Contemporary Accounting Research最新文献_第7页

Government subsidies and income smoothing 政府补贴和收入平滑

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-05-08 DOI: 10.1111/1911-3846.12947

Kostas Pappas, Martin Walker, Alice Liang Xu, Cheng (Colin) Zeng

引用次数: 0

Oligarchy in professional accounting bodies: Challenges for governance and leader-member relations 专业会计机构中的寡头政治：治理和领导者与成员关系面临的挑战

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-03-13 DOI: 10.1111/1911-3846.12946

Conor Clune, Paul Andon

{"title":"Oligarchy in professional accounting bodies: Challenges for governance and leader-member relations","authors":"Conor Clune, Paul Andon","doi":"10.1111/1911-3846.12946","DOIUrl":"10.1111/1911-3846.12946","url":null,"abstract":"Drawing on Robert Michels's “iron law” of oligarchy, this study examines a governance crisis that unfolded at one of the world's largest professional accounting bodies (PABs)—CPA Australia. We leverage Michels's century-old contribution to the social sciences to explore how this crisis sheds light on the challenges that PAB governance arrangements can pose when PAB leadership and membership priorities conflict. By applying Michels's seminal work to theorize the origins, escalation, leadership collapse, and eventual resolution of this PAB governance crisis, we illuminate how governance arrangements fueled conflict and fostered a democratic deficit that frustrated sections of the membership in their attempts to debate issues, exercise accountability on leadership matters, and become involved in governance reform. Overall, our analysis reveals that despite espoused principles of equity and participation, PABs are vulnerable to oligarchy impacting how their leaders relate to the interests of their members. Implications for the capacity of PABs to accommodate member conflict and for member participation in the current-day professional context are discussed.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 3","pages":"1419-1448"},"PeriodicalIF":3.2,"publicationDate":"2024-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12946","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140153969","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

Shareholder perceptions of external tax advisors in corporate tax planning 股东对企业税务筹划中外部税务顾问的看法

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2024-03-10 DOI: 10.1111/1911-3846.12945

Michael P. Donohoe, Brian T. Gale, Michael A. Mayberry

{"title":"Shareholder perceptions of external tax advisors in corporate tax planning","authors":"Michael P. Donohoe, Brian T. Gale, Michael A. Mayberry","doi":"10.1111/1911-3846.12945","DOIUrl":"10.1111/1911-3846.12945","url":null,"abstract":"We examine shareholders' perceptions about how external tax advisors contribute to corporate tax planning. As residual claimants of corporate tax planning, shareholders benefit from lower corporate taxes, but also bear the financial and reputational costs of subsequent tax enforcement. Despite the influential advisory role of external tax advisors in corporate tax planning, existing research on how shareholders perceive this role is limited. Using event study methods and exploiting the heightened regulation of tax advice through the covered opinion rules as a setting, we observe average and cross-sectional stock returns consistent with shareholders perceiving external tax advisors as contributing unfavorably to tax planning by promoting excessively risky strategies. We further find that risky and overall tax planning declined across firms after the enactment of the rules, consistent with shareholders' perceptions about tax advisors' contributions to firms' tax planning. Overall, our findings contribute to research on shareholder perceptions and valuation of tax planning, and have important implications for practice, where regulatory oversight of external tax advisors remains a significant concern.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 2","pages":"1311-1345"},"PeriodicalIF":3.6,"publicationDate":"2024-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12945","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140098972","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

Accounting and silence: The unspeakable, the unsaid, and the inaudible 会计与沉默：不可说、不可说和不可听

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-03-10 DOI: 10.1111/1911-3846.12944

Caecilia Drujon d'Astros, Jérémy Morales, Bernard Leca

{"title":"Accounting and silence: The unspeakable, the unsaid, and the inaudible","authors":"Caecilia Drujon d'Astros, Jérémy Morales, Bernard Leca","doi":"10.1111/1911-3846.12944","DOIUrl":"10.1111/1911-3846.12944","url":null,"abstract":"This paper studies accounting and silence. Building on studies of accounting talk and introducing theories of “silencing,” we highlight the role of accounting silences in the production of engaging organizational conversations. Through a qualitative case study, we identify three forms of silence—the unspeakable, the unsaid, and the inaudible—and their links to accounting. Silences create motivations to engage in further accounting talk, but they also deny certain groups a voice in those conversations. An impression of participation, openness, and transparency emerges despite unequal access and the silencing of certain groups. Accounting itself can be silenced to avoid uncomfortable topics, potential problems, and anxiety-inducing uncertainties. This silencing may serve to preserve a useful ignorance, avoid being in the know, and build alluring narratives and engaging conversations. Accounting silences sustain such conversations by protecting them from alternative voices, unsettling knowledge, and narratives that are incompatible with the organization's preferred story.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 3","pages":"1449-1476"},"PeriodicalIF":3.2,"publicationDate":"2024-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12944","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140098977","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

CAR Ad Hoc Reviewers 2023/RCC Réviseurs ad hoc 2023 CAR 2023 临时审查员/RCC Réviseurs ad hoc 2023

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2024-03-06 DOI: 10.1111/1911-3846.12939

引用次数: 0

Data analytics strategy and internal information quality 数据分析战略和内部信息质量

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2024-03-04 DOI: 10.1111/1911-3846.12942

Katie W. Lem

引用次数: 0

Third-party reporting and cross-border tax planning 第三方报告和跨境税务筹划

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2024-03-04 DOI: 10.1111/1911-3846.12943

Alexander Edwards, Michelle Hutchens, Anh V. Persson

{"title":"Third-party reporting and cross-border tax planning","authors":"Alexander Edwards, Michelle Hutchens, Anh V. Persson","doi":"10.1111/1911-3846.12943","DOIUrl":"10.1111/1911-3846.12943","url":null,"abstract":"In 2018, the European Union (EU) introduced a new mandatory reporting requirement for a wide range of cross-border tax arrangements (EU Directive 2018/822, also known as DAC6). Unlike prior corporate transparency initiatives, which put the reporting responsibility primarily on the taxpayers, this directive puts the initial reporting responsibility on the third-party intermediaries who are involved in the reportable arrangement at any stage during the planning and execution process. We exploit the adoption of DAC6 in the EU to examine the effectiveness of third-party reporting in curbing cross-border tax planning by multinationals. Using a difference-in-differences research design, we find that affected firms reduce income shifting and report higher effective tax rates in the post-adoption period. The reduction in income shifting is stronger for affiliates operating in countries without legal professional privilege extensions and in countries where noncompliance penalties are higher. Our results highlight the importance of strong third-party reporting requirements in constraining cross-border tax planning.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 2","pages":"1248-1283"},"PeriodicalIF":3.6,"publicationDate":"2024-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12943","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140055512","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

Can artificial intelligence reduce the effect of independence conflicts on audit firm liability? 人工智能能否减少独立性冲突对审计公司责任的影响？

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2024-02-26 DOI: 10.1111/1911-3846.12941

Robert Libby, Patrick D. Witz

引用次数: 0

A comparison of direct listings and IPOs 直接上市与首次公开募股的比较

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2024-02-26 DOI: 10.1111/1911-3846.12940

Anna Bergman Brown, Donal Byard, Jangwon Suh

{"title":"A comparison of direct listings and IPOs","authors":"Anna Bergman Brown, Donal Byard, Jangwon Suh","doi":"10.1111/1911-3846.12940","DOIUrl":"10.1111/1911-3846.12940","url":null,"abstract":"IPOs and direct listings (DLs) offer two different mechanisms for firms to go public. In contrast to IPOs, DLs do not employ an underwriter or raise new capital. Using a sample of IPOs and DLs on major stock markets in the European Union, we document that firms that choose to go public via DLs are larger, more profitable, and less levered, on average, than IPO firms. These pre-listing differences suggest that DL firms should be less risky than IPO firms; however, controlling for this selection effect, we find that DLs have higher aftermarket price volatility than IPOs. This is consistent with some policy-makers' concerns that, because they lack an underwriter, DLs expose investors to higher risk than IPOs in the immediate post-listing period. We show that this heightened price volatility persists, on average, for the first 20 trading days after listings, and is larger in industries where listed peer firms provide relatively low-quality disclosures. Our results provide new evidence regarding the types of firms that choose to list via DLs versus IPOs and the riskiness of IPOs versus DLs in the immediate post-listing period; additionally, our results are consistent with underwriters improving the quality of information available to investors for IPO firms in the pre-listing period.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 2","pages":"1186-1215"},"PeriodicalIF":3.6,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139978667","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

Local information advantage and stock returns: Evidence from social media 地方信息优势与股票回报：来自社交媒体的证据†

IF 3.6 3区管理学

Contemporary Accounting Research Pub Date : 2024-01-30 DOI: 10.1111/1911-3846.12935

Yuqin Huang, Feng Li, Tong Li, Tse-Chun Lin

引用次数: 0