Contemporary Accounting Research最新文献_第5页

Governmentality, counter-conduct, and modes of governing: Accounting and the pursuit of municipal sustainable waste management 治理，反行为和治理模式：会计和追求城市可持续废物管理

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-03-03 DOI: 10.1111/1911-3846.13026

Thomas Ahrens, Laurence Ferry

{"title":"Governmentality, counter-conduct, and modes of governing: Accounting and the pursuit of municipal sustainable waste management","authors":"Thomas Ahrens, Laurence Ferry","doi":"10.1111/1911-3846.13026","DOIUrl":"https://doi.org/10.1111/1911-3846.13026","url":null,"abstract":"Recent research into the uses of accounting as a technology of government has used Foucault's notion of “counter-conduct” to shed light on various ways in which the governed can seek to alter the regimes to which they are subjected. This paper unpacks the notion of counter-conduct further in order to develop a clearer conceptualization of how regimes of government can change over time, with or without clearly identifiable attempts by the governed to influence such changes. We develop our argument based on a longitudinal field study of sustainable waste management practices in a municipality in the English East Midlands. We track the municipality's attempts to become more sustainable in the context of an evolving central government performance management regime that went through a series of legislative and administrative iterations—namely, Best Value, Comprehensive Performance Assessment, and Comprehensive Area Assessment. We conceptualize these iterations of central performance management and the related changes in local government practices and technologies of governing as a series of overlapping “modes of governing” (Bulkeley et al., 2007, Environment and Planning A, 39(11), 2733–2753). We suggest that accounting research can benefit from the notion of modes of governing because it sheds light on the theoretically expected, but empirically underresearched, copresence of multiple rationales, programs, and technologies of governing, all operating at the same time.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 2","pages":"985-1012"},"PeriodicalIF":3.2,"publicationDate":"2025-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206595","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

Institutional dual-holders and corporate disclosures: A natural experiment 机构双重持有者和公司信息披露：一个自然实验

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-03-03 DOI: 10.1111/1911-3846.13022

Lin Cheng, Qiang Cheng, Liwei Weng, Mark Yuzhi Yan

引用次数: 0

Evidence on the decision usefulness of fair values in business combinations 关于企业合并中公允价值决策有用性的证据

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-02-24 DOI: 10.1111/1911-3846.13024

James J. Blann, John L. Campbell, Jonathan E. Shipman, Zac Wiebe

{"title":"Evidence on the decision usefulness of fair values in business combinations","authors":"James J. Blann, John L. Campbell, Jonathan E. Shipman, Zac Wiebe","doi":"10.1111/1911-3846.13024","DOIUrl":"https://doi.org/10.1111/1911-3846.13024","url":null,"abstract":"Statement of Financial Accounting Standards (SFAS) 141 (Accounting Standards Codification [ASC] 805) requires that firms record identifiable assets and liabilities acquired in business combinations at fair value. While the FASB argued that these fair values should provide users with incremental decision-useful information, opponents have continuously argued that they are too difficult to reliably estimate and could be subject to managerial discretion. Using hand-collected data from US mergers and acquisitions, we find that, on average, fair value adjustments predict future cash flows incrementally beyond pre-deal book values and cash flows, goodwill, and other firm and deal characteristics. We also find that the relation between fair value adjustments and future cash flows varies predictably based on several factors that affect managers' ability and incentives to provide accurate estimates. Furthermore, despite prevailing concerns about their usefulness, we find that fair values for intangible assets predict future cash flows, on average. However, we find that this relation is driven primarily by the fair values of customer- and contract-related intangible assets and that the fair values of other types of identifiable intangibles do not necessarily convey incremental decision-useful information. Finally, we find that users appear to rely on the information conveyed by these disclosures, as evidenced by revisions to analysts' forecasts and changes in stock prices. Overall, our findings provide insight regarding the usefulness of current standards and users' reliance on fair values in business combinations.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 2","pages":"922-952"},"PeriodicalIF":3.2,"publicationDate":"2025-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206972","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

What a relief: How do firms respond to competitors' listing delays? 真让人松了一口气：公司如何应对竞争对手推迟上市？

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-02-08 DOI: 10.1111/1911-3846.13015

Ning Jia, Jiaqi Qian, Xuan Tian, Jinxin Yu

{"title":"What a relief: How do firms respond to competitors' listing delays?","authors":"Ning Jia, Jiaqi Qian, Xuan Tian, Jinxin Yu","doi":"10.1111/1911-3846.13015","DOIUrl":"https://doi.org/10.1111/1911-3846.13015","url":null,"abstract":"We examine the effect of product market competitors' listing delays on incumbent firms' defensive strategies, including efforts in customer retention and acquisition as well as merger and acquisition (M&A) activities. To establish causality, we use four regulation-induced IPO suspensions in China that expose firms already approved for an IPO to indeterminate listing delays. Using a difference-in-differences design, we find that incumbent firms reduce efforts in customer retention and acquisition, as manifested in an increase in accounts receivable turnover and a decrease in selling expenses. Incumbent firms also reduce M&A activities, including high-premium and horizontal ones. The effects are stronger for incumbent firms that are subject to more intensive competition from the suspended firm, face larger competitive pressure from existing public firms, and are more financially constrained. Additionally, incumbent firms' managers reduce competition-related disclosures, and the firms' financial performance improves after competitors' listing delays. Consistent with the findings based on listing delays, we find that incumbent firms increase efforts in customer retention and acquisition and M&As surrounding competitors' IPO application and approval. Our paper sheds new light on the IPO peer effect, especially on how incumbent firms respond to the product market competitor's capital market entry.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 2","pages":"890-921"},"PeriodicalIF":3.2,"publicationDate":"2025-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206797","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 effect of process monitoring on beyond-the-job process improvements 过程监控对工作外过程改进的影响

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-02-06 DOI: 10.1111/1911-3846.13020

Ivo Schedlinsky, Maximilian Schmidt, Friedrich Sommer, Arnt Wöhrmann

{"title":"The effect of process monitoring on beyond-the-job process improvements","authors":"Ivo Schedlinsky, Maximilian Schmidt, Friedrich Sommer, Arnt Wöhrmann","doi":"10.1111/1911-3846.13020","DOIUrl":"https://doi.org/10.1111/1911-3846.13020","url":null,"abstract":"Although it has always been important for firms that employees innovate predefined processes, the working environment in which employees implement these processes has significantly changed. Currently, the working environment is often characterized by employee surveillance; that is, the way in which employees conduct a process is monitored. In the current study, we present the results of an experiment examining the effect of process monitoring on process improvements by employees. Although previous accounting literature has reported negative effects of monitoring techniques on several organizational outcomes, we show that process monitoring can have a positive effect on employees' implementation of process improvements in the absence, but not in the presence, of a firm's error avoidance policy. Without an error avoidance policy, employees are motivated to create a favorable impression in front of management by implementing process improvements. This finding has important implications for business practice. From a broader perspective, we show that the influence of action controls depends on the parameters of a cultural control.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 2","pages":"866-889"},"PeriodicalIF":3.2,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.13020","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206611","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

Civil society as a quasi-regulator: Coordination in financial regulation on climate change 公民社会作为准监管者：气候变化金融监管的协调

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-02-06 DOI: 10.1111/1911-3846.13014

Robert J. Charnock

{"title":"Civil society as a quasi-regulator: Coordination in financial regulation on climate change","authors":"Robert J. Charnock","doi":"10.1111/1911-3846.13014","DOIUrl":"https://doi.org/10.1111/1911-3846.13014","url":null,"abstract":"As early as 2015, financial regulators were developing disclosure frameworks aimed at enabling capital markets to price climate risks. Yet the literature on sustainability disclosure offers little insight into how regulatory agendas change, instead focusing on how nongovernmental organizations drive voluntary disclosure. To address this deficiency, this paper charts how financial regulators came to embrace climate risk, analyzing how an array of non-state initiatives became coordinated in highlighting climate-related impairment risks. This coordination is conceptualized via scholarship on decentered regulation, allowing a first, theoretical, contribution by constructing and demonstrating one analytical approach to studying substantive change on sustainability. This paper draws on a 25-month participant observation of a United Nations standard-setting project, supported by semi-structured interviews. This allows a second, empirical, contribution by mapping how an accounting device, the so-called “carbon budget” (the maximum amount of cumulative greenhouse gas emissions that limits the probability of exceeding 2°C of warming to 20%), coordinated this array of non-state action toward resolving a core trade-off: if we burn our current fossil fuel reserves, we will exceed our warming targets. The paper then shows how these coordinated efforts pressured regulatory authorities to intervene on how finance affects and is affected by climate change.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 2","pages":"837-865"},"PeriodicalIF":3.2,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206610","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

Credit information sharing and firm innovation: Evidence from the establishment of public credit registries 信用信息共享与企业创新：来自公共信用登记制度的证据

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-02-04 DOI: 10.1111/1911-3846.13016

Fangfang Hou, Jeffrey Ng, Xinpeng Xu, Janus Jian Zhang

{"title":"Credit information sharing and firm innovation: Evidence from the establishment of public credit registries","authors":"Fangfang Hou, Jeffrey Ng, Xinpeng Xu, Janus Jian Zhang","doi":"10.1111/1911-3846.13016","DOIUrl":"https://doi.org/10.1111/1911-3846.13016","url":null,"abstract":"Lenders are reluctant to finance firms' innovation activities because such activities tend to be opaque, with a high likelihood of negative outcomes that could hamper loan repayment. We posit that public credit registries (PCRs), which play an important role in credit information sharing in many countries, can facilitate financing by reducing adverse selection and moral hazard and increasing bank competition. Using the staggered establishment of PCRs in different countries and an international firm–patent data set, we find that credit information sharing positively affects firm innovation, especially in firms that experience a larger increase in bank debt financing after the establishment of a PCR. This finding is consistent with the notion that credit information sharing promotes firm innovation by easing bank debt financing frictions. We also find a stronger effect in countries that experience a large increase in bank competition after the establishment of a PCR—consistent with increased bank competition serving as a channel through which credit information sharing facilitates bank debt financing, thereby generating a positive effect on firm innovation. The positive effect is more pronounced when the established PCR has features that promote credit information sharing. It is also more pronounced for opaque firms and firms in innovation-intensive industries, indicating that credit information sharing helps to reduce financing frictions. Finally, we posit and find evidence that firm efficiency in transforming innovation inputs into outputs improves after the establishment of a PCR. Overall, our paper offers novel insights into how credit information sharing facilitates firm innovation.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 2","pages":"774-806"},"PeriodicalIF":3.2,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.13016","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206326","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

Is the PCAOB enforcement approach aligned with its mandate? Perspectives of sanctioned auditors and former PCAOB enforcement staff PCAOB的执法方法是否符合其授权？受制裁的审计师和前PCAOB执法人员的观点

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-02-04 DOI: 10.1111/1911-3846.13019

Nathan Cannon, Phillip Lamoreaux, Eldar Maksymov, Noah Myers

{"title":"Is the PCAOB enforcement approach aligned with its mandate? Perspectives of sanctioned auditors and former PCAOB enforcement staff","authors":"Nathan Cannon, Phillip Lamoreaux, Eldar Maksymov, Noah Myers","doi":"10.1111/1911-3846.13019","DOIUrl":"https://doi.org/10.1111/1911-3846.13019","url":null,"abstract":"The Sarbanes-Oxley Act of 2002 mandates the PCAOB to enforce compliance with its audit standards fairly. However, the enforcement process is not sufficiently transparent for public evaluation of its fairness, prompting a call by a former Board member for transparency of the process and for improvement suggestions from the public. Further, academic evidence on the PCAOB enforcement is limited. We address this call and the gap in the literature by interviewing 33 difficult-to-access participants about the enforcement process: 20 sanctioned auditors and 13 former PCAOB enforcement staff members. Using procedural justice theory as a lens in evaluating our data, we conclude the enforcement process lacks fairness in key components. Both auditors and former enforcement staff express concerns that staff use overly damning one-sided language in public orders, do not assess investor harm, and face incentives to sanction auditors, particularly small firms that cannot afford costly defense. We contribute to the literature on PCAOB enforcement by offering new insights into the enforcement process from firsthand perspectives of sanctioned auditors and former enforcement staff, deepening understanding of how enforcement practices align with the PCAOB's mandate for fair procedures. We also discuss process improvement suggestions from our participants and important future research opportunities.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 2","pages":"807-836"},"PeriodicalIF":3.2,"publicationDate":"2025-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144206443","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

Individual or team analyst reports? The organization of analyst research activities 个人或团队分析报告？分析员研究活动的组织

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-02-02 DOI: 10.1111/1911-3846.13013

Xia Chen, Ning Jia, Dan Wang

引用次数: 0

Endogeneity and the economic consequences of tax avoidance 内生性与避税的经济后果

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2025-01-27 DOI: 10.1111/1911-3846.13017

Scott D. Dyreng, Robert W. Hills, Christina M. Lewellen, Bradley P. Lindsey

{"title":"Endogeneity and the economic consequences of tax avoidance","authors":"Scott D. Dyreng, Robert W. Hills, Christina M. Lewellen, Bradley P. Lindsey","doi":"10.1111/1911-3846.13017","DOIUrl":"https://doi.org/10.1111/1911-3846.13017","url":null,"abstract":"Academic research investigating the economic consequences of tax avoidance is almost always interested in the consequences of intentional, deliberate actions undertaken to reduce taxes relative to income. Therefore, it is crucial that such research distinguishes between intentional and incidental tax avoidance, since failure to do so can create endogeneity concerns and lead to incomplete and incorrect economic inferences. In this paper, we first develop a framework that conceptually defines and distinguishes between intentional and incidental tax avoidance. We highlight that the endogeneity problem arises because intentional tax avoidance is not directly observable. We consider two approaches to mitigating endogeneity concerns and apply these approaches by reexamining two influential studies that investigate the economic consequences of tax avoidance. We show how controlling for past accounting losses eliminates the effect of tax avoidance on credit spreads (Hasan et al. 2014, Journal of Financial Economics, 113(1), 109–130) and how using an instrumental variables approach changes the sign of the relation between tax sheltering and stock price crash risk (Kim et al., 2011, Journal of Financial Economics, 100(3), 639–662). Overall, our paper punctuates the importance of both (1) conceptually distinguishing between incidental and intentional tax avoidance and (2) econometrically addressing the challenges that arise when empirical differentiation between incidental and intentional tax avoidance is important to the research question.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 1","pages":"702-730"},"PeriodicalIF":3.2,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.13017","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143646268","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