) between the two parties and model auditor selection and retention decisions as a function of co-ethnicity. The authors also model reporting attributes as a function of co-ethnicity.

The authors find that the ethnic similarity between the client manager and their external audit partner is a significant determinant of auditor-client alignment. Specifically, the authors find that clients are more likely to select and retain an audit partner who is ethnically similar to the client manager. The authors find that co-ethnicity is associated with a lowered propensity to issue a going concern opinion to a financially distressed client and an increased occurrence of underreporting of fundraising and administrative expenses.

Taken together, the evidence suggests that ethnic diversity (the opposite of co-ethnicity) in the auditor-client relationship is associated with higher audit quality. These findings are relevant to client managers, audit committees and public accounting firms as they make auditor selection and reporting decisions.

Prior studies have found that co-ethnicity influences the formation and future success of various business partnerships. The auditor-client relationship is a unique setting within the business environment where the two parties must balance their desire to maintain a close relationship with their need to maintain independence. The study is the first to examine the role of ethnicity in the auditor-client relationship.

The purpose of this paper is to examine the impact hosting the Super Bowl has on audit completion and financial reporting timeliness for companies headquartered in Super Bowl hosting cities.

Using 16 years of financial reporting data, this study uses the Super Bowl and related activities, combined with required filings during “busy season,” as a natural experiment to examine how audit firms navigate short-term, exogenously imposed but anticipated, audit team capacity constraints.

Companies headquartered in a city hosting the Super Bowl, during busy season, have longer audit report lags (by approximately three days, in comparison to non-hosting busy season audits) and less timely securities and exchange commission (SEC) (10-K) filings. The authors find no evidence that Super Bowl hosting affects audit fees or earnings announcement timeliness.

When confronted with anticipated capacity shocks, audit firms take longer to complete the audit, absorbing the financial costs of the delay and maintaining audit quality, resulting in less timely financial reporting.

This study demonstrates the costs of Super Bowl-related inefficiencies and contributes to our understanding of how auditors navigate capacity shocks. This study provides evidence that auditors can effectively manage business risk and continue to facilitate providing timely and accurate information to financial statement users in the face of a capacity shock.

In recent years, the use of high performing materials, and application of additive manufacturing technology for industrial production has witnessed a steady rise and its expanse is only to increase in the future. “Selective laser melting (SLM) technique” for an exotic nickel-titanium (NiTi) shape memory alloy (SMA) is expected to a great facilitator to research in this area. The purpose of this paper is to put forth the research direction of NiTi shape memory alloy by selective laser melting.

This review also summaries and skims out the information on process equipment, adopted methodologies/strategies, effects of process parameters on important responses e.g. microstructure and comprehensive functional and mechanical properties of SLM-NiTi. In particular, the functional characteristics (i.e. shape memory effects and super-elasticity behavior), process analysis and application status are discussed.

Current progresses and challenges in fabricating NiTi-SMA of SLM technology are presented.

This review is a useful tool for professional and researchers with an interest in the field of SLM of NiTi-SMA.

This review provides a comprehensive review of the publications related to the SLM techniques of NiTi-SMA while highlighting current challenges and methods of solving them.

Banks, financial statement users, and accounting standard setters have long disagreed on the informativeness of banks’ statements of cash flows (SCFs) and there is a lack of relevant evidence in the literature. This paper examines the informativeness of the SCFs of U.S. commercial banks in two settings where SCFs are purported to be useful. The first analysis tests the incremental value relevance of banks’ SCFs beyond income statements and balance sheets and compares bank's SCFs with those of industrial firms. We find that banks’ SCFs have limited incremental value relevance, and are much less value relevant than industrial firms’ SCFs. The second analysis examines and finds no distress-predictive power of banks’ SCFs, especially in the presence of standard distress predictors. Overall, our results are consistent with the view that banks’ SCFs have limited informativeness.

The usefulness of risk disclosures (RDs) to support equity investors’ investment decisions is highly discussed. As prior research criticizes the extensive aggregation of risk information in existing empirical research, this paper aims to provide an attempt to identify disaggregated risk information associated with cumulative abnormal stock returns (CARs).

The sample consists of 2,558 RDs of companies listed in the S&P 500 index. The RDs were filed within 10 K filings between 2011 and 2017. First, this study automatically extracted 35,685 key phrases that occurred in a maximum of 1.5% of the RDs. Second, this study performed stepwise regressions of these key phrases and identified 67 (78) key phrases that show positive (negative) associations with CARs.

The paper finds that investors seem to value most the more common key phrases just below the 1.5% rarest key phrase threshold and business-related key phrases from RDs. Furthermore, investors seem to perceive key phrases that contain words indicating uncertainty (impacts) as a negative (positive) rather than a positive (negative) signal.

The research approach faces limitations mainly due to the selection of the included key phrases, the focus on CARs and the methodological choice of the stepwise regression analysis.

The study reveals the potential for companies to increase the information value of their RDs for equity investors by providing tailored information within RDs instead of universal phrases. In addition, the research indicates that the tailored RDs encouraged by the SEC contain relevant information for investors. Furthermore, the results may guide the attention of equity investors to relevant text passages whose deeper analysis might be useful with regard to investors’ capital market decisions.

This paper aims to test whether a change in the reporting location of income, and other comprehensive income (OCI) components, in a statement of comprehensive income (SoCI) under International Financial Reporting Standards affects their value-relevance and use by financial analysts.

The study tests the associations between CI, OCI, share returns and financial analyst forecast revisions.

Results show that comprehensive income is less value-relevant than net income, regardless of reporting location. Changing the reporting location of OCI components to the SoCI does not provide incremental improvement for financial analysts or stock prices. Finally, the paper finds that analysts use OCI components to revise forecasts.

The paper addresses the question of which OCI components should be reported, and the importance of reporting location. The paper extends the examination of OCI components to financial analysts as expert financial report users.