Contemporary Accounting Research最新文献_第8页

Raising the stakes: How progressive tax rates affect risk-taking by pass-through businesses 提高风险：累进税率如何影响转嫁企业的冒险行为

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-11-19 DOI: 10.1111/1911-3846.12992

Duke Ferguson, Trent J. Krupa, Rick C. Laux

{"title":"Raising the stakes: How progressive tax rates affect risk-taking by pass-through businesses","authors":"Duke Ferguson, Trent J. Krupa, Rick C. Laux","doi":"10.1111/1911-3846.12992","DOIUrl":"https://doi.org/10.1111/1911-3846.12992","url":null,"abstract":"We examine how progressive individual tax rates affect risk-taking by pass-through businesses (PTBs). PTBs generate over 60% of US business income and make up roughly 95% of business tax returns, yet there is limited research on how progressive tax rates affect project selection. We study PTBs using the setting of thoroughbred racing and examine how progressive tax rates affect the decision to enter a risky stakes race or a less risky allowance race. This setting provides a unique opportunity to observe the choice between two mutually exclusive projects that differ only in expected payoffs and risk. Using a difference-in-differences design surrounding the reduction in progressivity under the Tax Cuts and Jobs Act, we find that investment in stakes races increases in the United States relative to Canada. We find further evidence of a negative relation between progressive tax rates and risk-taking using a plausibly exogenous shock in progressivity in California and exploiting cross-sectional variation in the progressivity of state tax rates. Overall, our findings should be of interest to policy-makers considering changes to progressive rates. Results indicate that increases to progressive tax rates may discourage risk-taking by the small businesses that drive economic growth.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 1","pages":"39-69"},"PeriodicalIF":3.2,"publicationDate":"2024-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12992","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143646243","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

A narrative analysis of the justifications and excuses of serious employee fraud offenders 叙事性分析严重员工欺诈行为的理由和借口

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-11-18 DOI: 10.1111/1911-3846.12985

Paul Andon, Clinton Free

{"title":"A narrative analysis of the justifications and excuses of serious employee fraud offenders","authors":"Paul Andon, Clinton Free","doi":"10.1111/1911-3846.12985","DOIUrl":"https://doi.org/10.1111/1911-3846.12985","url":null,"abstract":"Most fraud research in accounting has focused on controls rather than offenders' subjective experience, meaning that our understanding of motive in fraud (defined as linguistic devices employed to justify, interpret, or excuse actions) remains underexplored. This is particularly the case for employee fraud, which has been largely neglected relative to top management fraud or financial statement fraud. To provide a richer understanding of how fraud offenders make sense of their offending, we interviewed 30 serious employee fraud offenders to better investigate their typal vocabularies of motive. We focus on holistic narrative accounts to provide insights into the common justifications and excuses presented by employee fraud offenders. We develop a taxonomy of narrative constructions based on the explanatory locus of the accounts offered by offenders. We identify three common justifications, (1) inconsequentiality motives, (2) permission motives, and (3) unfair treatment motives, and three common excuses, (4) personal crisis motives, (5) addiction motives, and (6) appeasement motives. We draw implications for researching fraud, organizational control, and ethics in accounting education.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"42 1","pages":"7-38"},"PeriodicalIF":3.2,"publicationDate":"2024-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143645845","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

Aggregate tone and gross domestic product 总基调和国内生产总值

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-11-15 DOI: 10.1111/1911-3846.12996

Elizabeth Demers, Fabio B. Gaertner, Asad Kausar, Heather Li, Logan B. Steele

引用次数: 0

Tend to one's own house: The effect of firm CSR on employee effort 顾家：企业社会责任对员工努力的影响

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-11-14 DOI: 10.1111/1911-3846.12987

Jeremy Douthit, Zhiping (Kyle) Mao, Patrick Martin

{"title":"Tend to one's own house: The effect of firm CSR on employee effort","authors":"Jeremy Douthit, Zhiping (Kyle) Mao, Patrick Martin","doi":"10.1111/1911-3846.12987","DOIUrl":"https://doi.org/10.1111/1911-3846.12987","url":null,"abstract":"We examine whether a firm's corporate social responsibility (CSR) actions that benefit external parties can cause the firm's employees to reduce their effort. We expect employees will reduce their effort in response to their firm's external CSR actions when they perceive that they are treated poorly by the firm and that the firm's external CSR actions use resources that could have been readily transferred toward improving employee treatment. We expect that, when employees hold both of these perceptions, they will react negatively to the firm's CSR actions due to heightened feelings of unfairness. Results support our expectations and theory. We find that employees respond negatively to CSR only when they perceive that they are treated poorly by their firm and that CSR uses transferable resources. Further, we find these effects are driven by employees' perceptions of the fairness of their firm's actions toward employees. Our study suggests that firms should consider how employees perceive their treatment by the firm and the transferability of the resources used for CSR actions that benefit external parties.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 4","pages":"2488-2513"},"PeriodicalIF":3.2,"publicationDate":"2024-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142764481","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

Public enforcement through independent directors 通过独立董事进行公共执法

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-11-14 DOI: 10.1111/1911-3846.12989

Xiaoxi Li, Pingui Rao, Yong George Yang, Heng Yue

引用次数: 0

Auditor distraction: The case of outside job opportunities for external auditors and audit quality 审计师分心：外部审计师的工作机会与审计质量的情况

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-11-14 DOI: 10.1111/1911-3846.12994

Matthew Ege, Young Hoon Kim, Dechun Wang

{"title":"Auditor distraction: The case of outside job opportunities for external auditors and audit quality","authors":"Matthew Ege, Young Hoon Kim, Dechun Wang","doi":"10.1111/1911-3846.12994","DOIUrl":"https://doi.org/10.1111/1911-3846.12994","url":null,"abstract":"Public accountants are in high demand by non-accounting firms. While this demand attracts high-quality accountants to public accounting, it can negatively impact audit quality by distracting auditors. We find that the number of metropolitan statistical area–level busy season job postings for public accountants by non-accounting firms is positively associated with misstatements. Results are most pronounced (1) when outside job opportunities are from non–publicly traded companies, which likely provide better work-life balance, and (2) when auditors are under a heavier workload, as captured by higher audit fee-to-auditor ratios and increased job postings by audit offices leading into the busy season. Results also suggest that accounting firms that provide large pay increases before the busy season can mitigate the negative audit-quality effects of busy season job postings for public accountants. These results suggest that accounting firms are not immune to negative effects of auditor distraction from outside job opportunities despite accounting firms knowing that their auditors are highly sought after by non-accounting firms.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 4","pages":"2546-2573"},"PeriodicalIF":3.2,"publicationDate":"2024-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142764483","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

Discretionary dissemination on Twitter 在Twitter上随意传播

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-10-30 DOI: 10.1111/1911-3846.12986

Richard M. Crowley, Wenli Huang, Hai Lu

引用次数: 0

Bank relationship and contractual flexibility: Evidence from covenant enforcement 银行关系与合同灵活性：来自契约执行的证据

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-10-22 DOI: 10.1111/1911-3846.12984

Yong Kyu Gam, Chunbo Liu

引用次数: 0

The use of cash flows metrics in CEO compensation and the design of loan contracts 现金流量指标在CEO薪酬和贷款合同设计中的应用

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-10-10 DOI: 10.1111/1911-3846.12981

Guojin Gong, Xin Daniel Jiang, Biqin Xie

{"title":"The use of cash flows metrics in CEO compensation and the design of loan contracts","authors":"Guojin Gong, Xin Daniel Jiang, Biqin Xie","doi":"10.1111/1911-3846.12981","DOIUrl":"https://doi.org/10.1111/1911-3846.12981","url":null,"abstract":"This study examines whether using cash-flow-based performance metrics (CFM) in CEO compensation contracts affects the design of loan contracts. Cash-flow-based performance evaluation explicitly motivates the CEO to improve the firm's cash flows, which may enhance debt repayment ability and reduce credit risk. We thus hypothesize that lenders, anticipating this incentive effect, offer lower loan spreads and reduce cash-flow-based performance covenants when firms use CFM in CEO compensation contracts. Consistent with our expectation, the use of CFM is associated with lower loan spreads and less use of cash-flow-based performance covenants. These findings remain robust after we account for endogeneity. Furthermore, these results are more pronounced in firms with higher credit risk or risk of cash flow shortfalls, suggesting that lenders consider internally generated cash flows more valuable when borrowers face higher external financing costs or have greater liquidity concerns. Additionally, we find that using CFM is associated with improved cash flow performance and enhanced creditworthiness, which supports the notion that CFM is an effective incentive mechanism. Overall, our evidence suggests that lenders consider the incentive effect of cash-flow-based performance evaluation in the debt contracting process.","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":"41 4","pages":"2384-2416"},"PeriodicalIF":3.2,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1911-3846.12981","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142764133","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 news media coverage on voluntary disclosure 新闻媒体报道对自愿披露的影响

IF 3.2 3区管理学

Contemporary Accounting Research Pub Date : 2024-10-08 DOI: 10.1111/1911-3846.12982

Brandon Lock

引用次数: 0