Contemporary Accounting Research最新文献

Audit partner achievement drive and audit quality 审计合伙人业绩驱动和审计质量

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-10-10 DOI: 10.1111/1911-3846.70012

Peter Clarkson, Ru (Tina) Gao, Fang Hu, Yi Xiang

引用次数: 0

Differential Inflationary Pressures on Low- and High-Income Groups: Individuals, Firms, and Rising Inequality 低收入和高收入群体的不同通胀压力：个人、企业和日益加剧的不平等

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2026-01-29 DOI: 10.1111/1911-3846.70024

Byung Hyun Ahn, Scott Joslin, Yaniv Konchitchki

{"title":"Differential Inflationary Pressures on Low- and High-Income Groups: Individuals, Firms, and Rising Inequality","authors":"Byung Hyun Ahn, Scott Joslin, Yaniv Konchitchki","doi":"10.1111/1911-3846.70024","DOIUrl":"https://doi.org/10.1111/1911-3846.70024","url":null,"abstract":"<div>\u0000 \u0000 <p>We study the implications of inflation heterogeneity for individuals and firms through the lens of accounting research, applying measurement frameworks to the national accounting measurement of inflation. We first examine the systematic exposure of individuals in low-income households to higher inflation relative to those in high-income households. We show that this “inflation gap” is linked with future rising inequality in the form of widening gaps in healthcare insurance, education, homeownership, and credit card debt, as well as in a higher frequency of property crimes. We also provide an economic mechanism connecting the inflation gap with rising inequality, empirically demonstrating the role of basic goods in reducing the ability of individuals in the low-income group to attain the social and economic implications that we study. In addition, we show a channel that connects the inflation gap to firms' profitability. Indeed, consistent with the inflation gap disadvantaging low-income households mainly through basic goods, the inflation gap fluctuations are especially strongly connected to the profitability of firms operating in the energy and consumer staples sectors. Finally, we find that market power plays a role in this connection, where this link is even stronger for firms with high market power. Taking its findings together, the paper shows that differential inflation pressures have major implications for household well-being and corporate profitability.</p>\u0000 </div>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"534-574"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147570245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The informativeness of consolidated and parent-only earnings to investors: Evidence from India 对投资者而言，合并收益和仅为母公司收益的信息量：来自印度的证据

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-11-07 DOI: 10.1111/1911-3846.70013

Sudhakar V. Balachandran, Sudershan Kuntluru, Hariom Manchiraju, Sumeet Rajput

{"title":"The informativeness of consolidated and parent-only earnings to investors: Evidence from India","authors":"Sudhakar V. Balachandran, Sudershan Kuntluru, Hariom Manchiraju, Sumeet Rajput","doi":"10.1111/1911-3846.70013","DOIUrl":"https://doi.org/10.1111/1911-3846.70013","url":null,"abstract":"<p>We examine whether earnings from parent-only financial statements are incrementally informative to those from consolidated financial statements. We use a unique mandate in India that requires firms to provide both consolidated and parent-level financial statements, since currently neither US GAAP nor IFRS mandates this level of disaggregation. While disaggregation provides additional information, it also imposes costs, raising the empirical question of whether its benefits outweigh the costs. Our analyses reveal that disaggregated quarterly earnings components inform investors, with investors placing more weight on parent-level unexpected earnings than on subsidiaries' unexpected earnings. We do not find evidence of mispricing associated with disaggregation; rather, the higher weight on the parent's earnings reflects higher persistence, consistent with semi-strong market efficiency. Moreover, parent earnings provide incremental informativeness, especially in the context of poor earnings quality and high mergers and acquisitions intensity. Our results endure when we examine annual parent- and subsidiary-level earnings, where available, in 98 countries around the world. Our results contribute to the literature on disaggregation in accounting and earnings informativeness in equity markets, offering insights that may influence regulatory considerations on the usefulness of financial statement disaggregation.</p>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"236-265"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.70013","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563889","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Impact of Disclosure on Diversity: Evidence From the Canada Business Corporations Act 信息披露对多样性的影响：来自加拿大商业公司法的证据

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-11-23 DOI: 10.1111/1911-3846.70018

Thomas Bourveau, Xingchao Gao, Ole-Kristian Hope

引用次数: 0

Can individual auditors' career advancements predict audit partner quality? 个别审计师的职业发展能否预测审计合伙人的质量？

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-10-21 DOI: 10.1111/1911-3846.70014

Joseph A. Micale

{"title":"Can individual auditors' career advancements predict audit partner quality?","authors":"Joseph A. Micale","doi":"10.1111/1911-3846.70014","DOIUrl":"https://doi.org/10.1111/1911-3846.70014","url":null,"abstract":"<p>This mixed-methods study investigates whether individual auditors' career advancements to more prestigious audit firms can predict their audit quality. Using hand-collected data on more than 2,000 audit partners from professional networking website profiles, I identify audit partners with advancements from less to more prestigious audit firms and empirically test whether these upward trajectories predict audit partner quality. I find that these audit partners provide higher-quality audits, as evidenced by discretionary accruals and going-concern opinions. These results are robust to audit partner changes, entropy balancing, and other sensitivity analyses. Moreover, clients of these partners report more conservative financial statements. The qualitative results from 10 semistructured audit partner interviews indicate that audit partners enter the auditing labor market at less prestigious firms due to both internal factors (e.g., late entry into the job market, location preferences) and external factors (e.g., poor market conditions/recessions or lack of Big N recruitment). In fact, their choice to make upward advancements results from both work considerations, such as limited growth opportunities, feeling unchallenged in their previous roles, and the desire to specialize, alongside nonwork considerations, such as audit firm culture and reducing commute/travel time for client work. Taken together, the evidence suggests that these significant upward career transitions represent market corrections of initial auditing labor markets and that such transitions may be of interest to investors, regulators, audit committees, and academics.</p>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"136-168"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.70014","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147567951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Lost in Evaluation: The Intricacies of First- and Second-Order Evaluations in Auditors' Promotion Committees in the Big 4 Audit Firms 迷失在评价中：四大审计事务所审计师晋升委员会一阶和二阶评价的复杂性

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-11-27 DOI: 10.1111/1911-3846.70022

Claire Garnier, Sébastien Stenger, Thomas Roulet

{"title":"Lost in Evaluation: The Intricacies of First- and Second-Order Evaluations in Auditors' Promotion Committees in the Big 4 Audit Firms","authors":"Claire Garnier, Sébastien Stenger, Thomas Roulet","doi":"10.1111/1911-3846.70022","DOIUrl":"https://doi.org/10.1111/1911-3846.70022","url":null,"abstract":"<p>The evaluation of auditors in the Big 4 audit firms has largely remained a “black box” in accounting and audit research. Little is known about how these processes operate within audit firms or how they relate to promotion decisions. This study addresses this gap by providing direct insight into promotion committee decision-making. Drawing on the sociology of evaluation, we develop an analytical model to map this process, highlighting the role of collective deliberation, the interplay between first- and second-order evaluations, and the feedback effects of evaluation. Empirically, we rely on a unique multi-method qualitative data set that focuses on the micro-level dynamics of auditor evaluation and promotion. Our data includes non-participant observation of two promotion committees in the Paris office of a Big 4 firm, complemented by 61 interviews. The findings show that auditors' evaluations are not solely based on pre-assessments made by their direct supervisors but emerge through collective negotiation. This negotiation produces second-order judgments that determine the auditors' final rankings. In these deliberations, the supervisor's voice and the political dynamics among supervisors carry significant weight. We conclude that the evaluation process hinges less on auditors' intrinsic professional qualities than on how managers' evaluative judgments are themselves assessed. These findings generate both empirical and theoretical contributions to the literature on auditing as a profession and on social evaluation.</p>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"370-397"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.70022","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147569726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Unintended Effects of the TCJA's Interest Deduction Limitation on the Supply Chain TCJA的利息扣除限制对供应链的非预期影响

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-11-27 DOI: 10.1111/1911-3846.70021

Terry Shevlin, Aruhn Venkat, Il Sun Yoo

{"title":"The Unintended Effects of the TCJA's Interest Deduction Limitation on the Supply Chain","authors":"Terry Shevlin, Aruhn Venkat, Il Sun Yoo","doi":"10.1111/1911-3846.70021","DOIUrl":"https://doi.org/10.1111/1911-3846.70021","url":null,"abstract":"<div>\u0000 \u0000 <p>We examine the effects of the 2017 Tax Cuts and Jobs Act's (TCJA) interest deduction limitation on suppliers. Using a difference-in-differences design, we find that suppliers with customers subject to the limitation (“affected suppliers”) report increased accounts receivable of between 11.2% and 14.9% relative to their pre-TCJA average accounts receivable. Using a triple differences design, we provide more granular evidence by documenting that the limitation's effects on affected suppliers' accounts receivable are driven by suppliers with customers that report increased trade credit use (i.e., higher accounts payable). In cross-sectional analyses, we find that the effects are stronger when suppliers are smaller, have higher peer product similarity, operate in industries with low entry barriers, or are in the early stage of their life cycle, consistent with suppliers with weaker bargaining power providing more trade credit to customers compared to other suppliers. Turning to supplier consequences of increased accounts receivable, we find that affected suppliers' days sales outstanding and operating cycles increase. Next, we use path analyses to find that affected suppliers experience lower cash flows and higher risks due to their increased accounts receivable. Overall, our study provides evidence that the interest deduction limitation yielded externalities on affected firms' supply chains.</p>\u0000 </div>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"341-369"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147569850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

On the valuation implications of unbundled disclosure 论非捆绑披露对估值的影响

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-10-08 DOI: 10.1111/1911-3846.70010

Xue Jia, Jeroen Suijs

{"title":"On the valuation implications of unbundled disclosure","authors":"Xue Jia, Jeroen Suijs","doi":"10.1111/1911-3846.70010","DOIUrl":"https://doi.org/10.1111/1911-3846.70010","url":null,"abstract":"<p>Firms with multiple pieces of information can disclose the information concurrently (bundled disclosure) or sequentially (unbundled disclosure). This paper examines the pricing implications of (un)bundled disclosure in a rational expectations equilibrium model. The model considers a firm whose liquidating cash flow consists of two components. Some investors possess private information about one component (e.g., earnings) and all investors are uninformed about the other component (e.g., unexpected events). We analyze three disclosure policies. In bundled disclosure, both cash flow components are disclosed concurrently; in unbundled disclosure, the informed cash flow component is disclosed early, and the uninformed component is disclosed later; and in alternative unbundled disclosure, the uninformed component is disclosed early, and the informed component later. We find that the disclosure policy influences the cost of capital prior to any disclosure through a risk allocation effect and a price informativeness effect. Unbundled disclosure results in a lower cost of capital compared to bundled disclosure, as it improves risk allocation and enhances the informativeness of the stock price prior to any disclosure. However, for alternative unbundled disclosure, the cost of capital can be higher or lower than that of the other disclosure policies. This is because late disclosure of the informed cash flow component alters investors' risk exposure to the noisy supply of shares, thereby influencing the risk allocation and price informativeness effects.</p>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"39-68"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.70010","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147564220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Collective identity and the coalescence of an expert occupational community: The case of the Canadian tax profession 集体认同与专家职业群体的融合：以加拿大税务行业为例

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2025-10-14 DOI: 10.1111/1911-3846.70011

Till-Arne Hahn, Darlene Himick

{"title":"Collective identity and the coalescence of an expert occupational community: The case of the Canadian tax profession","authors":"Till-Arne Hahn, Darlene Himick","doi":"10.1111/1911-3846.70011","DOIUrl":"https://doi.org/10.1111/1911-3846.70011","url":null,"abstract":"<p>Although the community of tax professionals is a key actor in the tax realm, its nature continues to remain elusive in many countries. Using a qualitatively driven mixed-methods approach that integrates the insights obtained from in-depth interviews and the results of a survey of practitioners, we examine the Canadian tax field. Although tax work has traditionally been dominated by lawyers and accountants, our study finds that a distinct expert occupation has taken shape, as evidenced by the collective identification of those working full-time in the area. Theoretically, we show how individuals can effectively generate an occupational community through their collective identification with it and how professions that do not fit the ideal type or that are in the process of emerging may be understood. The concepts of boundary erasure and boundary emergence are introduced as variants of boundary blurring and boundary making to explain how boundaries in a professional field may be reconfigured, allowing for the emergence and informal closure of occupations. Advancing the understanding of occupational groups that have not yet embraced the professional project, our study offers insight into why some forms of expertise might not professionalize in the traditional way. Overall, the findings have implications for research on tax professionals as well as for efforts to govern their work.</p>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"101-135"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.70011","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147565920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do Audit Partner and Audit Committee Member Ideologies Influence Engagement Partner Selection and Financial Reporting Oversight Effectiveness? 审计合伙人和审计委员会成员的意识形态是否影响审计业务合伙人选择和财务报告监督的有效性？

IF 3.8 3区管理学

Contemporary Accounting Research Pub Date : 2026-03-07 Epub Date: 2026-01-23 DOI: 10.1111/1911-3846.70026

Robert Felix, Sattar Mansi, Mikhail Pevzner, Timothy Seidel

{"title":"Do Audit Partner and Audit Committee Member Ideologies Influence Engagement Partner Selection and Financial Reporting Oversight Effectiveness?","authors":"Robert Felix, Sattar Mansi, Mikhail Pevzner, Timothy Seidel","doi":"10.1111/1911-3846.70026","DOIUrl":"https://doi.org/10.1111/1911-3846.70026","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines whether the ideological orientation of the audit partner and audit committee members—defined as their personal belief systems and inclinations, including their attitude toward risk, ambiguity, and novelty—has an impact on engagement partner selection and the effectiveness of oversight in the financial reporting process. Drawing on prior evidence that the two main US political parties reflect different ideologies, we hand-collect political donation data to construct ideological scores for audit partners and audit committee members. Our findings highlight several intriguing relationships. First, audit committees are more likely to select an ideologically dissimilar partner. Second, greater ideological dissimilarity between these two key monitors is associated with higher financial reporting quality. The effects of financial reporting quality are most pronounced among more effective audit committees and when audit partners have longer tenure with the client. These effects are incremental to both social connections between the audit partner and audit committee and to ideological differences between these parties and the CEO and CFO. Overall, the results support the notion that ideological dissimilarity between audit partners and audit committees can foster effective oversight of the financial reporting process. Moreover, ideological dissimilarity appears to be a useful and rational cue in audit partner selection decisions.</p>\u0000 </div>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"43 1","pages":"432-460"},"PeriodicalIF":3.8,"publicationDate":"2026-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147568363","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0